Attachments: Powerful 1 Min Scalping System (Fx Prime)

Powerful 1 Min Scalping System (Fx Prime)

#1,681
Nov 3, 2008 4:41am Nov 3, 2008 4:41am

waterloo
| Joined Oct 2008 | Status: Puma | 22 Posts

Are good entries?

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#1,682
Edited 5:30am Nov 3, 2008 5:11am | Edited 5:30am

Flamenco143
Joined Apr 2007 | Status: Stupidity is expensive! | 432 Posts

Since there seems to be a little confusion about entry points here perhaps I can help further since I am very familiar with Waterflame's original Elite system, and how Konstas has improved it for scalping.

To go short: 170 sma line on top.
34 sma line below it.
3 ema line below that.
Once the above arrangement aligns, you pull the trigger for a short, and you can ride it for quite a few pips.

If the 3 ema is between the 34 and the 170 - that is a 'dead zone' and you do not trade. BUT - if the 3 is in the 'dead zone' and crosses the 34SMA back down, then that is a valid entry sign for a short and you re-enter a new trade. As Konstas says, your goal on one of these entries is 25 pips.

Long: Just reverse the above criteria

Waterloo, your middle 'entry' would not have been a valid entry for me because the 170 and the 34 are still lined up for a long. (34 is above the 170) To be a valid short entry that 34SMA would have to be below the 170. Then the 3 - 34 - and 170 would have been properly aligned for a short entry.

#1,683
Nov 3, 2008 5:11am Nov 3, 2008 5:11am

andycamino
| Joined Oct 2008 | Status: Trader | 13 Posts

Quoting CanuckCT

Disliked

5 winners - total of 332 pips. Great start for the week and I'm done for the night. It's a great system!
Cheers
CanuckCT

Ignored

Hey CanuckCT,

Great work tonight! Just curious what those small circles are that appear on your chart. This may have already been answered or stated here, but i've had a look through but there are literally thousands of posts and no success.

Any help would be greatly appreciated.

Cheers,
Andy

#1,684
Nov 3, 2008 5:24am Nov 3, 2008 5:24am

waterloo
| Joined Oct 2008 | Status: Puma | 22 Posts

Quoting Flamenco143

Disliked

Since there seems to be a little confusion about entry points here perhaps I can help further since I am very familiar with Waterflame's original Elite system, and how Konstas has improved it for scalping.

To go short: 170 sma line on top.
34 sma line below it.
3 ema line below that.
Once the above arrangement aligns, you pull the trigger for a short, and you can ride it for quite a few pips.

If the 3 ema is between the 34 and the 170 - that is a 'dead zone' and you do not trade. BUT - if the 3 is in the 'dead zone' and crosses the 34SMA back down, then that is a valid entry sign for a short and you re-enter a new trade. As Konstas says, your goal on one of these entries is 25 pips.

Long:...

Ignored

and CCI?

#1,685
Nov 3, 2008 5:33am Nov 3, 2008 5:33am

waterloo
| Joined Oct 2008 | Status: Puma | 22 Posts

Good entry

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#1,686
Nov 3, 2008 5:38am Nov 3, 2008 5:38am

ysewellam
| Joined Oct 2008 | Status: Trader | 54 Posts

WaterLOO is that Stochastic indicator down on your chart??

#1,687
Nov 3, 2008 5:49am Nov 3, 2008 5:49am

ThinkFX
| Joined Oct 2008 | Status: Trader | 100 Posts

Flamenco,

This weekend I read the book you recomended.

Is amazing, thanks for your recomendation.

#1,688
Nov 3, 2008 5:50am Nov 3, 2008 5:50am

CanuckCT
Joined Oct 2007 | Status: Summer is the best time of year! | 1,284 Posts

Many folks seem to be using something that works for them...a variation of the standard FXPrime. I've been all around this strategy and have been studying the latest moving average setups. There are a lot of moving average setups that work for trend identification and this combination is the FXPrime setup. Interesting for sure...and a nice clean screen.

