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

  •  emda
  • | Joined Apr 2007 | Status: RCMM (Risk Analysis Money Manager) | 2,556 Posts
How much time have you been trading CD? LOL this kind of posts of converting 10K to millions in 1 year are only made by someone that is starting in forex
or maybe you are one of those 1% who are successful in trading because that simple reason of not overtrading and stick to a plan... The good thing is that it is true that you can make it... the bad thing is that not to overtrade is the most difficult part of trading. Everybody is smart enough to be able to see signals in their indicators... it doesn't matter the system to follow... But not everybody is good enough to understand not to overtrade. You made a very important good post. Thanks.
This is nothing but i am repeating what i have learned from CD( Many thanks to CD).
I request a strong analysis of this trade.

Entry: Long at 1.2858
1. Trend CCI was in buy mode. Ie above 0
2. CCI 34 crossed up o in the direction of Trend CCI.

Exit:
1.Make exit only when CCI 34 crosses back 0.
2. But i made exit early at 1.2898 As per my daily target.

Note my daily target of 40 pips was met so i exited as per my daily target, else I would have exited as per CCI 34.
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It seems a very good entry and was, but 5min trend was red yet. Congrats.
Toonsmania:

nice trade there my friend. Very well done Wish you many many more pips.
Took my 1st trade today, +25 pips on EU, was close to a breakout zone but market needed NY to open in my opinion so it didn't have enough strength to take it far. No problem, plenty more trades coming.

Thanks to CD for the nice system
Quoting Canadian_Dude

"12 pips can turn 10,000$ Into 2 900 000$"


Ok I haven't added any value in here for a little while so I am going to add TONS of value with this post.

This post could be worth thousands after thousands of dollars if you GET it.

First let me ask you a very simple question? WHAT is easier

1. Trade for 10 hours a day and hope to get 100 pips?
2. Trade for 3 hours a day and hope to get 12 pips?

What seems harder to do?

#1 is for sure harder to do....

Why? Well the more you trade the more you use emotion, the more emotion the worst your trading gets, the more hours in front of your pc looking for fx prime signals...

I made a excel file, where I put the projection for two years daily, and then the real. Alpari, accepts on automatic NON DEALING DESK trading until 50 Lots, so I put as maximum Lot size 46.
This file help you control the strategy day by day. You get 2.000.000 in 2 year.
Attached File
File Type: xls 2Million y 2 Year.xls   382 KB | 1 download
I feel really silly but forget the coloring of the CCI's. Could someone please remind me please
If you can bend in the wind you can ride the storm.
Well, I'm a very newbie in forex and fxprime seems to be the very first system that works for me, or maybe the only one I've ever really learned though.

I've told myself several times that I wanted to be trading for living, thus the need to have a specific rule and consistent results are mandatory for my goal

for that I've started a journal, one of the many things I started since a few months ago to support my hobby and future job as an fx trader.

but then this man came along, that says that right now he can tell that I won't be a pro trader by using the fxprime system, I can tell by his history of posts that this man really detest anything close to an intraday system, especially scalping methods.

now would you guys consider, like in a year or so, you'll still be using the fxprime system? after all, I believe that fxprime works, and it does, at least for now, and for some of you here, like flamenco, has returned a great deal from it. I'm a newbie in fx trading and my mediocre thoughts about this business might be easily cornered in the present of an experienced trader, so I decided to ask my fellow scalpers here. Would you still be using fxprime and devote yourself to the plan of not overtrading, making your $10K fruit into $1Million in a year?

Thank you.
I spent all weekend reading and re-reading and re-reading about this system. It looks very promissing.

