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FX-50 Great Scalping System

  • #1,661
  • Mar 5, 2009 3:37am Mar 5, 2009 3:37am
Hi,
thank you for share this interesting system.
I download the zip from max zeus and i have saw i must refresh kino_t3ma ribbon filled because dont work in real time,is possible to fix this problem ?
  • #1,662
  • Mar 5, 2009 3:45am Mar 5, 2009 3:45am
Quoting chrys
Hi,
thank you for share this interesting system.
I download the zip from max zeus and i have saw i must refresh kino_t3ma ribbon filled because dont work in real time,is possible to fix this problem ?
Just use all the indicators on page 100 and your problem will be solved..... I think....

Regards, John
  • #1,663
  • Mar 5, 2009 4:10am Mar 5, 2009 4:10am
Wow good work John,
I will test this system in next week only one question,i dont have the orange/green dot on your template.
You draw it or is onother indi?
Thank you
  • #1,664
  • Mar 5, 2009 5:02am Mar 5, 2009 5:02am
Quoting Scalpaholic
Hi,

TradeItEasy, can you show where you saw and got these indicators?

Thanks,
Scalpa
Hi, scalpaholic,

got these from several websites...
this one was the best:

http://forex-strategies-revealed.com...hilo-activator

Have good fun trading with it!

TradeItEasy
  • #1,665
  • Mar 5, 2009 9:45am Mar 5, 2009 9:45am
Hi all,

this is an amazing system that I've ever found since 3 years ago, but there is question:

anyone knows how can change the price scale into Semi-Log in MT4?!
as you know it'll be very useful for finding trends and filter many noise...
is there any tricks or indicator for this?

thank you and have a good piping day!
  • #1,666
  • Mar 5, 2009 11:19am Mar 5, 2009 11:19am
Quoting reza_oscar
Hi all,

this is an amazing system that I've ever found since 3 years ago, but there is question:

anyone knows how can change the price scale into Semi-Log in MT4?!
as you know it'll be very useful for finding trends and filter many noise...
is there any tricks or indicator for this?

thank you and have a good piping day!
Try this website, you might find something there.

http://forum.mql4.com/4754

D.
  • #1,667
  • Mar 5, 2009 1:41pm Mar 5, 2009 1:41pm
Where can i find the EA for this system?

Regards
{Promotion Removed}
  • #1,668
  • Mar 5, 2009 2:53pm Mar 5, 2009 2:53pm
John, I checked out the other forum with Rad's System. WOW, I love the simple idea of trading using the 1 hr candles. I also read your suggestions. I hope that thread stays alive. I am trading the one hr candles per Rads instructions and am now 5 for 5 profitable trades.

Looking forward to other opinions about that simple system also.

Rad posted that great system and has not been around. Hope he returns and so it won't die a slow death.

Regards,
Cigarguy
Keep It Simple
  • #1,669
  • Mar 5, 2009 7:41pm Mar 5, 2009 7:41pm
Hi , I have downloaded every indicators and templates and yet my chart do not look like you guys own. The TF of 1M,5M AND 15M indicators explaining trader Timeframe zone not appearing on my chart.Thanks. Nerry.
  • #1,670
  • Edited 9:35pm Mar 5, 2009 9:19pm | Edited 9:35pm
Quoting John Edwards
Nice to hear that Maxzeus! You had forgotten to put Priceseries.mqh in MT4/experts/include ? Or what made you finally succeed?
SInce i didnt see the file on page 100 LOL !!! then i downloaded the files from the link you posted recently *braintrend4sig + your MQH file, works great

thanks
Don't forget Practice + Patience + Persistence = Profits
  • #1,671
  • Mar 5, 2009 10:13pm Mar 5, 2009 10:13pm
John...your charts are like a road map to success. Very nice job in deed.

BTW...I have also added the MACD to show divergence. It is very powerful on the M1 chart. Thanks for all your hard work . I am laid off and enjoyed trading this today.

