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FX-50 Great Scalping System

  • #681
  • Dec 16, 2008 1:46am Dec 16, 2008 1:46am
Quoting fxtrading24
Here is the FX-50 template. I have updated and done some small changes and addid Labtrend indicator, which I prefer to watch the changes in the candles. Once you get use to it it will make sense. On FXprime I changed the bars to dots easier to read for me. And addid the tic indicator

What about the Ticks indi? how do you use it?
You said it shows something only when the market moves but it's flat when we have an uptrend and showing something when the market is choppy and you want to get out.
  • #682
  • Dec 16, 2008 2:24am Dec 16, 2008 2:24am
Quoting soeasy69
FXP V2 uses more indicators to filter out bad cross trades ... all the blue dots are BAD Signals that FX Prime V1 would give... when you see these dots stay out of the market!!! When you see green solid bar you BUY when you see a solid red line you SELL but only at the right time of the day or night.

It's as simple as that... question is when is the right time to trade? I think from 3:00 AM Est to 11:00 AM Est.

69
Is nobody else then me seeing that the dots ARE JUST CCI 34 CROSSING THE ZERO LINE ?????????????????????
nothing to do with v1 signals
  • #683
  • Dec 16, 2008 2:26am Dec 16, 2008 2:26am
Quoting teddyb
Is nobody else then me seeing that the dots ARE JUST CCI 34 CROSSING THE ZERO LINE ?????????????????????
nothing to do with v1 signals
watch out teddyb. some cant handle the truth..
StopLoss is for none belivers... Trust the Gurus..
  • #684
  • Dec 16, 2008 2:27am Dec 16, 2008 2:27am
yup he wanted to make v2 look better, so he had a 1/2 ass attempt at making v1 look bad by saying those were v1 signals, look at all the false signals

Quoting teddyb
Is nobody else then me seeing that the dots ARE JUST CCI 34 CROSSING THE ZERO LINE ?????????????????????
nothing to do with v1 signals
  • #685
  • Dec 16, 2008 2:52am Dec 16, 2008 2:52am
Quoting lillelise
watch out teddyb. some cant handle the truth..
you mean EVERYONE can't handle the truth .....btw guys you seen wiztrader posting??....he's really an as@!$*e Attacking people who are trying to help. What's his problem anyway? Any1 knows him?
  • #686
  • Dec 16, 2008 3:35am Dec 16, 2008 3:35am
Hi all

can anyone help me with the spreedsheet that forex assassin use in calculating weekly chart, pls
  • #687
  • Dec 16, 2008 3:40am Dec 16, 2008 3:40am
sorry but I think your in the wrong place for that

Quoting kioboy
Hi all

can anyone help me with the spreedsheet that forex assassin use in calculating weekly chart, pls
  • #688
  • Dec 16, 2008 3:40am Dec 16, 2008 3:40am
Quoting anto
This thread is mainly for Fx-50 and trading with that.

I think we should go to the following thread if we want to discuss FxPrime V2. http://www.forexfactory.com/showthre...14258&page=258

ANTO - this thread as fx24 says is for the extension of FXPrime and that INCLUDES V2 in my opinion. it is the logical extension from the prior thread. the thread you post is in the recycle bin. it wont last. this one will, so for those interested in V2, we should post here about it.

seems SOeasy69 and others are enjoying V2. i say lets use it and look at it. if people want to look at the current V1 setups too, well thats fine. Both are fine to look at in this thread i think. if not Fx24 can you please tell us otherwise. then maybe we can start a separate V2 thread. not necessary IMO.


oh, has anyone noticed yet, the false signals in the V2 filter given by CD, uses a CCI50 for the entry signal. that is CCI170 and CCI50. for some inexplicable reason after all the posts and analysis in the first thread for V1 using a CCI34, CD goes and changes it to a CCI50.

does anyone know WHY he changed it to 50CCI ?????????????. it actually give LESS false signals. you can check for yourselves if you like - load up 2 version of V2 on your chart and changed the inputs to a 50 and a 34. he must have had some reason.
  • #689
  • Dec 16, 2008 4:06am Dec 16, 2008 4:06am
Rodhuy,

I completely agree with you. We are here to improve this system.

For me f4mnect's template works much better. If you can compare this with f2 filter you will appreciate the 35/54 bouce. that gives more safer trades and safer exits. Especially if you have taken v2 signals, when the price is away from 34/55 and which may lead to BE or loss.

Posted signal was picked up during the trending market. I think all the systems under planet would have picked up that signal

I think F4's template does this job and filters false V2 signals.
  • #690
  • Dec 16, 2008 4:07am Dec 16, 2008 4:07am
CCI 50 or 34 for me its the same
you test it and use whatever you're comfortable with.
In my opinion you don't need the filter, old version setups are enough believe me you don't want to trade blindly you have to see the setup forming cos some setups wont feel good and you're not supposed to take them.


