5Min Intraday System

Quoting shreem

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Hello Phillip Nel and others, I just want to express to my deep gratitude for your incredible 5m scalping strategy. If we are patient and wait for the proper setup, it it truly the best scalping method one can hope for.

In the last 3 days that I have being using this system with a live account and right money management, I have already bank 3 profitable trades. I work full time during the day eastern time so I use it in asian session and early london session ET.

Wishing a very good week-end to all and best in all your trading

shreem

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Quoting hard1head1

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Phil,

Looks like we got he E.A. help we needed, Phil. Again, great system, cant wait to be able to DRILL the EUR/USD without sitting in front of the computer.

Thanks again, Mobsie!!

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Quoting Phillip Nel

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Have been on the road all day. Travelled 900Km. Just got home and missed out on two trades today. Hope you got it. Could not attend to the 4Hour Plan as well. Will see to it next week.

There are not very much feedback at this stage on this thread. Looks like people have moved on in search for the next system.

There are on thing I would like to emphasize and that is the art of patients. If you can not master that you will get burned.

Even if you just trade the 5Min strategy on paper it will give you patients over time.

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Quoting Phillip Nel

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On the 1Hour chart the 55SMA was tested three times and a small tweezer top against it could bring a temporary downwards move. Take note of the possible move. My first 30% partial profit is thus set at 1.2975 and my stoploss moved to 1.2940 (using the 10pips gained today) to breakeven as I am not at ease with the current motion of the market. Will re-enter later on when market moves past 1.3000 should I get stopped out.

4Hour made a spinner with people buying off the bottom and people selling of the top. Uncertainty.

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Quoting Phillip Nel

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I,m done for the day. Will wait for 21:00(GMT+2) to see the close of 4Hour candle to take action on 4Hour trading Plan if needed.


Update

It was indeed a perfect setup. I think the day with its ups and downs and the fact that I was 18 pips up made me retired before this one. Hope you took it.

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Quoting dariuske

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The PhilNellSignal indicator will give you a visual and audio signal (on 5Min.) when all trading conditions are met. (When you see nothing, change countbars to 5000 for example.)

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Quoting Mobsie

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Hello,

Chandra: If you push your right mouse buttom or ctrl+i on your chart, you see the indicators from the chart.
And there must, if you attached, the PhilNelSignals. If you double click the PhilNelsignals you see the options, and in the input tab you can set the angle.
This is the angle from the ema for Alert. Phil write or maybe i test, that 0.22 is the best value.

The EA is finish ( i hope ). I am 37 years old, and programmer since i was 14. I programm in Assembler,c, PHP, Java, VB usw. then it is not so hard for me to learn/understand an new language. This only for info.

But my english is very bad, sorry. I am from germany and need more practice.

This week i will post here the EA, and all can test.

One more, not to programm the EA is great, great is what Phil give us. Thanks again.

On the picture you can see test for buy, was okay.

Now i write the more difficult stuff (for me) i will integrate this what Phil do. He stop after 2 bad trades. Because of this i will do that anyone can set how many trades per day and when to stop. Maybe more.

Cheers
Mobsie

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Quoting Mobsie

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Hello,

Chandra: If you push your right mouse buttom or ctrl+i on your chart, you see the indicators from the chart.
And there must, if you attached, the PhilNelSignals. If you double click the PhilNelsignals you see the options, and in the input tab you can set the angle.
This is the angle from the ema for Alert. Phil write or maybe i test, that 0.22 is the best value.

The EA is finish ( i hope ). I am 37 years old, and programmer since i was 14. I programm in Assembler,c, PHP, Java, VB usw. then it is not so hard for me to learn/understand an new language. This only for info.

But my english is very bad, sorry. I am from germany and need more practice.

This week i will post here the EA, and all can test.

One more, not to programm the EA is great, great is what Phil give us. Thanks again.

On the picture you can see test for buy, was okay.

Now i write the more difficult stuff (for me) i will integrate this what Phil do. He stop after 2 bad trades. Because of this i will do that anyone can set how many trades per day and when to stop. Maybe more.

Cheers
Mobsie

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Quoting steinitz

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Somebody else had an issue that I am seeing when trying to insert the 21 EMA over the MAAngle indicator. The MA doesn't plot or go below ZERO. I looked at Phil's template and his angle indictor is labeled SMAAngle. Yet the one from Dariuske is called MAAngle. Is that the problem?

Any ideas?

Steinitz

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Quoting Chandra

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Phillip,
1.In your 4-hour plan, the trading strategy is same as the 5-minute strategy. Am I right.

No it is not. Only enter on a pullback into the zone

2. In the 4-Hr. plan, you have used 55 MA (instead of 50 MA as used in the 5-min strategy). Any reason for that?

That was a 1 hour chart. 50SMA is for 5min and 55SMA for 1hour. I wanted to show the three strategies in one thread 5Min, 1hour and 4hour but it was pointed out that I should stay with the 5min. I am glad I did as it was confusing. That is why it is not complete. So ignore the the 4hour stuff on the 5min thread. I will at a later stage do the 1hour. It also act as an confirmer of the MACD signal.

3. What about the other two mAs? Same 10 and 21?

That is only for the 4hour strategy

4. My observations: More than the strategy, etc., in your 4-Hr. plan, you taught me HOW TO THINK & PLAN AND ACT. This clearly tells why "Ready made, Mechanical systrems" fail.



We study so much and we learn a sophisticated trading strategy and then, unfortunately, we expect to trade it mechanically then onwards. What a pity, we fail and we loose all the faith we acquired on that strategy by hard work and then we go and start all over again on a new strategy. You openned my eyes by your thinking and by your actions in this 4-Hr. approach.
Thanks.
-Chandra.
PS: Please don't forget to answer my other three questions above.

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Quoting rorieu

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For interest only: these charts, GBP & EUR in this case, are 5 minute charts including only Darius's PhilNelSignals indicator and volume. The vertical scales are compressed to make the price almost a straight line and the time scales zoomed out to the maximum, period separators on. In the lower one the price is also coloured black.
The coloured blobs clearly show what time during the day signals are triggered. I'm on Interbank, GMT is correct time.
I have CountBars set to 20000 so I can scroll back in time.

It's interesting to observe the effect of different angles in the indicator dialog box along with various pairs.
Each day; LH side Asia, middle London, RH side New York...Try It!

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Quoting Mobsie

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Hello,

more Info for you. The EA ist finish. The problems are solved. BUT sometimes the PhilNel Rules are given but the trend goes in the other side so it will be end with an lose.

If we trade self we see this and don`t take this signal.
Now i will tomorow integrate an trend indicator to min this bad signals.

And then i thinks most is done, and you can test it.


Cheers
Mobsie

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Quoting Mobsie

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Hello,

more Info for you. The EA ist finish. The problems are solved. BUT sometimes the PhilNel Rules are given but the trend goes in the other side so it will be end with an lose.

If we trade self we see this and don`t take this signal.
Now i will tomorow integrate an trend indicator to min this bad signals.

And then i thinks most is done, and you can test it.


Cheers
Mobsie

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