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eur/usd scalping method

  • #181
  • Jan 7, 2009 11:07pm Jan 7, 2009 11:07pm
Quoting PTOURNIS
I have been experimenting with this scalping method for a SHORT time. I want to stress this. The system works as follows:

Eur/Usd 5 min chart

Place PSAR (.02,.2) and the Slope Indicator (12,3,0)

Go long/short when both indicators are in agreement.

Exit when the Slope indicator is opposite to the PSAR.

Reenter when the Slope Indicator is in agreement with the PSAR

How do i get a download of the alert psar.Could you be d=so kind as to attach a copy here................
  • #182
  • Jan 7, 2009 11:55pm Jan 7, 2009 11:55pm
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting hustle&flow
How do i get a download of the alert psar.Could you be d=so kind as to attach a copy here................

u get crazy by the noise
Attached File(s)
File Type: mq4 Parabolic_Alert.mq4   8 KB | 541 downloads
  • #183
  • Jan 8, 2009 12:09am Jan 8, 2009 12:09am
Quoting PTOURNIS
I have been experimenting with this scalping method for a SHORT time. I want to stress this. The system works as follows:

Eur/Usd 5 min chart

Place PSAR (.02,.2) and the Slope Indicator (12,3,0)

Go long/short when both indicators are in agreement.

Exit when the Slope indicator is opposite to the PSAR.

Reenter when the Slope Indicator is in agreement with the PSAR
Thank you very much for sharing this strategy. It is very simple, clean and removes emotions from the trade.

Thanks a ton!
  • #184
  • Jan 8, 2009 1:53am Jan 8, 2009 1:53am
Quoting onu
u get crazy by the noise



Thanks but the attachments isnt working maybe you can try sending it again.
  • #185
  • Jan 8, 2009 2:08am Jan 8, 2009 2:08am
Well,thanks 4 this simple system...the simplest n usefull...

Can I use it on other volatile pairs,like GBPUSD,USDJPY,EURGBP...etc?

thanks again.
  • #186
  • Jan 8, 2009 2:20am Jan 8, 2009 2:20am
Signing up.

Lenoxer
  • #187
  • Jan 8, 2009 3:24am Jan 8, 2009 3:24am
Hi, just trying it... and got this condition

I knew some1 asked this before, and you said "nope, the slope doesn't repaint".. well 4 me, it doens't matter anyway.. but i'm just plotting all the indies (slope and psar), checking other pair, then i see a re-entry signal (when psar still in bullish trend, slope back to green from slight red reversal, the candle was strong bullish... wait till close then entry long... it was eur-usd 5m tf, candle 09:25 (on gmt +2 platform)... then the next candle going red, when it finally closed at 1.3631 i'm cutting my previous long and enter short, turns out to be down break-out for 90 pips.

when that bearish candle at 09:30 completed the green slope at 09:20 and 09:25 is completely red. I saw it changing colour couple time at that 09:30 candle before it completely changing. That's why i'm cutiing my long that i believe was a re-entry signal for long.

That happened again during the making of 10:15 candle, when the price went down to 1.3561 all the green slope at two candles before it turns red. But when it finally closed at 1.3573, the slope from 10:05 and 10:10 candle back to green again.

Its kind of scarry when it changing all the colours from the past two candles.. it is normal when it only changing at the current candle untill it closed.

So, on that condition what would you do?.. or is what i did by cutting it lost and vice-versing order is ok for the rest of that kind conditions?

Regards,
RaR
  • #188
  • Jan 8, 2009 3:32am Jan 8, 2009 3:32am
Quoting RaR
Hi, just trying it... and got this condition

I knew some1 asked this before, and you said "nope, the slope doesn't repaint".. well 4 me, it doens't matter anyway.. but i'm just plotting all the indies (slope and psar), checking other pair, then i see a re-entry signal (when psar still in bullish trend, slope back to green from slight red reversal, the candle was strong bullish... wait till close then entry long... it was eur-usd 5m tf, candle 09:25 (on gmt +2 platform)... then the next candle going red, when it finally closed at 1.3631...