Quoting rodhuy
ANTO - this thread as fx24 says is for the extension of FXPrime and that INCLUDES V2 in my opinion. it is the logical extension from the prior thread. the thread you post is in the recycle bin. it wont last. this one will, so for those interested in V2, we should post here about it.

seems SOeasy69 and others are enjoying V2. i say lets use it and look at it. if people want to look at the current V1 setups too, well thats fine. Both are fine to look at in this thread i think. if not Fx24 can you please tell us otherwise. then maybe we can start...
  • #691
  • Dec 16, 2008 4:42am Dec 16, 2008 4:42am
Do you guys think, we can use ZLS lines crossing for possible entry, just need to be avoided ranging markets for all cost. Green from above for Sell, and green from below for Buy. This gives fast entrys and S/l can be set very tight.
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  • #692
  • Dec 16, 2008 4:50am Dec 16, 2008 4:50am
I really like the zls, but think it needs support, wouldn't want to trade it blindly
  • #693
  • Edited 5:19am Dec 16, 2008 5:11am | Edited 5:19am
Yes its great indicator, for support I still use FxPrime setup on my other monitor, and if all okey, I pull the trigger.

Ohh...BTW thanks for ZLS f4mnect mate.
  • #694
  • Dec 16, 2008 5:52am Dec 16, 2008 5:52am
CCIs Histo red marron & Lime Darkgreen + CCI entry Yellow

indicators you ask me , cannot send a PM sorry

here is a version with 4 histo (CCI170) and A line = CCI34
you can change colors and values
do you really want lines only ? i join the version Lines too
but there is a problem at points -100 & +100 (lines don't join well)
but i try to make it

kino (very proud that a trader like you want something of me)
Attached File(s)
File Type: mq4 #Kino_CCIs_F4.mq4   3 KB | 634 downloads
File Type: mq4 #Kino_CCIs_F4vLines.mq4   3 KB | 614 downloads
  • #695
  • Dec 16, 2008 5:54am Dec 16, 2008 5:54am
Quoting kinonen
CCIs Histo red marron & Lime Darkgreen + CCI entry Yellow

indicators you ask me F4mnect , I cannot send a PM sorry ?

here is a version with 4 histo (CCI170) and A line = CCI34
you can change colors and values
do you really want lines only ? i join the version Lines too
but there is a problem at points -100 & +100 (lines don't join well)
but i try to make it

kino (very proud that a trader like you want something of me)
oups this post was for F4Mnect !!!
  • #696
  • Dec 16, 2008 7:35am Dec 16, 2008 7:35am
How Can I Avoid The Wrong Signals ???

Thanks
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  • #697
  • Dec 16, 2008 7:48am Dec 16, 2008 7:48am
Quoting gasgas
Do you guys think, we can use ZLS lines crossing for possible entry, just need to be avoided ranging markets for all cost. Green from above for Sell, and green from below for Buy. This gives fast entrys and S/l can be set very tight.


I like your Mauro EA would you care to share it with the forum. I for one would be grateful. I especially like the b/e bit - I've got SwissArmy just to do the b/e and Pipsing script to do the rest, would like an all in one, I presume thats what Mauro does. Trying different money management setups on V2.
  • #698
  • Dec 16, 2008 7:54am Dec 16, 2008 7:54am
Quoting Ziko
How Can I Avoid The Wrong Signals ???

Thanks
i think we can avoid the first one (i think if you have a look on a higher time frame UT5 you'll see that SHORT is forbidden there)
the second one =
you can add a 34EMA & you see that it's never bellow SMA50 and don't short there

kino
  • #699
  • Dec 16, 2008 8:02am Dec 16, 2008 8:02am
Quoting Ziko
How Can I Avoid The Wrong Signals ???

Thanks
Personally I don't trade from about 9:15am EST to 11:00am ESt because the US stock market is opening there and you get a lot of choppiness usually...also, around 10:30am I have noticed London starts getting ready for it's close and things can get a little choppy too.

Hope that helps!
  • #700
  • Dec 16, 2008 8:04am Dec 16, 2008 8:04am
Quoting Ziko
How Can I Avoid The Wrong Signals ???

Thanks
I use a bit different setup, and Laguerre is very helpful, but sometimes you can't avoid the false signals.

In my chart, I also look for a tight twist of the rainbow-colored ma's and for them to be centered between the purple ma's. This is what I use as my "filter," and what I check last after the other indi's say to enter (being Laguerre .85 and cci55).

In the first entry, I probably would not have taken it because a) the twisting ma's were off-center from the purple ones and b) if you look back in the chart a ways, it looks like the uptrend just recently started after quite a long downtown, so it was probably just a retracement. However, that one was more tricky, i *might* have taken it. I also use ADX and though I don't usually use it for entries, in that case, the red adx line was starting to pass through the yellow adx line, meaning the downtrend was weakening, so just another indication that it was an "iffy" signal. But the main thing that would have caused me to pause there would have been the rainbow ma's outside of the purple ones.

The second entry was totally filtered out by my ma's.... the purple lines didn't even cross and the rainbow lines were outside of them. Plus Laguerre was moving back up.

*However*.... that second dip down just before the up-move... i might have taken that one. Nothing is perfect.
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