LOHAD Scalping system looking for V2.0

Hey Jiva!

Keep working on it! Learning how important it is to just cut your losses short is a huge step to success! Sounds like you are on the right track. I am glad that you are mixing and matching the different versions here. That is what this is about! Seeing if we can find that golden combination! Keep in touch with your progress and let me know if you find any different angles of looking at this system! It good to hear from ya!

Lohad

Hey xBweNx!,

Thanks for giving it a spin! Let me know what you think. It has worked really well for me! Looking forward to your feedback!

Lohad

hey lohad could you give me more info on the stoch. beside the basic stoch knowledge coming from overbought/oversold area and cross.

xBweNx,

The Dynamic Stoch Zone is basically a combination of a Stoch and BBands. I mainly use it for confirmation of entry, and only keep an eye on it for exits, but not solely use it for exits.

So I am looking for the cross (of the "stoch" ) at areas like the outer Bbands and across the center one. I hope this makes sense.

I have also just used this with a regular Stoch 14,3,3 if you prefer that. It works as well.

Thanks!

Brandon

May have stumbled onto something that started out as a joke..
no candles, bars, or lines, just heiken ashi smoothed and 2 bbmacds.
macd (12,26,9) and macd (21,100,9)
[the long term bbmacd smooths out the chatter, when there is a cross on that bbmacdd the trend is definitely defined...]
the brain trend signaler
the signal line
and 200 ema, 100 ema
the two trades I placed so far using this kis were both profitable. My stress level sank to near zero. Just watching the gyrations of price movement on the 1m is enough to give someone a nervous breakdown.
using heiken ashi smoothed there's none of that....
I am looking how to trail the stop under the hk. Since it is always progressive in the direction of the trend...
Will be working on this.
(If comcast will let me, the service keeps cutting in and out. This has been going on ever since I subscribed to comcast 2 years ago. Umpteen service reps have been here, they claim to fix the problem but here it is again. We're going to try switching out the modem this time. Comcast costs a small fortune and they can't keep my service on. Wouldn't be so bad but it cuts out sometimes in the middle of placing a trade or worse yet trying to close one!!!
I got so desperate I even considered DSL from AT&T. But when they sent me the box filled with gadgets and software that I would need to figure out how to install, I sent it back. Rock and a hard place....I'd almost forgotten how awful it is trying to deal with AT&T, but I remembered in the nick of time.....)
I use 2 charts. I trade with a micro account from FXCM. that's the completely blank one...($.10/pip)
great for learners....
But I track the trade with mt4.....
kis...
jiva...

heiken ashi

using line chart.
1 min is too volatile for candles to have much significance.
Even bb doesn't follow the standard rules because of the volatility on a 1 min.
can try to adjust settings, 2.5 std, but still the rules just don't hold very well.
this is the chart I am using...

there is an indicator on FXCM trading station demo that gives excellent signals, it's called eliot wave indicators.
it's either +1 or -1. in uptrend buy a -1 in downtrend sell +1. With tight stops...
really good.
no bbmacd.
I hope this thread isn't only for bbmacd. I didn't use it today, but since my trading strategy is in development that doesn't mean I might not pick it up again next week with some new angle of vision.
Picked up the trix somewhere or other while surfing.
Maybe it was here?
keep the home fires burning
good luck...
jiva..

Hey Jiva,

Thank you for all of the input! Typically I will use all of my variations of the system and include the BBMacd. It is what I feel most comfortable with. But by no means do I want this to deter you from posting your ideas. I am picking up a lot of good ideas fro you to test and try out. I will just add the BBMacd on my own.

So please keep posting your ideas. I like to think of this thread as a Forex Playground.

I am going to look into line charts and I am also real curious on the Heiken Ashi Smoothed idea for a replacement of the candles.

Thanks again for all of your help! I should be more involved with the thread next week as I will have more time to trade then.!

Lohad

Am finding this thread inspiring. I will be honest. I have been plugging away at this for 4 years. I know I can do it. Practicing. Studying. Learning. It is so vast. It is requires scientific exploration. Love it. I know the profit will come. I am getting closer everyday to putting it all together and getting it to fly.
This thread has been most helpful. The ideas of others. Take what you can use and leave the rest.
The following is a link with some neat videos on tech analysis. Some of it is pretty elementary, but the way it is presented has a refreshing quality. I try to take advantage of whatever someone is sharing.
http://www.fxclub.com/essential/
The trading opportunity really is pioneering. Great stuff. The gold rush of this century if you will.
the new frontier.
nuggets here and there looking for the big vein..
After viewing the video on indicators (it's a shortened teaser for you to join fxclub) it was enough to get me to try something.
Am working on it today.
They show stoch buy and sell signals, by identifying the stoch on a higher time frame and then only trading in the direction of the higher time frame trend on a lower time frame.
But what I am experimenting with is the signal line. It's shows more clearly the changes of direction.
On the 30 minute I draw red or green vertical lines marking the up or down signal given by the signal line. These are solid lines. The main trend lines.
Then on the 15 minute I draw red or green lines (dashed) to identity sub trends.
Then I trade on the 1 minute using the bbmacd and macd 12,26,9 and macd 21,100,9 to help identify directional shifting.
It looks good so far in backtesting.
I wish mt4 had a scroll lock function. When the market is open every new trade causes the chart to scroll to the present moment. Using offline is virtually impossible to test multi time frames since each chart is an independent entity and lines drawn on it can't be carried over to another time frame.
My demo acct with FXCM has a lock function, but the charts aren't as easy to look at. mt4 is so neat and clean.
The value of association in trying to do anything can't be overestimated. Good association that is..
I'm lucky to have found this thread. Thank you.
Jiva..
Charts in backtest:
This trade would have taken 3hrs and 15 mins. I know that is heck of a long time for a scalper, but it would have brought in more than 90 pips just strictly adhering to the signals.

