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Powerful 1 Min Scalping System (Fx Prime)

  • #1,801
  • Nov 4, 2008 8:38am Nov 4, 2008 8:38am
Quoting behof
Hi Folks !

And here is another snapshot of GBP/USD 1min chart
And the pip collection goes on.....

Yes you have periods of flat movement ..

But the major trends in 1min time frame give me always a
positive balance at the end of t6he trading day

Greetings

Bernhard
Bernhard
This looks really close to the trend.
Are these the setting and is this the inticator?
Attached Image
Attached File(s)
File Type: mq4 T3_RSI.mq4   2 KB | 1,228 downloads
  • #1,802
  • Nov 4, 2008 8:40am Nov 4, 2008 8:40am
Hi CD. I just wanted to add my voice to the praising choir for this system you're sharing. I'm still on page 62 of the thread, so I still have some more to digest, but using the basics I managed to get 3 profitable trades today for a total of 69 pips. Maybe it's an easy day, but it still feels good for a newbie. Thank you.
  • #1,803
  • Nov 4, 2008 8:44am Nov 4, 2008 8:44am
Great Job Alright...its nice to see u making those pips as this is a really simple system by CD..and you will find alot of more threads having different indicators and stuff but trust me just stick to the basic rules and u will do fine
  • #1,804
  • Nov 4, 2008 9:44am Nov 4, 2008 9:44am
Hi Folks !

I've optimized CD's system a little bit
At the moment I'm testing it on my live account with
mini lots.

The results are very nice and I will inform you in detail if
the ship is ready.

Before releasing it here I will send it to CD for review.

So have alittle patience...

Greetings and happy pippin

Bernhard
  • #1,805
  • Nov 4, 2008 10:33am Nov 4, 2008 10:33am
Quoting behof
Hi Folks !

I've optimized CD's system a little bit
At the moment I'm testing it on my live account with
mini lots.

Bernhard
The cat's out of the bag. Someone just emailed me your new 'optimized' system. Please take a year or two and be clear when you explain it to us!

(It's a joke folks! Don't take me serious!)
Attached Image (click to enlarge)
Click to Enlarge Name: current chart.gif Size: 62 KB
  • #1,806
  • Nov 4, 2008 10:38am Nov 4, 2008 10:38am
Quoting Flamenco143
The cat's out of the bag. Someone just emailed me your new 'optimized' system. Please take a year or two and be clear when you explain it to us!

(It's a joke folks! Don't take me serious!)

I think you figured out my new filter LOL priceless!
  • #1,807
  • Nov 4, 2008 10:53am Nov 4, 2008 10:53am
Quoting Flamenco143
The cat's out of the bag. Someone just emailed me your new 'optimized' system. Please take a year or two and be clear when you explain it to us!

(It's a joke folks! Don't take me serious!)
Way Too Funny. Thanks for the laugh.
CCE
I get exercise just pushing my luck
  • #1,808
  • Nov 4, 2008 11:14am Nov 4, 2008 11:14am
Just curious, if you close metatrader, and try to reload the chart...how long does it take?

  • #1,809
  • Nov 4, 2008 11:17am Nov 4, 2008 11:17am
Quoting ysewellam
Great Job Alright...its nice to see u making those pips as this is a really simple system by CD..and you will find alot of more threads having different indicators and stuff but trust me just stick to the basic rules and u will do fine
Exactly. The basic rules are there to stack the odds in your favor. If you had a 1-1 Risk reward ratio and only took trades when the trend has changed and everything lines up in your favor with this system you will come out consistently profitable.

If you make mistakes you could turn a good system into an unprofitable one in no time. Mistakes are things like not following the rules, being too impatient to wait till the odds are in your favor (all signals line up), having a stop loss that's so tight it decreases your odds because it's not outside of the normal volatility, being "mental" . They key to a profitable system is the trader that's pulling the trigger. Adopt the sniper mentality - 1 shot, 1 kill. Those guys wait for days on end for the perfect shot when everything lines up. The market isn't going anywhere. If you only make 10 trades in a month, and 5 of them are profitable, but you win double you lose. Risking 1% a trade, that's 5% a month. Risk more, make more, but once you get to a high risk threshold you have a chance of having a bad losing streak and blowing your account. Dont be a Cowboy
FX Specialist
  • #1,810
  • Nov 4, 2008 11:20am Nov 4, 2008 11:20am
Hi Folks !

Attached you will find a snapshot of USD/CAD Pair in Multi time frame.
I'm watching the 4h / 15min / 5min.

The 4h gives me the overall trend => SHORT !!

So I take trades only on the short side ....

Scalping the 1min is nice but very stressful
because I lose control of the pips....

Greetings

Bernhard
Attached Image (click to enlarge)
Click to Enlarge Name: usd_cad.gif Size: 83 KB
  • #1,811
  • Nov 4, 2008 11:24am Nov 4, 2008 11:24am
Yep, really great system. I`ve been following it already from the beggining, and just because of lack of time I haven`t been enormously successful.
But what I wanted to say is that I`ve been watching all those post all around but it seems that most of traders doesn`t use the system as it is at the beginning, I mean indicators are the same, but entry points are more before all that lines together. Am I right? Just I am curious. Everyone has become more aggresive in trading or is it just my wrong observation?

