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Powerful 1 Min Scalping System (Fx Prime)

  • #2,561
  • Nov 22, 2008 4:31pm Nov 22, 2008 4:31pm
Quoting redpine
I don't doubt that you all are making a lot of pips here. Do you take every entry signal and exit when the 34 CCI crosses back over the zero line?

Dan

No I don't take every 34 cross and I have never held a trade until 34 crosses back.
  • #2,562
  • Nov 22, 2008 4:39pm Nov 22, 2008 4:39pm
How easy is this to follow.I have overlaid a MTF 15 minute signal to show the strength of the move and where its at in relation to direction. Works well.
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  • #2,563
  • Nov 22, 2008 4:46pm Nov 22, 2008 4:46pm
Ok Now that we are hopefully through with Multisunc352 lets get back to trading when the market opens and stick with fxprime and help each other and ignore these negative members that come in here.
So how did all you traders do last week. There was some great trading, especialy Friday afternoon after the announcement that Oboma announced Geithner to succeed Paulson. Nice ralley we had.
Well good luck to you all next week, keep positive and make some pips.
It Is Not The Exit That Concerns Me, As It Is The Re-Entry
  • #2,564
  • Nov 22, 2008 4:56pm Nov 22, 2008 4:56pm
Quoting oztrader
How easy is this to follow.I have overlaid a MTF 15 minute signal to show the strength of the move and where its at in relation to direction. Works well.

Humm something to look at, I use to trade a stack of mtf cci's and did ok with it. I'll play with this a little myself
  • #2,565
  • Nov 22, 2008 4:59pm Nov 22, 2008 4:59pm
sorry not clear,overlaid mtf 15 minute stochastic
  • #2,566
  • Nov 22, 2008 8:24pm Nov 22, 2008 8:24pm
Quoting f4mnect
No I don't take every 34 cross and I have never held a trade until 34 crosses back.
What are your rules for exiting these trades, if you don't mind me asking? The exit is always my problem, I have plenty of good entries, just no good exit rules.

Dan
.
  • #2,567
  • Nov 22, 2008 8:37pm Nov 22, 2008 8:37pm
Quoting kinonen
histo green = RSI8 is > 55
histo crimson = RSI8 is <45
histo Yellow = 45<RSI8<55

when HK changes you see Line Blue crossing Zeroline before the other lightblue line UP then go LONG

for Shorts Histo Crimson and you wait Line Blue crossing Zeroline before the other lightblue line down

Yellow is range

kinonen

Fighting my way thru this thread, SUPER interesting.

I like your setup and added it to my chart.

Thank you.
  • #2,568
  • Nov 22, 2008 8:57pm Nov 22, 2008 8:57pm
Hello everybody, I've got a question about what time to trade. In the past I've always avoided big news days like NFP and Holidays. I've read on babypips.com, through their education to not trade on Sunday or Friday EVER! Now I don't know how much validity this carries but I'd like to hear from some real traders.

Do you trade every night during the Asian, London, and US sessions? Should I just stick to my old rules about not trading on big news days and holidays? I'd really like to get some insight on this. If you could please let me know the exact times you "Open Shop" and "Close Shop". Thanks for your help everyone, good luck pip'n
  • #2,569
  • Nov 23, 2008 1:00am Nov 23, 2008 1:00am
This is only to look at to see the difference time frames and how CCI goes with the price
The bottom line in each box is the one minute line, the next is 5 minute and the next is 15 minute and the last is 30 minute line.
As you see if they all change color at almost the same time it is a good trade and if the 2 Heiken ashi are the same color it is even better.
I got these ideas from the members of this group. Theindicator from kinonen, thanks kinonen.
I am sending a template and the indicators if any one would like to try it out when the trading start next week.
Barry
Attached Image (click to enlarge)
Click to Enlarge Name: snap0179.jpg Size: 304 KB
Attached File(s)
File Type: tpl barry's test.tpl   9 KB | 572 downloads
File Type: zip ForexFreedomBars Test Idea.zip   15 KB | 672 downloads
  • #2,570
  • Nov 23, 2008 4:00am Nov 23, 2008 4:00am
Quoting bvincent
This is only to look at to see the difference time frames and how CCI goes with the price
The bottom line in each box is the one minute line, the next is 5 minute and the next is 15 minute and the last is 30 minute line.
As you see if they all change color at almost the same time it is a good trade and if the 2 Heiken ashi are the same color it is even better.
[font=Times New Roman][size=3]I got these ideas from the...
Barry

Be wary of MTF bars, they repaint by definition. A strong move during the final minute of a 30M bar can cause the repainting of the previous 29 bars on the 30M line. Looking back at a chart always makes the trading look very simple and extremely profitable, but you absolutely must forward test this, back testing is useless unless you use a trading simulator to show you the colour of the bars as they would have been in realtime

Andy
  • #2,571
  • Nov 23, 2008 4:18am Nov 23, 2008 4:18am
Good trading everyone!! This is my first post in this thread. I am a 2 years old forex trader, I have been trading with fxprime system for last 3 weeks with my micro account. I managed a 83% success rate, awesome!!!!! Thats why I think I owe it to CD to contribute to this thread.