I am sorry but I do not understand your question at all.
  • #189
  • Jan 8, 2009 3:51am Jan 8, 2009 3:51am
Just want to commend the owner of this thread for such an amazing system. Simple yet sophisticated. I have been silently trying the system and with very impressive results when used with good understanding of price action and candle stick formations.
He that is from above is above all.
  • #190
  • Jan 8, 2009 3:55am Jan 8, 2009 3:55am
Quoting PTOURNIS
I am sorry but I do not understand your question at all.
I'm trying it manually by using agreement from both indies, which are slope direction line and psar... and since one of them, which is slope direction line, is repainting the colour. it changing the blue colour from the last two candles, where that two candles are forming bullish trend, which mean still in the main trend after a small bearish,.. and when the third candle appears and closed deeper down.. all the blue colours that was established since 10 minutes ago (2 candles) is changing to red, indicating the trend is bearish now.

My question is... on that kind of condition.. we will find a signal for re-entry according to your rules... but since the slope can change all the colours from several candles before it, in history, later,.. there were no evidence of re-entry signal. This is my question... in that kind of case what will you do after you enter for re-entry long, and in 5 minutes all the signal vanished and turn to sell signal... what will you do with that.

What i did was closing my minus long after the closed of the candle that caused it all, and entering a sell. This is my 2nd question.. is this the right thing to do according to you system and rules....

cheers,
RaR
Attached Image (click to enlarge)
Click to Enlarge Name: slope changes.gif Size: 39 KB
  • #191
  • Jan 8, 2009 4:21am Jan 8, 2009 4:21am
I'm testing your EA all day long on my pc on EURUSD and ESDJPY. I'll report my results at the end of the day. Stay tuned!
  • #192
  • Jan 8, 2009 6:39am Jan 8, 2009 6:39am
I tried the EA, it did not open trade for me despite it showed on the trade trigger as open long or open short. However, when I manually input trades, the EA close the trade for me when PSAR and Slope in opposite direction! Please advise.
  • #193
  • Jan 8, 2009 6:43am Jan 8, 2009 6:43am
Quoting Fumiryu
I tried the EA, it did not open trade for me despite it showed on the trade trigger as open long or open short. However, when I manually input trades, the EA close the trade for me when PSAR and Slope in opposite direction! Please advise.
I think people should understand general using of EAs before applying one...

Anyway, to avoid EA closing trades, you must change the "Magic Number" parameter to anything different from 0.
  • #194
  • Jan 8, 2009 10:52am Jan 8, 2009 10:52am
Well, I did not trade around the news. I got whipsawed a little but still managed to get 10 pips today. How did everyone else do?
  • #195
  • Jan 8, 2009 11:15am Jan 8, 2009 11:15am
Hi,
I am sorry but I do not understand,
scalping strategy with 30 pips take profit?
Can you tell me what scalping it is?
Thanks.
Cicero
  • #196
  • Jan 8, 2009 11:25am Jan 8, 2009 11:25am
Scalping suppose to look like that:
(see attachment).
2-5 pips TP,
one minute or less on the market.
Attached Image (click to enlarge)
Click to Enlarge Name: ScalperChamp4_8-1-9.gif Size: 5 KB
Attached File(s)
File Type: txt ScalperChamp4_8-1-9.txt   133 KB | 606 downloads
  • #197
  • Jan 8, 2009 11:34am Jan 8, 2009 11:34am
still learning this method ..

am interested in it.
  • #198
  • Jan 8, 2009 12:06pm Jan 8, 2009 12:06pm
Quoting Cicero2008
Scalping suppose to look like that:
(see attachment).
2-5 pips TP,
one minute or less on the market.
Cierco,

Your text is a little confusing. You have nothing but winning trades but they are not in sequential date order. Then most of your floating trades are losses. Can you explain?

Pete
  • #199
  • Jan 8, 2009 12:13pm Jan 8, 2009 12:13pm
Thank you so much for this amazing system i am testing it the last two days and the results are great .. Thank You Again
  • #200
  • Jan 8, 2009 12:16pm Jan 8, 2009 12:16pm
guys..do i have always to confirm the indicator between 5M TF and 15M TF?
or just watching only 5M TF...?
Thanks
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