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Price Action Scalping

  • #61
  • Jan 8, 2009 11:29am Jan 8, 2009 11:29am
How would your EA have performed this week so far.
Cheers
CanuckCT

Quoting Cicero2008
Hi,
You are right, stops are large.
Many brokers are hunting for stop loses. (in case)
My EA has Protected SL. (hiden)
c.
PS.
Did you check my drowdown???
Maximal Drawdown: 20.00 (0.02%)
Have look statement!
  • #62
  • Jan 8, 2009 11:40am Jan 8, 2009 11:40am
Quoting CanuckCT
How would your EA have performed this week so far.
Cheers
CanuckCT
I didn't try PriceActionEA this week.
Many functions, need improvments.
I'm working on Scalper_Champ_4,
(PriceActionEA is based on this EA)
looking for good set up.
Cicero
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 | 1,034 downloads
  • #63
  • Jan 8, 2009 12:16pm Jan 8, 2009 12:16pm
I see those open trades at the bottom....one of my early lessons in forex was trusting an EA that somebody wrote that had an unbelievable winning percentage....in fact it never lost, cause it held on to losers until certain conditions were met....it would buy and when the market went the other way it would sell and then close when the net on the pair went into profit....has a nice smooth equity curve and then a hiccup when trades closed...then a nice smooth equity curve, then a hiccup.

Well, I put $10,000 in an account....and ran this thing...well actually someone else was monitoring the EA....it was buying the dips an GBPJPY...the only problem was that GBPJPY kept dropping. Well...that day was a huge drop....the EA got into trouble and IBFX locked up hours before the Friday close (anyone remember that day) and there I was...stuck till Sunday with all these open buy positions.

Market gapped by hundreds of points over the weekend and my $10,000 became $200 when the dust settled. So when I see open positions at the bottom like that, I always ask myself....I wonder how long that EA hangs on to losing positions.

I'd like to test your EA...not because I would ever trade it...but for the fun to see how it trades.

Cheers
CanuckCT


Quoting Cicero2008
I didn't try PriceActionEA this week.
Many functions, need improvments.
I'm working on Scalper_Champ_4,
(PriceActionEA is based on this EA)
looking for good set up.
Cicero
  • #64
  • Edited 12:56pm Jan 8, 2009 12:22pm | Edited 12:56pm
Quoting Cicero2008
I didn't try PriceActionEA this week.
Many functions, need improvments.
I'm working on Scalper_Champ_4,
(PriceActionEA is based on this EA)
looking for good set up.
Cicero
Hi Cicero,
I think both EA's will have problems with executing prices/spreads. There are so many trades close to eachother.
Trading S/R with PA only. No indicators anymore!
  • #65
  • Jan 8, 2009 12:57pm Jan 8, 2009 12:57pm
Quoting Jazz1964
Hi Cicero,
I think both EA's will have problems with executing prices. There are so many trades close to eachother.
Yes, you are right-trade context is busy.
I changed, only 4-5 trades at the time.
Cicero
Attached Image (click to enlarge)
Click to Enlarge Name: scalper_champ_screen_11.gif Size: 65 KB
  • #66
  • Jan 8, 2009 5:41pm Jan 8, 2009 5:41pm
Cannuck you started so well removing lines then out of nowhere comes a very festive looking chart covered in reds and greens and yellows! Which is it to be!

Max
Gravity goes both ways in forex...
  • #67
  • Jan 16, 2009 3:14pm Jan 16, 2009 3:14pm
Hey Max Pips,

I'm totally committed to TKPower8's M2, M3 and M8 price action way of trading....specific times of the day to trade...and on average making 100 pips a day with much much less effort.

Below is a screenshot of what I stare at.....I'm now up at 3am EST for an hour or two...back to bed. And I trade for about 2 hours in the morning...that's it.

Three timeframes...one moving average and gann for direction on each....and an RSI on M2 to identify whether there is any strength to the move and looking for divergence. So there are a few indicators...but the decision are primarily based on trendlines and price action for the trigger.

Twee managed to send this wonderful thread to the recycle for suspicion of a commercial activity. Myself, and a number of other traders, have migrated to this other forum and are focus on this method....with real time skype communication and it's working well.

You won't be seeing me post at FF much anymore....here is where I'll be.

http://www.electrolegal.com

And it's not a commercial venture....merely a generous person helping other traders.

