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FX-50 Great Scalping System

  • #1,081
  • Dec 23, 2008 5:21am Dec 23, 2008 5:21am
Quoting Dallas4lr
Hey siobi,


Can you combine your prime EA with your non trending EA! Make it auto sensing so it switches between the two as the market conditions change.


Dallas

ya dallas,
I'm doing ...

integrating Prime EA V1.05 to my new siobi Strategy....

so both can cater for Trending and non trending market!!!!

but recently my V106 Prime FX getting lots of false signal... might need to tune a little bit....

will pst the EA once completed....
  • #1,082
  • Dec 23, 2008 8:51am Dec 23, 2008 8:51am
A few good wins for a few good traders...
Attached Image (click to enlarge)
Click to Enlarge Name: 2 ~ 30 + pip wins.gif Size: 59 KB
  • #1,083
  • Dec 23, 2008 9:01am Dec 23, 2008 9:01am
Quoting Dallas4lr
SoEasy,

This is a question I just have to ask after weeks of seeing you post this stuff. My simple question is why???? Please dont take this as an attack, but I just dont see any logical purpose behind it. You admit that you don't trade either V1 or V2 live - so what is the purpose. Granted everyone has an opinion, but this thread is about instruction and instruction implies execution, and showing moves after that were never executed has very little instructional value, IMHO. But hey, I can be wrong because I also believe that demo trading and...
I show the trades for you all to see as plain as day... from 7:00 AM EST in North America Time! The trades are by the rules of the author that CD guy!!! Which I have aboslutely nothing to do with!!! I am finished with posting these true trade examples... all you guys probably think you're doing some valaid entry when you have a gazzillion indicators on your chart and all you have to look at is the FXP V2 3 simlpe ma's and a green or red bar at the bottom of your chart ~ so simple man...

This time for sure I am out of here... I won't waste your time anymore here ok... bye bye!!!!!!!!!!!!!

69
  • #1,084
  • Dec 23, 2008 9:22am Dec 23, 2008 9:22am
I have banned soeasy69 he is causing conflicting problems on this thread. And has been rude to other traders, and I guess you all know what else he has done. And he is wasting our time.
It Is Not The Exit That Concerns Me, As It Is The Re-Entry
  • #1,085
  • Edited 9:53am Dec 23, 2008 9:38am | Edited 9:53am
Quoting fxtrading24
I have banned soeasy69 he is causing conflicting problems on this thread. And has been rude to other traders, and I guess you all know what else he has done. And he is wasting our time.
Let him trade his own daily system that works with 500 pips stop losses.
  • #1,086
  • Dec 23, 2008 9:59am Dec 23, 2008 9:59am

Thank god soeasy has been banned! About time too!

I can't believe he has come out with 'I don't trade this sys OR even scalp but day trade' WTF?!?

WHY was he here then? As Dallas so rightly said he was causing much confusion and not even interested in trading FX-50 - or what anyone else said! I guess he's just on an 'I'm a better trader than you' ego trip.

Come on everyone lets KEEP IT REAL.
  • #1,087
  • Dec 23, 2008 10:04am Dec 23, 2008 10:04am
Merry Xmas soeasy!
  • #1,088
  • Dec 23, 2008 10:10am Dec 23, 2008 10:10am
Quoting Artifiz
Let him trade his own daily system that works with 500 pips stop losses.
Yep
It Is Not The Exit That Concerns Me, As It Is The Re-Entry
  • #1,089
  • Dec 23, 2008 10:11am Dec 23, 2008 10:11am
Well,

He may be gone but I have to respond to this claim, surely the postings made by soeasy are not plain as day, why?

First many of the trades he displays are unexecutable because they incur 50 to 100 pip drawdowns!!! Now my approach might be different, but as a live account scalper I'm looking for 12 to 32 pips on each trade and generally trade 3 lots closing a lot at 12, 32, and 52 pips if I'm very lucky. So why in the heck am I going to repeatedly expose myself to on average 80 pip drawdowns pushing 3 lots? How am I suppose to know which of these drawdowns will pan out and which ones wont?

