Hello,
I basically have to thank Forex Factory for my trading career. I use a couple of the methods on here. Like many other traders I have issues with patience and enjoy consistent action so I have been working on a scalper for a while. Have been using this technique for a couple months at about 70-80% hit rate. Only now am I thinking about going live, wanted to post it and get some feedback to see if any improvements might help the bottom line. Very simple stuff with three indicators, wattah addar explosion, stochs (5,3,3), and fib pivots. When you get two consecutive spikes on the wattah and stochs are crossing enter. Stay 15 minutes away from any news announcements and watch the pivots. I have been going for 5 pips profit and never let a loss go more than 7. Dont get in if entry is after a big candle. If you enter a trade and price has not really moved for a couple candles get out. I use this between 8:30am eastern to 3:45 pm eastern. Also seems to work between 8pm to 10:45 pm eastern. Have not traded during any other sessions with this. The pic attached is between 12:45 to 2pm eastern on April 15th. Get about 15-20 trades per day in US session. Everything is attached, awaiting your feedback....
I basically have to thank Forex Factory for my trading career. I use a couple of the methods on here. Like many other traders I have issues with patience and enjoy consistent action so I have been working on a scalper for a while. Have been using this technique for a couple months at about 70-80% hit rate. Only now am I thinking about going live, wanted to post it and get some feedback to see if any improvements might help the bottom line. Very simple stuff with three indicators, wattah addar explosion, stochs (5,3,3), and fib pivots. When you get two consecutive spikes on the wattah and stochs are crossing enter. Stay 15 minutes away from any news announcements and watch the pivots. I have been going for 5 pips profit and never let a loss go more than 7. Dont get in if entry is after a big candle. If you enter a trade and price has not really moved for a couple candles get out. I use this between 8:30am eastern to 3:45 pm eastern. Also seems to work between 8pm to 10:45 pm eastern. Have not traded during any other sessions with this. The pic attached is between 12:45 to 2pm eastern on April 15th. Get about 15-20 trades per day in US session. Everything is attached, awaiting your feedback....
Attached File(s)
scalper.tpl
21 KB
|
1,313 downloads
Fibonacci Pivots.mq4
5 KB
|
1,261 downloads
Waddah_Attar_Explosion.mq4
8 KB
|
1,389 downloads