As for the dots...it simply a heads up that the trend might be changing. I'm watching a lot of charts...when I see the dot I look at the FXPrime setup - the one in the first post, and go from there. I DO NOT trade the dots. It's early warning only. I trade the system on post #1...except for when I don't.

I'll attach the template that I'm using for this week. Next week it will be the moving averages only.

Cheers
CanuckCT

Quoting andycamino

Disliked

Hey CanuckCT,

Great work tonight! Just curious what those small circles are that appear on your chart. This may have already been answered or stated here, but i've had a look through but there are literally thousands of posts and no success.

Any help would be greatly appreciated.

Cheers,
Andy

Ignored

Attached File(s)

!!!fx prime-1min - final (canuckct).tpl 3 KB | 1,027 downloads

TrendEnvelopes_v2.mq4 5 KB | 1,078 downloads

Heiken_Ashi_Smoothed.mq4 4 KB | 792 downloads

DoublecciWoody.mq4 6 KB | 843 downloads

RSI_LDot.mq4 2 KB | 1,016 downloads

#1,689
Nov 3, 2008 6:22am Nov 3, 2008 6:22am

Flamenco143
Joined Apr 2007 | Status: Stupidity is expensive! | 432 Posts

I think some clarity here is called for. First of all - there IS no battle between CD's version and what Konstas recently posted with his revised
Elite SMA system, at least as far as I know.

Both systems are for a 1m (primarily the E/U) scalping strategy. BOTH renditions exhibit exactly the same information, but in a radical different way. The only other notable difference is that Konstas has a different way of taking profits and perhaps exiting.

What one trader prefers will differ from the next trader. It's all subjective folks. It's at this point that we should realize in our learning curve that trading the forex is not an exact science (everything consistantly predictable) to more of an art, where there are no absolutes.

Is one method better than the other? Certainly not. But conversely, what makes one method/system better than the other is which of them to you is most preferred as far as visually and accurately processing the information displayed?

It's all subjective. Either way will be your choice. The important aspect of this thread is that there's a whole bunch of Grade A Prime Beef here. How it's served and what the plate looks like it's served on matters not!

#1,690
Nov 3, 2008 6:39am Nov 3, 2008 6:39am

ranuhook
| Joined Jul 2008 | Status: Trader | 23 Posts

Help Edit this EA
programmer friends in the house and Raygun,

help edit the attached ea. i trade cci on 5min tf. i need the ea to be able to work based on the logic shown below.

presently it just open buy or sell around the zero line not minding the direction of trend. it now makes profit from the swing around the zero line and sometimes big loss. other times it open sell instead of buy and vice versa. (this is because it does not wait to count the 6bars according to cci rules)

the logic i found (meant for MT3) which i want coders to assist and code into the ea is

{==Variable Setup}
Var: vCCI(0);vCCI=CCI(14); {Or 20 as you like.}
Var: LSMA(0);LSMA=LinearRegValue(C,25,0);
Var: EMA34(0);EMA34=Xaverage(C,34)
Var: ExitTrail(0),ExitValue(0),ExitReason("None"); {Used for exit}

{==ZLRs Entry}
If 1=1
and vCCI[1]>=0 and vCCI[2]>0 and vCCI[3]>0 and vCCI[4]>0 and vCCI[5]>0 {6 bars Above Zero}
and Highest(vCCI,5)>=100 {Comes from outside 100s -- Also - no chop mode}
and vCCI[1]<100 {Pulled back inside 100s}
and vCCI>vCCI[1] and vCCI[2]>vCCI[1] {Hook}
and vCCI<130 {Not oversold}
and vCCI-vCCI[1]>5 {Strong V -- Optional, adjust as you wish.}
and C>EMA34 and EMA34>EMA34[1] {Close above rising 34EMA}
and C>LSMA and LSMA>LSMA[1] {Close above rising LSMA}
Then Begin
Buy ("ZLR") This Bar at close;
End;

