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FX-50 Great Scalping System

  • #1,441
  • Feb 11, 2009 1:12am Feb 11, 2009 1:12am
boy its so much easier with those scripts
Don't forget Practice + Patience + Persistence = Profits
  • #1,442
  • Feb 11, 2009 1:33am Feb 11, 2009 1:33am
Quoting maxzeus
boy its so much easier with those scripts
Well here is a must read thread why those scripts should be used:

http://www.forex-tsd.com/metatrader-...terbankfx.html

Have a great trading day using the fabulous FX-50 trading system,

John
  • #1,443
  • Feb 11, 2009 3:37am Feb 11, 2009 3:37am
I also only use scripts. I'll test the few loaded and see how different they are from mine. If I still like mine better I'll up load them here. watch trailinglines script. it very nice but does not always close a order when it should.
  • #1,444
  • Feb 11, 2009 3:43am Feb 11, 2009 3:43am
I'll look over those 2 other MA's tomorrow when I have time. I like a standard MA, tried to trade the XPMA once before and live I didn't do well with it. Plus I have 3 or 4 updated versions since the one you posted came out. I'll try and find them. thanks for posting them

LOL was meant for journal. Over slept tonight busy day with my boys....still waking up.
  • #1,445
  • Feb 11, 2009 5:07am Feb 11, 2009 5:07am
I've been following this thread since the start and had fair results trading the 1 min chart (live account)

I have however been trading 5min charts for great results. Just wondering anyone else been doing the same?

Many thanks
  • #1,446
  • Feb 11, 2009 5:09am Feb 11, 2009 5:09am
depends how the market is moving...but yes at times I trade the 5m
  • #1,447
  • Feb 11, 2009 5:34am Feb 11, 2009 5:34am
[quote=John Edwards;2529248][quote=kinonen;2528555]

Hi Kino,

I don't want to come across like Mr Know-it-all and certainly don't want to kick in open doors, but since you have not traded a live account yet..... I want to give you a bit of advice, for I know that most traders have experienced a big difference trading demo versus real live account..... which has to do with emotion and fear of loosing real money.

thanks a lot for your answer and advices
when i'll be ready i'll carefull
kino
  • #1,448
  • Feb 11, 2009 8:27am Feb 11, 2009 8:27am
Its nice that some of you still profit from this system, I for one don't have luck trading it now in 2009, I had about 10 losses in a row, I don't know if I really pick only ''the ones'', after pulling a trigger, market always seems to turn direction, no matter how good signal looks like...
  • #1,449
  • Feb 11, 2009 9:44am Feb 11, 2009 9:44am
Quoting gasgas
Its nice that some of you still profit from this system, I for one don't have luck trading it now in 2009, I had about 10 losses in a row, I don't know if I really pick only ''the ones'', after pulling a trigger, market always seems to turn direction, no matter how good signal looks like...

Yeah I hear ya. It's a tough market right now. Barely making some money. Most of the time I break even. I just hope that the situation will soon change. I hate to see the market like that.

D.
  • #1,450
  • Feb 11, 2009 10:50am Feb 11, 2009 10:50am
Quoting gasgas
Its nice that some of you still profit from this system, I for one don't have luck trading it now in 2009, I had about 10 losses in a row, I don't know if I really pick only ''the ones'', after pulling a trigger, market always seems to turn direction, no matter how good signal looks like...
Obviously you do something wrong or don't validate your trades on the TF5 before pulling the trigger.

Something else you may want to have a look at is divergencies. You have to develop an eye for that on the CCI as well. Look for divergencies and you will have better trade setups.

Here is a pdf on divergencies.

Cheers, John
Attached File(s)
File Type: pdf DivergenceA.pdf   1.1 MB | 1,984 downloads
  • #1,451
  • Feb 11, 2009 11:11am Feb 11, 2009 11:11am
Quoting stinger007
I've been following this thread since the start and had fair results trading the 1 min chart (live account)

I have however been trading 5min charts for great results. Just wondering anyone else been doing the same?

Many thanks
sup stinger, I am monitoring this method using the 5m but more often now on the 15m. Its far more stable and provides less trades which sometimes is better as you risk over trading. thing is, I cannot watch it all day and so I miss certain moves. I work full time so I am looking at trying to have some sort of alarm to alert me when a trade is imminent. I have been testing a CCI alert however, it only alerts when the current profile is selected. I have various profiles for my currencies.
  • #1,452
  • Feb 11, 2009 11:24am Feb 11, 2009 11:24am
Hi, I have an indicator named fib generator. Can some one here change this indicator so it only shows the zig zag and three fib numbers , the 00, the 50, and the 100 fib lines.
Attached File(s)
File Type: mq4 fib generator.mq4   12 KB | 624 downloads
File Type: ex4 fib generator.ex4   10 KB | 506 downloads
  • #1,453
  • Feb 11, 2009 12:55pm Feb 11, 2009 12:55pm
Quoting John Edwards
Hi Kino,

If you can find the time please have a look at my request in post #1392.

THX, John

don't know if i have made the good job
don't know well iCustom coding
settings , you will see if you want change them
kino
Attached Image (click to enlarge)
Click to Enlarge Name: t3maribbonfilled.gif Size: 55 KB
Attached File(s)
File Type: mq4 kino_T3MA ribbon filled.mq4   2 KB | 701 downloads
  • #1,454
  • Feb 11, 2009 3:13pm Feb 11, 2009 3:13pm
Quoting kinonen
don't know if i have made the good job
don't know well iCustom coding
settings , you will see if you want change them
kino
Kino,



I am very happy to see you are pretty close to the solution..... however there still is a (small) problem regarding the Volume Factor multiplication. If you compare the Ribbon to 2 single T3MA's..... You will immediately see the differences. Can you solve this?