I thank those who have helped me along the way....and am trying to do the same to others who are new.

Cheers
CanuckCT

Quoting max pips
Cannuck you started so well removing lines then out of nowhere comes a very festive looking chart covered in reds and greens and yellows! Which is it to be!

Max
Attached Image (click to enlarge)
Click to Enlarge Name: CanuckScreenshot.JPG Size: 182 KB
  • #68
  • Jan 27, 2009 10:27pm Jan 27, 2009 10:27pm
Hi Canuck and all others,

I just found this thread and it looks very interesting.
But I see no one posted here for 40 days....
Hope it comes back to life...
Price action is the real thing, I might use one or maximum two indis (bbmac is great, by the way) but aiming to learn more about PA. I like a lot the not lagging aspect of it, the clean charts and the fact it makes much more sense than looking at an indi I have no idea how it works. Kind of makes me feel I am trading, not playing an indicator's video game, lol !!!
Scalp (or short term trading, if you wish) and PA are a great combo, hope to learn it....

Cheers,

Dudu
''I am too sexy for my pips, too sexy for my pips, too sexy yeahhh...''
  • #69
  • Oct 12, 2009 2:42am Oct 12, 2009 2:42am
Currently I'm trading higher time frames using Silent Service approach...good stuff. And I have an M2 system that gives some good trades. But when I can't see anything I like, I go to this system. I offer it here for those who might find it useful. I don't plan to get into a big discussion about it....as I simply want to trade it. It's not original, just borrowed from what I read and study and have been tinkering with since I got back at trading. Participation in a lot of posting seems to interrupt my focus, so my posting on this will be minimal.

So I will simply offer a visual and the templates and indicators.

M1 collects M2 chart data and 4pip renko data.

I look at M5 for price movement and volume - my study of VSA is ongoing and uses M5 and M15 for analysis.

I time my entry using M2 and a 4 pip renko. Those two charts must be in agreement....after price crosses the 10sma, the open of the next bar is where I enter when I believe that the price is starting to move.

The swingman indicator is there as a visual only as sometimes I have a hard time reading immediate price action and I have a bias for movement. This helps me get rid of that.

Once I'm in a trade, I like to ride the 10sma on the renko chart....when it crosses back I'm out.

Here is a trade I just closed....and is typical of the trades I'm looking for...although M5 doesn't always seems to be as abvious as this trade.

I'll post indicators and templates separately.

Cheers
CanuckCT

Attached Image (click to enlarge)
Click to Enlarge Name: 2009-10-12_0333GU.png Size: 80 KB
  • #70
  • Oct 12, 2009 2:47am Oct 12, 2009 2:47am
The moving average is a 10sma....and that and the price and HA candles is how I enter. Not pure price action....I can't seem to get there on the smaller timeframes....target is generally 10 pips per trade, but will take more!
Cheers
CanuckCT
Attached File(s)
File Type: zip CanuckCT-Oct09.zip   20 KB | 1,009 downloads
  • #71
  • Oct 23, 2009 3:48pm Oct 23, 2009 3:48pm
Hi All,
- no indicators
- working only on price action (trend, up/down, spikes, doji,etc.)
- ECN scalper (5 digits)
- 526 trades per week
- net profit over 26% per week (if I will close all open trades)
- buy and sell based on action, no martingale
- 3 protections for stop losses (hiden)
- and more. (so simple)
Cicero2008
Attached Image (click to enlarge)
Click to Enlarge Name: FXCM_23_Oct_09.gif Size: 5 KB
Attached File(s)
File Type: xls FXCM_23_Oct_09.xls   696 KB | 644 downloads
  • #72
  • Oct 23, 2009 5:20pm Oct 23, 2009 5:20pm
Cicerco,
Can you PM me....I'd like to discuss just what the heck your EA is doing. I'm currently testing an EA that's doing pretty well (5.5% this week)...but that's a long way from 27%.
Cheers
CanuckCT