{==1st Hook Exit}
{You will notice that the trailing routine exits at the ExitValue-.0005}
{You can change the .0005 to a higher or lower value to let your trades breathe.}
{You can also change it to exit AT MARKET if you just want to exit at 1st hook immediately.}
If MarketPosition=1 and vCCI<vCCI[1] Then Begin ExitValue=L; ExitTrail=1; ExitReason="Hook"; End;
If vCCI>vCCI[1] then ExitTrail=0; {Hooked back, Turn off, keep going.}

{==Trailing Routine}
If ExitTrail=1 and MarketPosition=1 then sell ("eXit") next bar at ExitValue-.0005 stop;

by interpretation it means, check the following variables, cci up to 6 bars, lsma above or below 25, ema 34 and exit. it is using zero line reject and hook from extreme of cci.

thank you

Attached File(s)

framework.mq4 4 KB | 587 downloads

#1,691
Nov 3, 2008 6:42am Nov 3, 2008 6:42am

bvincent
| Joined May 2005 | Status: Trader | 90 Posts

Quoting Syahmi

Disliked

Hi Jaya...

Template and indis attached !

http://rapidshare.com/files/160160305/fx-prime5min.tpl.html
http://rapidshare.com/files/160160306/3c_JRSX_H.mq4.html
http://rapidshare.com/files/160160307/3c_Turbo_JRSX_Filtered.mq4.html
http://rapidshare.com/files/160160308/AutoPivotIndicator1.mq4.html
http://rapidshare.com/files/160160309/Bands.mq4.html
http://rapidshare.com/files/160160310/Demark_trend_new.mq4.html
http://rapidshare.com/files/160160311/DynamicRS.mq4.html
p/s : For dynamicRS - parameters are (ShortPeriod-3, LongPeriod-25)

http://rapidshare.com/files/160160312/Pivot_Lines1.mq4.html
http://rapidshare.com/files/160160313/T3_RSI1.mq4.html...

Ignored

The 2nd dose not work on the down load
Barry

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#1,692
Edited 7:01am Nov 3, 2008 6:50am | Edited 7:01am

Flamenco143
Joined Apr 2007 | Status: Stupidity is expensive! | 432 Posts

Don't you read this thread? CD has asked specifically not to post any questions or comments about EA's, and he had specific and justifiable reasons for putting this rule on his thread. Please respect his wishes! Place your questions regarding EA's on a different forum, and it would be appropriate and polite to delete those inquiries here.

Once a cop always a cop. I follow rules and it ticks me off when others don't!

#1,693
Nov 3, 2008 7:04am Nov 3, 2008 7:04am

GarethC
| Joined Apr 2008 | Status: Trader | 26 Posts

Please dont post EA stuff here, this is only for manual trading. -- go here:

http://www.forexfactory.com/showthread.php?p=2321631&posted=1#post2321631

#1,694
Nov 3, 2008 7:31am Nov 3, 2008 7:31am

cce
| Joined Apr 2007 | Status: Trader | 466 Posts

Quoting CanuckCT

Disliked

5 winners - total of 332 pips. Great start for the week and I'm done for the night. It's a great system!
Cheers
CanuckCT

Ignored

Canuck,
Thanks for sharing your setups. Very easy to read your charts as well.
Nice job on the trades.
CCE

I get exercise just pushing my luck

#1,695
Nov 3, 2008 7:33am Nov 3, 2008 7:33am

ranuhook
| Joined Jul 2008 | Status: Trader | 23 Posts

Quoting GarethC

Disliked

Please dont post EA stuff here, this is only for manual trading. -- go here:

http://www.forexfactory.com/showthread.php?p=2321631&posted=1#post2321631

Ignored

Thanks a lot for showing me where. Mr. cops, you better put aside that cops toga. lol i know poeple like you will show me the way. thanks again.

#1,696
Nov 3, 2008 8:06am Nov 3, 2008 8:06am

CanuckCT
Joined Oct 2007 | Status: Summer is the best time of year! | 1,284 Posts

Hey CCE,
I can't read some of the charts that get posted here...but whatever works. I think where I'm heading with the setup is a chart with the moving averages, CCI and RSI...with the dots for a heads up, and eventually wean myself off the CCI. Then just moving averages and RSI. That's a clean setup. See attached chart.
Cheers
CanuckCT