If you are interested in doing some testing with us please visit my journal and see if you are interested.

Thanks again.....Damon

Quoting John Edwards
Just use all the indicators on page 100 and your problem will be solved..... I think....

Regards, John
"Keep your eyes on the helpers" - Mr. Rogers
  • #1,672
  • Mar 6, 2009 10:11am Mar 6, 2009 10:11am
I would like to lay down a few guidlines as I see will help others with trading this system.

Using the ribbons on the screen, along with the CC indicator, here is how I am seeing the best trading scenarios and they all involve trading the lower TF ribbons into the upper TF ribbons, and usually when there is plent of space between them.

Possible examples.

1M into the 5M
5M into the 15M
1M into the 15M

I would not trade in this direction

5M into the 1M
15M into the 1M
15M into the 5M

I would also only make these trades out in space. Which means that if you uploaded the template, I would only trade when you are moving towards blackness on your charts and definitely not when you are inside the rainbow. When you are in the rainbow it is time to get up and take a break.

Now, when using the MACD and divergence, I would take a divergence trade no matter where it occurred. Here is the MACD divergence indicator I am using. Please note that I am using the smoothing lines for signals and not the histogram part. Enjoy and I will be around if you have any questions....

Attached File(s)
File Type: ex4 MACDTraditional.ex4   3 KB | 722 downloads


John Edawards, you may have not gotten the nomination, but you have given us one H%ll of a roadmap to success. cudos to you...I can't thank you enough for that.
"Keep your eyes on the helpers" - Mr. Rogers
  • #1,673
  • Mar 7, 2009 11:32am Mar 7, 2009 11:32am
Hi All,

Thanks for many positive remarks. Because of that and the kind allowance of FXTrading24 to introduce new trading examples and views in his thread..... how to trade FX-50 System a bit different.... I am happy to do an update with regard to the setup published on pages 100 and 107. Therefore make sure you have already all the indicators listed in my posts on these pages and put them in mt4/experts/indicators map.

What's new?

1. One more ribbon..... telling us what the tick traders are doing. So all the rest remains the same. This newly added ribbon pinpoints even better entries and best of all..... it also takes care of tradeguidance.

2. An even better tweaked BrainTrend4Sig indicator.

3. A different version of FX_Prime_Final_v2. This one I tweaked to better help identify trade entries. It should not be very difficult to find out how this one works.....

4. In this setup it's back to the original CCI and Stochastic 513. So how these are being used you can find out right on page 1 of this thread.

Good Luck and Happy Trading in the next week !!!!!

John
Attached Image (click to enlarge)
Click to Enlarge Name: 4 ribbons.gif Size: 50 KB
Attached File(s)
File Type: tpl ! actiontrade v3 raca - fx50 system 1 min.tpl   11 KB | 1,007 downloads
File Type: mq4 !!!!DoublecciWoody CD.mq4   6 KB | 1,098 downloads
File Type: mq4 Bollinger Squeeze vStoch513.mq4   5 KB | 999 downloads
File Type: mq4 BrainTrend4Sig.mq4   6 KB | 1,250 downloads
File Type: mq4 FXprime_V2 Final-JE.mq4   10 KB | 1,163 downloads
  • #1,674
  • Mar 7, 2009 12:08pm Mar 7, 2009 12:08pm
Quoting John Edwards
Hi All,

Thanks for many positive remarks. Because of that and the kind allowance of FXTrading24 to introduce new trading examples and views in his thread..... how to trade FX-50 System a bit different.... I am happy to do an update with regard to the setup published on pages 100 and 107. Therefore make sure you have already all the indicators listed in my posts on these pages and put them in mt4/experts/indicators map.

What's new?

