Powerful 1 Min Scalping System (Fx Prime) | Page 6 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Woodies CCI with a 5 min scalping 50 replies

1M & 5M Scalping System (Scalping Paradise) 21 replies

Blackdiamond System - Awesome scalping system (Coding Reqd) 9 replies

Scalping techniques on 1 Min chart 26 replies

15 min indicator on 5 min chart 3 replies

Attachments: Powerful 1 Min Scalping System (Fx Prime)
Exit Attachments

Powerful 1 Min Scalping System (Fx Prime)

  • #101
  • Oct 13, 2008 6:59pm Oct 13, 2008 6:59pm
white line shows entry; waited till it tested the weekly M3 and the 1.3600 level for a few candles before deciding it was holding up well. I'm still in the trade +50 so far.

Thanks Cad Dude.

Steve
Attached Image (click to enlarge)
Click to Enlarge Name: eu 10.13.08asian.gif Size: 52 KB
  • #102
  • Oct 13, 2008 8:53pm Oct 13, 2008 8:53pm
Hi,

I was just curious about the color changes on the CCI??

Sometimes the cci 34 and or 170 will change color on one bar only.

What is happening at that moment? Why does it do this?

The white box below shows what I mean.

Thanks,
revrobwimb
Attached Image (click to enlarge)
Click to Enlarge Name: scalp pic1.gif Size: 17 KB
  • #103
  • Oct 13, 2008 8:59pm Oct 13, 2008 8:59pm
Quoting revrobwimb
Hi,

I was just curious about the color changes on the CCI??

Sometimes the cci 34 and or 170 will change color on one bar only.

What is happening at that moment? Why does it do this?

The white box below shows what I mean.

Thanks,
revrobwimb
Its shows a bollinger squeeze, if you dont know what that is google it, but it tells you a breakout is comming!
  • #104
  • Oct 13, 2008 9:23pm Oct 13, 2008 9:23pm
http://i34.tinypic.com/2iu96vo.jpg

Gota love this!

NOTE: The signal before that was a false signal... they do happen but the one after went the right way
  • #105
  • Oct 13, 2008 11:37pm Oct 13, 2008 11:37pm
Hope nobody was trading during this mess...

A few signals might yield +10... but most of this was whipsaw reversals.

Ugly stuff... Be careful guys... discipline is always needed w/ any 1m system. So many scalpers are looking for a grail and can become way too mechanical w/ their entries. This system is a great pip machine but I believe you must guard your account w/ good money management and have an overall "feel" of how the market is reacting at the moment. A scalper w/out a news service would obviously stay away during news times, but the same could be said of this system during ranging and jerky price action. I'm sure I'm just preaching to the choir but you could lose a ton of pips just trading these signals at the wrong moment.... and you can make tons more w/ proper discernment.

revrobwimb
Attached Image (click to enlarge)
Click to Enlarge Name: scalp pic1.gif Size: 18 KB
  • #106
  • Oct 13, 2008 11:49pm Oct 13, 2008 11:49pm
Quoting booster
Ronald R,

I was looking at the code of your EA to see if I could make an indi and found these 2 lines:

if(RSI > 55) RSIDirection = "Long";
if(RSI > 45) RSIDirection = "Short";

Maybe the 2nd one needs to be changed by "RSI < 45"

Just my 2 cents and thanks for your excelent work.
You're right, it does. Thanks for the catch!
Attached File(s)
File Type: mq4 Fx Prime.mq4   14 KB | 2,811 downloads
  • #107
  • Oct 14, 2008 12:51am Oct 14, 2008 12:51am
Maybe this is noob question but would somebody tell me which CCI indi that we use? Because there is several CCI found in this threat. Fx prime you said this system work best at 3am - 11am CET but in your last post you still enter the market in australian session, so that mean this system work 24 hours?

