The Scalpers Dream | Page 11 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Mathematical reasons why MOST DayTraders & scalpers fail? 197 replies

Best broker for scalpers? 162 replies

Scalpers Hourly Range Indicator (TSR tweeked for scalpers) 2 replies

Scalpers Lounge: for scalpers to share thoughts, ideas, and plays 88 replies

Synergy Method For Scalpers and Scalpers Hourly Range Calculator (Based on TSR) 22 replies

Attachments: The Scalpers Dream
Exit Attachments

The Scalpers Dream

  • #201
  • Oct 29, 2010 8:12am Oct 29, 2010 8:12am
Quoting jaws810
which EA?
I am also confused now?
  • #202
  • Oct 29, 2010 8:42am Oct 29, 2010 8:42am
Tried this in 'place order n forget it' way, 20W12L for this week, net profit -60pips, seems the rules need more restrictions especially like tp/sl ratio etc..

October 25 20:09:27 2010 EDTEUR/USD1.3945
October 26 14:00:36 2010 EDTEUR/CHF1.3655
October 26 15:13:42 2010 EDTAUD/USD0.9845
October 26 15:43:49 2010 EDTGBP/USD1.5845
October 27 05:25:34 2010 EDTGBP/CHF1.5655
October 27 06:26:27 2010 EDTUSD/JPY81.55
October 27 08:09:31 2010 EDTAUD/JPY79.45
October 28 05:03:58 2010 EDTGBP/JPY128.45
October 28 09:22:51 2010 EDTCHF/JPY82.45
October 28 18:37:47 2010 EDTUSD/CHF0.9845
October 29 06:50:54 2010 EDTEUR/USD1.3845
October 29 08:36:31 2010 EDTGBP/CHF1.5755
October 25 16:35:36 2010 EDTAUD/USD0.99
October 26 02:49:55 2010 EDTGBP/USD1.58
October 26 03:37:54 2010 EDTUSD/JPY81
October 26 04:46:51 2010 EDTEUR/GBP0.88
October 26 09:04:54 2010 EDTUSD/CHF0.98
October 27 02:32:10 2010 EDTEUR/USD1.38
October 27 03:08:40 2010 EDTAUD/USD0.97
October 27 03:15:34 2010 EDTUSD/CAD1.03
October 27 04:52:26 2010 EDTUSD/CHF0.99
October 27 05:16:48 2010 EDTEUR/CHF1.37
October 28 08:13:05 2010 EDTGBP/USD1.59
October 28 08:14:47 2010 EDTGBP/CHF1.57
October 28 08:20:04 2010 EDTAUD/USD0.98
October 28 08:50:28 2010 EDTEUR/CHF1.37
October 28 10:00:44 2010 EDTEUR/USD1.39
October 28 10:07:09 2010 EDTUSD/JPY81
October 28 11:23:45 2010 EDTUSD/CAD1.02
October 28 22:22:28 2010 EDTEUR/JPY112
October 29 04:03:57 2010 EDTGBP/JPY128
October 29 05:18:41 2010 EDTAUD/USD0.97
  • #203
  • Oct 29, 2010 9:22am Oct 29, 2010 9:22am
Quoting jaws810
which EA?
i'm using the first ea posted by ek24

i've copied the text and compiled it

see the attached file!!
Attached File(s)
File Type: ex4 Scalper Dream.ex4   8 KB | 641 downloads
  • #204
  • Edited 10:09am Oct 29, 2010 10:05am | Edited 10:09am
Hi All.

Did something out of character today, traded even though it was a Friday. Only one trade placed as I was not at my desk for most of the trade. Set it and forgot it (manually) Got my 11 pips...Sold EUR/USD @ 1.38261, bought to close @ 1.38150 (Left about 9pips on the table)

So running total of trades is 12W1L, total pips +42 (keep in mind my previous post that I am trading manually and closing out positions if I feel uncomfortable with them...hence the pip count may not cast to the trades won) Still in the black though, two days in a row, which has never happened for me

Looking back at the PA for the day there would have been two more possible trades for me to take.

Have a good weekend

H
  • #205
  • Oct 29, 2010 10:20am Oct 29, 2010 10:20am
That's the same one I am trying to get to work live, but it doesn't work. What did you do different?

Quoting dnabrasil
i'm using the first ea posted by ek24

i've copied the text and compiled it

see the attached file!!
  • #206
  • Oct 29, 2010 11:00am Oct 29, 2010 11:00am
Quoting HannesJoub
Hi All.

Did something out of character today, traded even though it was a Friday. Only one trade placed as I was not at my desk for most of the trade. Set it and forgot it (manually) Got my 11 pips...Sold EUR/USD @ 1.38261, bought to close @ 1.38150 (Left about 9pips on the table)

So running total of trades is 12W1L, total pips +42 (keep in mind my previous post that I am trading manually and closing out positions if I feel uncomfortable with them...hence the pip count may not cast to the trades won) Still in the black though, two days in a...
WTG

My record for the week is 18W/6L=+60 which would be good if I was trading even lots or 4 out of the six losses weren't in a row. which currently leaves me down a little over 9% for the week, but I'm still in the market at least for a couple more hours.

