MTF Vajioo Scalping System | Forex Factory

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MTF Vajioo Scalping System

  • #1
  • First Post: Edited Feb 13, 2015 5:42pm Sep 9, 2009 4:47pm | Edited Feb 13, 2015 5:42pm
RUBBISH
  • #2
  • Sep 9, 2009 4:48pm Sep 9, 2009 4:48pm
Sorry here is attachment...
Attached Image (click to enlarge)
Click to Enlarge Name: example.gif Size: 16 KB
  • #3
  • Sep 14, 2009 9:29am Sep 14, 2009 9:29am
can you tell me what pair you use for this system ?

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Forex swing trading tips
  • #4
  • Sep 15, 2009 1:41am Sep 15, 2009 1:41am
Hi there Vip,

Your idea is interesting, can you share the indicator with us?

Thanks mate ...
Good Trading to All ---- fairwind
  • #5
  • Sep 15, 2009 2:23am Sep 15, 2009 2:23am
Place on M1 chart. Select Edit > Time Frame = 15.
Attached File(s)
File Type: mq4 CustomCandle.mq4   8 KB | 1,155 downloads
File Type: ex4 CustomCandle.ex4   10 KB | 965 downloads
  • #6
  • Sep 15, 2009 3:01am Sep 15, 2009 3:01am
Thank you Plind .....

I shall try it out and see what I can do ....
Good Trading to All ---- fairwind
  • #7
  • Sep 16, 2009 7:12am Sep 16, 2009 7:12am
Try it this morning on gu four trades in 1 1/4 hours with four wins lets hope it continues!
  • #8
  • Sep 16, 2009 7:47am Sep 16, 2009 7:47am
Quoting Koyco
Try it this morning on gu four trades in 1 1/4 hours with four wins lets hope it continues!
What are you using for take profit?
  • #9
  • Sep 16, 2009 12:38pm Sep 16, 2009 12:38pm
Five pips
  • #10
  • Sep 16, 2009 12:40pm Sep 16, 2009 12:40pm
You have to use low spread pairs, E/U is best suited to this system.

Quoting errich fx
can you tell me what pair you use for this system ?

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Forex swing trading tips
  • #11
  • Sep 16, 2009 12:42pm Sep 16, 2009 12:42pm
The good thing about this system is in a trending market... works excellent.

Take profit... this is up for discussion, I have not investigated too much into this... this is sort of working progress... but at the moment... not had time to trade this system, busy at work.

Quoting Dreamliner
What are you using for take profit?
  • #12
  • Sep 16, 2009 12:50pm Sep 16, 2009 12:50pm
Ok here is an example:

A. 15 min candle closed above previous 15 min - trigger
B. Now look... 1 min candle, closed below the low of the previous 15 min candle... so we do not enter a trade in this candle 15 min time frame, as we have broke the low of the previous 15 mins, it could go down.
C. Sorry C should be third arrow - Next 15 min candle creates new high and closes above previous 15 min candle - trigger
D. 1 min candle breaks above previous 1 min low - enter.
Attached Image (click to enlarge)
Click to Enlarge Name: example2.gif Size: 18 KB
  • #13
  • Sep 16, 2009 12:57pm Sep 16, 2009 12:57pm
Ok...

First Arrow
15 candle closes below previous 15 min candle - trigger

Second Arrow
1 min candle closes below previous high, looks good... but look what happens.

So you see I am not looking for the prefect system... but there are times when this whipsaws a bit or when the market is ranging - then this system there a losses.

So it's about W/R ratio, MM, etc... but I have not had too much time to spend on this system, but looks promising, it is a scalping system... but there are some great winners when the market moves.

Regards,
Vip
  • #14
  • Sep 16, 2009 1:04pm Sep 16, 2009 1:04pm
This is a quick one, I have not looked at this in detail:

First Arrow - Loss
Second Arrow - Loss
Third Arrow - Winner

As I say - not looking for the holy grail - but looking to minimise losses - I think we have something good here - but I need some input and helps from others - not looking to add too many indicators - want to try and keep it simple.

Regards,
Vip
Attached Image (click to enlarge)
Click to Enlarge Name: example4.gif Size: 17 KB
  • #15
  • Sep 16, 2009 10:56pm Sep 16, 2009 10:56pm
Hallo all guys here ....
Why you are not using two time frame, side by side.
Timeframe M15 on the left, and timeframe M1 on the right ?
  • #16
  • Last Post: Sep 17, 2009 1:46am Sep 17, 2009 1:46am
You can do that... whatever is suitable for you.

Regards,
Vip

Quoting ServerUang
Hallo all guys here ....
Why you are not using two time frame, side by side.
Timeframe M15 on the left, and timeframe M1 on the right ?
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