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FX-50 Great Scalping System

  • #2,441
  • Jul 27, 2009 6:51pm Jul 27, 2009 6:51pm
Quoting Zonk277
Hello DBZ,
thank you for your work. I have everything download, but it is absent what with me. Can you give me missing indicatoren?
You must also be missing the T3MA.mq4 file.
Attached File(s)
File Type: mq4 T3MA.mq4   3 KB | 846 downloads
...20% method, 80% mindset...
  • #2,442
  • Jul 27, 2009 7:36pm Jul 27, 2009 7:36pm
I'm just curious, it that chart Demo or Live because the price ranges on my live IBFX account is totally different from what yours are on the exact same dates and times.
Quoting dbz

http://i5.photobucket.com/albums/y16...vot_210709.jpg
  • #2,443
  • Jul 27, 2009 8:43pm Jul 27, 2009 8:43pm
Quoting ClearTrade
I'm just curious, it that chart Demo or Live because the price ranges on my live IBFX account is totally different from what yours are on the exact same dates and times.
Live account. I am with GO Markets.
Sure you have the dates right, I just went back to double check that I did take the screen shot from my live account - it is as it was.
...20% method, 80% mindset...
  • #2,444
  • Jul 27, 2009 8:54pm Jul 27, 2009 8:54pm
I recommend the use of the simulator posted back on page 92 of this thread. It is a great way to not only test a system, but also to cram a lot of learning and get to know a system.

I run it at full speed and when a signal is given, knock it back to normal speed, place the order, then crank it up again. Run it while the market is slow and you are waiting for a setup.

I have found it very helpful in getting to know when and when not to take a signal based on what the higher TF ribbons are doing.
...20% method, 80% mindset...
  • #2,445
  • Jul 27, 2009 11:04pm Jul 27, 2009 11:04pm
It's a good system..thanks
  • #2,446
  • Jul 28, 2009 7:31am Jul 28, 2009 7:31am
Quoting dbz
You must also be missing the T3MA.mq4 file.

Thank you
  • #2,447
  • Jul 29, 2009 8:15pm Jul 29, 2009 8:15pm
After some more intensive testing I believe I have improved the system even further. I have found it to be so, but you will have to test it and make your own judgement. In case anyone would like to test/use it I have attached it.

The cci is gone as the moving averages in the ribbons tell the same thing, so why have a double up of information. I have used sma's for the ribbons as I could get them to reflect price movement more accurately.

Fxprime is there just for extra confirmation.

The 2MA Crossover arrows are not an entry signal. They are just an early warning that an entry may be about to happen. This is so you dont have to sit there and watch the computer all the time.

Entry: When the 13ema crosses through the TF5 ribbon and fxprime says go and you have no obstruction from the higher TF ribbons.

Exit: When the 13ema crosses back right through the TF5 ribbon or when a fibretracement/fibextention is hit.


Stop loss: 5 pips or so under or above the TF5 ribbon (depending on long or short entry). If your risk level allows it, to give extra room place it under/above the previous swing high/low.

Happy Pipping!
Attached File(s)
File Type: mq4 MA ribbon filled.89.21.mq4   2 KB | 1,428 downloads
File Type: tpl fx_55_system_1m.tpl   17 KB | 1,192 downloads
...20% method, 80% mindset...
  • #2,448
  • Jul 29, 2009 10:47pm Jul 29, 2009 10:47pm
hi dbz and thanks a lot 4 the template ,I only have one question ...for any reason i don`t see any arrows on my chart any idea why??and can u post u chart to see if it is the same that i have ..
thanks in advance .
  • #2,449
  • Jul 30, 2009 12:52am Jul 30, 2009 12:52am
Quoting dbz
After some more intensive testing I believe I have improved the system even further. I have found it to be so, but you will have to test it and make your own judgement. In case anyone would like to test/use it I have attached it.

The cci is gone as the moving averages in the ribbons tell the same thing, so why have a double up of information. I have used sma's for the ribbons as I could get them to reflect price movement more accurately.

Fxprime is there just for extra confirmation.