Thank you
  • #108
  • Oct 14, 2008 2:09am Oct 14, 2008 2:09am
use the wcci indicator and settings are:

tcci period 170
cci period 34
change the colour black to yellow/gold

everything else leave alone
  • #109
  • Oct 14, 2008 2:15am Oct 14, 2008 2:15am
Quoting Jnita
use the wcci indicator and settings are:

tcci period 170
cci period 34
change the colour black to yellow/gold

everything else leave alone

what is the yellow or gold line.and for what purpose??
thanks.
  • #110
  • Edited 6:47am Oct 14, 2008 2:17am | Edited 6:47am
Canadian Dud(Fx prime),

Nice scalping system. Thanks.

Maybe you could add a template file to your 1st post (that have all the settings and indi's that you use in your charts).... so it could just be a matter of copying the indi's and copying the template.

ps. the template in post 2 do not show anything except the Heiken A
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm 1.gif Size: 19 KB
  • #111
  • Oct 14, 2008 2:20am Oct 14, 2008 2:20am
Quoting hanindo2000
what is the yellow or gold line.and for what purpose??
thanks.

In the settings window of the indi , go to the tab colours, the default of 3. is black, change it to yellow (or whatever you want) so it will be visible on your chart. Thsi line is your CCi at 170, if you read the rules you will know why it is important.
  • #112
  • Oct 14, 2008 2:24am Oct 14, 2008 2:24am
Quoting Jnita
In the settings window of the indi , go to the tab colours, the default of 3. is black, change it to yellow (or whatever you want) so it will be visible on your chart. Thsi line is your CCi at 170, if you read the rules you will know why it is important.

thanks a lot
  • #113
  • Oct 14, 2008 2:43am Oct 14, 2008 2:43am
long signal 1.3662 candle at 9;35 metatrader time, cci 170 was green and inmediately changed down i am holding it because its few pips but would that be considered a false signal or a loss ?
  • #114
  • Edited 2:52am Oct 14, 2008 2:50am | Edited 2:52am
Quoting blanca
long signal 1.3662 candle at 9;35 metatrader time, cci 170 was green and inmediately changed down i am holding it because its few pips but would that be considered a false signal or a loss ?
London markets are opening in 10 min, I ussually don't take a new trade now Have you confirmed trend with a 5min chart as per FX prime's instructions?

http://www.forexfactory.com/showpost.php?p=2277543&postcount=62
  • #115
  • Oct 14, 2008 2:52am Oct 14, 2008 2:52am
yes confirmed in 5 mins both cci green and already did a low, it did it again, i am holding it just because heikin has not changed but cci 170 changed twice already, did exit at daily high, i have the feeling wont go further up anymore.
  • #116
  • Oct 14, 2008 2:59am Oct 14, 2008 2:59am
Quoting blanca
yes confirmed in 5 mins both cci green and already did a low, it did it again, i am holding it just because heikin has not changed but cci 170 changed twice already
Yes it looked like a valid entry.
looks like it would have been a losing trade if your sl at 10, but no system is 100% profit all the time. It might still go up. You choose.
  • #117
  • Edited 3:33am Oct 14, 2008 3:22am | Edited 3:33am
short 1.3658, all conditions met seems this one will make it better, lets see


Again constant changes in cci 170, this time i will go out as soon as get closer to entry, dont like it how it sees
  • #118
  • Oct 14, 2008 3:32am Oct 14, 2008 3:32am
RR,

Thanks for trying to code an EA for this system.
Meanwhile it seems that your EA doesn t take into account the RSI when taking a trade.
It took many trades when the RSI was between 45 and 55 which according to the "rules" is a big "no-no"

Indeed those trades were losers.

just me 2 pips
  • #119
  • Oct 14, 2008 3:46am Oct 14, 2008 3:46am
and another long, did not take it this time, also turned bad, then now a short, seems today is a sidetrend day very confusing signals
  • #120
  • Oct 14, 2008 4:35am Oct 14, 2008 4:35am
Quoting blanca
and another long, did not take it this time, also turned bad, then now a short, seems today is a sidetrend day very confusing signals

Dont forget to only start trading at 5pm EST time

Look at that great entry at 5am est time its up by 30 pips!
1 trader viewing now