eur/usd scalping method

Hi ptournis,
i amaze with your system,but i change psar setting to step 0.085 max 0.55. This setting can get signal earlier and more often but with smaller tp each trade.Try it

Hi Folks, I'm sorry to report that PTOURNIS has been banned because he is a system seller which puts him in violation of Rule #3 (http://www.forexfactory.com/faq.php?faq=rules#faq_rule3). The system he is selling can be found on his blog: http://www.slopesystem.blogspot.com/

Hi,

trying to backtest this method. Found that it puts in sell trades even when slope direction is going up. Then put in some debugging and found that in that case both up and down slope indicators (i.e. SlopeDirectionBlue and SlopeDirectionRed) are both active, i.e. do not equal EMPTY_VALUE. As a result it goes wrong. Has anyone else seen this, does it happen in real time?

Regards,
Fredella

Hello Every one
can any one explain to me in plain english what dose the mentioned below means?

"Stop Loss is equal to 2x the ATR(14)
Trailing Stop Loss of 2x the ATR(14) if you want to set it and forget the trade. If I can I manually adjust the SL based on price action."

thank you in advance

Mali

I believe what is meant is the Average True Range indicator with a period of 14. It gives a view on volatility and hence by setting the stop loss to 2 times that value, you reduce the chance of inadvertently getting stopped out even though the market moves in your direction.

Hope this helps,

Fredella

Many thanks Fredella
i will look it up today

Regards,
Mali

Keep going this Method its great.


Need EA to to do this on 5 min chart
Open trade when Par and Slope line are the same direction.
Have Stoploss at Par Dot.
Have Take Profit True or False
Have Take Profit True or False when Slopeline changes colour
Have Trailing Stop True or False
Have Trailing Stop amount

CAN ANY CREATE THIS EA PLEASE YOU WILL HAVE GOOD RESULTS!

So far you just mentioned what parameters the EA should have. What is the specific combination which makes the system profitable?

Hi Ron, The Take Profit, when the SlopeLine Changes Colour from Blue to Red or Red to Blue and or have your chose of Take Profit too But when you go in the Par. and Slope line have to be lined up the same to put you in the trade.

I don't see the difference from the other EA I put here already...

I know about that EA, But you have it to trade Max one per Bar and it keeps putting you back in the trade, then when it changes direction it puts you in negative.

Or Explain
Max Per Bar
Use Whipsawprotection
Close on oppositesignal

what does "signals only" stand for ?

excellent! I'm trying to h4, confirming transactions with a 14 3 7 stk.

Nice and clean system, thanks.
You guys may want to try this version of PSAR as well (red dots)

The indicator DT-ZigZag-LAUER is the perfect complement to the strategy. Serves to confirm the entries and also for the exits.

Ronald Hi: I was wondering if you could combine this colored psar at vallues of 04. & .5 with the slope indicator v2 to have a changing time frame ability, and combine that with a gannzz and a damoni non lag MA with a stochastohistogram and stochastic overlay of just a signal of a 533 and last but not least a AO indicator rea. This is a combination of this strategy and trend finder and a few things of mine. Also, could you add the OZFX short and long entry orders. They were 5 seperate orders in 50 increments. I change the order amount per chart and ATR at present. Thank you if you can consider this. Also with a breakeven that will apply to each of the five orders when xyz reached. They will all come to break even say at 50 pips.

Why?

What's the basis for your system? There's a link showing how I rate systems. What's your success score?

Hi Hard question. Lets see, Demo with AC AO Damoni Non Lag PSAR, Stochastic Non Lag ZZ and or Gann ZZ . Made 500 dollars in pennies pips over 7 months. with the AO and AC. Change to AO and Sto Histo last few months off and on. out of 90 last few weeks I got 77 of them in pennies in a dema. I have been using the OZFX in a VPS account to brings the trades to breakeven after 50 pips. on OZFX long or short of 5 individual trades with 50 pips increments to 200 and one floater All are brought to breakeven at 50 pips. I think the key is in the initial line up of indicators and mostly the MM . Lately, I have been staring and trying to put together the best attributes of these aforementioned. I have been working at this along time. I think if we could combines the Ptournis Scalping with Trend Finder daily, with the OZFX MM, it would bring what I have seen the best of the EAs and results I have seen, but mostly Trend Finder with MM. I think the price action is well determined with the ZZ and Fibo. Fractals to see and help see pullbacks and PSar somewhat marginal Hope this answers the qustion. Thank you very much for the response. Still not totatally sure of the support to see the impulse wave. AO mostly shows wave change. Susan

Good Day: Question: Can you put two EA's on the same time frame to do different objectives using majic numbers. I put one on and the other disappears.

I have a VPS. Can you put two diferent ea's in the same terminal.

I read that you have to use two different terminals, one for each EA.

Hi Ronald, why not add an exit strategy that includes the following to this ea.

Ability for up to five seperate profit taking orders. I have gotten 2-4-6-8-10 Pips on 5 separate orders, on basicallly only a ten pips profit. It happens fast. If you think you can get more, you can up the numbers, then entry is great.

Breakeven after first profit taking order closes on the rest of the orders, ie all four.

Added on to your work you have done, would be a very good exit strategy for this. I have tried the two separately and they work fine.

This market has a great sense of capturability as an issue. It usually makes a mad dash for pips and then immediately pulls back and then tantalizes you with the possibilities of more pips and usually just gives you what it did on the first candle or two.

Just some thoughts.