Quoting Cicero2008
Hi All,
- no indicators
- working only on price action (trend, up/down, spikes, doji,etc.)
- ECN scalper (5 digits)
- 526 trades per week
- net profit over 26% per week (if I will close all open trades)
- buy and sell based on action, no martingale
- 3 protections for stop losses (hiden)
- and more. (so simple)
Cicero2008
  • #73
  • Oct 23, 2009 5:50pm Oct 23, 2009 5:50pm
Quoting CanuckCT
Cicerco,
Can you PM me....I'd like to discuss just what the heck your EA is doing. I'm currently testing an EA that's doing pretty well (5.5% this week)...but that's a long way from 27%.
Cheers
CanuckCT
Hi CanuckCT,
After over 15 years on Forex, I know what is cooking on this market.
I tried many combinations of indicators, this and that, to late,
but my EA is reacting only on price movement, nothing else.
ECN Scalper is good for ECN brokers, 5 digits, no fixed spread,
open position only if spread is lower as 2 pips-good for scalping.
Cheers
Bongo
  • #74
  • Oct 23, 2009 6:21pm Oct 23, 2009 6:21pm
I'm about 15 months...with some time off in the middle for personal reasons........you've provided a graph...just wondering if you could at least describe what the EA does to interpret price action.
Cheers
CanuckCT

Quoting Cicero2008
Hi CanuckCT,
After over 15 years on Forex, I know what is cooking on this market.
I tried many combinations of indicators, this and that, to late,
but my EA is reacting only on price movement, nothing else.
ECN Scalper is good for ECN brokers, 5 digits, no fixed spread,
open position only if spread is lower as 2 pips-good for scalping.
Cheers
Bongo
  • #75
  • Oct 23, 2009 7:37pm Oct 23, 2009 7:37pm
Quoting CanuckCT
I'm about 15 months...with some time off in the middle for personal reasons........you've provided a graph...just wondering if you could at least describe what the EA does to interpret price action.
Cheers
CanuckCT
Hi,
15 months...but you are smart, your theorie is not so bad.
How my ECN EA is working:
- Price action scalper is based on:
- spikes, gaps, doji, trend, etc.. price action.
If Soros is buying, my EA is doing the same,
very simple. "Follow the big guys!"
C.
  • #76
  • Oct 23, 2009 7:40pm Oct 23, 2009 7:40pm
So I can presume you are not interested in sharing your EA.
Cheers
CanuckCT


Quoting Cicero2008
Hi,
15 months...but you are smart, your theorie is not so bad.
How my ECN EA is working:
- Price action scalper is based on:
- spikes, gaps, doji, trend, etc.. price action.
If Soros is buying, my EA is doing the same,
very simple. "Follow the big guys!"
C.
  • #77
  • Oct 23, 2009 7:56pm Oct 23, 2009 7:56pm
I'm sharing idea, forum is for sharing.
To many smart developers in this forum,
they can develope better EA.
  • #78
  • Oct 23, 2009 9:07pm Oct 23, 2009 9:07pm
You've done nothing to share what your EA is doing....seems like this discussion is a waste of time.
Cheers
CanuckCT

Quoting Cicero2008
I'm sharing idea, forum is for sharing.
To many smart developers in this forum,
they can develope better EA.
  • #79
  • Oct 23, 2009 9:34pm Oct 23, 2009 9:34pm
Quoting Cicero2008
Hi CanuckCT,
After over 15 years on Forex, ...
Cheers
Bongo
That's enough proof for me... CYA...
  • #80
  • Oct 24, 2009 2:14am Oct 24, 2009 2:14am
Known scammer:

For anyone who's interested in Bongo please follow my link trail

Beluck hates him

http://www.forex-tsd.com/186962-post24.html


how do I know?

"
Tom Sarkakis <[email protected]> 65.92.244.167, lives in Canada, but is russian, other name (possibly real one) is Dmitriy
after getting mql4 script for scalping and seeing it doesn't make money haven't paid

"

[email protected] ... hmm that's familiar!

Forex Factory - View Single Post - Pro-Scalpers?

Forex Factory - View Single Post - Price Action Scalping

Oh hey! That's familiar, isn't that the same chart in the first post here?

So who coded your work Bongo? Beluck? Laugh.


Quoting Cicero2008
Hi All,
- no indicators
- working only on price action (trend, up/down, spikes, doji,etc.)
- ECN scalper (5 digits)
- 526 trades per week
- net profit over 26% per week (if I will close all open trades)
- buy and sell based on action, no martingale
- 3 protections for stop losses (hiden)
- and more. (so simple)
Cicero2008
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