In case you didn't catch my post last week, CANCEL ALL ORDERS BEFORE THE MARKET CLOSES, I had some active orders over the weekend and one entry and SL was hit within a few minutes after the market opened.
  • #207
  • Oct 29, 2010 11:00am Oct 29, 2010 11:00am
Quoting TrendTradr
That's the same one I am trying to get to work live, but it doesn't work. What did you do different?
nothing..
i've attached it to various chart, h1 time frame and it does the rest!
i'm unable to help you
i'm sorry....
  • #208
  • Oct 29, 2010 11:12am Oct 29, 2010 11:12am
Not a bad week of manual trading using this method. Ended the week with 18 wins and 4 losses (+130 pips). Homework for this weekend is to game different SL options to reduce magnitude of the losers while preserving winners and solidify my twists on the core rules.

Here are my trades:
2010.10.29 08:46 buy gbpusd 1.59850 2010.10.29 11:06 1.60019 16.9
2010.10.29 08:53 buy audusd 0.97847 2010.10.29 10:59 0.98000 15.3
2010.10.29 08:55 buy audjpy 78.850 2010.10.29 10:36 79.001 15.1
2010.10.29 08:38 buy eurusd 1.38851 2010.10.29 08:48 1.39000 14.9
2010.10.28 21:51 sell eurjpy 112.149 2010.10.28 22:22 111.997 15.2
2010.10.28 08:13 sell eurgbp 0.87150 2010.10.28 13:54 0.87500 -35
2010.10.28 08:19 sell usdjpy 81.135 2010.10.28 10:07 80.999 13.6
2010.10.28 08:32 buy eurusd 1.38850 2010.10.28 10:00 1.39009 15.9
2010.10.28 08:38 buy eurchf 1.36893 2010.10.28 08:50 1.37000 10.7
2010.10.28 08:13 buy audusd 0.97850 2010.10.28 08:20 0.98004 15.4
2010.10.28 08:13 buy gbpchf 1.56856 2010.10.28 08:15 1.57005 14.9
2010.10.28 08:10 buy gbpusd 1.58850 2010.10.28 08:13 1.59005 15.5
2010.10.28 00:33 buy eurjpy 112.849 2010.10.28 03:15 112.501 -34.8
2010.10.27 20:39 buy gbpusd 1.57850 2010.10.27 23:12 1.58004 15.4
2010.10.27 08:48 sell gbpusd 1.58136 2010.10.27 10:23 1.57997 13.9
2010.10.27 08:23 sell audusd 0.97144 2010.10.27 10:05 0.96997 14.7
2010.10.27 08:17 buy usdchf 0.98850 2010.10.27 10:02 0.99001 15.1
2010.10.27 08:30 buy usdjpy 81.855 2010.10.27 09:22 81.501 -35.4
2010.10.27 02:35 sell eurgbp 0.87154 2010.10.27 03:59 0.87492 -33.8
2010.10.27 02:33 sell audusd 0.97152 2010.10.27 03:08 0.96997 15.5
2010.10.27 02:45 sell gbpusd 1.58149 2010.10.27 03:08 1.57989 16
2010.10.26 23:17 sell eurusd 1.38150 2010.10.27 02:32 1.37998 15.2

Results by pair:
pair / trades / pips
gbpusd 5 77.7
audusd 4 60.9
eurusd 3 46
audjpy 1 15.1
usdchf 1 15.1
gbpchf 1 14.9
eurchf 1 10.7
eurjpy 2 -19.6
usdjpy 2 -21.8
eurgbp 2 -68.8

Have a good weekend everyone.
  • #209
  • Oct 29, 2010 11:12am Oct 29, 2010 11:12am
Maybe the EA only works live on a "Real" account and not a demo account. I guess it doesn't really matter. I'm not going to trade this method w/ real money since I don't think it is viable. At first I thought the concept was interesting, but I am loosing interest now. Good luck to everyone.
  • #210
  • Oct 29, 2010 11:33am Oct 29, 2010 11:33am
Quoting TrendTradr
Maybe the EA only works live on a "Real" account and not a demo account. I guess it doesn't really matter. I'm not going to trade this method w/ real money since I don't think it is viable. At first I thought the concept was interesting, but I am loosing interest now. Good luck to everyone.
This one works fine with demo.
Attached File(s)
File Type: mq4 BigRound.mq4   12 KB | 426 downloads
  • #211
  • Oct 29, 2010 11:35am Oct 29, 2010 11:35am
Quoting TrendTradr
Maybe the EA only works live on a "Real" account and not a demo account. I guess it doesn't really matter. I'm not going to trade this method w/ real money since I don't think it is viable. At first I thought the concept was interesting, but I am loosing interest now. Good luck to everyone.
i'm using it in demo account
  • #212
  • Oct 29, 2010 12:04pm Oct 29, 2010 12:04pm
Quoting roundrock
the idea is good but how do you decide when to enter when to exit, where do you keep stoploss ? how do you make the idea tradable consistently on long term basis ?