I do have my own system on higher time frames to make sure the direction, fxprime gives me the entry price to scalpe 10-20 pips/trade. I dont set SL, as I look at the PA ( price action ) to determine to stay or take a lost. Remember! Fxprime is a scalping system, looking at 1m n 5m actions, I banked profit anything above 10 pips. 3-5 winning trades will do me as my daily target is only 50 pips ( with my standard account of course )

I am not sure if CD minds if I call out my future trades using his system, as I dont see many trade calls here. I do understand this is not a trade calls thread. Thank you again CD
  • #2,572
  • Nov 23, 2008 4:23am Nov 23, 2008 4:23am
Quoting MultiSync352
To me, this thread is looking like blablabla....blablabla....
This is not thread, this is kinder garden, you are bunch of idiots.
You are talking about scalping but you don't know how scalping is looking.
I showed you my screen pictures, that is scalping.
Please bann me. Thanks.

everytime i reade about "scalper_champ" it is as reading about a ghost. I think this doesnt even exists. If you can post a good strategy or EA do it.
Dont post screenshoots as we all can post fak screenshoots to "prove" a system that does not work/exist.
  • #2,573
  • Nov 23, 2008 4:25am Nov 23, 2008 4:25am
I think this is a brilliant system and I've spotted many profitable trades by just useing the basics.Mmy only problem is a technical one. I dont know how to incorporate the indicators such as the Double woody into the MT4. Can anyone help.

Thanks
  • #2,574
  • Edited 5:56am Nov 23, 2008 4:41am | Edited 5:56am
Will be posting some results of my trades starting tomorrow should I get any signals. Only demo at this stage.
  • #2,575
  • Nov 23, 2008 7:32am Nov 23, 2008 7:32am
Quoting f4mnect
No I don't take every 34 cross and I have never held a trade until 34 crosses back.
Hi F4MNECT

Quick query - would you be able to post a few pics of trades where you have used the stoch to reenter trades - i still dont get how and when you reenter by using your stoch indi) - the bounces on the other hand work amazingly well.

Also how do you trade CD 's system in a ranging market - can you shed some light or some trade pics- i got heavily burnt but did very well during ranging market.

Alternatively do you use a indi to help you stay out of a ranging market!

Thanks

Anoop
  • #2,576
  • Nov 23, 2008 8:59am Nov 23, 2008 8:59am
Quoting Weebwig
I dont know how to incorporate the indicators such as the Double woody into the MT4. Can anyone help.

Thanks
Yes, thou this isn't the place for such a generic question...open mt4 folder, put template into template folder (I think u have done this alrready). Open mt4 folder,open experts, open indicators and put all indicators in there. Restart mt4.

Steve
  • #2,577
  • Nov 23, 2008 9:14am Nov 23, 2008 9:14am
Quoting Weebwig
I think this is a brilliant system and I've spotted many profitable trades by just useing the basics.Mmy only problem is a technical one. I dont know how to incorporate the indicators such as the Double woody into the MT4. Can anyone help.

Thanks
How to put a Indicator in a chart.
Go to my computer.
Find your Metatrader program.
Click Double click on it.
You will see list of folders.
The 3rd is experts folder.
Double click on it.
Now you see the 3rd folder is indicators folder.
Remember where the indicators folder is.
Now go to the web page and click on the indicator that you want.
You now have a box with indicator you want.
Choose save.
Now in Save in Box go to where you remember where the indicator file folder was and double click on it.
You now the indicator file in the save box.
Now click on save
Now close the web page.
Go to your platform and close and then restart.
You now have the indicator in the Navigators Custom Indicators.
Now left click on the indicator you want drag to the chart.
You are done.
  • #2,578
  • Nov 23, 2008 9:27am Nov 23, 2008 9:27am
Quoting Andy B
Barry

Be wary of MTF bars, they repaint by definition. A strong move during the final minute of a 30M bar can cause the repainting of the previous 29 bars on the 30M line. Looking back at a chart always makes the trading look very simple and extremely profitable, but you absolutely must forward test this, back testing is useless unless you use a trading simulator to show you the colour of the bars as they would have been in realtime

Andy
Thanks for the heads up on the repainting. I see that this idea is really a test idea.
Barry
  • #2,579
  • Nov 23, 2008 10:52am Nov 23, 2008 10:52am
Here's just a quick post. just woke up so 1/2 brain dead. but after would have got in on 1st cross. here's where I was jumping back in and taking pips with the trend. CCi trend was showing strength over 100 line and not falling against the trade, 34 either was recrossing or showing strength. stoch for timing on entry
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  • #2,580
  • Nov 23, 2008 11:36am Nov 23, 2008 11:36am
Here's another way I have been managing trades. I'm always watching the size of the previous moves. If there bouncing 10 to 15 pips a pop, I'm taking 10 pips a pop. But if after entering a trade it starts moving well. I'll lock in Break even 1st, then if the trade moves pretty good past 10 pips, I'll lock in my 10 pips and move stop from the base of each Heiken Ashi candle and just follow the move until i'm takin out. 1 bar at a time. Each red line on chart is a step that I would take with my stop lose. following the trade until I was takin out. just a way I'm trying to follow moves.
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