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Attachments: FX-50 Great Scalping System
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FX-50 Great Scalping System

  • #1,001
  • Dec 20, 2008 4:19am Dec 20, 2008 4:19am
Quoting Fx1618
Anyway using a EMA12c and EMA25c, give the same results of the CCI89/21 above or below "0"

I have just plotted these. Personally I do not think it it suitable for mobile trading.

 

  1. EMA12c + EMA25c + SMA30c on the charts
  2. CCI89c Overlayed with a CCI21-firtsindicators data + SMA30-firtsindicators data
  3. DoubleCCI with SMA

None of these gives the same entries nor exits, however the EMA's and SMA on the charts does look good.

Please take this the right way, I'm not a scalper. I do not have the B*LLS for it, I have been diligantly following this thread and the previous one downloading and experimenting. So in the light of that it might not look good to me as for a red-blooded scalper it might.

  • #1,002
  • Dec 20, 2008 5:16am Dec 20, 2008 5:16am
I also would like to thank John and Maxzeus, very greatful. Have a Merry Xmas.
Regards,
email
  • #1,003
  • Dec 20, 2008 9:05am Dec 20, 2008 9:05am
Merry Xmas everybody, happy holiday!!!!!!!!!!
  • #1,004
  • Dec 20, 2008 11:26am Dec 20, 2008 11:26am
Quoting forexlane
LOL I know your intention from your last few posts!! I think is not right that SOEASY keep posting here about his winnings using V2, posting charts that happened hours ago and claimed he got in and made hundreds of pips. Is really misleading to those that new to this system. I have been following CD V1 since it started, then fx-50 and V2. I was doing well with V1, and still testing fx-50 and V2, do see the system is getting better with kino, JE, and others contributions; but still this is not going to be the holy grail.
Good day...

A good friend of mine told me so many times to NOT waste my time in forums like this. First of all, I never claimed that I made a single pip using FX Prime V2 ok? All I did was post pictures of actual setups from the right time of the day or night going by the rules of the author of this system. I am a EOD trader I don't use this system to trade ok... You people have the wrong impression of me here and now after I show examples of huge winning trades now you talk down upon me. Ask Anto about V2 and how to use it correctly we had a skype chat and I showed him winning trade signals and false entries with FX Prime V2... all I did was show him exactly how to use it by the rules of the author. First I give some Rock Solid Advice about CMS to a member here and I get threatened of being banned!!! Now I have people talking BAD things about me here... I am out of here... Are you all happy now?

Good luck and good trading!

soeasy69
  • #1,005
  • Dec 20, 2008 12:51pm Dec 20, 2008 12:51pm
Easy,
I, for one, would not like it if you were to leave off this thread.
I have not taken your posts as actual trades taken by you. I've looked at them as potential trades that could have been acted upon.
In a perfect world it would be nice if their was someone to call out entries and everybody that wanted to could jump into the trade. We'd all be so happy.
Also, I was not offended by your caution of trading with a broker that has a rep as a bucket shop. One need only do a forum search over the FX networks to determine this is true.
Your input on the refinements to trading the extension of CD's system have been valuable.
Do stick around. If for no other reason than to keep some life in this thread as John Edwards, Canuck, F4, Max, etc. have done.
Good trading.
Cliff



Quoting soeasy69
Good day...

A good friend of mine told me so many times to NOT waste my time in forums like this. First of all, I never claimed that I made a single pip using FX Prime V2 ok? All I did was post pictures of actual setups from the right time of the day or night going by the rules of the author of this system. I am a EOD trader I don't use this system to trade ok... You people have the wrong impression of me here and now after I show examples of huge winning trades now you talk down upon me. Ask Anto about V2 and how to use it correctly we had a...
I get exercise just pushing my luck
  • #1,006
  • Dec 20, 2008 1:21pm Dec 20, 2008 1:21pm
Quoting maxzeus
Lillelise, you made me good work !!!

