eur/usd scalping method

hi Ptournis,
you are using the EA or manual trading?if you are using the EA,what is the settings you use?

Look at the 1st post.

Trade according to the 1st post

looks good so far, i tried this today as aback up to two trades and took them on demo seemed tow rork pretty well i have used eagles AO as well thich deos help weed out some of the choppyness it may however prevent you from getting 95 pips too

will continue testign for the rest of the ewek it is actually quite similar system to teh QQE crossover that Ninjoputsu started a thread on in terms of the mechanics of trading it, in my opinion you are best to trade this manually rather than the EA, as the dynamics of the Eur/USD pair changes pertty often hard for an EA to keep up iwht whats going on in other timeframes, i read in previous posts that you only use an emergency Stop Loss on this is of 500 pips is that correct.

I wish people would read the entire thred ratehr than the last page before posting unhelpful repetitive questions to the start of this thread lets get creative and add valeu to the thread see how you can mke some suggestions to the improvement of the system or optimum times to trade it, my intention is to trade Europe open for 2 hours and NYopen for 1 hour with this so you can rely on the volume

I do use a SL but not quite that large.

I looked through the post but I can only find one version of this system and from what I understand there is two. Can someone post the latest version. Thanks.

Version 2 is a modification which was not made by Ptournis. ^eagle^ I think made that modification

Rough day, -89 pips

just out of curiousity - was it just a part of the game bad day or did you alter your rules?

I followed the rules

today was much better, some decent breakout runners helped, P tournis what times of the day do you trade this, i have read the thread but dont seem to recall anything mentioend on specifically the optimum trading times

Between 7-8am cst

Is this the only time you trade this technique? (notice i waited till 8 to ask)

Hi..
THe EA takes trade on every bar if we set for fixed profit.. is there any way we can build an EA that takes trade at the beginning when both SLOPE and SAR is in order and then if the trade is takes the profit .. it won't trade untill the news setup occurs.. is there any way of doing it? becus if we use say 6/10 pips profit.. if it hits it goes back to trade again in next bar..
Can anyone can do it..
I think the system is profitable..
Cheers

Hey guys

Here is an update to solve for the multiple trades per bar problem. Just set the maximum amount of trades you want.

For the original system I am not clear on how to exit the trade. If the slope indicator is changing color do I wait until the close of that candle to confirm it and then close the trade?

Thanks!

Hi Ronald..
Thanks for fixing up this.. can u do one more thing.. I tried this method on YM futures seems profitable..
Can u make this EA to trade only 8:30 - 11:30 am (CST) and 13:30 - 2:30 pm (CST). Becus during this time market becomes most volatile and good for profit taking..
Please.. update this EA with this two clause..

Thanks

There is now an addition for times. Keep in mind that you need to use the HH:MM format.

You can select between broker time and local time (your computer's clock).

aminur, I realize you wanted two sets of times. Couldn't you also just use two EAs?

Ronald,

I finally got a chance to look at your EA of the method. Great job. One issue. It seems to close positions prior to the close of the candle. The Slope indicator will fluctuate until the candle closes. The EA will close as soon as the indicator changes to the opposite color as oppose to waiting until the close.


Pete

Here is an example:

Do you always wait for the end of the candle for both open and close?

If so, set EachTickMode to "False"

If you only want the EA to close trades only at the end of the candle, let me know so I can put in that fix.