I trade with a 15 pip stop loss on the euro, and 20 G/U - so 80 pip drawdowns are unacceptable to myself and most other scalpers I know.

New traders do not buy this garbage, these trades are unexecutable live, unless you have plenty of money to burn or balls of steel!

Dallas



Quoting soeasy69
I show the trades for you all to see as plain as day... from 7:00 AM EST in North America Time! The trades are by the rules of the author that CD guy!!! Which I have aboslutely nothing to do with!!! I am finished with posting these true trade examples... all you guys probably think you're doing some valaid entry when you have a gazzillion indicators on your chart and all you have to look at is the FXP V2 3 simlpe ma's and a green or red bar at the bottom of your chart ~ so simple man...

This time for sure I am out of here... I won't waste your...
  • #1,090
  • Dec 23, 2008 10:16am Dec 23, 2008 10:16am
Quoting Dallas4lr
Well,

He may be gone but I have to respond to this claim, surely the posting made by soeasy are not plain as day, why?

First many of the trades he displays are unexecutable because they incur 50 to 100 pip drawdowns!!! Now my approach might be different, but as a live account scalper I'm looking for 12 to 32 pips on each trade and generally trade 3 lots closing a lot at 12, 32, and 52 pips if I'm very lucky. So why in the heck am I going to repeatedly expose myself to on average 80 pip drawdowns pushing 3 lots? How am I suppose to know which...
That is soooo true Dallas with the way this market has been the past few month's I keep tight stops and very careful with my trades. It can have a 80 pip swing in seconds.
It Is Not The Exit That Concerns Me, As It Is The Re-Entry
  • #1,091
  • Dec 23, 2008 10:37am Dec 23, 2008 10:37am
fxtrading24,
That's okay. This FX-50V1 is a kick ass method. Better to keep the approach to trading it on track. Lot's of positive input is better than a, shoulda- woulda-coulda approach any day.
Thanks for staying with this project.
Cheers to all.
Cliff


Quoting fxtrading24
I have banned soeasy69 he is causing conflicting problems on this thread. And has been rude to other traders, and I guess you all know what else he has done. And he is wasting our time.
I get exercise just pushing my luck
  • #1,092
  • Dec 23, 2008 10:38am Dec 23, 2008 10:38am
Quoting Dallas4lr
First many of the trades he displays are unexecutable because they incur 50 to 100 pip drawdowns!!!

Dallas
Absolutely correct. He is obviously used to sustaining huge drawdowns but trying to scalp without tight stops is probablly a very bad idea. I would say however that the trades he posted always went in favour straight away which means no actual account draw down on an open trade but instead having 100pip trailing stops.

BUT... having said that he has posted SELECTIVELY. He hasn't posted all the bad trades and I bet there would have been many and if he does open/suggest to open positions with 100pip stops then his 200 and 400pip good trades would been eaten away very quickly on the bad trades.

A joke of a way to trade this system which has not been designed and takes no account of 100pip stops.
  • #1,093
  • Dec 23, 2008 11:06am Dec 23, 2008 11:06am
Hey guys, not sure if you remember me, but I posted the indicator overload last week. Photo 1 (LOLOLOLOL)

Well the VERY next day I found someone from a signal service that had the FX-Prime system - call it coincedence, or just a reeeeeaaalllllly small world. So I decided to give that a shot.

The install, was a million times easier (less indicators, and templates), but the main thing that through me off with this fx-50 thread was that I thought fx-50 and fx-50 v2 were the same systems....but they're 2 sets of files! - you guys should state that in the first post.....bc I thought u had to download both, and install everything...

anyways, I've been testing the fxprime, but haven't had too much luck with it, I keep jumping in on crappy trades, and miss the good ones. The guy that sent it to me said it's because the market is rangy and it does best during break outs and trends. Here's a pic of one I missed this morn.(photo 2) I also don't trade it during the times it says to in the video/manual......does it make that big of a deal???

