Janqie "MadScalper" 1min trading

Hello boys and girls,

As promissed to some people I'm starting MadScalper trading journal for 1min timeframe.
After some time of searching for system that suits my style I have found Great MadScalper system by Petefader witch is in BabyPips forum
http://forums.babypips.com/free-fore...d-scalper.html
Original system is on 5min timeframe and Pete did fantastic work to explain all stuff with it.
Want to say thank you thousand times Pete for your work and experiance!

I had diferent experiances in trading had good periods bad periods like all of traders has.
But this system pulled me one step closer to consistent proofit trading. Since when I'm trading
I want to work but not to sit on the chear and do nothing I've created 1min MadScalper substrategy
witch gives enough situations to think about and trade.
Now I'm trading it live for some time and all the trades I will post here will be live trades.
Few years I spended in ForexFactory and Babypips forums and learned lots of things here.
There is a lot of people who helped me even if they do not know that. So I'm creating this thread to
give something back.
My aim is not to reach one million or even 100 thousand. My aim is to make one step closer to a professional forex trader.
This is who I want to be.

For now I am Janqie I am a looser. This is who I am and this is how I trade.
You can take this system and trade it or you can try it and throw away.

First of all indicators

Shade
This shade is simple indicator combined of two Ema's 50 and 14 this one indicates main trend witch coould be traded. As you can see if shade is green
we have an uptrend or if its red we have downtrend
http://i49.tinypic.com/m90hi1.jpg

DveMashki
This indicator is showing faster movements and used for valid pullback identification
http://i45.tinypic.com/wccxs7.jpg
10 SMA
This indicator confirms entry
http://i47.tinypic.com/20jjrxz.jpg
DoubleCCiWithEma
This indicator shows if entry is strong enough to make proofit. It is filter for bad entries
http://i45.tinypic.com/8x8m7q.jpg
BolingerSquezeStoch
This indicator I'm using for psichology. Im feeling more relaxed when it confirms entry
http://i47.tinypic.com/1z3rp0g.jpg

Rules

1. We have to have price movement in the shade. If we are in green zone we are looking for longs
If we are in red zone we are looking for shorts

2. DveMashki indicator will be in same color as shade. Now we must have a pullback. Pullback is indentified with DveMashki. when pullback is forming this indi has to change color to oposite. If we are looking for longs pullback must be red and visa versa. Pullback must cross in the other side of 10 sma but stay in shade area.

3. Now we are expecting movement to original side again and wait for entry.
Entry is then price croses 10 sma again and DveMashki changes color to original trend color


4. Now we look at DoubleCCi. This indi has yelow line this is 21 cci. When we see entry forming
we must have yelow line cross the black sma and main cci support our entry.
Again if we look for long it will be green if we look short it will be red.
Weary good if it is far from zero line or even crossed 100 level

5.Stochastic must agree with entry.
If all conditions met entry must be placed after close of candle

6. Stop must be placed 1pip + spread from last high or low.
Be must be placed after price hits 7pip proofit.

7. TP must be 10 - 25 pips depends on conditions. Or exit could be done on DveMashki color change.

http://i49.tinypic.com/2ccqpuh.jpg

This is it.
If you find it usefull and have questions you are veary welcome to this threat.
Have to go now will answer all the questions a bit later

The template only included DveMashki and moving averages 10 and 34. Could you provide the settings for the other indicators or re-upload a template that loads everything?

Hello,
Updated in 2 and 3 posts mql and ex4 included. Tell me if it is ok

Now it is working fine.

What is the purpose of the M5 and M15 shown in the upper right of the chart?

For CCI and Stochastics, they must confirm at the same time or earlier than DveMashki? What if they confirm after DveMashki changes back to original color?

What do you mean by main CCI supporting the entry?

Will you only enter if the yellow line on CCI is above or below the 100 levels?

What do you consider the last high and low? Is it the high/low of the recent pullback or of the bar before the entry bar?

If one bar breaks the shaded area during the pullback by one or two pips without closing outside of the shaded area will you still take the trade?

After how many pips of a drop or move up will you stop looking for re-entries on that move?

Are these valid entries?

http://i50.tinypic.com/2dbw26s.gif

Good morning!
New day new start of a week
Look how cci filtered bad entry. No cross no trade no loss

Hey Darien.
Go here http://www.forexfactory.com/showthread.php?t=198729 and download indicatos zip then put stratmans font in you wilndows/fonts folder youll see nice 5min and 15min charts on right corner instead of that funny stuff. I use it just to see whats hapening on bit higfher timeframes.
If confirmation is after few bars of demashki change thant good but if later after 7 - 10 bars its weak.
If we must decide to take entry or not and looking in cci. We must look at fast cci first. Say we looking for short. Did fast cci crossed ema to the upper side during pullback or not? if yes we look cros back again and cci slow must be below -50 level or lower. If fast cci did not cross ema slow cci must cros 100 level.
when looking to cci main thing is yelow cci (fast) and ema cross.
If price cross shaded area for a bit and then rejects it and all the rules met yes I would take the trade.
if price droped or moved up for 60 - 100 pips Im wtching entries weary carefully becouse it is 1min timeframe and 100 pips is a lot.
Yes first entry is valid you have to enter after candle close.
Second is bad becouse slow cci must cross 100 level becouse fast cci did not crosed ema on pullback.
Hope that helps

Those are some nice indicators! Thank you.

Here is one indicator I use in my 1 min chart, it may guide you for trading in pullback, Goodluck!

Thank you Manz it will be usefull

Hi janqie,

Thank you for sharing with us your own approach with Madscalper strategy.

When you have spare time, I would be appreciated if could you post a zip file of those indicators and template.

All the best and hope you could achieve your target soon.

~profi~

There was nice entry acording to the rules but it was 1min before news so nobody should take this.
But I want to show something. Lets say there was no news and trade was taken. Stop would be 1pip above previous swing high witch is 9 pips + spread.
If I take entry and it goes not in my favor I'm not waiting for price to break swing Im takin it away on dvemashki color change. Doin like this some pips can be saved. In this case loss would be 5 + spread and 4 saved. In scalping thats lot

Thanks profi!
All the indicators and template is atached to 2 and 3 posts

Ok got two entries EU and GU
GU took +10 since its first trade of a week Im not want to be greedy
EU got BE manualy after second fail to rise.

Good trade

have a question for u. Looking at GBPUSD, there seems to be possibility of trade at line 8:36. Any reason why didn't u take that?

Tnm

Hey Janqie, I have quietly been following your system on babypips, and luv it,it is easy to follow for newbies, I have a problem uploading your new template though, could you please tell me what I could be doing wrong? thanks!

Got Be on this one. Thats why Be is used after 7 pips

Look at this baby!
After first pullback there was no entry CCI filtered it out.
Second pullback after HH that means uptrend.
Thirt pullback same.
Then LH formed and prices started to decline and we got nice entry acording to
the rules
Got +8 when price stalled near 5min resistance

Hey Tnm
I did not took that trade becouse CCI fast on pullback did not crossed black sma so entry must be only when slow cci is below 100 level and it wasnt.
Hope that helps