Thnx CD for showing this strategy!
  • #1,812
  • Nov 4, 2008 11:49am Nov 4, 2008 11:49am
http://www.forexfactory.com/nfs/cust...atar6298_1.gif (http://www.forexfactory.com/member.php?u=6298) behof (http://www.forexfactory.com/member.php?u=6298),

If you don't mind, please tell us what moving average you are using on Heiken Ashi bars on the image in your last post.

Thank You
  • #1,813
  • Nov 4, 2008 11:55am Nov 4, 2008 11:55am
Hi Folks !

As you have seen I've posted some charts with actual snapshots of
different currency pairs.

I fitted CD's very successful basic system to my needs and showed you,
how I'm using it.

That doesn't mean that you guys and gals should follow it ...

Please concentrate on CD's simple system as shown here and get
familiar with this business.

Giving a template or posting winning trades doesn't help anyone here !!

I can give you a formula one race car but you can't drive as fast as
Michael Schumacher or Lewis Hamilton

It took a longer time to get a hang of it and its important for the new
traders to get a feeling for the market.

CD's system is well thought out and trading with it you are able to
make a living...

Don't give up hope and follow your dreams !!

Greetings

Bernhard
  • #1,814
  • Edited 12:18pm Nov 4, 2008 12:17pm | Edited 12:18pm
[quote=Flamenco143;2325848]The cat's out of the bag. Someone just emailed me your new 'optimized' system. Please take a year or two and be clear when you explain it to us!

Jeez, I sure wish you hadn't posted my chart w/ indi's. Simple is good, hey. Seriously, I've been trading a small live acct for 1 week with really good results so I know the stuff posted in the first few entries (page 1) by CD work. Currently up about 35%. Not as good as some have done, but better than a lot of systems I've tried.
Hej.
  • #1,815
  • Nov 4, 2008 12:22pm Nov 4, 2008 12:22pm
Hi Bernhard,

for those of us who would still like to incorporate your findings, Could you pls share the settings ure using on the T3 pls. Are they different on different timescales.

Thanks
Pardy




Quoting behof
Hi Folks !

As you have seen I've posted some charts with actual snapshots of
different currency pairs.

I fitted CD's very successful basic system to my needs and showed you,
how I'm using it.

That doesn't mean that you guys and gals should follow it ...

Please concentrate on CD's simple system as shown here and get
familiar with this business.

Giving a template or posting winning trades doesn't help anyone here !!

I can give you a formula one race car but you can't drive as fast as
Michael Schumacher or Lewis Hamilton

It took a longer time to get a hang of it and its important for the new
traders to get a feeling for the market.

CD's system is well thought out and trading...
  • #1,816
  • Nov 4, 2008 12:26pm Nov 4, 2008 12:26pm
@behof: I think i'll get besser results when i overlay T RSI 34 and T RSI 8. Look how it filtered the false sellsignal in the middle.
Attached Image (click to enlarge)
Click to Enlarge Name: ts.gif Size: 24 KB
  • #1,817
  • Nov 4, 2008 1:02pm Nov 4, 2008 1:02pm
Hey Konstas,

Got a question about your "Elite" system. How do you filter out false signals?

D.
  • #1,818
  • Nov 4, 2008 2:03pm Nov 4, 2008 2:03pm
Quoting bvincent
Try this inticator
Hello Vincent,

I have tried your EMA crossover alarm signal indicator. But there is a problem with this indicator :Once EMA 3 has crossed EMA 34, it effectively gives the sound alarm. Hoever it keeps on giving the sound alart again and again at the close of each 1 min candle. Good to become crasy.
Is ti possible to modify this indicator so that it sounds the alarm only once at crossover.

Maybe somebody else in this forun has already developed an indicator that sounds the alarm only once per crossover. Will appreciate help.

Thanks
  • #1,819
  • Nov 4, 2008 2:48pm Nov 4, 2008 2:48pm
Quoting MCFly
@behof: I think i'll get besser results when i overlay T RSI 34 and T RSI 8. Look how it filtered the false sellsignal in the middle.
How come the RSI's on your chart are so smooth? My RSI 8 on my chart is just a huge choppy mess.

Also was wondering why my cci 34 always seems to pass through the zero line before the ccit 170. Per the rules I need the 170 to pass 1st. I"m using the template and indicators from page one.

Thx,
Todd
  • #1,820
  • Nov 4, 2008 5:22pm Nov 4, 2008 5:22pm
Quoting todd960960
How come the RSI's on your chart are so smooth? My RSI 8 on my chart is just a huge choppy mess.

Also was wondering why my cci 34 always seems to pass through the zero line before the ccit 170. Per the rules I need the 170 to pass 1st. I\"m using the template and indicators from page one.

Thx,
Todd
Hey Todd,

The smooth RSI you see on McFly's chart is a T3 RSI with a setting of 34... as far as i can see... obviously this will always be alot smoother than a standard RSI set to 8 - which is a lot more responsive, and therefore much more choppy more often than not. Someone posted the T3 RSI above if you want to have a play with it.

Cheers
MM
"If it bleeds ... we can kill it"
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