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Great ema schalping system

  • #81
  • Jan 29, 2010 9:41am Jan 29, 2010 9:41am
1st trade today +5
Attached Image (click to enlarge)
Click to Enlarge Name: pic.gif Size: 29 KB
Look at something long enough, you will eventually get it.
  • #82
  • Jan 29, 2010 9:46am Jan 29, 2010 9:46am
LOL damn Traco now you have ruined the charts with all kinds of indies
StopLoss is for none belivers... Trust the Gurus..
  • #83
  • Jan 29, 2010 9:55am Jan 29, 2010 9:55am
Hi only have been trading nzd/aud today. did not have much time have been looking into youre sytem the last while. Just tell me if i have everything correct. follow trend of m15. then chek if other charts have run up and if it looks like it makes a turn around one takes it.

Only question can you tell me where i can find indicator that can make m3 chart

Quoting lillelise
LOL damn Traco now you have ruined the charts with all kinds of indies
  • #84
  • Jan 29, 2010 9:56am Jan 29, 2010 9:56am
Quoting lillelise
LOL damn Traco now you have ruined the charts with all kinds of indies
Yea, I'm a complicated person.
Look at something long enough, you will eventually get it.
  • #85
  • Jan 29, 2010 10:00am Jan 29, 2010 10:00am
Quoting Neller
Hi only have been trading nzd/aud today. did not have much time have been looking into youre sytem the last while. Just tell me if i have everything correct. follow trend of m15. then chek if other charts have run up and if it looks like it makes a turn around one takes it.

Only question can you tell me where i can find indicator that can make m3 chart
make a search here on FF for an indi called period converter
StopLoss is for none belivers... Trust the Gurus..
  • #86
  • Jan 29, 2010 10:23am Jan 29, 2010 10:23am
Found it but i dont find it in custom indicators when i copied it to indicators and reopen my platform. Can anybody mabye help. Made 2 trades now with youre system from m1 chart all winners

Quoting lillelise
make a search here on FF for an indi called period converter
  • #87
  • Jan 29, 2010 10:28am Jan 29, 2010 10:28am
Quoting Neller
Found it but i dont find it in custom indicators when i copied it to indicators and reopen my platform. Can anybody mabye help. Made 2 trades now with youre system from m1 chart all winners
you put it in indicators...you open a new 1m chart....drag the indi to the chart....click the allow dll and then change 2 to 3 in the box period multifier..then close.....minimize the chart....go to open offline in meny and find the 3 min chart
StopLoss is for none belivers... Trust the Gurus..
  • #88
  • Jan 29, 2010 10:41am Jan 29, 2010 10:41am
Thanks allot great system youre having there


Quoting lillelise
you put it in indicators...you open a new 1m chart....drag the indi to the chart....click the allow dll and then change 2 to 3 in the box period multifier..then close.....minimize the chart....go to open offline in meny and find the 3 min chart
  • #89
  • Jan 29, 2010 10:45am Jan 29, 2010 10:45am
Quoting Neller
Thanks allot great system youre having there

Thanks...just remember...dont ad all kinds of indis you think might will help...it realy wont....
StopLoss is for none belivers... Trust the Gurus..
  • #90
  • Jan 29, 2010 12:20pm Jan 29, 2010 12:20pm
Thanks allot now have made 49 pips with it in last hour and a half and have a trade in but then i will be finished

Quoting lillelise
Thanks...just remember...dont ad all kinds of indis you think might will help...it realy wont....
  • #91
  • Jan 30, 2010 2:28am Jan 30, 2010 2:28am
Hi Neller,

Looking at your ema scalping system in the first post and in fact trying to write an EA for it. Looks good until you hit a stop loss, which can wipe out all the gains very fast.

Am wondering what you mean by these two lines:
Quote
Make sure move back into the chanel cover at least youre spread and 3 more pips.
Now take profit until the price is back into the chanel. Between 3 and 7 pips.

Was trading manually but a few cases where the stop loss got hit.

Attaching the EA for the basic part.
Attached File(s)
File Type: mq4 EMAScalping-Neller.mq4   7 KB | 426 downloads
  • #92
  • Jan 30, 2010 11:14am Jan 30, 2010 11:14am
Hi All

I attached a Retracement Alert since it seems we're trying to catch the pips on a retracement. I'm not sure what the right settings should be. I've been playing with it the last day or so and I don't know if it's alerting that retracement is taking place or has taken place.

Any thoughts please? Maybe someone can tell how this indi works.

Thanks

Jim (MrChips)
Attached File(s)
File Type: ex4 RetracementAlert.ex4   6 KB | 370 downloads
Jim (MrChips)
  • #93
  • Jan 30, 2010 7:19pm Jan 30, 2010 7:19pm
Hi lillelise:

Would mind telling me a little more about how you trade? Seems I am consistently profiting in demo account...want to go live but sure would appreciate more nuggets of gold from you first.

1. How do you countertrend trade?

2. Do you ever draw any lines or use any technical analysis other than looking at the support and resistance on the 5ema's?

