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eur/usd scalping method

  • #21
  • Jan 1, 2009 12:22pm Jan 1, 2009 12:22pm
Quoting Bobcat2
PT,

This is simple...I like simple...if it works.

Isn't the dot on a PSAR subject to change until the close of the current candle? If so, do you wait for the current candle to close before making a trading decision?

Thanks for sharing!
Bob
Yes Bob you do.
  • #22
  • Jan 1, 2009 12:25pm Jan 1, 2009 12:25pm
I cannot suggest a setting for the 1m TF. The system I am working with uses the 5m TF.

Pete
  • #23
  • Jan 2, 2009 9:22am Jan 2, 2009 9:22am
I am up to +51 pips this morning.
  • #24
  • Jan 2, 2009 9:26am Jan 2, 2009 9:26am
Quoting PTOURNIS
I am up to +51 pips this morning.
I'm +35 but should've been more as I'm lacking confidence due to being unsure of the settings being right for my 1 min tf.
  • #25
  • Jan 2, 2009 9:29am Jan 2, 2009 9:29am
Quoting PTOURNIS
I am up to +51 pips this morning.
Great job!! Do that every day and look out Warren Buffett!! Love the system. Very simple yet effective. One thing I did was to put on XPMA with standard settings. Seems to smooth things out a bit. Take a look and will be interested to see what you think.

Thanks
Mombone
  • #26
  • Jan 2, 2009 9:33am Jan 2, 2009 9:33am
Did you trade through this chop this morning?

Quoting PTOURNIS
I am up to +51 pips this morning.
Attached Image
  • #27
  • Jan 2, 2009 9:35am Jan 2, 2009 9:35am
I am looking for a audible alert for the Slope indicator. I thought the one attached would be it but I cannot get it to work.
Attached File(s)
File Type: ex4 Slope Direction Line Alert.ex4   7 KB | 854 downloads
  • #28
  • Jan 2, 2009 9:35am Jan 2, 2009 9:35am
just took another +5 before it came back up off 500
  • #29
  • Jan 2, 2009 9:38am Jan 2, 2009 9:38am
Quoting BenQ
Did you trade through this chop this morning?

What time was that? Also, what time frame? I start trading between 7-8am central standard time.
  • #30
  • Jan 2, 2009 9:42am Jan 2, 2009 9:42am
That was M5 chart of eurusd between 05:25 and 09:20 gmt +2.

Quoting PTOURNIS
What time was that? Also, what time frame? I start trading between 7-8am central standard time.
  • #31
  • Jan 2, 2009 9:45am Jan 2, 2009 9:45am
Quoting PTOURNIS
What time was that? Also, what time frame? I start trading between 7-8am central standard time.
15:36 gmt in 1 min tf just took another +4 looking for the larger moves with my system but accepting scalps when the move doesn't continue.

With my normal trading method I'd still be in. I trade US30 normally. I'm just grabbing a few scalps until a major fulcrum develops in the 1 min tf
Also I know how fx likes to come off round figures or just eaither side where stops are.
  • #32
  • Jan 2, 2009 9:49am Jan 2, 2009 9:49am
Highlander, what settings did you decide on for the M1?
  • #33
  • Jan 2, 2009 9:51am Jan 2, 2009 9:51am
Just exited the dow after going long at 15:20 for +42
sorry off topic, wont happen again, but I was using this system as an aid.
  • #34
  • Jan 2, 2009 10:15am Jan 2, 2009 10:15am
there it goes off the 500 mark , I was sure I was getting a nice short there in the 1 min tf
  • #35
  • Jan 2, 2009 2:57pm Jan 2, 2009 2:57pm
Well made +43 pips today before lunch. I hope everyone else did well.
  • #36
  • Jan 2, 2009 3:06pm Jan 2, 2009 3:06pm
I'm wondering, has anyone experienced whipsaw?
  • #37
  • Jan 2, 2009 3:56pm Jan 2, 2009 3:56pm
I wouldn't be surprised if there were whipsaws a plenty on the 1m timeframe but I jumped in for a few trades 3 or hours ago on the 5m on EURUSD, EURJPY, USDJPY and GBPJPY and made 120 pips or so. I always wait until the second candle being aligned and will probably start restricting my trades dependant on which markets are open. Just have a look at the last 3 hours of activity on the EURJPY, flat as a pancake.

I also can't get the slope direction alert indicator to make any noise either, maybe on of the local code gods can have a look into it, *cough* ronald *cough*. Pretty Please
  • #38
  • Jan 2, 2009 4:05pm Jan 2, 2009 4:05pm
Thanks for sharing your system. It works quite well!
  • #39
  • Jan 2, 2009 4:09pm Jan 2, 2009 4:09pm
Unfortunately, I can't code indicators very well yet. Still learning.


I did however whip up a quick EA which looks for both the PSAR and SlopeDirection to have the same direction before placing a trade.

You can choose the timeframe referenced for both the PSAR and SlopeDirection indicator. Also, as a quick note, you'll need this version of slope direction in your experts/indicators folder in order for the EA to work.

Keep in mind that if you just want the signals from the EA, set SignalsOnly to "True" and pick whatever combination of signals you so desire.
Attached File(s)
File Type: mq4 Slope Direction Line.mq4   4 KB | 1,481 downloads
File Type: mq4 Ptournis Scalping.mq4   13 KB | 1,277 downloads
  • #40
  • Jan 2, 2009 4:17pm Jan 2, 2009 4:17pm
with the 5 and 15 min MTF SAR attached looks good
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.gif Size: 19 KB
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