LOHAD Scalping system looking for V2.0

feast for the eyes,
ever thought of doing a numbered lithograph series?
modern art if ever I saw it...
will follow up and research your suggestions.
will check it out.
thanks
jiva

Lithography -Surprisingly, yes I did venture into the realms of lithography as a hobby many moons ago- then discovered trading so that was short lived! Perhaps i'l look at it when life permits. At the moment I'm engrossed in stone masonry and wood carving (needless to say the missus is always on the war path with my tools all over the garden!)

Would love to learn programming though. I'm always vexed when you lot start talking in tongues!

As for my scalping, as much as the afore mentioned methods work for me, please don't disregard what you've been working on. There are plenty of threads talking of THV and FX 50 on a host of forums and it would be a shame if we disregard the great work/effort everyone has put into what could be a successful system.

Lord, i'm going on again, there's no shutting me up- trouble with being too passionate!

Anyhow, nite nite and happy pippin!

Ron.

Actually, just by thinking that other traders might critique my trades is helping me. The fact is because I'm trading on the 1 minute it happens so quickly I don't always have the time to document the trade.
But just by thinking like that it is helping.
I'm having to keep things as simple as possible.
this was a trade that didn't go quite as I envisioned.
Actually it did move a little bit more in the anticipated direction but only later. I exited as the first sign of any profit, the consolidation phase had more or less set in and the down trend indicators were neutralized.
entered on what looked like a possible double top on the 1m with bbmacd confirming.
but bbmacd on the 5m didn't confirm so I anticipated a a weak move.
later into the trade it was indeed a weak move and simply went into consolidation.
managed to get out with a small profit, at least not a loss.

Ron what should I be looking for in volumes. Also where are the volumes coming from since there is no central clearing house for forex. Are the volumes calculated from users of MT4?
Your charts are breathtaking, really.
No joke. I wouldn't be surprised to see one on display in a cultural center for the arts. Someone would definitely want to buy it. Neat thing is you would never run out of material for a sequel, each one could be unique just wait a couple of minutes or switch from time frame to time frame.
You know there has to be some form of art coming out of this mass involvement in online trading. Maybe that's you. Picasso of the forex.
I'm so easily distracted am having to keep things a simple as possible. More than 2 or 3 lines on the chart and I'm cross-eyed.
But am always open to try to learn something. A little slow, but once I've got it, I'VE GOT IT!!
There is just not enough time. Am hardly eating or sleeping as it is....
Little bit little bit..
jiva

end of US session trade. lots of times there will be a significant move at the end of the day. Today it was a bit of retracement.
I use another charting program and actually trade micro from that platform, the FXCM micro marketscope. It's really neat because you can trade right from the charts with point and click.
There is very accurate pivot point indicator which is remarkable in predicting where and how far a move will go.
So with the USDJPY the move went to r2 and magically stopped there and retraced. medians are significant also, not shown in the chart that follows.
MTV is the best for actually calculating. very clear to see. and of course the ability to write programs for it is fantastic.
but I find marketscope useful for pivot points and actually placing trades.
There is a way to program pivot point into mt4 but I rather not clutter up the charts with them and just have a special chart for that separate.

may this 2 indicator might help you guys out
nxMACD.ex4
Rads sMAC-D.mq4

oh, by the way using longer TF as your guide.

put both indicator in same sub window.
nxMACD when it change color, then check signal line, if it change color
Rads sMAC-D is like stochastic but give you better signal

Yes you're absolutely right! No central clearing house so no volumes. Again, pardon my ignorance, 'trend strength' would be more apt I reckon. Question though, in the spirit of learning something new a day, what does the default volume indi on the platform measure? I've just added this to my chart to see if there's any visual correlation between the 2, will update next week.

How I interprete the indi:

A bar (red or green) above the dead zone (above the horizontal line) and above the yellow line represents strong sentiment with the bulls/bears in a move. With that, one can also 'assume' that a lot of volume will be transacted in the direction of the trend.

Below the dead zone (below horizontal line) one can also 'assume' less volume being transacted and the bulls/bears are at logger heads in deciding which way to go. (thinking about it - what would be the case of equally large volumes? I should go to bed now before I go insane!)

'Trend and volume' - the missus whispers!

Waddar itself was intended for use with higher timeframes, but has filtered out some of my undesirables on the M1 timeframe. Note though, even without a strong thrust above the dead zone, there are some 'pippable' moves and the opposite is true. A strong thrust might be signalled but the move will not materialise, thus not a good 'stand - alone indi'.

Here's a brief read on it - http://www.forex-tsd.com/indicators-...indicator.html from which I quote -

"How to use the indicator:

1) The yellow line is used to recognize when the explosion starts and when it ends.

the explosion starts when the yellow line is low.

as long as the yellow line is high the explosion is still running on

the price explosion ends when the yellow line is back low inside the dots zone

the yellow line job is identifying the explosion starts and ends.