The 2MA Crossover arrows are not an entry signal. They...
Can you attached picture of where ENTRY, EXIT and STOP LOSS, for confirmation of our understanding. TQ
  • #2,450
  • Jul 30, 2009 1:17am Jul 30, 2009 1:17am
Quoting nicomanupe
hi dbz and thanks a lot 4 the template ,I only have one question ...for any reason i don`t see any arrows on my chart any idea why??and can u post u chart to see if it is the same that i have ..
thanks in advance .
You must need the indicator attached.

Here is the current eur/usd chart. I went to bed early last night and missed that nice 126 pip trade. There was a similar trade the night before too. The circled trade is a trade I took this morning (Australian time). I exited early because of an announcement was due and I dont like taking trades or being in trades 30 minutes either side of high impact announcement. But 20 pips is a nice start to the day.

http://i5.photobucket.com/albums/y16..._55_300709.jpg
Attached File(s)
File Type: mq4 2MA Crossover.mq4   8 KB | 980 downloads
...20% method, 80% mindset...
  • #2,451
  • Jul 30, 2009 6:05am Jul 30, 2009 6:05am
Quoting dbz
You must need the indicator attached.

Here is the current eur/usd chart. I went to bed early last night and missed that nice 126 pip trade. There was a similar trade the night before too. The circled trade is a trade I took this morning (Australian time). I exited early because of an announcement was due and I dont like taking trades or being in trades 30 minutes either side of high impact announcement. But 20 pips is a nice start to the day.

http://i5.photobucket.com/albums/y16..._55_300709.jpg
whats your priod on ma filled(orange color)thx
  • #2,452
  • Jul 30, 2009 7:04am Jul 30, 2009 7:04am
Hey dbz,

I just downloaded your setup and I have to say that you really monster modified the original system. Everything works as long as you make money with it, right.

Happy trading.

D.
  • #2,453
  • Jul 30, 2009 7:22am Jul 30, 2009 7:22am
Hai dbz,
your tpl "fx_55_system_1m.tpl" dont have FXPrime indi, appreciate you can share, i try to attached it but only 1 bar appear.
  • #2,454
  • Jul 30, 2009 7:38am Jul 30, 2009 7:38am
the template does not appear any ribbon.
  • #2,455
  • Jul 30, 2009 3:11pm Jul 30, 2009 3:11pm
This is how it looks for me. I thought I have downloaded all fx prime indicators long time ago.
Attached Image (click to enlarge)
Click to Enlarge Name: 1 m.gif Size: 29 KB
  • #2,456
  • Jul 30, 2009 3:28pm Jul 30, 2009 3:28pm
hi ,i think that u need to download the indicator ...MA Ribon filled .89.21 is on post 2447.
  • #2,457
  • Jul 30, 2009 3:39pm Jul 30, 2009 3:39pm
Quoting nicomanupe
hi ,i think that u need to download the indicator ...MA Ribon filled .89.21 is on post 2447.
Ah okay it's an old problem. I have to much indicators in my indicator list and I have to delete another one in order to get a new one working. But I still miss the right fx-prime indicator.
Attached Image (click to enlarge)
Click to Enlarge Name: 1 m.gif Size: 76 KB
  • #2,458
  • Jul 30, 2009 6:57pm Jul 30, 2009 6:57pm
Quoting DirkH143
Hey dbz,

I just downloaded your setup and I have to say that you really monster modified the original system. Everything works as long as you make money with it, right.

Happy trading.

D.
yes I have to agree with you that it certainly is the ugly sister of the T3MA ribbon version, but I am not particularly concerned about how it looks. It gets you in earlier and with a lower risk/stop and has less stop outs.

I am not offering it as a replacement, just an option if anyone would like to use it. Yes, the other system does work, but I have found this better - just my personal opinion though. All I can suggest is that it be compared side by side with the T3MA version and you can make your own mind up whether you like it or not.

This system and thread has helped me and I am just giving some back based on my findings and testing in case I can help anyone else improve their win/loss ratio.

Cheers
...20% method, 80% mindset...
  • #2,459
  • Jul 31, 2009 2:38pm Jul 31, 2009 2:38pm
Hi ,i got 123ips on eur/usd today not bad ,good start for me.lets bring this thread alive again.
  • #2,460
  • Aug 3, 2009 1:13am Aug 3, 2009 1:13am
still no ribbons with all indicators attached, is there a way to put them up manually?
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forrest85