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FX-50 Great Scalping System

  • #1,261
  • Jan 12, 2009 7:19pm Jan 12, 2009 7:19pm
Quoting CanuckCT


FORGOT TO MENTION.
Anyone using my template please be aware that any indicator with time settings of any kind are for +2gmt so you will need to adjust accordingly. i.e SDX-Pivots and the breakout zones, both adjustable when you check the indi properties
Hello, is this time setting for MT4 server time or my local time ?

pjo
  • #1,262
  • Jan 13, 2009 3:57am Jan 13, 2009 3:57am
Thanks DirkH,

I am following since V1, but too many indicators and settings to look at
i can't understand the right ones
still too many false signals for my way of trading and my competences

so, when I saw your graph, it looks clear and simple
amazing to me

I have also some troubles with xp MA, doesn't show the line..I hope I will set it right


really thanks
  • #1,263
  • Jan 13, 2009 9:00am Jan 13, 2009 9:00am
Hi
is there a way to change the color of the RSI line whenever its above or below 5545?

tnx
  • #1,264
  • Jan 13, 2009 9:12am Jan 13, 2009 9:12am
Quoting DirkH143
I basically follow the system that fxtrading24 presents in this thread. Trust me it is a good one. The only difference on my chart's is that I use a RSI8 55/45 to confirm entry. Just follow this system and you will be good.

D.
why the old one show ema up and the trend down?.i cant put the new one becuase i will iose the old one .its the same name can you change the name thanx
  • #1,265
  • Jan 13, 2009 9:20am Jan 13, 2009 9:20am
Quoting avi
why the old one show ema up and the trend down?.i cant put the new one becuase i will iose the old one .its the same name can you change the name thanx
zerolagstochvbobreversed [2] mq 4
  • #1,266
  • Jan 13, 2009 9:30am Jan 13, 2009 9:30am
Quoting avi
why the old one show ema up and the trend down?.i cant put the new one becuase i will iose the old one .its the same name can you change the name thanx

What you can do to keep both is to rename the _BarsV4.mq4 to _BarsV4AVI.mq4 for example. That way you can keep the old one and also the other one.

D.
  • #1,267
  • Jan 13, 2009 9:48am Jan 13, 2009 9:48am
Quoting iopoipoi
Thanks DirkH,

I am following since V1, but too many indicators and settings to look at
i can't understand the right ones
still too many false signals for my way of trading and my competences

so, when I saw your graph, it looks clear and simple
amazing to me

I have also some troubles with xp MA, doesn't show the line..I hope I will set it right


really thanks


Let me ask you a question. What is your way of trading?

D.
  • #1,268
  • Jan 13, 2009 10:02am Jan 13, 2009 10:02am
no much trades,

so I can't tolerate many losses for fewer wins

when I tested this system I collected several false signals

with some good signals

I can stay few hours in front of the monitor, so if I take always the "bad" times it is the worst thing for me
  • #1,269
  • Jan 13, 2009 10:27am Jan 13, 2009 10:27am
Quoting iopoipoi
no much trades,

so I can't tolerate many losses for fewer wins

when I tested this system I collected several false signals

with some good signals

I can stay few hours in front of the monitor, so if I take always the "bad" times it is the worst thing for me
OK. As you know, playing with the 1min chart is a very risky thing to do, that's why most traders go with the 5 or 15min chart. That filters out some of the false signals. The different systems or templates that you could get or have already from the V1 and now V2 versions give some good signals on the 1 min chart. On the 5 min chart those signals are a little bit safer. I also would recommend that you trade only the European session that goes into the US session. The times I like to trade is start 1hr before European session starts and stop 2hr before it ends. This is where you get the most out of the session.

You have to decide on which time frame you wanna trade, 1min or 5 min. You can not avoid false signals all the time. Get to know your charts. I hate to say that but get a feeling for the chart you wanna trade and you will be a better trader in the long run.

Today for example, the GBP/USD and the EUR/USD were very choppy and it was hard to get a good signal. When you recognize that this happens, you just switch to another currency. EUR/JPY for example had some very well signals to trade for.

Alright e` then.

D.
  • #1,270
  • Jan 13, 2009 11:32am Jan 13, 2009 11:32am
[
You have to decide on which time frame you wanna trade, 1min or 5 min. You can not avoid false signals all the time. Get to know your charts. I hate to say that but get a feeling for the chart you wanna trade and you will be a better trader in the long run.
Today for example, the GBP/USD and the EUR/USD were very choppy and it was hard to get a good signal. When you recognize that this happens, you just switch to another currency. EUR/JPY for example had some very well signals to trade for.

