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Attachments: AM Great Scalping System
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AM Great Scalping System

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  • #1
  • First Post: Edited Nov 8, 2009 7:56am Jan 21, 2009 8:26am | Edited Nov 8, 2009 7:56am
Amarok Method
Great Scalping System

My personal blog:
http://retaforex.blogspot.com/
Happy Trading!!!

(See below to download RSI Worms indicator)

22/01/09 UPDATE:
Template, new helpful indicators and stup image upload.

08/11/09
New blog link added.
Attached Image (click to enlarge)
Click to Enlarge Name: amarok2.jpg Size: 262 KB
Attached File(s)
File Type: ex4 RSI Worms.ex4   10 KB | 1,133 downloads
File Type: mq4 FerruFx_Multi_info.mq4   87 KB | 927 downloads | Uploaded Jan 22, 2009 4:49pm
File Type: ex4 EJ_CandleTime.ex4   2 KB | 804 downloads | Uploaded Jan 22, 2009 4:53pm
File Type: tpl wma_gmma.tpl   13 KB | 807 downloads | Uploaded Jan 22, 2009 5:13pm
File Type: tpl amarok_method_v1.tpl   9 KB | 866 downloads | Uploaded Jan 22, 2009 5:19pm
  • #2
  • Jan 21, 2009 8:31am Jan 21, 2009 8:31am
Hi,

looks like the C(anadian)D(ude) system with an adjusted exit.
  • #3
  • Jan 21, 2009 8:35am Jan 21, 2009 8:35am
Quoting MCFly
Hi,

looks like the C(anadian)D(ude) system with an adjusted exit.
I didn't know who was the creator.
I've found a similar system on a blog, and i've optimized exits. This is my personal setup.
  • #4
  • Jan 21, 2009 8:45am Jan 21, 2009 8:45am
Quoting Retal1ator
I didn't know who was the creator.
I've found a similar system on a blog, and i've optimized exits. This is my personal setup.
Hi,

you can find the original thread (Canadian Dude's Fx Prime) in the recycle bin. There is another thread called Fx-50 Great Scalping System with improvements of the base method.

Attached some indicators which will help you
Attached File(s)
File Type: mq4 DoublecciWoody.mq4   6 KB | 827 downloads
File Type: ex4 DoublecciWoody.ex4   6 KB | 624 downloads
File Type: mq4 RSI HistoAlert v2.mq4   4 KB | 764 downloads
File Type: ex4 RSI HistoAlert v2.ex4   5 KB | 631 downloads
  • #5
  • Jan 21, 2009 9:04am Jan 21, 2009 9:04am
Quoting MCFly
Hi,

you can find the original thread (Canadian Dude's Fx Prime) in the recycle bin. There is another thread called Fx-50 Great Scalping System with improvements of the base method.

Attached some indicators which will help you
Thank you for your help!
I've tried FX-50, but I don't like it... I prefer my own system.
  • #6
  • Jan 21, 2009 9:08am Jan 21, 2009 9:08am
Looks interesting...

I think I'll give it a whirl.

What is the multicolored line in the chart window with the "worms"? Is that your RSI 14?

And does it matter which CCI crosses first?

Thanks,
revrobwimb
  • #7
  • Jan 21, 2009 9:16am Jan 21, 2009 9:16am
Quoting Retal1ator
Thank you for your help!
I've tried FX-50, but I don't like it... I prefer my own system.
I don't use this system but I have heard that it is difficult to trade at the moment on the 1 min tf. In consequence some people switched to the 5 min or higher tf.

How do you perform these days?
  • #8
  • Jan 21, 2009 3:15pm Jan 21, 2009 3:15pm
Quoting revrobwimb
Looks interesting...

I think I'll give it a whirl.

What is the multicolored line in the chart window with the "worms"? Is that your RSI 14?

And does it matter which CCI crosses first?

Thanks,
revrobwimb
RSI worms are created by 3 different RSI:

1) RSI with 5 period with oversold and overbought levels of 15 and 85 (GREAT WORMS)
2) RSI with 5 period with oversold and overbought levels of 20 and 80 (MEDIUM WORMS)
3) RSI with 5 period with oversold and overbought levels of 25 and 75 (SMALL WORMS)

Of corse, an additional RSI 14 is used to spot entry.