HERES THE GUIDES (theres a paperclip on top/right of this forum click it it helps)

Fx50 Guide v1
KinoGuides
Fxprimev2 Guide

** will do some updates soon **
Good job maxzeus.
But I can not open Fx50 Guide v1.

Thanks
  • #1,007
  • Dec 20, 2008 1:30pm Dec 20, 2008 1:30pm
Quoting neshat
Good job maxzeus.
But I can not open Fx50 Guide v1.

Thanks
See if this link works for you. Should open up in Adobe Reader.
Cliff
Attached File(s)
File Type: pdf Fx50 Guide v1.pdf   463 KB | 1,225 downloads
I get exercise just pushing my luck
  • #1,008
  • Dec 20, 2008 1:50pm Dec 20, 2008 1:50pm
Alright guys, I downloaded the files (new FX 50), and read the guide (Thanks Max for that btw), however I'm suuper frustrated right now bc I can't figure out what indicators I really need and what I don't need.

Questions/areas of confusion:

1 - I'm only using this on the 1 min tf. So I haven't installed any of the 5 min indicators....is this correct?

2- The ccidoublewoody that comes in the zip file has pre sets to 14 and 6, while the guide has two different presents of 170 & 34, and 21 & 89. Which is correct? Also what about the one with RSI? which is the most valid?

I've found that if I change the original 'New FX50' settings to 21 & 89, they correspond the closest with the Heiken Ashi color changes

3- I found that a few of the indicaotrs give counter signals to one another ie: Bollinger squeeze V stock 513 vs double cc1

4 - I noticed my Kino all in one v2 has different color setups than the one in the guide.

I know I have a few more questions in the back of my mind, but I think for now this will do. Any help would be muuuuuuuch appreciated

On a final note....here's what my screen looks like....try not to laugh to hard
Attached Image (click to enlarge)
Click to Enlarge Name: photo.gif Size: 49 KB
  • #1,009
  • Dec 20, 2008 2:04pm Dec 20, 2008 2:04pm
I am a new trader (1 year) and also a new user of MT4 platform which i have discovered can enable 1 to copy-paste and apply custom indicators. So my questions is those 3 attachments on your first posting are they all different indicators and templates ? because each file appears to have smthn and which time frame do they work best, and could you maybe show me a print screen of how a screen appears when the necessary indicators you advise finally appear. I have so far applied the template with the 3 dirrent M.A's
  • #1,010
  • Dec 20, 2008 3:08pm Dec 20, 2008 3:08pm
Monster,


I will attempt to briefly answer some of your questions, I can assure you based on the pic you posted that you need to dial back on some of the indicators. Try to understand the basics of this system, after you have a grasp on the basics then add additional indicators one at a time to see if they enhance your trading.

1 - I'm only using this on the 1 min tf. So I haven't installed any of the 5 min indicators....is this correct?

The original system called for a double woodies CCI 170 & 34 on the 5min and 1min charts. A valid trade required the CCI 170 to cross before the CCI 34 on the 1 min chart, with the CCI 170 in both the 1min and 5min chart either above or below zero. Once the CCI 34 crossed in the direction of the CCI 170, you also need and RSI above 55 or below 45.


2- The ccidoublewoody that comes in the zip file has pre sets to 14 and 6, while the guide has two different presents of 170 & 34, and 21 & 89. Which is correct? Also what about the one with RSI? which is the most valid?

170 & 34 was the original, 21 & 89 is a latter modification. You will have to test which one better fits your still of trading. You will find various RSI settings from 14 to 8, again you have to do some work and determine what works for you.

I've found that if I change the original 'New FX50' settings to 21 & 89, they correspond the closest with the Heiken Ashi color changes

3- I found that a few of the indicators give counter signals to one another ie: Bollinger squeeze V stock 513 vs double cc1

once again some indicators will enhance the 170/34, while others work better with 89/21. Once again you have to do some testing.

4 - I noticed my Kino all in one v2 has different color setups than the one in the guide.

Kino is a great guy and kicks out indicators like an assembly line, and even have various revisions to specific indicators. Once again you must determine what works for you.

