Eur/Usd 1 Minute Scalper | Forex Factory

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Eur/Usd 1 Minute Scalper

  • Poll

  • Rate the system??
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  • #1
  • First Post: Apr 15, 2009 1:35pm Apr 15, 2009 1:35pm
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....
Attached Image (click to enlarge)
Click to Enlarge Name: pic scalper.gif Size: 20 KB
Attached File(s)
File Type: tpl scalper.tpl   21 KB | 1,403 downloads
File Type: mq4 Fibonacci Pivots.mq4   5 KB | 1,375 downloads
File Type: mq4 Waddah_Attar_Explosion.mq4   8 KB | 1,484 downloads
  • #2
  • Apr 15, 2009 2:23pm Apr 15, 2009 2:23pm
Quoting sirogreness
. . . Only now am I thinking about going live, wanted to post it . . .

I seriously start thinking what % of all this "trading systems" have been trading live at least ONCE

Sorry all but my opinion is every "founder" of "new" and "80 % acc system" SHOULD write if hes Demo of live
Browsing forexfactory since 2006
  • #3
  • Apr 15, 2009 2:50pm Apr 15, 2009 2:50pm
I can respect that. Personally, I like to demo every system I use for a couple months and never go live unless I hit around 70% because naturally numbers will go down slightly live. The thing I like about this style is it takes a lot of complication out of trading. The other systems I use are much more complicated and don't get a trade everyday. So far this seems to have the potential to put pips in your pocket everyday. Thanks for your feedback.

Quoting rtx
I seriously start thinking what % of all this "trading systems" have been trading live at least ONCE

Sorry all but my opinion is every "founder" of "new" and "80 % acc system" SHOULD write if hes Demo of live
  • #4
  • Apr 15, 2009 2:57pm Apr 15, 2009 2:57pm
I love the options you give people to express their opinion in the poll

3 options which give a positive view, 1 option which gives an extremely negative view so people are less likely to pick that as their vote.

The thing is, any "lagging" indi's work in a trending market, what about the consolidations which will whipsaw you to margin call?
  • #5
  • Apr 15, 2009 3:47pm Apr 15, 2009 3:47pm
Your poll choices are fine. I never heard anyone choose "Well I kinda think the system is horrible, but may have merit"

And yes indi's can get you in trouble in consolidation but so can trading naked. The trick is know when to stay out, whether you do that by indi's or PA acknowledgment.

I hope your system proves well.

I trade another scalping system so I do not mean to butt in, but when you are getting criticized on what your poll choices are, I had to say something. Good luck on your system. And happy trading

Lohad
  • #6
  • Apr 15, 2009 4:00pm Apr 15, 2009 4:00pm
Is that your new hobby? protecting other scalpers poll choices.

Quoting lohad
I trade another scalping system so I do not mean to butt in, but when you are getting criticized on what your poll choices are, I had to say something.
  • #7
  • Apr 15, 2009 4:10pm Apr 15, 2009 4:10pm
Only when they are needlessly attacked.

Vote horrible and get on with it will ya.

Sorry Sirogreness, I will exit you thread. Do not want to divert with what you are trying to do.

Lohad
  • #8
  • Apr 15, 2009 4:15pm Apr 15, 2009 4:15pm
Artov,

You need to have a beer and relax. It is obvious that any trader needs to understand PA when trading any time frame. I would not trade a system that is only fair but apparently you have issues with that too. I don't understand why you are attacking other fellow traders for their input.

Quoting artov
Is that your new hobby? protecting other scalpers poll choices.
  • #9
  • Apr 15, 2009 4:18pm Apr 15, 2009 4:18pm
No prob Lohad, thanks for your input. I follow your thread daily and am still learning the intricacies of your system.

Quoting lohad
Only when they are needlessly attacked.

Vote horrible and get on with it will ya.

Sorry Sirogreness, I will exit you thread. Do not want to divert with what you are trying to do.

