Please fix your ma(12). It should be on 'weighted close' not 'close' as in your template.
Thanks
Make money Not pips
scalping strategy 27 replies
Trying scalping with a 1000 bucks - Scalping is expensive! 39 replies
Scalping PIPs? 5 replies
1M & 5M Scalping System (Scalping Paradise) 21 replies
Scalping 100 pips?! 3 replies
Disliked..."numbers don't lie" so try this: 2%x15days and compound it monthly. 7500*1.3^12=174735.6 a year so monthly average is 14561.3 and it seems quite realistic to me. Your approach makes me wonder.Ignored
DislikedThat's pretty modest. Only 2% - 4% a day?
Since you're a full time trader, if thats the modest case then with a $7500 account, in a year you should be making...
+2% Daily
=7500(1.02)^250
=$1 059 507.91
+3% Daily
=7500(1.03)^250
=$12 144 158.86
+4% Daily
=7500(1.04)^250
=$135 955 283.00
Edge if you keeping going at that rate (2% a day), then you'll be the richest man on the planet in just a short 807 working days. Thats just above 3 years and around 60 Billion Dollars.
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I...Ignored
DislikedHi Folks
Please let me explain something:
My comment about scalping in relation to a 5M TF wasn’t meant negative, it’s just that the word scalping stands for ultra short term trades, aiming for few pips with relative high pip value.
If someone wants to call an eagle a goose it’s ok for me, but it’s not true.
What speaks for the word scalping in this thread name is the low pip quantity (10) which Edge is aiming for, but not the TF.
[font=Arial]So,...Ignored
DislikedReading comprehension is fun especially if the sentence right after states that his preference is to USUALLY take 30 pips or so DAILY. Last I heard, taking 30 pips total profit, won't leave you with a negative balance. Also im pretty sure that the ( - ) can stand for a minus sign, or act as a bridge from one number to another. ( $70 - $100)
But who knows...
Ignored
DislikedNo doubt some will tell me that "scalping" 100 pips off a Daily chart is not scalping!! Who cares?
The only point I am making is that Edge's setup works from M1 to MN1.
Please be aware that the Trix indicator from MQ4 doesn't actually implement the Triple Exponential ("Trix") algorithm as invented by the legendary Robert Goodall Brown, the "Father of Time Series Analysis". It contains several bugs. Every derivative of the indy up to and including Swingman's smTrix (when he converted the line indy to a histogram) hasn't spotted the...Ignored
DislikedMy own goals are +1.5%/-3.5% of account value using as many contracts as leverage will allow and suffering as little market action as PA will force me to.
Sometimes I can do well on 4-5 trades daily, sometimes it takes more if I encounter win/loss, win/loss, win/loss type trading. Sometimes, I simply get me hide skinned and PA rules the day. One thing for sure, it is always varied trade to trade and day to day.
Regards.Ignored
DislikedId rather be nit picky instead of simply entering bliss mode like an average person who starts reading the thread. Tell me whats better, a bunch of people simply thanking Edge for his strategy, and what seems to be an above average level of vocabulary? (The first part is fine and anyone would be welcome, the second part seems an assault on my perceived ability to articulate my methodology) Or questioning? ([u][i][color=purple]Questioning what? How does one question that which they have neither the...Ignored
DislikedHi Folks
Please let me explain something:
My comment about scalping in relation to a 5M TF wasn’t meant negative, it’s just that the word scalping stands for ultra short term trades, aiming for few pips with relative high pip value.
If someone wants to call an eagle a goose it’s ok for me, but it’s not true.
What speaks for the word scalping in this thread name is the low pip quantity (10) which Edge is aiming for, but not the TF.
[font=Arial]So,...Ignored
Dislikedhi edge,
u mentioned in paulus's thread that you're considering starting your own thread. now u started 1 n i must say it's impressive. it's really simplicity at work. now it's up 2 the individual trader 2 make a success out of it.
what worries me is whether this thread will boom or doom like all the other good threads. will it veer off course in a matter of weeks??
will b sticking around. trade well.Ignored
DislikedHi
Please fix your ma(12). It should be on 'weighted close' not 'close' as in your template.
ThanksIgnored
DislikedI just read this whole thread on my iPhone in the N. Kuwait desert.Ignored
QuoteDislikedI just read Trading in the Zone and the essence of good trading is discipline, no matter the method.
QuoteDislikedI use a 15,9 on my stockcharts. Good leading indicator.
DislikedWhy 2%*15 days? There are about 20 working days in a month.
How come your compounding monthly? Edge stated that the goal in percent, is directly related to the account balance. Account balance changes every day not just once a month.
=7500(1.02)^250
=$1 059 507.91
If you're wondering where the 250 came from..
There are about 261 weekdays in a year. I decreased it to 250 days to take into account holidays.
there are 261 weekdays but I reduce to 250 to include holidaysIgnored
DislikedHi
Please fix your ma(12). It should be on 'weighted close' not 'close' as in your template.
ThanksIgnored