I've attached this AM using the FXPRIME2 ea (thanks RR)
here is my set file settings
Remark1=== Main Settings ==
MagicNumber=1
SignalsOnly=0
Alerts=1
SignalMail=0
PlaySounds=1
UseTimes=1
HourStart=0
HourEnd=24
EachTickMode=1
Lots=0.10000000
MoneyManagement=1
Risk=0
Slippage=5
UseStopLoss=1
StopLoss=39
UseTakeProfit=1
TakeProfit=60
UseTrailingStop=1
TrailingStop=39
MoveStopOnce=1
MoveStopWhenPrice=50
MoveStopTo=1
Remark3=
Remark2=== Heiken Ashi Smoothed Settings ==
TimeFrame=1
MaMetod=2
MaPeriod=6
MaMetod2=3
MaPeriod2=2
Remark4=
Remark5=== Exit Settings ==
HeikenAshiExit=0
CCI34Exit=1
CCI170Exit=0
Remark6===Entry Settings ==
CCI34Entry=1
CCI170Entry=1
HAEntry=1
RSIEntry=1
RSIEntryLong=55
RSIEntryShort=45

I edited the EA according to an earlier post. I'm still tweeking it.
I also jumped out and manualy changed a few sl and tp

Thanks CD for a great system looking forward to more exchange of knowledge
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Quoting Eiman
Hi CD,


Thanks for the money managment advise. Really motivating. Sorry for asking -newbie- what is "stake" as stated in the PDF? Lot's is it? Or mini lots maybe?

Obviously mini lots as 1 pip equals 1$ --> 20 mini lots * 12 pips = 240$
What Are The Settings For Cci 170-?-? And 34-?-? Thanxs.
Very few people will have the patience and determination to convert $10,000 to millions on 10 to 12 pips a day. Very few. Hell, run the math for 5 years and you will be a gazillionaire. To think it's easy to earn that kind of money is foolhardy.

I can say this having blown up a couple of accounts and having paid my dues. I still and will always have losing trades....but now they are smaller....I don't let them run away thinking they will come back. People have to learn how to overcome this. And I don't try to guess what price will do. Too much of that going on in the chat room.

I for one am not interested in 10-12 pips a day. I'd much rather wait for good quality setups and then let them run a bit further than 12 pips.

Here is an example of the trades I look for...currently +150ish and ready to close. Study the charts for trades that run a long way....what is it that makes a good entry and what makes a poor entry. What might you look at to see if a trade will run for a while in your favor? How do you change your mindset to allow a trade to run this long and where do you strategically place your stops along the way.

Like some of the others, I won't be posting for a while but will lurk and comment on something that is new. This method is simple enough and there is plenty of information here already...really nothing more needs to be added for M1. I think I'll just trade it for a while.

What would be great is for someone to explore a daily or H4 approach using similar indicators. That would be interesting...many of you will know about the success of the ozfx method...simple indicators used to make daily trades. FXprime has potential for a good end of day system if someone would like to take up that challenge. That would be interesting for sure.

But there is nothing more to say about trading fxprime on M1...at least not for me.

Cheers and happy pipping.
CanuckCT

Quoting emda
How much time have you been trading CD? LOL this kind of posts of converting 10K to millions in 1 year are only made by someone that is starting in forex
or maybe you are one of those 1% who are successful in trading because that simple reason of not overtrading and stick to a plan... The good thing is that it is true that you can make it... the bad thing is that not to overtrade is the most difficult part of trading. Everybody is smart enough to be able to see signals in their indicators... it doesn't matter the system to follow... But not everybody is good enough to understand not to overtrade. You made a very important good post. Thanks.
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Quoting CanuckCT
Very few people will have the patience and determination to convert $10,000 to millions on 10 to 12 pips a day. Very few. Hell, run the math for 5 years and you will be a gazillionaire. To think it's easy to earn that kind of money is foolhardy.

I can say this having blown up a couple of accounts and having paid my dues. I still and will always have losing trades....but now they are smaller....I don't let them run away thinking they will come back. People have to learn how to overcome this. And I don't try to guess what price will do. Too much of that going on in the chat room.

I for one am not interested in 10-12 pips a day. I'd much rather wait for good quality setups and then let them...
Absolutely agree with all of the above. Nice one.

Now, how do you overlay the second heiken ashi indicator to mirror the 5min? (i'm assuming thats what you've done). I've been trying to figure out how to do this since seeing one of your posts a while back ... im guessing you just change the settings from default?

