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JungleLion Scalping System

  • #21
  • Dec 11, 2008 4:34pm Dec 11, 2008 4:34pm
looks good.i wouldn't trade it by itself but it does help out a lot with my other trading systems as confirmations
  • #22
  • Dec 11, 2008 6:16pm Dec 11, 2008 6:16pm
Simply trading eurusd on 1 min charts, there is no dearth of trades, does not matter where the main trend goes, just trading the swings itself bags many many pips.
  • #23
  • Dec 11, 2008 6:51pm Dec 11, 2008 6:51pm
First of all...thanks for this system.

Do you wait to enter a trade until the bar that caused the cross has closed?

Do you think that it is best to trade this when the pair you are following is in the time of day where it tends to move the most?
  • #24
  • Dec 11, 2008 7:27pm Dec 11, 2008 7:27pm
Dont you find the initial stop from the EA a bit too small?
I just tried a few demo trades and they all got stoped in loss in seconds on 1 min charts.
I know its the asian session, but todays asian is moving.
  • #25
  • Dec 11, 2008 7:45pm Dec 11, 2008 7:45pm
Junglelion...

Bagged a few pips during asian tonight. TP's were manual.

Thanks,
revrobwimb
Attached Image (click to enlarge)
Click to Enlarge Name: scalp pic1.gif Size: 13 KB
  • #26
  • Dec 11, 2008 9:19pm Dec 11, 2008 9:19pm
I was doing some back testing and notice lots of faulse signals. Nowhere near 80% accuracy.
  • #27
  • Dec 11, 2008 9:45pm Dec 11, 2008 9:45pm
HolyShit

Just finished writing an EA.

Works fine only on daily charts and eurusd.

MM is horrible but the results are good.

The EA will work only when the T3ma.mq4 indicator is present in the indicators folder.
Attached Image (click to enlarge)
Click to Enlarge Name: StrategyTester.gif Size: 5 KB
Attached File(s)
File Type: mq4 holyshit.mq4   2 KB | 1,210 downloads
File Type: mq4 T3MA.mq4   3 KB | 985 downloads
  • #28
  • Dec 11, 2008 9:47pm Dec 11, 2008 9:47pm
Quoting bigbear777
I was doing some back testing and notice lots of faulse signals. Nowhere near 80% accuracy.
yes, a lot of false signals will come, you have to decide when to enter.

entry is purely subjective.

it depends on your decision. indicators just present a scenario, how well you judge it depends on you.
  • #29
  • Dec 11, 2008 11:03pm Dec 11, 2008 11:03pm
backtesting is subjective. most of the time it doesn't work. there are too many factors that are missing.
  • #30
  • Dec 12, 2008 12:03am Dec 12, 2008 12:03am
Quoting junglelion
HolyShit

Just finished writing an EA.

Works fine only on daily charts and eurusd.

MM is horrible but the results are good.

The EA will work only when the T3ma.mq4 indicator is present in the indicators folder.
thank for your great system.

regarding the EA :
Can we use it on 1 Min TF
I didn't find any input for TP & SL / lot size ...

your good work is highly appreciated
  • #31
  • Dec 12, 2008 2:40am Dec 12, 2008 2:40am
Quoting sed34
backtesting is subjective. most of the time it doesn't work. there are too many factors that are missing.
on the auslanco thread i have been piosting scalp charts, 1300 pips so far just for today.
  • #32
  • Dec 12, 2008 2:46am Dec 12, 2008 2:46am
in scalping your decision should be based on:

  1. the current PA on the current chart
  2. the PA on the next higher and/or the next lower timeframe.
  3. the expected news time if there is any.
  4. the tick volume.

most important is to make sure you know the trend based on at least 2 time frames.

intelligent trading wins,

  • #33
  • Dec 12, 2008 3:44am Dec 12, 2008 3:44am
Quoting junglelion
on the auslanco thread i have been piosting scalp charts, 1300 pips so far just for today.

I've been watching your posts in aus's thread......and 1300 pips deserves a "holy shit" ......
Trading Levels with WRBs
  • #34
  • Dec 12, 2008 3:53am Dec 12, 2008 3:53am
I am having a problem with the XPMA v9 and the Time Series Forcast not updating. They will update only when I change chart times then change back again. Then they will not update until I do it again. I have the T3MA in the indicators folder and am using 1 min charts.

Any ideas why not updating on 1 min charts?

Thanks,
  • #35
  • Dec 12, 2008 5:00am Dec 12, 2008 5:00am
Quoting rcbarlow
I am having a problem with the XPMA v9 and the Time Series Forcast not updating. They will update only when I change chart times then change back again. Then they will not update until I do it again. I have the T3MA in the indicators folder and am using 1 min charts.

Any ideas why not updating on 1 min charts?

Thanks,
within this thread new indicators are posted which update, get those
  • #36
  • Dec 12, 2008 5:01am Dec 12, 2008 5:01am
Quoting Islander
I've been watching your posts in aus's thread......and 1300 pips deserves a "holy shit" ......
the bugger moves so much on the 1 min, you just can't stop collecting.
  • #37
  • Dec 12, 2008 5:24am Dec 12, 2008 5:24am
Quoting junglelion
the bugger moves so much on the 1 min, you just can't stop collecting.

Agreed - I'm now spending more time on the 1m as I'm liking the action - trade for a couple of hours around FO /LO, bag a bunch of pips and then take a break till the NY guys start from 8am est onwards and grab some more pips....

The xpMA reminds me of the trigger lines indy - but smoother....I'm testing with just the T3MA set to 13 - its much better than any MAs that I've used, very smooth and close to the action at TPs. I then check PA and levels - I looked at the MM lines, but so far I prefer the sweet spots and pivots as they're better known and hence more widely used.

BTW - thanks for the indys
Trading Levels with WRBs
  • #38
  • Dec 12, 2008 5:55am Dec 12, 2008 5:55am
Even using the default setting on all indicators but the main indicator XPMA is not visible . I dont understand why? Any suggestion. THanks.
  • #39
  • Dec 12, 2008 6:07am Dec 12, 2008 6:07am
Hi,

Great systems and EAs. I am testing them both on demo right now. I wonder about the settings in the holyshit EA. When does the EA open and close trades. I'm up on the holyshit EA right now, but it has not closed any trades yet. What about SL and TP? I am trying it on EURUSD Daily.

The other EA has not opened any trades today. It seems that it does not respond to all the indicators. Only the xpMA seems to send signals. What could be wrong. I am trying it on EURUSD 1M.

Regards

Archie

Quoting junglelion
HolyShit

Just finished writing an EA.

Works fine only on daily charts and eurusd.

MM is horrible but the results are good.

The EA will work only when the T3ma.mq4 indicator is present in the indicators folder.
  • #40
  • Dec 12, 2008 6:33am Dec 12, 2008 6:33am
Template may help!. For some reason XPMA indi not showing anything.
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