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eur/usd scalping method

  • #221
  • Jan 9, 2009 1:04am Jan 9, 2009 1:04am
Quoting ^eagle^
http://www.forexfactory.com/[IMG...ing/sniper.jpg[/IMG]http://www.forexfactory.com/[IMG...ing/sniper.jpg[/IMG]http://i7.photobucket.com/albums/y28...ing/sniper.jpg


Heres a screen shot of what it should look like The only trend that was tradeable here was the sharp downtrend in the middle. AO's are red AND pointing dwon. All slope lines and PSARS are red.

The uptrends are not tradeable because even though...

Do you mind if I ask, what's AO and how do I get it?
  • #222
  • Jan 9, 2009 3:04am Jan 9, 2009 3:04am
Hello Ptournis
how do you get the Par SAR to refresh itself ?
If let it run for some time, then either rightclick on Psar and click ok or change timeframes back and forth, the Psar then only refreshes itself and it looks the way it should, perfectly following the trend !
Thank you
  • #223
  • Jan 9, 2009 3:21am Jan 9, 2009 3:21am
Quoting globalinvest
Hello Ptournis
how do you get the Par SAR to refresh itself ?
If let it run for some time, then either rightclick on Psar and click ok or change timeframes back and forth, the Psar then only refreshes itself and it looks the way it should, perfectly following the trend !
Thank you

I do not know how to solve your issue. This is not a unique indicator. It already comes with MT4. Sorry I am not a MT4 expert.

Pete
  • #224
  • Jan 9, 2009 4:46am Jan 9, 2009 4:46am
Hi all,

I would like to thank for this great system,
It looks really promising, I am following it since page 1.

Just one question,
I see there are several settings for these indies,
is it possible to have the "almost" definitive ones? Maybe together with the definitive indies for this great system

I have some confusion on which ones to look at..

Eagle, your template looks really good, but I have the same troubles with the slopes, are we the only?

Really thanks for your efforts and help,
good pips to everyone!

Iopoipoi
  • #225
  • Edited 6:53am Jan 9, 2009 6:35am | Edited 6:53am
Quoting bunmienator
Do you mind if I ask, what's AO and how do I get it?
Bill Williams Awesome Oscilator which will already be loaded in your indicators folder and accessible through the; Indicators>Bill Williams tab in your MT4 brokers platform.
  • #226
  • Jan 9, 2009 9:37am Jan 9, 2009 9:37am
I hope everyone picked up some good pips this morning.
  • #227
  • Jan 9, 2009 9:39am Jan 9, 2009 9:39am
Slope line inputs
12,3,1
12,3,4
12,3,0


PSAR
colors:
red top
blue bottom
inputs .04, .4
Precision 7

awesome Ocillaotr
Vlaue up blue
Value down Red
Rest default

This is for 30m Time frame
You have to monkey with the PSAR settings until they line up with the AO.
I Think default PSAR works well with 5m TF

And make sure these settings match the settings you input into the EA.
  • #228
  • Jan 9, 2009 9:42am Jan 9, 2009 9:42am
Quoting PTOURNIS
I hope everyone picked up some good pips this morning.

Yeah I did great. wish I had a better trading station. i could have mad a shitload today!
  • #229
  • Jan 9, 2009 10:08am Jan 9, 2009 10:08am
Quoting ^eagle^
http://www.forexfactory.com/[IMG...ing/sniper.jpg[/IMG]http://www.forexfactory.com/[IMG...ing/sniper.jpg[/IMG]http://i7.photobucket.com/albums/y28...ing/sniper.jpg


Heres a screen shot of what it should look like The only trend that was tradeable here was the sharp downtrend in the middle. AO's are red AND pointing dwon. All slope lines and PSARS are red.