2) The green histogram: has three uses:

first, gives a signal when price explose upward (bullish move)

second, gives the buying signal, when the green histo rises above the yellow line.

third, gives the exist signal, when the a green histo slip back into the yellow line


3)The green histogram: has three uses:

first, gives a signal when prise explose downward (bearish move)

second, gives the sell signal, when the red histo rises above the yellow line

third, gives the exist signal, when the red histo slip back into the yellow line


Explanation for the Price Explosion indicator:

The indicator depends on two things to show the data and the lines in chart

1) The deference between the uper and lower band of the bollinger band
which tight when the price fluctuates (narrow move)

when the difference between the bands expand, the explosion process starts and the yellow line curve upward till the explosion ends and price fluctuate again

2) The difference between the present value of the macd and the last value with one tick for the same candle
this deference is represented in the green and the red histogram. "


And the technicalities of what measures what - way over my head (different lingo)

Hope this helps somewhat! Nite nite.

Ron

[quote=jiva34;2780450]end of US session trade. lots of times there will be a significant move at the end of the day. Today it was a bit of retracement.
quote]

Nice posts Jiva! Favour to ask - I seem not to be able to figure out your entry or exits, mind placing a vertical line for each if it's no bother please? (future posts of course) Next i'll be asking for access to your bank account! You too Lohad

Now I AM going to bed!

Nite.

plan to do research some time during the weekend. Ron has posted some interesting leads and indicators also.
I like trading on the 1 min because it moves so quickly. I am thinking that whatever signal systems work consistently on the 1 min could be tested out on higher time frames.
But by using the min, the results are quick. That's why they use the fruit fly in so many experiments (poor fruit fly) has the loife span of a few miunutes.
So they can test for the effects of whatever through several generations in a matter of hours.
great stuff this open currency market... Here's to the free world and "reasonable" regulators.
jiva

trying same strategy as on 1m on higher time frame...
H4 also plotting the pivot pts as tgt
didn't stay in as long as I had planned. bbmac on 1m started to turn up so I closed and will keep an eye out for a down turn....

If trading was so easy everyone would be a zillionaire by now.
Some people are very successful so it can be done. Some people can run the 4 minute mile too.
I'm somewhere in the back of the pack trying to stay in the race.
But I found a neat article by a "professional" scalper. They don't always just give away their hard earned treasures. But this one was generous.
Unfortunately the article appears in SFO, a paper mag. and is not postable in the forum.
The trader discusses 2 systems and gives example of the strategies.
First, a high probability system (very short term- that's for me!!!) and then a high profitability system (a little longer term).
the high probability one is very, very simple (that's for me too). No fibs, no TFs, no PPs, no muss, no fuss, no clutter..............................................................................................
I posted back tested charts showing it in action. Testing on 6 consecutive trades for 5 out of 6 wins. You know I'm all over it Monday, maybe even Asia on Sunday...
It's a good thing forex is closed for a little while, otherwise I would have no clean clothes and nothing cooked to eat. (If I don't start showing a profit that may happen anyway!!!)
The strategy is like this:
Use MACD OsMA. 20 sma.
When OsMa crosses zero look for a cross and close in the direction of OsMA within 5 bars...
I use a limit order 1 tick above close in up and 1 tick below close in down. (I'm sick of market orders)
set stop and limit for same amt of pips. I used 20.
Because it is high probability 2:1 is not necessary and may even spoil some trades. 1:1 works best for total wins in a series of trades.
Can't seem to get away from MACD in some form or other...

Hey Traders,

I wanted to talk about this sooner but I was out for a couple days on business. But better late then never.

I have been trying something new and incorporating what I know about my BBMacd trading style and it is the best thing I have found to work for me personally so far. I traded this live only one morning (Thursday - London Session) and I have been running simulator since and I will say that me personally I am running 90%. Could be a fluke I know, but I find this so far has given me the greatest ease trading M1 charts. What I am about to say also worked well for me on M5 trades as well.

I will admit that I am leaving too much on the table, but regardless still getting enough to achieve way more then my daily goal of 30. This system incorporated with mine will give less entries but more solid entries. It does get you in later then my would but hey, I would rather be in a more higher rate situation. Very easy to trade multiple pairs for me (EU. GU, EJ).

The thread I suggest you need to look at is http://www.forexfactory.com/images/misc/paperclip.gif EUR/GBP Trendmagic System. The indicators by Tudor Girl I have found to be really good. I will be posting any ideas on how I trade her indicator on their thread, but please if you go to their thread and post trading ideas, be very respectfull in not hi-jacking Paulus's thread. They are trying real hard to not let their thread stray and plaese respect that.

Also, please post your ideas on how this is working for you on this thread, but please NO ONE post Tudor Girls Indi on here. She clearly explained to me that she would prefer to keep her work in one spot, and I agree. I will be posting on both here and their thread but I will be consious on what I am posting on each thread.

So check it out. It is very impressive. Thanks to Paulus and Tudor Girl for sharing their findings. It has made my trading so much better!

Lohad

This is a screen shot of what I have been using. Working really well. You will have to get the indi's in the other thread. There can be no posting of Tudor Girls indicators in here. I will use this thread in discussing how I am using the BBMacd in correlation with this new tool. I know her development is new so with her indicators, time will tell if this is a fluke, but from the get go, I am quite impressed so far.