Thanks mate.
"If it bleeds ... we can kill it"
Take the heiken ashi indicator and use 2,30,3,2 for the settings. I don't think it's a perfect match for M5....but close enough.
Cheers
CanuckCT

Quoting MMDealer
Absolutely agree with all of the above. Nice one.

Now, how do you overlay the second heiken ashi indicator to mirror the 5min? (i'm assuming thats what you've done). I've been trying to figure out how to do this since seeing one of your posts a while back ... im guessing you just change the settings from default?

Thanks mate.
Quoting CanuckCT
Take the heiken ashi indicator and use 2,30,3,2 for the settings. I don't think it's a perfect match for M5....but close enough.
Cheers
CanuckCT
Thanks much from me as well. Been driving me insane researching this adaptation of HAS candles.
CCE
I get exercise just pushing my luck
Quoting CanuckCT
Very few people will have the patience and determination to convert $10,000 to millions on 10 to 12 pips a day. Very few. Hell, run the math for 5 years and you will be a gazillionaire. To think it's easy to earn that kind of money is foolhardy.

I can say this having blown up a couple of accounts and having paid my dues. I still and will always have losing trades....but now they are smaller....I don't let them run away thinking they will come back. People have to learn how to overcome this. And I don't try to guess what price will do. Too much of that going on in the chat room.

I for one am not interested in 10-12 pips a day. I'd much rather wait for good quality setups and then let them...
This post of yours has actually answered my question, thanks canuckct
Quoting CanuckCT
Take the heiken ashi indicator and use 2,30,3,2 for the settings. I don't think it's a perfect match for M5....but close enough.
Cheers
CanuckCT
Cool... i tried playing with that and noticed that when i change the last setting to 12/14 its a closer match... but hey... not really sure.

Thanks... will start using this i think.
"If it bleeds ... we can kill it"
Hi CD!
I try to read all of the replys on this forum, but I started more than 10 days and it is too much to read all.

I would like to tell you my strategy, if you don't mind (or my simple method mixed with your):
I use only MA.
200SMA (likeCCI170), 40EMA (like34CCI), 21 EMA and 10 EMA (likeRSI 55-45).
When the pice is out from the MA-s (the 60% body of the candle), I trade. Sometimes if I'm not sure, I wait pullback. Exit when the price cross the EMA40 (60%).
I watch M1-5-15, H1,Daily timeframe, s/r, pivots,etc. on two 22" monitors.

I trade 10 years ago on stocks, but only 1 year on forex. I try everything (EVERYTHING) what I found in this year(indicators, strategies,signals). But the end I realised, the best indicator is my mind-my eyes.

Thank you, you share your strategy (and the Trading Room!!!), because here find out this "MA strategy". I really like the CCI and RSI, but the MAs much more easy for me.
Sorry for my poor English.

Peter Fx
(alias Attila-Hungary in Trading Room)
Thanks again!
Boy, CD. You sparked a whole discussion on how much money people can make by investing 12 pips only. That all looks very good but you have to pay attention to the fact that some people get overwhelmed and might make mistakes. Like Konstas stated in some comments before. Don't get to excited and trade like you feel more comfortable. Forex can make you lots of money, but it also can destroy you financially if you don't know what you are doing. Believe me have some experiences on that. The most important thing that I learned is to never ever trade with your guts and let your feelings out of the trading game. Feelings, hintshes or other emotions can and will ruine you in the end. Trust the indicators. If the indiocators are not right or lining up than DON"T TRADE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! and most important of all,


FOLLOW THE RULES

D.
Quoting DirkH143
Boy, CD. You sparked a whole discussion on how much money people can make by investing 12 pips only. That all looks very good but you have to pay attention to the fact that some people get overwhelmed and might make mistakes. Like Konstas stated in some comments before. Don't get to excited and trade like you feel more comfortable. Forex can make you lots of money, but it also can destroy you financially if you don't know what you are doing. Believe me have some experiences on that. The most important thing that I learned is to never ever trade with your guts and let your feelings out of the trading game. Feelings, hintshes or other emotions can and will ruine you in the end. Trust the indicators....

SOMEONE READ TRADING IN THE ZONE!
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