Powerful 1 Min Scalping System (Fx Prime)

This is so FUNNY... I have developed the same system as CD! Absolutely the same (except exit rules)... and here we go, here is the thread with more than 1600 posts discussing it.

All the glory to the guy who started the thread, (I don't mind), my glory is my account. I've traded it for exactly 1 month and I have 200% growth of my account. I trade part-time, risk only 1%, and only with 1 pair. Since, nobody shares his results here, I don't really know if my exits are better than CD's, or not.

FLAMENCO - good to see you here! I see, you are like a guru here - that's great! Nice bike by the way. EVERYONE - listen to FLAMENCO; he knows what he's talking about.

Although, my system is similar to CD's - I don't use any of his indicators! I use MAs instead. 34sma and 170ema - they show the same stuff as CCI does. in this case, I save screen space. (for those who don't know: 170ema on 1m is the same as 34ema on 5m - you don't need to change charts). I don't use RSI - sometimes it saves you, sometimes it LAGS a lot ,and you lose. it is my personal preference.

I trade 170CCI when it crosses 0 line on CCI, and I trade 34 crosses in the same direction - here I take 25pips and don't wait opposite crossover. anyway, look at my picture. so I trade both: long-term and short term - if I mess up with 34crosses - long term will cover this mess, but if they both work well - you double your results! (again see the picture - or check the history).

I also agree with Flamenco - I don't use any Fibs, pivots and S&R - sometimes they help, sometimes you miss lots of pips. or actually I use S&R on higher timeframes - but it's a different topic.

I'm not sure where CD's system comes from, I developed mine from "Elite" by Waterflame - you can learn a lot from there.

here is one of my usual days of trading: enjoy

Hi konstas,

What is ur exit strategy, how do u exit.

It's all seen on the picture

when trading 170 crosses, I take profit in parts: 50pips - I close 50%, when profit reaches 100 pips, I close 40% more, then it comes to 150pips, I close 5%, 200pips another 3%, 250pips another 1%, 300pips the last 1% - usually on 1m it doesn't go more than 300pips (last week it reached 350 once though). - these are basic rules - of course if it crosses in opposite direction - I close everything.
(although, I still work on this one - statistics shows that if I take 50pips profit all the time - it will give higher results - than taking profit in parts praying it will go on and gives you more pips.)

I also trade 34 crosses, when it goes in the same direction (this is CD's sytem which everyone trades here) - I only SELL if 34 below 170 (both of them below zero-line on CD's CCI indic), and I only BUY if 34 is above 170 (both of them above zero-line on CD's CCI). here I take 25pips and that's it!!! I don't care if it runs longer - cuz I have longer position already open (170cross). I take 25pips as it often retraces!

Once again, my exits gave me 200% profit for the past month, but I still think that my exit rules can be improved - I just feel it!!!!

cheers everyone.

Hey Konstas,

I played around a little bit and tweak some of the setups from CD and I have to say that it looks very interesting. You guys are right when you say that less is more (or better and less confusing.)

Hey Konstas,

Got a question.

In your chart, the yellow, the black and the dotted line, what are the setups for that?

(I know stupid question.)

can you please describe what each of the following are: the white dotted line, the yellow solid line, and the black solid line ?
and also is the 34CCI on your chart - I don't see it, only 170CCI seems to be there
thanks alot in advance
traderdp

Hi All,

sincere appologies in advance, but i'm being really thick.

I am new to forex trading, I have downloaded all the indicators and templates etc from Post #1 by CD.

But my screen does not look the same as what you guys are posting.

I have enclosed my screen below.

could someone please advise (step by step guide) on how to set this up?

Thanks in advance.

yellow - 3ema, black 34sma, white-dotted - 170sma
I trade crosses when 3ema crosses 34, and 170.
3ema is very close to the price action and saves you from many-many false breaks - it comes from "Elite" system.

Thanks Konstas.
I will check out the "Elite" system.

thanks so much for the prompt response
traderdp

unfortunately waterflame closed his thread "Simplicity is the ultimate form of sophistication (Elite)" - he erased the first post with all the rules.

hi, freeman, what others indicators you use?

thanks

hi, fremmen, please what others indicators use?, can you to put all indicators you use, i like this savepaint,

ciao from spain

hi, what is the point green and white?
thanks

Here is a handy indicator for breakouts when u can't be infront of your computer
It has voice alert or pop up alert which ever you want to use.
NOTE: When you attach this to your chart make sure you allow dll imports or it wont work.

There is a read text in the zip read it so you know where to put the three files.
Have fun and good luck trading

as it may help in trading the CD system - it may be useful to review
any help very much appreciated

traderdp

Konstas,
Would you mind posting your cci indicator. I have very limited skills at making an indicator. I have tried with the regular cci in the mt4 but no luck as making like yours. If you can that would be very much appreciated.
TraderMan

Hallo Konstas, I am glad to see you here. I was often in Elite thred before. Please, tell me, do you use simple CCI 170 and CCI 34 and 3ema, 34sma, 170ema and thats all. No more other indicators? For buy signal CCI 170 and CCI 34 must be above 0 line and at the same time 3ema must cross 34sma and 170ema. Thats correct? 34ema must not cross 170sma? You exit on 1min. always with 25 pips profit. You do not ride a trade? Thank you very much for your great work and I wish you many pips.

Konstas isn't around right now, so allow me to help. Just use the Double Woodies CCI that's currently available. Change the TCCI setting to 170, and the CCI to '0'. Then change the colors to any that you wish. Dark blue and red is what Konstas had on his chart.

Still learning the system but have a question regarding Heiken-Ashi.
What is the difference between the regular HA and the "smoothed"? When I load the regular HA the colored candles are superimposed right on top of my regular candles - when I try and load the "smoothed" I get nothing at all? Any ideas?
Thanks