Lohad

you're back, LOHAD.
will definitely check the thread out.
jiva
not enough time in a day (or a night)...

I like the idea behind the strategy. High probability, low risk.
tracked 3 different currencies in back test and gains were there.
about 70 out of 100.
Resigning myself that it's either high risk and high profit.
Or low risk and low profit.
I'm ready for low risk...
Have been reading up on adrenaline blowout...
Low risk... Or probably die...
Charts show the idea behind the strategy.
I am using the signal line on the 5 minute to identify the 5m trend, drawing the vertical line on the 5 min and trading on the 1 minute. If the 5 m trend is up I consider only up crosses on the 1 min (unless bbmacd is signaling a reversal, then I may enter short even though 5 m trend is up.) There is a 200ema on the chart also but it doesn't show on the charts below because it is so far out of the picture.
The idea is to increase the probability as much as possible and be satisfied with several winning moves that are small gains.
For obvious breakouts and big runs I have used fractal entries successfully.
Wait for the next fractal and while the pullback is going on place an order just above the fractal for uptrend or just below the fractal for down trend, go in for 10 pips. Using the same 10 pip stop/10 pip limit strategy. Am able to capture some of a big move that way.
a 10 pip move on the 1 min is respectable...and fairly easy to achieve.

Hey Jiva,

Nice Setup!.

I am still messing around with what I posted over the weekend, playing with the different aspects of the BBMacd. I will keep you posted on my findings, but I am liking what I am seeing.

Keep up the good work! This thread appreciates it!

Lohad

Java34,
did backtested this manualy, or 70% is real life results? In manual backtesting keep in mind, that you have to push the vertical line 4 bars to the right. Because 7:15 bar on 5min TF means that this bar opens at 7:15 and closes at 7:20. So you have to find on the 1min chart the 7:19 bar (opens at 7:19 and closes at 7:20), and this bar is corresponding to the closing values of indicators on your vertical line on 5min chart.
Take a look on charts.

backtesting doesn't give the same results as demo in live market for a number of reasons. Not the least of which is the temptation do go back and place a trade not seen at first.
Also what you are pointing out, previous post, about time synchronizing. Just can give some overall idea of the strategy...
As it turned out, I spent all Mon morning in live demo testing for the 20sma/OsMA cross strategy explained by the pro in SFO. But you know they didn't give the whole story...... There has to be more to it. In live demo is flopped over and over again. But I did take away a few lessons.
The significance of the differenc between a high probability strategy and a high profit strategy and how to gear up psychologically for trading using either, according to time and circumstance.
As it turned out I still collected 37 pips in my real account but only after ai ditched the morning's template and took up some old indicators with a new outlook on using them.
Until I get better at this, practice makes perfect, thank God for demo accounts, I plan to use the demo to my hearts content and when I happen to come accross a beauty, a winner, a breakout or an unmistable reversal, then I will trade it for real. I love trading. So I plan to work the demo accounts like anything, but only when I find a real find will I put real money behind it.
This keeps me involved in the market and ready to jump a find..
This is the template I used in afternoon that got me the gains. It went great. And I'll pick up where I left off tomorrow.
The idea is to wait for braintrend buy/sell signal on 1m, check 5m to see if braintrend agrees, buy signal 1m and buy signal 5m, buy. 10 or 15 pip stop, 10,15 or 20 pip limit. Walk away....
Like logging. Make the cuts and walk away.
If the cuts were done correctly the tree lands where it you planned, if not plan on getting a new roof...
That's the idea, but have to admit when I saw profits I closed a little early, although the prices did eventually reach the limits 2 out of 3 of the times.
The heiken-ashi smoothed illustrates so beautifully the trend, makes it so easy to identify. That and the brain trend signal are it for now. oh and bbmacd, 2 settings the long setting to confirm the overall trend and the short term to confirm entries.

Thank you, Lohad for the encouragement. I will eventually get to checkout the system and threads you suggested. Slow brain here. Overloads easily. But I always file away for future use. Thank you for sharing. It is not unappreciated. As you can see I'm working indicators and techniques you've shared and it is making a difference. So if you find it put it here.... We'll take it... Thankfully......
If we don't hear from you, we'll know you've become so absorbed in raking in millions that you no longer have a need for the incubator.

Jiva,

Thank you for the nice words. I am glad you are pulling old tools from the tool box and implementing with your new findings. Sounds like it's making you some good pips!

Wait until you see what I have done with the BBMacd! I do not like to sound like I am bragging but I am really impressed with the performance of this new tool in it's infant stage of testing. I am going to test the London session with it and then I will post it along with what I find as far as drawbacks and possibilities with this new way of using BBMacd.

I will post it today. Keep up the fight Jiva! You, heck WE are getting there! Take a look at the history of all your posts and see the improvement of what I see in how you are working with the markets! Nowhere near a million but we will get there and we'll share every step of the way!

Lohad