So I'm here, I haven't gone anywhere, and I'm gonna figure this baby out, and me and a cpl other dudes r gonna try trading it together so he can teach us...if anyone can recommend and inidicators that compliment the stock fx prime ones let me kno...

I'll let u kno how the results unfold, though I don't think I'll be able to see its true potential until the new yr.

Peeeace!!!

and thanks!!!!!!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: photo.gif Size: 49 KB
Click to Enlarge Name: photo 2.gif Size: 41 KB
  • #1,094
  • Dec 23, 2008 11:29am Dec 23, 2008 11:29am
Hi monster,
'V2' is just an indicator that is added onto FX-50/fxprime. V2 is not yet a full part of FX-50 it is still in test stage so u should really remove it completely. Your first chart also has way too many indicators. All u need is double cci and an rsi to begin with, then add indis one at a time and see if they help. And u should use s/r lines and fibs for direction.

good luck, steve

suggest 21/89 cci and 8 rsi.
  • #1,095
  • Dec 23, 2008 11:31am Dec 23, 2008 11:31am
Thanks 4 All Ur In Input Into This Thread Many Thanks Goes 2 Kino,john,fxtrading24,to Say But Few.and B/4 I Say Merry Xmas Do Any 1 Hav A Copy Of Fxprime V2 Filter 4 Me?
  • #1,096
  • Dec 23, 2008 11:32am Dec 23, 2008 11:32am
it's all ready been posted a few times in this thread and the old thread
  • #1,097
  • Dec 23, 2008 11:35am Dec 23, 2008 11:35am
Quoting foe4real
Do Any 1 Hav A Copy Of Fxprime V2 Filter 4 Me?
click the attatchment 'paperclip' at top of this page u will see a list it will be in there.

happy xmas back.
  • #1,098
  • Dec 23, 2008 11:37am Dec 23, 2008 11:37am
Quoting foe4real
Thanks 4 All Ur In Input Into This Thread Many Thanks Goes 2 Kino,john,fxtrading24,to Say But Few.and B/4 I Say Merry Xmas Do Any 1 Hav A Copy Of Fxprime V2 Filter 4 Me?
Here is the filter
Attached File(s)
File Type: mq4 FX Prime V2.mq4   10 KB | 790 downloads
It Is Not The Exit That Concerns Me, As It Is The Re-Entry
  • #1,099
  • Dec 23, 2008 11:49am Dec 23, 2008 11:49am
Quoting monster
Hey guys, not sure if you remember me, but I posted the indicator overload last week. Photo 1 (LOLOLOLOL)
Learn V1 is much more reliable if you trade by the rules. V2 is a good system, but you need some trading experience to avoid losses.

In the old V1 thread RonaldRaygun made an ea that most used for signals. I still use it since I trade from work and I can't be watching my laptop at all times. I am not an ea programmer, but I changed its original settings (170-34) to 89/21 that most of us are using now. Download the ea and install in your MT Experts folder, then drag it to your chart and set it to: Signals Only: True - Alerts: True - Play Sounds: True - Use Times: False

You can leave the other settings as they are or change them as you please. You can even let it trade for you or close the trades, but I wouldn't recommend it.

Again, don't just trade any signal and try not to trade when market is moving slow or ranging.
Attached File(s)
File Type: mq4 Fx Prime V1c.mq4   15 KB | 807 downloads
  • #1,100
  • Dec 23, 2008 12:16pm Dec 23, 2008 12:16pm
Hi All

Just want to tell you that what you here in this thread call FxprimeV2, is not the same as the one CD was selling.

I am one of those who bought it and there is really huge diff. in the way they react to the marked when I put them up together.

But back to this thread I really want say thanks to all those traders who really make progress with Fx 50 system

And finally merry christmas to everyone here.

May the pips go your way.

regards

Fratelli
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