My last statement isn't meant to be mean or cynical, but becoming a successful forex trader requires a lot of work. Studying, technical analysis, and testing. Many times new traders, want to be spoon feed - it does nothing for your personal growth (now maybe you aren't a new trader, but an experienced trader should have no problems developing a logical approach to testing the information provided over the three individual threads). Even when someone gives most new traders a winning system they still lose money, why? A good system is just your edge, and one component of being a successful trader. If you don't understand the basic concepts behind the indicators and the system its unlikely that you will have continued success and we all dont process the same information in the same manner.

Start with just the HA candles, DoubleCCI, and RSI. Learn the interaction of these 3 indicators first and make adaptations from there.

This is just my opinion

Dallas







Quoting monster
Alright guys, I downloaded the files (new FX 50), and read the guide (Thanks Max for that btw), however I'm suuper frustrated right now bc I can't figure out what indicators I really need and what I don't need.

Questions/areas of confusion:

1 - I'm only using this on the 1 min tf. So I haven't installed any of the 5 min indicators....is this correct?

2- The ccidoublewoody that comes in the zip file has pre sets to 14 and 6, while the guide has two different presents of 170 & 34, and 21 & 89. Which is correct? Also what about the one with RSI?...
  • #1,011
  • Dec 20, 2008 3:18pm Dec 20, 2008 3:18pm
Quoting monster
Alright guys, I downloaded the files (new FX 50), and read the guide (Thanks Max for that btw), however I'm suuper frustrated right now bc I can't figure out what indicators I really need and what I don't need.

Questions/areas of confusion:

1 - I'm only using this on the 1 min tf. So I haven't installed any of the 5 min indicators....is this correct?

2- The ccidoublewoody that comes in the zip file has pre sets to 14 and 6, while the guide has two different presents of 170 & 34, and 21 & 89. Which is correct? Also what about the one with RSI?...

I would suggest using this template I tested it all day Friday and mostly Saturday, to and came up with excellent results on my simulator. All thanks to f4mnect. Here is his journal. Take a look at his journal you will learn alot on this system. I prefer it over v2. I think v2 has a way to go beferoe I would go live with it. And again credit goes to f4mnect for this system he perfected.
Attached File(s)
File Type: zip current.zip   34 KB | 987 downloads
It Is Not The Exit That Concerns Me, As It Is The Re-Entry
  • #1,012
  • Dec 20, 2008 3:21pm Dec 20, 2008 3:21pm
Quoting Dallas4lr
Monster,


I will attempt to briefly answer some of your questions, I can assure you based on the pic you posted that you need to dial back on some of the indicators. Try to understand the basics of this system, after you have a grasp on the basics then add additional indicators one at a time to see if they enhance your trading.

1 - I'm only using this on the 1 min tf. So I haven't installed any of the 5 min indicators....is this correct?

[color=sienna]The original system called for a double woodies CCI 170 & 34 on the 5min and 1min charts....
Nice said Dallas.
It Is Not The Exit That Concerns Me, As It Is The Re-Entry
  • #1,013
  • Dec 20, 2008 3:41pm Dec 20, 2008 3:41pm
Quoting monster

On a final note....here's what my screen looks like....try not to laugh to hard


double lol monster, that is a frightening sight!! Waaayyyyyy to many indis. The generous advice from Dallas is spot on.

Also you should remember when scalping you need to react quickly so u only want (and need) a few good indicators to scan - not a screen full. Remember u should be checking price action, trend lines and your 5m too - add on 1 too many indicators and u have sensory overload and that's not good!!

steve
  • #1,014
  • Dec 20, 2008 3:49pm Dec 20, 2008 3:49pm
Quoting soeasy69
Good day...

A good friend of mine told me so many times to NOT waste my time in forums like this. First of all, I never claimed that I made a single pip using FX Prime V2 ok?
soeasy69
Hi soeasy. It's not nice personally to have people talk bad about you but I understand it because I definately thought you were claiming to have taken these pips when u posted charts with thumbs up. You never ever said these were just for illustration. It is no surprise people thought u were giving a very wrong impression to newbies who might think all they needed to do was get V2 and count the money.

Secondly I would say your friend is WRONG because there is nothing greater someone can do in life than to help someone else out of the kindness in their heart. That is what this forum is all about and that's why it is free and commercial work is banned.