3. Any other important lessons you could teach?

Your posts have taught me so much already. I really appreciate it.

Its hard to believe this works so well. I've used similar methods with macd, rsi, or an exotic indy. That must have been my downfall... they aren't needed.

The Eu has had some nice trends anyone could make a profit on. My questions are in anticipation of ranging times.

Would appreciate the opportunity to trade together on skype sometime at your convenience.

Steve


Quoting lillelise
Remember its not just mechanical.....but pretty close you got to watch news ,,,support resistance and so on..
  • #94
  • Jan 31, 2010 4:01am Jan 31, 2010 4:01am
Quoting stevewide
Hi lillelise:

Would mind telling me a little more about how you trade? Seems I am consistently profiting in demo account...want to go live but sure would appreciate more nuggets of gold from you first.

1. How do you countertrend trade?

2. Do you ever draw any lines or use any technical analysis other than looking at the support and resistance on the 5ema's?

3. Any other important lessons you could teach?

Your posts have taught me so much already. I really appreciate it.

Its hard to believe this works so well. I've used similar methods...
1. : Hmm i wont recomend it...anyway will try to explain as good as i can....as you see trend now is down (been for a long time ) when i see a big move (10-50 pips) down and price kind of stops and start to range a bit..you can kind of see how..when price move pretty far away from the EMA then you often have a nice countertrend trade...( but be damn carefull you will get caught...im caught from friday now..so waiting for monday to make it up again)

2. : i dont use drawing lines...i just watch the highs and lows...
on all timeframes....hope you understand....

3. : yes it took me damn long to admit i was trading with too big positions....you realy need to have a position size..that are no bigger than you not get scared...and if you use moneymanegement..you will build those positions up as your account grow....
.....i use ca. 2-5 % for max drawdown...
for me a ca. 40 pip sttoploss isent so bad...if you use much smaller youll get wiped out....lets say you trade with 4 dollar a pip and the 2% is 40 pip stoploss....i split the 4 pip to not just 1 position but split it in 3-4 positions like 1 pip each... then your not so worried about picking excact top or bottom......but you are able to work with more positions...
....hope you undertand....

4.: as i look at it...theres always a trend...and same time its always ranging.. ..my way to keep out is just watch the price....if price starts to range in very small price range i stay out.... ( you can kind of see it too when all EMAs squezing togwther)
StopLoss is for none belivers... Trust the Gurus..
  • #95
  • Jan 31, 2010 4:01am Jan 31, 2010 4:01am
So many people have sent me private mesages and asked me that if we can skype on the times that we trade so that we can exchange thoughts together. so i have come up with the idea and anybody who is intrested can share their thoughts about it. We create our own chatroom and chat during the trading hours with it and make pips together using the same strategy. Promlem is i need a little help with this because i dont know where to make a chatroom.

Regards and like to hear youre thoughts

Quoting stevewide
Hi lillelise:

Would mind telling me a little more about how you trade? Seems I am consistently profiting in demo account...want to go live but sure would appreciate more nuggets of gold from you first.

1. How do you countertrend trade?

2. Do you ever draw any lines or use any technical analysis other than looking at the support and resistance on the 5ema's?

3. Any other important lessons you could teach?

Your posts have taught me so much already. I really appreciate it.

Its hard to believe this works so well. I've used similar methods...
  • #96
  • Jan 31, 2010 4:11am Jan 31, 2010 4:11am
Quoting Neller
So many people have sent me private mesages and asked me that if we can skype on the times that we trade so that we can exchange thoughts together. so i have come up with the idea and anybody who is intrested can share their thoughts about it. We create our own chatroom and chat during the trading hours with it and make pips together using the same strategy. Promlem is i need a little help with this because i dont know where to make a chatroom.

Regards and like to hear youre thoughts


This is a website for create free chatroom http://www.mibbit.com/.

Regards.

Lubo.
If I know how, I tell You!! Few but Good!!
  • #97
  • Jan 31, 2010 4:46am Jan 31, 2010 4:46am
Just tell me who are intrested


Quoting LuboLabo
This is a website for create free chatroom http://www.mibbit.com/.

Regards.

Lubo.
  • #98
  • Jan 31, 2010 6:29am Jan 31, 2010 6:29am
I'm interested in a skype chatroom. wisdomfx has a thread and his skype chatroom takes no more computer memory if you use skype already...its working great on skype...prefer not to open another program to chat.

Thanks Neller,

Steve
  • #99
  • Jan 31, 2010 6:30am Jan 31, 2010 6:30am
lillelise:

Awesome!

Can't wait till market opens to learn more...and more...
Thanks so much & great luck to you this week,

Steve
  • #100
  • Jan 31, 2010 8:11am Jan 31, 2010 8:11am
Hi Neller

I'm interested in Skype chatroom. I think that's the only way I'm going to understand how to do this.

Thanks

Jim (MrChips)
Jim (MrChips)
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