For a long entry, RSI 14 must be above 55 level, CCI 170 must be above 0 level and CCI 34 cross 0 level.
  • #9
  • Jan 21, 2009 3:28pm Jan 21, 2009 3:28pm
Quoting MCFly
I don't use this system but I have heard that it is difficult to trade at the moment on the 1 min tf. In consequence some people switched to the 5 min or higher tf.

How do you perform these days?
My system is based on PURE scalping. This means that I always close my position when I reach a 7-8 pips profit, depending on trend strenght, or always when RSI worms predict a trend change. Sometimes I close my position in just few seconds...
  • #10
  • Jan 21, 2009 4:08pm Jan 21, 2009 4:08pm
Whats your success like?

How many trades roughly do you get in a day, and how many trades win and lose, as a percentage roughly?

Looks interesting.
  • #11
  • Jan 21, 2009 4:56pm Jan 21, 2009 4:56pm
Quoting WilteredFire
Whats your success like?

How many trades roughly do you get in a day, and how many trades win and lose, as a percentage roughly?

Looks interesting.
In the last days I've made about 50 pips, trading few hours. Trading only on EURUSD valid entry signal occurs every 30-120 minutes. Win ratio is about 70-80% of all trades. Using 5% of my total account balance I was able to make 500$ with a 10000$ account in just few hours of trading. Not Bad!

This is my first little report.
Hope you enjoyed.
  • #12
  • Jan 21, 2009 9:18pm Jan 21, 2009 9:18pm
Can you please post your template?
  • #13
  • Edited 11:07pm Jan 21, 2009 11:02pm | Edited 11:07pm
I enjoy the smell of a good scalp in the morning... smells like... victory.

That said, it sounds like you've done very limited discretionary trading with this system. My apologies if I'm wrong, and if I am wrong, could you please advise on stats for 2008 for example? I might be willing to do a bit of testing myself, but I'd like to know how it did in say, Sept 08. That one was a killer.

I'm not a MT user else I'd just fire it up myself and see, though if there is some potential here, I might be willing to see what I can wedge into my platform.

Best regards.

*I should add that in my view threshold based assesment such as what you are doing with the RSI I believe to be a very good practice in general. It removes a level of subjectivity from the use of the system, though the implication of the worm strengths it still a bit foggy.
  • #14
  • Jan 22, 2009 3:14am Jan 22, 2009 3:14am
On which TF do you use the system..on your blog the chart is small and I cannot see what is the TF of your chart
  • #15
  • Jan 22, 2009 11:18am Jan 22, 2009 11:18am
Quoting emeric33
On which TF do you use the system..on your blog the chart is small and I cannot see what is the TF of your chart
I use only M1 timeframe.

I do not why but I cannot upload my template... I'm trying to fix that problem.
  • #16
  • Jan 22, 2009 11:56am Jan 22, 2009 11:56am
Quoting Retal1ator
I use only M1 timeframe.

I do not why but I cannot upload my template... I'm trying to fix that problem.
Should be able to post it, that should help us all understand your method.
  • #17
  • Edited 4:56pm Jan 22, 2009 4:45pm | Edited 4:56pm
Template upload.
I've also attached a image of my MT4 stup in trading.

Go to first post to see updates!!!
Attached Image (click to enlarge)
Click to Enlarge Name: amarok2.jpg Size: 262 KB
Attached File(s)
File Type: tpl amarok_method_v1.tpl   9 KB | 489 downloads
  • #18
  • Jan 28, 2009 9:14am Jan 28, 2009 9:14am
From where can I get RSI Worms.mq4?I really NEED it!
  • #19
  • Jan 28, 2009 5:37pm Jan 28, 2009 5:37pm
Quoting vladv
From where can I get RSI Worms.mq4?I really NEED it!
Look here
This is the first post, you can download from here. Go to the bottom of the page.
  • #20
  • Feb 5, 2009 2:51am Feb 5, 2009 2:51am
Quoting Retal1ator
Amarok Method
Great Scalping System

Click the link below to see the whole system with chart setup:

Amarok Method @ Retal1ator's Blog

Happy Trading!!!

(See below to download RSI Worms indicator)

22/01/09 UPDATE:
[b][color=red]Template, new helpful...
Hi, RSI Worms repaint the past?. Thanks.
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