Scalping Technique Made Easy

Guys this system really interests me......

here it comes i loaded the indicators on MT4 but they don't overlay how can I do that?

cheers

I would avoid this sytem at all costs, MTF HAS indicators are notorious for repainting. The past looks great, the future is a disaster!

Andy

Another NooB Q what is repainting? so anyone can shed some light on the overlay issue?

is anyone still trading this method, i noticed the hype dropped off a tad.....

cheers
>Apoca<

Repainting is changing of signals in past. So,
1)some indicator can show you some result at some moment
2)after close and open MT4 that indicator can show you the OTHER result at the same moment

If you have a 5M chart open with 4 multi-timeframe indicators showing 5M, 15M, 30M and 1H, the 1H bars will be the same colour for 12 consecutive bars as there are 12 5M bars for every 1H bar

It is possible, therefore, that all 4 MTF indicators show red for a series of bars, for example. If there is a sudden move upwards towards the end of an hour, though, the 5M indicator will show blue. If the move is big enough, the last 3 bars of the 15M indicator will also change to blue, and also possible that the last 6 30M bars and last 12 1H bars also change to blue.

So you may have been making trades based off a series of red bars, which an hour later may well have changed to a series of blue bars.

Are any FF members still using this scalping system. If yes, what has the performance being like? Thank you.

fxpilot

Don, I've been advised to download your Bar Lower files to use with a strategy I want to use. All I can get are the red boxes surrounded by a blue outline. I've attached a screen capture to show you my results. Any suggestions for getting these to appear as separate blue and red boxes would be appreciated.

For me is best scalping system to scalp Supports and Resistances

thanks

From my reading of the thread and thread rules, the system looks profitable - manually.

I have not tried the EA and as such will refrain from throwing comments on it - deserving or undeserving.

As for the method, I am a huge fan of Heiken Ashi charts - including the smoothed ones. If you are able to trade them correctly, you will bag a pile of pips - in my honest opinion.

For those who do not know a little about Heiken Ashi bars, they are average price bars - they do not show the true underlying candle activity.

While noting the above, it should be understood that Heiken Ashi bars - smoothed and default, works best when there is a trend in the market - try getting in on Asian sessions or after NY lunch and you probably gonna chew more than you can swallow.

However, if you can identify a true trend for a European session or NY and European session cross, you definitely can hit many pips with this baby here - trade with the longer TF trend direction and you won't go wrong most of the times.

Be conservative with your stops and TP - don't expect to make a million bucks for 5 minutes of work.

Have fun and happy pippin!