Here i add my MA setting since ppl keep asking me.
10 SMMA Close (Red) and 4 SMA Median (Blue).
The original system still same nothing change. This is for my own reference only, if you find it good then you add it else just forget about it.
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I would like to make 2 main objective for this thread.
1st i wish that there will be no adding any new indicator to complicate the system. As i believe for the moment it work well alone. (No offense to those who share light and idea on new indicator. The original system will not change for the moment but if you think that there really a necessary of adding in a new indicator for improvement. Show us you finding and result and we will consider adding in.)
2nd i wish all can help me to improve in scalping out the max piggies with this sys by method and not by adding more indicator. for example:
Open 2 trade.
1st trade, TP is close whenever i feel the market is weakening. Around 10~30 pips
2nd trade, TP is when the opposite direction occur. BE is set whenever in profit.
This can be a proper system as well but i prefer it to be a scalping because this is the original intention i had when i 1st created this system. I want it to be short term system, I know it work well in long term. How you want to use it depend on you.
I believe knife, fire, water and etc can be very dangerous if never use wisely.But if we use it correctly it can be very useful. So do shit. (Lame dirty joke
)
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This is a very easy scalping system. You can instantly test it out as it is a short TF scalping system. 1M, 5M and 15M is good as well.
No fancy indicator cause i prefer basic indicator.They don't repaint and simple. So the only indicator i am using is 2 RSI. I use a modified RSI for eye easy viewing.
So here you are.
indicator: Set to RSI 21 and RSI 50. OversoldLevel and overboughtLevel set to 50 as well.
Buy entry signal = At the close of the candlestick both are DarkGreen
Sell entry signal = At the close of the candlestick both are Red
So mean we only entry the next candlestick open.
This is a scalping system so there will be no specific TP. It is totally base on you.
Stop loss when the other entry occur.
Tip:
10 SMMA Close (Red) and 4 SMA Median (Blue).
The original system still same nothing change. This is for my own reference only, if you find it good then you add it else just forget about it.
=======================================================================================================
I would like to make 2 main objective for this thread.
1st i wish that there will be no adding any new indicator to complicate the system. As i believe for the moment it work well alone. (No offense to those who share light and idea on new indicator. The original system will not change for the moment but if you think that there really a necessary of adding in a new indicator for improvement. Show us you finding and result and we will consider adding in.)
2nd i wish all can help me to improve in scalping out the max piggies with this sys by method and not by adding more indicator. for example:
Open 2 trade.
1st trade, TP is close whenever i feel the market is weakening. Around 10~30 pips
2nd trade, TP is when the opposite direction occur. BE is set whenever in profit.
This can be a proper system as well but i prefer it to be a scalping because this is the original intention i had when i 1st created this system. I want it to be short term system, I know it work well in long term. How you want to use it depend on you.
I believe knife, fire, water and etc can be very dangerous if never use wisely.But if we use it correctly it can be very useful. So do shit. (Lame dirty joke
)=======================================================================================================
This is a very easy scalping system. You can instantly test it out as it is a short TF scalping system. 1M, 5M and 15M is good as well.
No fancy indicator cause i prefer basic indicator.They don't repaint and simple. So the only indicator i am using is 2 RSI. I use a modified RSI for eye easy viewing.
So here you are.
indicator: Set to RSI 21 and RSI 50. OversoldLevel and overboughtLevel set to 50 as well.
Buy entry signal = At the close of the candlestick both are DarkGreen
Sell entry signal = At the close of the candlestick both are Red
So mean we only entry the next candlestick open.
This is a scalping system so there will be no specific TP. It is totally base on you.
Stop loss when the other entry occur.
Tip:
- 1 DarkGreen 1 Red occur is not a opposite signal. Continue the previous direction.
- As Paulus said - try to catch a nice big move whilst keeping losers small. Aim - Once you caught the big fish pack your gear up and go home.
- I will say hit and run.
For UJ it is best use 15M. EU, GJ ... those got big move pair can use 1M or 5M to scalp.
- Pic 1. This is for EU. Range between buy and sell is 44 pips but it move 77 pips in total. So how many pips can you scalp from here?
- Pic 2. This is 15M UJ. There are still no opposite direction occur at the moment. There is a 343 pips move.
No trade during news hour and quiet market.
For me, i open 2 trade.
1st trade, TP is close whenever i feel the market is weakening. Around 10~30 pips
2nd trade, TP is when the opposite direction occur.
* you can have you own tp or number of trades open.
Brought to u by,