there are many such ideas but building a trading system is the key. for example buy when yesterday high is broken. most of the times it goes past and gives you some pips. but then how do you know tp, sl ?

looks like jaws has a plan with 5 pairs and limiting one at a time. we would wait and see. i would definitely as trading hours to the system. i dont trade in asia and late US hours....
----

I only use this method manually when situation arises. Building an EA along those you suggested is most certainly a step to ascertain if an EA is profitable or not. Also you may consider using an SMA100/200 - another tool that will served as a support and resistance where you can laid your pending orders as a bait in case PA will penetrate towards those level. If you are a long time trader SL may not be necessary (IMO), as a scalper you have to.

Sincerely,

Edd
  • #213
  • Oct 29, 2010 1:37pm Oct 29, 2010 1:37pm
Quoting jaws810
WTG

My record for the week is 18W/6L=+60 which would be good if I was trading even lots or 4 out of the six losses weren't in a row. which currently leaves me down a little over 9% for the week, but I'm still in the market at least for a couple more hours.

In case you didn't catch my post last week, CANCEL ALL ORDERS BEFORE THE MARKET CLOSES, I had some active orders over the weekend and one entry and SL was hit within a few minutes after the market opened.
Hi Jaws...

First off, thanks for bringing this method to light. Seriously, I have been at Forex for close to three years now, and this is the first time that I have been able to achieve these types of results, pips, $ or win/loss ratio wise. So I still have a little trepidation before getting excited. Will continue to forward test and will post if you/anyone is interested.

Have a good weekend,

Cheers

H
  • #214
  • Oct 29, 2010 2:11pm Oct 29, 2010 2:11pm
Hello,

Please, can someone show me where on mt4 you can see results of trades the EA has executed. My EA is attached with a smiley smiling, so EA is working.

Thanks
  • #215
  • Oct 29, 2010 2:25pm Oct 29, 2010 2:25pm
Quoting HannesJoub
Hi Jaws...

First off, thanks for bringing this method to light. Seriously, I have been at Forex for close to three years now, and this is the first time that I have been able to achieve these types of results, pips, $ or win/loss ratio wise. So I still have a little trepidation before getting excited. Will continue to forward test and will post if you/anyone is interested.

Have a good weekend,

Cheers

H
You are wise to be cautious, this is also my longest period of consistent results without using either a huge SL, no SL or martingale progression which works for a while but eventually blow your account. I like the results so far but it's been less than 2 weeks and I have changed the way I trade it since I started, so I'll continue to be cautious at least for a couple months then if I'm still using it successfully I'll say it's a successful system. Who knows maybe it's just working now because of current market conditions.


Have a nice weekend everyone!
  • #216
  • Oct 29, 2010 6:23pm Oct 29, 2010 6:23pm
Weekly recap using 25 pip SL/TP and entering at .0025 & .0075 on the 6 majors:

24 trades
15 wins
9 loses

Trades were manually and not taken around the clock. Mostly in the Asian or US session.
  • #217
  • Nov 1, 2010 6:57am Nov 1, 2010 6:57am
Good morning, afternoon, evening everyone and GL on this weeks trading.

I got started early, just after the market opened and my trades have not gone that well, I got 3w/3l and another one going now that's looking a bit weak, so I think next week I'll wait till just before NY open to begin my trading.
  • #218
  • Nov 1, 2010 8:57pm Nov 1, 2010 8:57pm
jaws, can you update the first post wih your latest rules for entry ?
  • #219
  • Nov 2, 2010 9:04am Nov 2, 2010 9:04am
Hey guys,

I tried this method in my demo a/c.

9 wins, 5 losses. Overall 135 pips profit, 150 pips loss.

It works, but following are my suggestions and i am going to try out :

1) Enter trade in the direction of the trend.

2) Watch when the price is in middle, means when price is bullish and climbing and reach, let us say 1.3960, enter long at 1.3985.

3) Watch if Price is falling, let us say 1.3950, when reaches 1.3915 enter short.

4) Take profit level : 25 pips.

5) Stop loss : 25 pips.

Today when i tried out, i noticed that when the price was bullish, the EA entered into short and got stopped out.
Intraday only.
  • #220
  • Nov 3, 2010 1:13am Nov 3, 2010 1:13am
Hi Guys, hope all are well.

I am by no means some one that should be paid to much attention to ito Forex, but it is clear to me that at this point in time, manual trading of this strategy is profitable whilst the EA is not...I made only one further trade this week so far, and it turned out to be a winner total now 13W1L 57 pips. Not fireworks but beats my previous returns of 5W400L -2000 pips
0 traders viewing now