testing

been back testing this all day. Not one losing trade.........
Even tried it with no regular chart visible and in a semi consolidating pattern. No indicators. Just the signal line on the different time frames and went back in after marking the entries and exits to see what prices were, and even taking a fill at the worst price, the profits were there.
I can't wait until markets open and I can demo this in the active markets...
It couldn't be this simple, could it???????????????????
jiva...

Thanks Jiva,

I am going to run simulator on all of this information you have kindly passed on. I will let you know what I see. I am looking forward to this week of trading! Get ready for some big pips!

Thanks again Jiva! You have some VERY good ideas!

Lohad

hello lohad, hello folks

ah i see the thread has come back to life, great !

looking forward to test the new setup of lohad scalping

@ jiva
what is that signal line u r talking about ?

do you use the same settings in all time frames for it ?

please specify your entry rules.

thanks in advance,
tex

Hey Tex!

Long time buddy!

Hows trading going? Yes the thread is still kicking. Yes please try the new version it has performed really well for me. I look forward to hearing your feedback.

I think I am aware of the signal line that Jiva is using but I am not sure. I will let Jiva post it to make sure we are using the same one.

Lohad

jiva,

Can you please post the template and indicators you're using in this chart? I'd like to give this method a try between 7:00 pm and 11:00 pm Eastern to see if I can make some pips.

I guess the pic didn't post. I was referring to your post #686.

Thanks
rptrader

The signal line is the same one we've used before.
I have added bars to the chart since it was difficult to see when the line colors change. It would look like the green ends had turned red and was giving a signal. But since the increment had not closed it would turned back to green. So I ended up entering the trade too early. Was lucky and squeaked out a little gain...
Also added the bbmacd for further clarification.
And 200 ema.
I want to win the "King of the Micro monthly contest at fxcm for microlot traders.
Winners traditionally rack up 1500% gains. And take home a nice cash prize, $5000.
Their trading logs are posted.
wannago back through their entrances and exits and see if I can find a clue about their signals.
That 1500% is pretty regular every month. There are 4 winners every month that get lesser prizes.

Hi jiva34,
u did not post the template along side indicators.
Am following u.Thanks for sharing.
Real pips.

Hi there Jiva34! Please forgive my ignorance and somewhat daft post (having a few lately!!), but is it not just a matter of adding the 30min signal line and the 15 min signal line to the 1 min chart?


3 lots of signal lines with varying settings to correspond to individual time frames. Hence when they're all green - buy and sell when all red.

Cheers!

Ron

Realpips,
slogging along...
had three winning trades, small gains.
as I get more confident with practice I will stay in the trade longer.
what I am seeing is that identifying the trends and subtrends are necessary no matter what system one is using. The moves in the subtrends are not as strong. So an indicator can show a move developing in a subtrend but it has no momentum behind it and may not even pay for the spread cost for entering. So the signals to look for need to be going with the main trend for high probability. How to tell the difference between a minor correction and a possible reversal.
Using the signal line over different time frames is very helpful to identify the trends. I am using the 30. to find a main trend and the 15 to find a subtrend. Then going to the 1 min to find good entry and good exits.
The bbmacd gives a good indication of the strength as well to reaffirm the direction of the moves. A move counter to the main trend on the 15 could be the start of a reversal, but this can be discovered by the bbmacd.
None of this is set in stone but is what I am working on. Makes sense to me.
Great book that changed my whole way of seeing market movements is JM Hurst, Profit Magic from Market Timing. He was a physicist who became fascinated by the market in the 30's I think. Anyway it was well before computers. All his calcs were manually done. Yikes. Labor intensive, so you know he'd been bitten by the market bug real bad.....
But his reasonings based on physics were revolutionary and have influenced technical analysis to this day. Some call him the Father of TA.
I especially appreciate his spelling out "linear movements in curvilinear space" with great illustrations as a way to describe how double tops, flags, triangles, etc come about. He also discusses time frame comparisons...and cyclical trading... It's not a "how to book", but it gives a great look at the physics of the market place.

Thanks Ron
you know I'm gonna check it out. The best charts are the least cluttered. If that can cut down on clutter I'm into it.
jiva