The uptrends are not tradeable because even though...
Would be nice to see the EA use your guidelines before entering a trade. Myself I won't enter if the slope changes color before the parabolic. I prefer both to change at the same time, or the parabolic just before is also ok. And then of course the AO being the correct color and direction. Miss out on alot of trades. But also miss out on plenty of losing trades. A quick 10 pips is all I'm looking for.

thx,
todd
  • #230
  • Jan 9, 2009 10:22am Jan 9, 2009 10:22am
I have a problem with my ea. It only opens sell trades and it doesnt close them even on reversal. the psar direction changes between short and long but the slope only stays short and the trade none even if the slope on the graph is blue. how can i fix this?
  • #231
  • Jan 9, 2009 11:54am Jan 9, 2009 11:54am
Thanks for the thread.

This is a fantatsic system. Simple and forces you to watch the price action. It gave some tremendous pips today ( that i regrettably only watched).

I have read this thread a few times and cannot seem to find any discussion on the placement of the initial Stop Loss. Is this to say that it is left up to the discretion of the trader? Or have I simply overlooked something?

Thanks in advance for your time and consideration.
  • #232
  • Jan 9, 2009 12:14pm Jan 9, 2009 12:14pm
Quoting enochben
Thanks for the thread.

This is a fantatsic system. Simple and forces you to watch the price action. It gave some tremendous pips today ( that i regrettably only watched).

I have read this thread a few times and cannot seem to find any discussion on the placement of the initial Stop Loss. Is this to say that it is left up to the discretion of the trader? Or have I simply overlooked something?

Thanks in advance for your time and consideration.

Pete stated that there is no intital SL. However, I personally employ a "doomsday" SL @ 500 pips in all of my trades just in case my trading platform or broker feed goes dead to ensure that a large loss doesn't become catastrophic before I am able to intervene.
  • #233
  • Jan 9, 2009 12:51pm Jan 9, 2009 12:51pm
Quoting Bobcat2
Pete stated that there is no intital SL. However, I personally employ a "doomsday" SL @ 500 pips in all of my trades just in case my trading platform or broker feed goes dead to ensure that a large loss doesn't become catastrophic before I am able to intervene.
I also put in a SL for this exact reason, but it is irrevelant to the system so I have not stated it.
  • #234
  • Jan 9, 2009 12:56pm Jan 9, 2009 12:56pm
I downloaded Slope Direction line indicator but I can't see in indicator folder when I open MT4, can you tell me what's wrong please, I would really appreciated.

Have a nice trading

Nagen
  • #235
  • Jan 9, 2009 1:06pm Jan 9, 2009 1:06pm
Hi..
I have been reading this thread .. by the time i came to the last page.. i found too many version .. and also half working EA version..
can anyone please post how to trade this systeam and any template it needs and also working EA in the next post..

Thanks heaps in advance...
Cheers
  • #236
  • Jan 9, 2009 1:09pm Jan 9, 2009 1:09pm
What makes you say the EA is 'half-working'? Do tell me, have you tried t?

There are only 2 versions if ever: The original, and the original with AO.
  • #237
  • Jan 9, 2009 1:14pm Jan 9, 2009 1:14pm
No offence bro..
It does trade.. but .. once it didn't put any profit-target..
can u confirm that it is working .. also.. can u please attach it again in next post?
Thanks
  • #238
  • Jan 9, 2009 1:16pm Jan 9, 2009 1:16pm
Profit target? This system closes trades on specific signals, not specific gains. Can you tell me--in your own words--what you expect the EA to do? And what you expect the system to do?
  • #239
  • Jan 9, 2009 1:23pm Jan 9, 2009 1:23pm
ok got you.. can u please post both working version EA ..
and for profit target.. if i can get 5-10 pips profit .. is good enough for me..

cheers
  • #240
  • Jan 9, 2009 1:40pm Jan 9, 2009 1:40pm
Quoting Ronald Raygun
What makes you say the EA is 'half-working'? Do tell me, have you tried t?

There are only 2 versions if ever: The original, and the original with AO.
Does or CAN the original EA use the AO settings also for entering a trade? I like the way 'eagle' is using this method and was wondering if that's possible.

thx,
todd
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