Cheers, Steve
  • #1,015
  • Edited Dec 21, 2008 12:01am Dec 20, 2008 9:00pm | Edited Dec 21, 2008 12:01am
Quoting fxtrading24
I would suggest using this template I tested it all day Friday and mostly Saturday, to and came up with excellent results on my simulator. All thanks to f4mnect. Here is his journal. Take a look at his journal you will learn alot on this system. I prefer it over v2. I think v2 has a way to go beferoe I would go live with it. And again credit goes to f4mnect for this system he perfected.
fxtrading24,
Are we using this template from now on for discussion? I think your attached tpl missing SMA line at the CCI indi (i compared it with f4 journal current tpl).
Appreciate you can post example/picture on correct entry and exit with vertical line. I will conduct my testing ASAP, thanx.
  • #1,016
  • Dec 20, 2008 11:56pm Dec 20, 2008 11:56pm
Quoting Fx1618
I have just plotted these. Personally I do not think it it suitable for mobile trading.

 

  1. EMA12c + EMA25c + SMA30c on the charts
  2. CCI89c Overlayed with a CCI21-firtsindicators data + SMA30-firtsindicators data
  3. DoubleCCI with SMA

None of these gives the same entries nor exits, however the EMA's and SMA on the charts does look good.

Please take this the right way, I'm not a scalper. I do not have the B*LLS for it, I have been diligantly following this thread and the previous one downloading and experimenting. So in the light...

Thanks for your input, i will test it on MT4 and see the accuracy, at least if it near it would not be bad at all

Cheers
Don't forget Practice + Patience + Persistence = Profits
  • #1,017
  • Dec 21, 2008 12:09am Dec 21, 2008 12:09am
i am updating the guide to make it more simple, more based on F4's settings, with the options of other indis some of us tested that can work with fx50, but its all up to users preference

Try these indis for now and get to know them

CCI21/89 + SMA30 (has alerts included)
RSI8
Heiken Ashi on chart or my favorite MTF version (multi frame)
Guppy 34/55 (2x MA's)

after add other indis when your getting the feel of it

ciao
Don't forget Practice + Patience + Persistence = Profits
  • #1,018
  • Dec 21, 2008 12:50am Dec 21, 2008 12:50am
Quoting maxzeus
i am updating the guide to make it more simple, more based on F4's settings, with the options of other indis some of us tested that can work with fx50, but its all up to users preference

Try these indis for now and get to know them

CCI21/89 + SMA30 (has alerts included)
RSI8
Heiken Ashi on chart or my favorite MTF version (multi frame)
Guppy 34/55 (2x MA's)

after add other indis when your getting the feel of it

ciao

Hi there....

CCI21/89 + SMA30 (has alerts included) ???

What type of alerts are you referring to ? I couldn't find one with alert when both CCIs break up/down the sma30...
  • #1,019
  • Dec 21, 2008 1:04am Dec 21, 2008 1:04am
Quoting maxzeus
i am updating the guide to make it more simple, more based on F4's settings, with the options of other indis some of us tested that can work with fx50, but its all up to users preference

Try these indis for now and get to know them

CCI21/89 + SMA30 (has alerts included)
RSI8
Heiken Ashi on chart or my favorite MTF version (multi frame)
Guppy 34/55 (2x MA's)

after add other indis when your getting the feel of it

ciao
where can i find the Heikin Ashi MTF version - its not in the paperclip on the rigth upper corner... thx for your help

regards

sten
  • #1,020
  • Edited 3:13am Dec 21, 2008 3:01am | Edited 3:13am
Quoting maxzeus
i am updating the guide to make it more simple, more based on F4's settings, with the options of other indis some of us tested that can work with fx50, but its all up to users preference

Try these indis for now and get to know them

CCI21/89 + SMA30 (has alerts included)
RSI8
Heiken Ashi on chart or my favorite MTF version (multi frame)
Guppy 34/55 (2x MA's)

after add other indis when your getting the feel of it

ciao
maxzeus,
Thanx a lot, appreciate u can include few example on entry & exit in your pdf later on.
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