Lohad
  • #10
  • Apr 15, 2009 4:27pm Apr 15, 2009 4:27pm
I have been on this road too for a long long time, but I can tell you lagging indi's don't tell what PA is gonna do. PA tells what indi's are gonna do. That's the way it works, period. Good luck anyway!
  • #11
  • Apr 15, 2009 4:51pm Apr 15, 2009 4:51pm
Artov does have a valid point about this. 1 minute time frame is extreme and it takes a while to be able to handle it. If you are not experienced with this frame I would put up an rsi 14 on your screen. Take a long when over 55 and short when below 45. If floating between stay out of the market. I don't use this because it will keep me out of many trades but it does make the trades you do take much safer. This system must be used during sessions with high volume. NY works well for me and I have been trying the Asian open lately.
  • #12
  • Apr 16, 2009 10:23am Apr 16, 2009 10:23am
I forgot to mention put a 55 ema on your chart. Long above and short below. Never deviate from that....
  • #13
  • Apr 16, 2009 10:37am Apr 16, 2009 10:37am
Thanks for sharing your system. You will find that although your system was recently posted, you will see people that will vote negatively on your system without even trying it. Don't be discourage, just ignore these people. They vote negatively out of spite. You may want to delete the post since it's not an accurate measurement of your system. A better measurement is the feedback that people post on your thread.

I want to wish you good luck and many pips my friend!
Yes, I'm back
  • #14
  • Apr 16, 2009 10:59am Apr 16, 2009 10:59am
hi..

thanks 4 sharing ya system..just one question about enter the trade,as u mention earliar we have to wait for a horizontel line appear the pull the trigger right?if so..i didnt see any line on the pair today,can u please explain...

thanks again
  • #15
  • Apr 16, 2009 11:47am Apr 16, 2009 11:47am
Thanks for sharing!

How do you define what makes a spikes on the wattah?

Anyway you can post a picture of a setup highlighting the two consecutive spikes on the wattah?

Best,

Seb
  • #16
  • Apr 16, 2009 12:33pm Apr 16, 2009 12:33pm
Thanks, I appreciate the support.

Quoting Ctg Ceo
Thanks for sharing your system. You will find that although your system was recently posted, you will see people that will vote negatively on your system without even trying it. Don't be discourage, just ignore these people. They vote negatively out of spite. You may want to delete the post since it's not an accurate measurement of your system. A better measurement is the feedback that people post on your thread.

I want to wish you good luck and many pips my friend!
  • #17
  • Apr 16, 2009 12:36pm Apr 16, 2009 12:36pm
Sorry for the confusion. I put the lines on the chart to show what a valid trade looks like. The horizontal lines on the charts are pivots. You don't want to trade if you are looking for 5 pips profit and the line is 3 pips away. I hope that answer helps..

Quoting bexterlone
hi..

thanks 4 sharing ya system..just one question about enter the trade,as u mention earliar we have to wait for a horizontel line appear the pull the trigger right?if so..i didnt see any line on the pair today,can u please explain...

thanks again
  • #18
  • Apr 16, 2009 12:55pm Apr 16, 2009 12:55pm
Seb,

Attached is a pic for you to look at. Take a look at the vertical black lines. This is around 1230 to 130pm eastern. The first two are good for 5-6 pips. The third ended up breaking even for me. The fourth was no trade because the candle was to large and close to support. I look for two consecutive wattah sticks the same color as the position I want with the second being above the moving horizontal line. The colored indi you see on the chart is an RSI. I forgot where I found this, it has been a while. You can throw the rsi on there and if it is above 55 long below 45 short. Typically traders use a 14, when I use this in a choppy market I usually set it to 7. in order to enter a trade I would wait for one candle to close outside 45 or 55 to avoid a whipsaw. Feel free to ask if this is not clear.

Quoting seb
Thanks for sharing!

How do you define what makes a spikes on the wattah?

Anyway you can post a picture of a setup highlighting the two consecutive spikes on the wattah?

Best,

Seb
Attached Image (click to enlarge)
Click to Enlarge Name: pic 2.gif Size: 20 KB
  • #19
  • Apr 16, 2009 1:50pm Apr 16, 2009 1:50pm
Two trade examples. The first was more of a PA trade. Stochs were very oversold but I got in. Reasons being break of previous support and continuation over bars. The second was mechanical and good for 5. You can see a couple potential opportunities in between to buy but with resistance a position was not taken. One would have been a winner and one would have been a loser.
Attached Image (click to enlarge)
Click to Enlarge Name: pic 3.gif Size: 19 KB
  • #20
  • Apr 16, 2009 3:17pm Apr 16, 2009 3:17pm
do you have an EA for this or are you manually trading it?
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