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Powerful 1 Min Scalping System (Fx Prime)

  • #2,621
  • Nov 24, 2008 2:30am Nov 24, 2008 2:30am
Quoting lloydy
F4mnect

Is this the 'leaving the nest' play that has been referred to earlier in the thread.

Apologies if I have misunderstood but it looks like it - the 34 leaves the nest and returns into the 170 and the 170 is still showing plent of color (around -100 for shorts and +100 for longs). RSI confirms the play.

Lloydy

Don't remember that term leaving the nest, but I like the re-crosses of the entry cci in the direction of the trend cci if 34/55 ma's are in agreement
  • #2,622
  • Nov 24, 2008 2:36am Nov 24, 2008 2:36am
only support/resistance im watching is the 34/55 ma and daily open, pretty good support/resistance
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  • #2,623
  • Nov 24, 2008 2:56am Nov 24, 2008 2:56am
lol i'll stop posting on the daily open/34/55 ...last 1. But look as support becomes resistance
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  • #2,624
  • Nov 24, 2008 4:04am Nov 24, 2008 4:04am
F4mnect

I get you.

The CCI retraces back into the 170 after the prices bounces off the 34 & 55 MA's.

Thanks for this I'll search for them.

Regards
Lloydy
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  • #2,625
  • Edited 5:39am Nov 24, 2008 5:18am | Edited 5:39am
You guys are so on my page I had to make a post.

First off props to CD, this method is so close to mine and although I'm not 100% Canadian I did grow up in Vancouver, so similarities all round.

I have combined my method and CD's and have the template below. I attach a zip with my templates, indicators and scripts for anyone to use if they like.

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01-Nov.-24-12.49.gif Size: 38 KB


Never underestimate the power of bull candle eating bear candle (or vice versa) as a confirmation to your trade and great place for your stop loss, this confirmation signal usually comes before the RSI. This pic is from this morning on the e/j, I also took a similar setup on the g/u.

Basically I have made the uselsss areas of RSI grey so we do ont see them and use the 13 period. My cci is 144 and 34 period. The magenta line is a triple stoch as close to the M15 stoch I could get without it being an mtf repainter. I use the 21SMA instead of the HA and the 55SMA to resemble M5 action. I also have news and other extras but they are not needed, just additional things that sometimes help with how long to stay in and/or if we should take a secondary entry.

Attached File(s)
File Type: zip FinalFX.zip   287 KB | 1,613 downloads


If you want to stay safe and take less trades, only take the 1st instance of the 34 crossing zero while the 144 is already above. The magenta line should have crossed 50 in your direction and everything else is self-explanatory.

There is 1 template with alerts and 1 without and I usually take the 1st PROPER setup after 08 gmt and then the same again after 14 gmt. I trade e/j and g/u and it makes more then enough for this to be my only form of income.

Good trading to you all.

Oh yeah, my final notes would be about some of the negative crap I read on some of this threads pages.

1. This system works if you follow the rules
2. If you have nothing nice to say or anything to add then why waste your time typing it out.
3. If your bitter because you lost money (which may explain #2) then either work harder on your method or get a normal job and forget about forex, its not for everyone

Once again,
Good trading to you all.


FORGOT TO MENTION.
Anyone using my template please be aware that any indicator with time settings of any kind are for +2gmt so you will need to adjust accordingly. i.e SDX-Pivots and the breakout zones, both adjustable when you check the indi properties
  • #2,626
  • Nov 24, 2008 6:30am Nov 24, 2008 6:30am
F4mnect

I've gone back in the thread and read about using the 34 and 55 MA's as reversal points (bouncing) in conjunction with the 34 crossing into the 170 and I have to say - thanks.

I don't know how I missed it having read the thread at least 3 times.

I can see how this is your bread and butter and they are all over the place - when the 34/55 lines are in tandem and showing a definate trend they are powerfull.

This is looking like something that I can understand and work with and the RSI arrow and alert gets your attention to the move also.

Good stuff - one again thanks mate.
Lloydy
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  • #2,627
  • Nov 24, 2008 7:37am Nov 24, 2008 7:37am
Thanks for the reply. Actually what I am asking is why are we using 170 and 30? and why CD posted the woodie cci with 14 and 6 ?
In my charts sometimes seems that the standard woodie cci is working more accurately than doublecciwoodie.

Thanks,

o.


Quoting bvincent
Right click on Doublecciwooky indicator and the properties box will pop up and change to look like the picture.
  • #2,628
  • Nov 24, 2008 9:04am Nov 24, 2008 9:04am
Hello F4mnect,

Would you mind posting your template with the 34/55 EMAs? This would really help me.

Thank you very much.

jicssbr
  • #2,629
  • Nov 24, 2008 10:02am Nov 24, 2008 10:02am
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...
This will never work because of the repainting. Attacted are 2 pictures the first was running for 12 hours and the 2nd refreshed, as you can see this will never work.
Barry
Attached Images
  • #2,630
  • Nov 24, 2008 10:13am Nov 24, 2008 10:13am
Hello,

2 questions:

1. Are the 34 & 55 MAs simple or exponential?

2. Does anyone know of an EA or Script that will automatically set a TakeProfit and/or StopLoss immediately after a trade has been entered manually?

Thanks in advance!

Great Thread. Everyone's contributions has made me a better trader!
  • #2,631
  • Nov 24, 2008 10:58am Nov 24, 2008 10:58am
Quoting oblo
Thanks for the reply. Actually what I am asking is why are we using 170 and 30?

