Attachments: The Scalpers Dream

The Scalpers Dream

#81
Oct 25, 2010 6:17pm Oct 25, 2010 6:17pm

fxhermit
Joined Dec 2006 | Status: The price is right. | 782 Posts

Short order has been triggered.

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Stay calm, be brave, wait for the signs - Jasper Friendly Bear

#82
Oct 25, 2010 6:47pm Oct 25, 2010 6:47pm

August19
| Joined Oct 2010 | Status: Trader | 4 Posts

My short trade was triggered also. This is my first trade that was triggered. The trade that Jaws just had as a loser, I did not have that trade placed when it was triggered.

I was late in updating my limit orders and in this instance, that played in my favor. I'm still unclear on exactly when we need to update the orders but I guess that part may be discretionary.

I've attached a screenshot of my current trade.

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#83
Edited 7:11pm Oct 25, 2010 6:55pm | Edited 7:11pm

Syracuse
| Joined Jul 2009 | Status: Trader | 16 Posts

As Jaws stated, this system rarely loses two in a row on the same pair, so I jumped on the G/U short.
sold at 1.5715 - TP at 1.5700 - the last G/U trade before this one lost.
I think I will wait until I see that a trade lost and then jump in on the next trade setup

I love this system.

Thx Jaws

#84
Oct 25, 2010 7:28pm Oct 25, 2010 7:28pm

August19
| Joined Oct 2010 | Status: Trader | 4 Posts

My short E/U trade that was triggered at 1.3915 was stopped out at 1.3950. If my memory serves me correctly, this is the first time that E/U has had back to back losers.

Although I did not get triggered on the previous long trade at 1.3985, it was still a loser so this is the first time there have been back to back losers.

I will place a new limit order at 1.3915. My order at 1.3985 is still set.

#85
Oct 25, 2010 7:42pm Oct 25, 2010 7:42pm

fxhermit
Joined Dec 2006 | Status: The price is right. | 782 Posts

Well, that didn't work out so well. Hmmmm.... do you think they are onto us? LOL.

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Stay calm, be brave, wait for the signs - Jasper Friendly Bear

#86
Oct 25, 2010 7:49pm Oct 25, 2010 7:49pm

Syracuse
| Joined Jul 2009 | Status: Trader | 16 Posts

The last E/U trade lost. I will take the next E/U trade. It looks like it will be a long trade as E/U is now at 1.3957 and is trading above the 200 sma.
I will place a buy stop order at 1.3985. T/P = 1.4000 S/L = 1.3950

#87
Oct 25, 2010 7:55pm Oct 25, 2010 7:55pm

jaws810
| Joined Jan 2009 | Status: Trader | 277 Posts

Quoting Syracuse

Disliked

As Jaws stated, this system rarely loses two in a row on the same pair, so I jumped on the G/U short.
sold at 1.5715 - TP at 1.5700 - the last G/U trade before this one lost.
I think I will wait until I see that a trade lost and then jump in on the next trade setup

I love this system.

Thx Jaws

Ignored

I just lost 2 in a row, the market is very indecisive.

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#88
Oct 25, 2010 8:01pm Oct 25, 2010 8:01pm

Bobcat2
| Joined Aug 2006 | Status: Trader | 1,024 Posts

Me, too...2 losses in a row

4 wins
2 losses

#89
Oct 25, 2010 8:34pm Oct 25, 2010 8:34pm

scarecrow93
| Joined Mar 2010 | Status: Trader | 4 Posts

Just started following this system...starting with the last short.

We'll see what the next signal will be...

Total (EU Only)
0 wins (0 long/0 short)
1 loss (0 long/1 short)
-36 pips (0 long/-36 short)

#90
Oct 25, 2010 8:40pm Oct 25, 2010 8:40pm

roundrock
| Joined Feb 2010 | Status: J16 Student | 902 Posts

1. dont trade in asia times, do it in europe and US mornings

2. when a trade got stopped out, i dont take next trade in same direction as the prev low would act as support. this is whats happening with EU, GU

3. enter at .82, exit as .97 i dont aim round number 00, because some times it doesnt reach there, 0.97 on buy and 0.03 on sell side is safe. also on buy side you need to add spread to your target. thats why 3-4 pips less is fine

#91
Oct 26, 2010 2:10am Oct 26, 2010 2:10am

TriMagic
| Joined Sep 2010 | Status: Trader | 77 Posts

Still going

3 wins
1 loss

#92
Oct 26, 2010 4:20am Oct 26, 2010 4:20am

jaws810
| Joined Jan 2009 | Status: Trader | 277 Posts

Had a rough day yesterday with the Euro so I think I'm going to trade some cable today, it already looks more lively than the Euro. GL everyone.

#93
Oct 26, 2010 5:12am Oct 26, 2010 5:12am

ek24
| Joined Oct 2010 | Status: Trader | 22 Posts

Quoting jaws810

Disliked

I back tested it. Over the last three weeks, if traded nonstop by an EA it would have a record of 33W/6L for a net pip gain of 285.
BTW, if anyone could create an EA with the following specs either PM me with the cost or post it if you'll do it for free. Either way is fine with me.

[font=Arial][size=3][color=#1f497d][font=&quot]Every time the price crosses X.XX50 the EA will check the account balance and determine the lot size based on the account balance and user defined risk%,...

Ignored

Hi, all,
i'm an italian programmer, many languages, mt4 newbee, if you want i try to create the EA, free, i need to understand well the trading sistem.
I read all the post and i see you use limit order.
Do you know that you don't need to use limit cause the EA can monitorize market tick by tick?
So i need you post me graphical example of your trading sistem like you were opening and closing order manually.
Bye

#94
Oct 26, 2010 6:23am Oct 26, 2010 6:23am

jaws810
| Joined Jan 2009 | Status: Trader | 277 Posts

Quoting ek24

Disliked

Hi, all,
i'm an italian programmer, many languages, mt4 newbee, if you want i try to create the EA, free, i need to understand well the trading sistem.
I read all the post and i see you use limit order.
Do you know that you don't need to use limit cause the EA can monitorize market tick by tick?
So i need you post me graphical example of your trading sistem like you were opening and closing order manually.
Bye

Ignored

Post 40 in this thread has all the details for an EA, and I attached a screen shot that shows how an EA would trade this system. Basically crossing 1.**50 would arm the EA, then a trade would be placed long at 1.**85 or short at 1.**15 with a TP at 1.**00 and a SL at the same 1.**50 that armed the EA. When the trade it completed it will either disarm the EA at the TP and repeat or rearm at the SL and repeat. Hope this helps.

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#95
Oct 26, 2010 6:52am Oct 26, 2010 6:52am

ek24
| Joined Oct 2010 | Status: Trader | 22 Posts

Ok, know what we need:
Time Frame? ALL (but we need one to operate, let's assume 30m).
We must check the ATR or limit period for the EA to operate?
Eg. The EA must start on Monday till Wednesday from 8.00 to 22.00 GMT or you want to check volatility for example ATR(20) > 25pip?
Or we must check to have one open order for couple?
Bye
Ek24.

#96
Oct 26, 2010 7:58am Oct 26, 2010 7:58am