Those of you who want to try this indicator by Kino will need the T3MA. So here it is.

THX, John
Attached File(s)
File Type: mq4 T3MA.mq4   3 KB | 512 downloads
  • #1,455
  • Edited 7:41pm Feb 11, 2009 4:10pm | Edited 7:41pm
I made 35 pips in less than 1 hr seating in front of the chart. I practically just have the DoubleCCI with SMA as my indicator and Kino's CCI Filter for a faster visual of my entries. I am using the 79/24 CCI settings with a 40 SMA for a better idea of how strong is the trend. I opted to draw S/R and Trend lines rather than having the HAS candles blocking me the price action. The system is great and the best I ever saw. You just need to mold it to your trading style.
Attached Image (click to enlarge)
Click to Enlarge Name: fx 1 min2 11.jpg Size: 291 KB
  • #1,456
  • Feb 11, 2009 9:27pm Feb 11, 2009 9:27pm
Quoting Artifiz
I made 35 pips in less than 1 hr seating in front of the chart. I practically just have the DoubleCCI with SMA as my indicator and Kino's CCI Filter for a faster visual of my entries. I am using the 79/24 CCI settings with a 40 SMA for a better idea of how strong is the trend. I opted to draw S/R and Trend lines rather than having the HAS candles blocking me the price action. The system is great and the best I ever saw. You just need to mold it to your trading style.
me to i dont use the on chart Heiken ashi, blocks to much valuable info, because i look at the candles for simple price action, helps a lot, so i use kinos HA, its similar to your CCI Filter also his multi indicator lite very usefull
Attached File(s)
File Type: ex4 _Kino_Heiken_Ashi_Smoothed_histo.ex4   4 KB | 846 downloads
File Type: mq4 =kino_multi_indicatorsV5_Lite.mq4   7 KB | 1,185 downloads
Don't forget Practice + Patience + Persistence = Profits
  • #1,457
  • Feb 12, 2009 1:51am Feb 12, 2009 1:51am
Quoting Artifiz
I made 35 pips in less than 1 hr seating in front of the chart. I practically just have the DoubleCCI with SMA as my indicator and Kino's CCI Filter for a faster visual of my entries. I am using the 79/24 CCI settings with a 40 SMA for a better idea of how strong is the trend. I opted to draw S/R and Trend lines rather than having the HAS candles blocking me the price action. The system is great and the best I ever saw. You just need to mold it to your trading style.
Hi Artifiz,

Kino produced quite a number of indi's..... and I went through all of them listed on this thread.... however couldn't find the kino CCI Filter you are using here. Could you please post it?

THX, John
  • #1,458
  • Feb 12, 2009 2:19am Feb 12, 2009 2:19am
Quoting John Edwards
Kino,



I am very happy to see you are pretty close to the solution..... however there still is a (small) problem regarding the Volume Factor multiplication. If you compare the Ribbon to 2 single T3MA's..... You will immediately see the differences. Can you solve this?
THX, John
sorry but I really don't see any difference with 2 T3MA , they both are just on the same lines of kinoT3MA with my settings , but you can change settings i have put =
6- 0.7 & 12 - 0.7 (instead of 15-0.7 for your T3MA)
don't understand what use you can obtain with such lagging indicator , show me a screen
i will see tomorrow , next week i'm going to London and would not have time !

kinonen
  • #1,459
  • Feb 12, 2009 2:54am Feb 12, 2009 2:54am
here screen with other settings
for "your" kinoT3MA ribbon"
1.5 for factor seems better for TF1min
as you can see not so diff from my other indi above
but still interesting

kino
Attached Image (click to enlarge)
Click to Enlarge Name: t3maribbonfilled.gif Size: 45 KB
  • #1,460
  • Feb 12, 2009 3:05am Feb 12, 2009 3:05am
Quoting kinonen
sorry but I really don't see any difference with 2 T3MA , they both are just on the same lines of kinoT3MA with my settings , but you can change settings i have put =
6- 0.7 & 12 - 0.7 (instead of 15-0.7 for your T3MA)
don't understand what use you can obtain with such lagging indicator , show me a screen
i will see tomorrow , next week i'm going to London and would not have time !

kinonen

On the screen you see T3MA 36/0.59 (Red= Ribbon and Magenta=Single) and T3MA 54/0.63 (Green=Ribbon and Lime=Single). Only the T3MA Single (Magenta and Lime) versions show the right curves.

What I have noticed is that on the T3MA Ribbon you can't change the VolumeFactor...... any figure below 0.99 in reality presents 0.7 for Volme Factor on the Ribbon version. Using a figure of 1 and higher only wil give a different VolumeFactor influence on this indicator.

So what you see here on the Ribbon version is always a VolumeFactor of 0.7 no matter what you would fill in here below 1.0 .....

B.T.W. There is another issue regarding refreshing....

I know it's a lagging indicator..... but I promise you absolutely will be surprised for what purpose it will be used. When finshed I will give a full explanation in detail......

Regards, John
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd m1 t3ma differences.gif Size: 35 KB
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