Thanks,

o.
This interests me too. Like some other I've messed with timings of double cci a bit and am happier with 84/12. The 170 was a bit slow to react to genuine trend changes and 34 too many false crosses.

Why do we have 170/34 as a hard rule for fxprime?

steve
  • #2,632
  • Nov 24, 2008 11:03am Nov 24, 2008 11:03am
Quoting jicssbr
Hello F4mnect,

Would you mind posting your template with the 34/55 EMAs? This would really help me.

Thank you very much.

jicssbr
I have more than once, look up in the right hand top corner, at the paperclip(attachments)
  • #2,633
  • Nov 24, 2008 11:04am Nov 24, 2008 11:04am
Quoting Big E!
Hello,

2 questions:

1. Are the 34 & 55 MAs simple or exponential?

2. Does anyone know of an EA or Script that will automatically set a TakeProfit and/or StopLoss immediately after a trade has been entered manually?

Thanks in advance!

Great Thread. Everyone's contributions has made me a better trader!
Those ma's are a indicator and have been posted many times in this thread, There called guppys and those scripts have also been posted
  • #2,634
  • Nov 24, 2008 11:05am Nov 24, 2008 11:05am
Quoting stevexyg
This interests me too. Like some other I've messed with timings of double cci a bit and am happier with 84/12. The 170 was a bit slow to react to genuine trend changes and 34 too many false crosses.

Why do we have 170/34 as a hard rule for fxprime?

steve

That's what he likes to trade, there are no hard rules
  • #2,635
  • Edited Nov 25, 2008 1:48am Nov 24, 2008 11:19am | Edited Nov 25, 2008 1:48am
Oztrader, for whatever reason this site will not let me reply to your private message, I have emailed FF and I'm sure they will fix it soon.

Fo now though, your question may be good for others too so i will just post here.

In my previous post - http://www.forexfactory.com/showpost.php?p=2371835&postcount=2625 I included a template and scripts etc.

For those that have not yet used scripts, you just put them in experts/scripts and make sure you restart MT4. Then go ctrl+N for navigator and you will see them listed.

Go to tools/options and select the expert advisors tab, make sure 'allow live trading' is selected then click OK

Now right click on the script and select 'set hotkey' then you will see 2 colums beside each scripts name which you can double click to enter values. I use ctrl+b for the buy script and ctrl+s for the sell script, alt+x is for my close all trades script.

You will now be able to go ctrl+b and simply click OK on the window that pops up and you will be safely in a buy

I have preset the buy and sell scripts with 50 pip TP and 25 pip SL, this gets you into the position safely so that no internet or server faliure can screw you over. Once in the position you can alter the TP and SL accordingly and/or apply a trailing.

Hope this helps

NOTE: My scripts are setup for a 5 decimal place broker so you will need to open them up in MetaEditor and remove the extra zero then re-compile if your boker has 4 decimal places
  • #2,636
  • Edited 2:47pm Nov 24, 2008 2:25pm | Edited 2:47pm
HI Sorry if i post here, but i just want to share my modified FX Prime EA and want to know some feedback on this EA.

I use mini Account and pips is very small so i modified to work on my FXPro account, maybe Alpari is same but i havent tested.

I start with €200 and it show great potential.

Scalping only with 0.10 Lot.

Change the time of Trading Times to your brokers time zone when market is very active. My Broker is based in Europe so i use 3 am to 21 pm.

Enjoy Scalping!

Attached Image (click to enlarge)
Click to Enlarge Name: TesterGraph.jpg Size: 46 KB

Attached File(s)
File Type: mq4 Fx Prime3.mq4   17 KB | 1,367 downloads


Btw, I used this on the 1 Min Chart EURUSD!
  • #2,637
  • Nov 24, 2008 2:29pm Nov 24, 2008 2:29pm
Quoting f4mnect
Those ma's are a indicator and have been posted many times in this thread, There called guppys and those scripts have also been posted
Hi f4mnect, I must say God bless u.Pls continue the good work of ensuring that the thread continue, answering questions even if it seems annoying, teaching and taking time to explain every bit of what u know. What else do we want from f4mnect. Well done man. Thanks. Nerry.
  • #2,638
  • Nov 24, 2008 4:32pm Nov 24, 2008 4:32pm
Hi Canadian,

How are you? Firstly, I would like to sorry about my english, it´s not too good....rs!
I´m from Brazil and I´m learning Forex and I have basics knowledge.
Could you send me a summary with the template , indicators and rules in one file by e-mail? Because I have difficult to locate in this post what the right templates and rules, so many topics...rs!

Thank you very much
Bye
  • #2,639
  • Nov 24, 2008 4:48pm Nov 24, 2008 4:48pm
Quoting Aninha*BH
Hi Canadian,

How are you? Firstly, I would like to sorry about my english, it´s not too good....rs!
I´m from Brazil and I´m learning Forex and I have basics knowledge.
Could you send me a summary with the template , indicators and rules in one file by e-mail? Because I have difficult to locate in this post what the right templates and rules, so many topics...rs!

Thank you very much
Bye
Go to the top right and click on the page where the arrows are pointing
Barry
Attached Image
  • #2,640
  • Nov 24, 2008 4:51pm Nov 24, 2008 4:51pm
Quoting bvincent
Go to the top right and click on the page where the arrows are pointing
Barry
OK, but, What is the number of this topic which the last and right template and rules???

Thank you
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