1. One more ribbon..... telling us what the tick traders are doing. So all the rest remains the same. This newly...
hi! thx for sharing! i have this problem
Attached Image (click to enlarge)
Click to Enlarge Name: Immagine 1.png Size: 14 KB
  • #1,675
  • Mar 7, 2009 1:30pm Mar 7, 2009 1:30pm
Quoting pattinatore
hi! thx for sharing! i have this problem
Please read all posts on page 100 and 101...... I think the solution is there to find.....

John
  • #1,676
  • Mar 7, 2009 3:15pm Mar 7, 2009 3:15pm
John..this is some of the most phenominal stuff I have seen and I love those ribbons on my chart. It is like being in a maze with a location by numbers map.

Awesome stuff

Quoting John Edwards
Hi All,

Thanks for many positive remarks. Because of that and the kind allowance of FXTrading24 to introduce new trading examples and views in his thread..... how to trade FX-50 System a bit different.... I am happy to do an update with regard to the setup published on pages 100 and 107. Therefore make sure you have already all the indicators listed in my posts on these pages and put them in mt4/experts/indicators map.

What's new?

1. One more ribbon..... telling us what the tick traders are doing. So all the rest remains the same. This newly...
"Keep your eyes on the helpers" - Mr. Rogers
  • #1,677
  • Mar 7, 2009 3:29pm Mar 7, 2009 3:29pm
Quoting John Edwards
Please read all posts on page 100 and 101...... I think the solution is there to find.....

John
thx! hmm also.. can you do a video wile you are trading with tis method?
  • #1,678
  • Mar 8, 2009 7:28am Mar 8, 2009 7:28am
Quoting pattinatore
thx! hmm also.. can you do a video wile you are trading with tis method?
Here is my advice:

Go to this post and install Tradesimulator..... http://www.forexfactory.com/showpost...postcount=1031

Next you make your trading video..... It's by far the best way to test any trade system, i.e. if it's working for you....

Good Luck, John
  • #1,679
  • Mar 8, 2009 9:29am Mar 8, 2009 9:29am
Well...let's look at it this way. 1st, with set-ups like these, why are you only going to 1 pip. 10, minimum, but most likely 20 with at some point moving your trade to break even +1. say 12 pips or os.

Lets say that you are willing to risk 3% with a s/l of 20 pips. That means that when you make 20 pips, you have just increased your account by 3%. Do this everyday by waiting for the proper set-ups and at the end of the month you would have doubled your account. Not bad for sitting at your computer for an hour or two a day.

Hope this helps....

Quoting billye
hi john, I have been practicing scalping with FX50 system now.

I opened a vote in rookie discussion,
http://www.forexfactory.com/showthread.php?t=156746

do you think scalping 10 pips per day, day by day, is a mission possible after practicing a long term?
or what is a reasonable goal I should set? or say if my broker has 1pip spread then I shoot for 1 pip gain per trade? is that possible.

thanks a lot!
"Keep your eyes on the helpers" - Mr. Rogers
  • #1,680
  • Edited Mar 9, 2009 7:10am Mar 8, 2009 10:10am | Edited Mar 9, 2009 7:10am
Hi damonl,

thank you for the sharing. I see your point that most of the case market move is like 10 pips or more.

I think I'm in a contradicting situation right now.
When I aim at making 10pips or more and use a loose stop/loss, sometimes market stop at +8pips and reverse, cause me a loss.
So I have to tighten s/l to -5 pips or 0 after showing a profit. Then that stops out the trade very often.
So with a 0 s/l I have to find a reasonable t/p goal that on statistical average yields the best total return.
Right now I'm using +5 t/p… I am still testing…

Quoting damonl
Well...let's look at it this way. 1st, with set-ups like these, why are you only going to 1 pip. 10, minimum, but most likely 20 with at some point moving your trade to break even +1. say 12 pips or os.

Lets say that you are willing to risk 3% with a s/l of 20 pips. That means that when you make 20 pips, you have just increased your account by 3%. Do this everyday by waiting for the proper set-ups and at the end of the month you would have doubled your account. Not bad for sitting at your computer for an hour or two a day.

Hope this helps....
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