D.[/quote]

you're absolutely right i'm using special settings on TF5min demo count
only CCI 79 & 24 and SMA 50 & Pivots points
today 128 pips with 4 trades (and without emotion)
waiting for retracement toward sMA and looking CCI24 to cross zeroline and go short FOUR times on euro$
4 shorts and 4 winners !
quiet simple
I remember one day 24 trades and 23 goods 1 loss with the same technique
easy and simple and nerver countertrend (SMA50!!!)
kino
  • #1,271
  • Jan 13, 2009 12:08pm Jan 13, 2009 12:08pm
Quoting kinonen
[
You have to decide on which time frame you wanna trade, 1min or 5 min. You can not avoid false signals all the time. Get to know your charts. I hate to say that but get a feeling for the chart you wanna trade and you will be a better trader in the long run.
Today for example, the GBP/USD and the EUR/USD were very choppy and it was hard to get a good signal. When you recognize that this happens, you just switch to another currency. EUR/JPY for example had some very well signals to trade for.

D.
you're absolutely right i'm using special settings on TF5min demo count
only CCI 79 & 24 and SMA 50 & Pivots points
today 128 pips with 4 trades (and without emotion)
waiting for retracement toward sMA and looking CCI24 to cross zeroline and go short FOUR times on euro$
4 shorts and 4 winners !
quiet simple
I remember one day 24 trades and 23 goods 1 loss with the same technique
easy and simple and nerver countertrend (SMA50!!!)
Attached Image (click to enlarge)
Click to Enlarge Name: Today's trades.JPG Size: 194 KB
  • #1,272
  • Jan 13, 2009 12:13pm Jan 13, 2009 12:13pm
very thanks to all for your help

I will look to take care of all your advices, and hope to take some good pips soon thanks to you!

thanksssssssssssssssssss
  • #1,273
  • Jan 13, 2009 1:25pm Jan 13, 2009 1:25pm
Quoting teddyb
Hi
is there a way to change the color of the RSI line whenever its above or below 5545?

tnx
Here you go
Attached File(s)
File Type: mq4 Color RSI v1.01.mq4   11 KB | 629 downloads
  • #1,274
  • Jan 14, 2009 2:12am Jan 14, 2009 2:12am
Quoting DirkH143
What you can do to keep both is to rename the _BarsV4.mq4 to _BarsV4AVI.mq4 for example. That way you can keep the old one and also the other one.

D.
first thnx but when i put it on the chart its empty??? help
  • #1,275
  • Jan 14, 2009 3:45am Jan 14, 2009 3:45am
Quoting celticheart
Here you go
Thanks
  • #1,276
  • Jan 14, 2009 3:53am Jan 14, 2009 3:53am
Excuse me Kino,

when you talk about CCI 24 to cross 0 line,
do you mean always after CCI 79 has already crossed?
the same as the original method?

and for pivots do you use a special indy, I found many here around, still I have a lot to learn..

thanksss!!
  • #1,277
  • Jan 14, 2009 6:19pm Jan 14, 2009 6:19pm
Hey Fxtrading24,

What are you up to? Anything new?

Appreciated.
D.
  • #1,278
  • Jan 14, 2009 7:01pm Jan 14, 2009 7:01pm
Quoting DirkH143
Hey Fxtrading24,

What are you up to? Anything new?

Appreciated.
D.
Hi DirkH sorry just been so busy, with some other stuff I will get more time next week. I am looking more at trading the 5 minute time frame for trading. I have done some work on the indicator for v2 just need to do some more testing and tweaking. Here is what I have so far if you want to play around with it on the five minute here is the mql code.
Attached File(s)
File Type: zip FXprime_V2 Final_10.zip   9 KB | 1,135 downloads
It Is Not The Exit That Concerns Me, As It Is The Re-Entry
  • #1,279
  • Jan 14, 2009 7:06pm Jan 14, 2009 7:06pm
Quoting fxtrading24
Hi DirkH sorry just been so busy, with some other stuff I will get more time next week. I am looking more at trading the 5 minute time frame for trading. I have done some work on the indicator for v2 just need to do some more testing and tweaking. Here is what I have so far if you want to play around with it on the five minute here is the mql code.

It's good to hear from you again. I had worries that the ship started to sink on this thread. It was quite quiet here for a while. But thanks that you responded.

D.
  • #1,280
  • Jan 14, 2009 7:07pm Jan 14, 2009 7:07pm
Quoting DirkH143
It's good to hear from you again. I had worries that the ship started to sink on this thread. It was quite quiet here for a while. But thanks that you responded.

D.
Ya I hope we can get it going again, I will have more time next week hopefully and get this thing down and making some good pips.
It Is Not The Exit That Concerns Me, As It Is The Re-Entry
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