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Powerful 1 Min Scalping System (Fx Prime)

  • #301
  • Oct 15, 2008 12:27pm Oct 15, 2008 12:27pm
Yep system seems very good.....
I am using the "first version" with indicaters from first page. I have not the CCI 34 and 170 on the same windows and also have no popups or alerts. What are files for this to work? I missed somethign here. Can somone please re-post this files?

thanks a lot!
  • #302
  • Oct 15, 2008 12:48pm Oct 15, 2008 12:48pm
Hi guys try putting EMA 34 close on you chart. You will the price will retrace to 34 and come back test
my 1 cent to help
  • #303
  • Oct 15, 2008 12:51pm Oct 15, 2008 12:51pm
+55 pips in EUR/CHF. After it crashed 2 Fib levels within 3 minutes I put a 15 pip TS on. So I got exited at 1,5338 ...
Attached Image (click to enlarge)
Click to Enlarge Name: trade ec.gif Size: 16 KB
  • #304
  • Oct 15, 2008 12:53pm Oct 15, 2008 12:53pm
USD/JPY still open with + 62 pips so far. Also put on a 15 pip TS here. I guess this is best way to exit if gains become bigger than 20 pips ...
  • #305
  • Oct 15, 2008 12:54pm Oct 15, 2008 12:54pm
Forgot the chart
Attached Image (click to enlarge)
Click to Enlarge Name: trade uy.gif Size: 16 KB
  • #306
  • Oct 15, 2008 1:06pm Oct 15, 2008 1:06pm
Quoting GermanTrader
Forgot the chart
Someone is having fun today!
  • #307
  • Oct 15, 2008 1:35pm Oct 15, 2008 1:35pm
doesn't look good with low volatility periods, try august 2004 as an example, the daily range that time was 60-70 pips instead of 200-250 pips now
  • #308
  • Oct 15, 2008 1:38pm Oct 15, 2008 1:38pm
Quoting ziko123
doesn't look good with low volatility periods, try august 2004 as an example, the daily range that time was 60-70 pips instead of 200-250 pips now

Yes but we only need 20 pips a day here...
  • #309
  • Oct 15, 2008 1:43pm Oct 15, 2008 1:43pm
Quoting Canadian_Dud
Yes but we only need 20 pips a day here...
yes, try testing the period I told you and you will notice huge number of false signals due to low volatility
  • #310
  • Oct 15, 2008 1:46pm Oct 15, 2008 1:46pm
Quoting ziko123
yes, try testing the period I told you and you will notice huge number of false signals due to low volatility
Gotcha I guess low volume periods are tuff to trade no matter what...
  • #311
  • Oct 15, 2008 1:53pm Oct 15, 2008 1:53pm
Seems to me we should all beware of any trading during low volatility times.

Only a few methods devoted to small range trading are appropriate and unfortunately they miss the big moves.

If only we could predict which market we will get for the next 30 minutes or so with 1m chart trading....

Today we had some low volatility identified by small price swings; and it was not a good time to trade. Just my thoughts,

Steve
  • #312
  • Oct 15, 2008 1:55pm Oct 15, 2008 1:55pm
Quoting stevewide
Seems to me we should all beware of any trading during low volatility times.

Only a few methods devoted to small range trading are appropriate and unfortunately they miss the big moves.

If only we could predict which market we will get for the next 30 minutes or so with 1m chart trading....

Today we had some low volatility identified by small price swings; and it was not a good time to trade. Just my thoughts,

Steve
And thats why I only trade when markets move, london time...
  • #313
  • Oct 15, 2008 1:58pm Oct 15, 2008 1:58pm
Quoting Canadian_Dud
And thats why I only trade when markets move, london time...
Anyone have a good volume indicator?
  • #314
  • Oct 15, 2008 2:06pm Oct 15, 2008 2:06pm
I've been using an ATR cross lately and it seems to be working well enough. If the short term atr is greater than the long term atr we're in a higher relative volatility period.
  • #315
  • Oct 15, 2008 2:08pm Oct 15, 2008 2:08pm
Quoting Ronald Raygun
I've been using an ATR cross lately and it seems to be working well enough. If the short term atr is greater than the long term atr we're in a higher relative volatility period.

Can you please show us this by putting up a picture? I am not quite sure what you mean...

Big thanks ron!
  • #316
  • Oct 15, 2008 2:09pm Oct 15, 2008 2:09pm
Quoting ziko123
doesn't look good with low volatility periods, try august 2004 as an example, the daily range that time was 60-70 pips instead of 200-250 pips now
BUT even before the markets crashed, the usd/gbp was always a large range pair. I can clearly remember even in April this year, the pair moved a lot of days between 150-250 pips. Lets see when volatility go down a bit, but I'm betting that this system will still work...scalping is just that, scalping - whether it is 1 pip or 100 pips.

Regardless, going with volatility trading...suites my purse :-)
  • #317
  • Oct 15, 2008 2:13pm Oct 15, 2008 2:13pm
Even though mt4 volume is not claimed to be representative of the entire interbank market, I was taught to use a 10 period sma of it for the standard indicator of volume that comes with MT4. See chart below...

The yellow line is a 10sma applied to the volume indicator which is dragged from the navigator view onto the volume indicator. You can make the volume the color of your background and just use the yellow 10sma line.

I don't really look at it much but it is a respectable substiture for a subscription service volume you get with esignal and other paid services.

Steve
Attached Image (click to enlarge)
Click to Enlarge Name: eu 10.15.08 volume.gif Size: 58 KB
  • #318
  • Oct 15, 2008 2:13pm Oct 15, 2008 2:13pm
Green is short term
Red is long term

If green is over red, more volatile, otherwise, less volatile.
Attached Image (click to enlarge)
Click to Enlarge Name: atr.gif Size: 28 KB
  • #319
  • Oct 15, 2008 2:16pm Oct 15, 2008 2:16pm
2 great posts ron and steve

try to find the Chaikin's Volatility I hear its not bad if you do post a pic please would be neat to see if it works or not
  • #320
  • Oct 15, 2008 2:29pm Oct 15, 2008 2:29pm
Not sure how it works :-(
Attached Image (click to enlarge)
Click to Enlarge Name: Chaikin's_Volatility.JPG Size: 77 KB
Attached File(s)
File Type: mq4 Chaikin's_Volatility.mq4   3 KB | 1,133 downloads
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