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the most secure 5 pip scalping system

  • #41
  • Nov 8, 2010 4:10pm Nov 8, 2010 4:10pm
Quoting exking
why there is not any answer?
I see so many people coming and going, why doesn't anyone give their thoughts?
Maybe everyone is waiting to see results from some weeks or they're waiting to show their results after some week.
At least someone says it sucks so I can ask why?
My guess is that they think the system is so simple to be profitable.
M8 I think people have just seen all this before... Not saying your system isnt profitable cause I havent bothered to try it but with just a week of testing theres a high chance its just another crap in the bucket.

Dont take it personally

And yes maybe people are giving it a try before writing it off that is a possibility
Time hides Nothing
  • #42
  • Nov 8, 2010 4:12pm Nov 8, 2010 4:12pm
exking
Thanks for sharing your method and experience.
When I read "it's incredibly profitable ... it's also very simple...
TP:5, SL:15, but my stop isn't hit yet" over even a week's time is -
that sounds promising. I've never gotten into the THV thingy so don't know what to say on that.

Keep up the good work and letting us in on your thoughts - just verbalizing what you're thinking and doing is likely a self-help in refining your system.
  • #43
  • Nov 8, 2010 4:13pm Nov 8, 2010 4:13pm
Quoting CindyXXXX
M8 I think people have just seen all this before... Not saying your system isnt profitable cause I havent bothered to try it but with just a week of testing theres a high chance its just another crap in the bucket.

Dont take it personally

And yes maybe people are giving it a try before writing it off that is a possibility

How about some live examples instaed of hindsight story telling
Thanks,
I showed history of all trades that I took today, I continue this way till I get satisfying result in a longer term and the system improves.
  • #44
  • Nov 8, 2010 4:26pm Nov 8, 2010 4:26pm
Quoting exking
Thanks,
I showed history of all trades that I took today, I continue this way till I get satisfying result in a longer term and the system improves.
Just noticed that and editied my post about the hindsight thing... I will just shut up!
Time hides Nothing
  • #45
  • Edited 4:48pm Nov 8, 2010 4:28pm | Edited 4:48pm
Quoting paws
exking
Thanks for sharing your method and experience.
When I read "it's incredibly profitable ... it's also very simple...
TP:5, SL:15, but my stop isn't hit yet" over even a week's time is -
that sounds promising. I've never gotten into the THV thingy so don't know what to say on that.

Keep up the good work and letting us in on your thoughts - just verbalizing what you're thinking and doing is likely a self-help in refining your system.
Thanks for your answer,
I don't say it's perfect or it never hits stoploss, I said not yet in a week period and I thought it's good for the beginning, don't you think so?
A week period can be good for a scalping system with 4-5 signals daily, for start of course.
Anyway I started this thread so I can get help from others but till now there is no answer or people are waiting for results in a long run, which is ok by me.
I'm not sure about the system yet so I have to continue to see the results, I just wanted to find some friends to help me through it. But I think not anyone has got the time or the motive to do it, so I continue and you'll get the results, I hope it would be profitable in a longer run.
I'm looking forward to see you again.
  • #46
  • Nov 8, 2010 5:46pm Nov 8, 2010 5:46pm
Congrats on trapping price reliably. You did it at the cost of needing too many indicators, a high W:L, inverse R:R, and spread = net profit. A lot of work left, I'd say.
  • #47
  • Nov 9, 2010 2:25am Nov 9, 2010 2:25am
hello exking and thanks for sharing your thoughts on this system. When I saw your first posts yesterday, I thought this has a potential, so I set up a demo account and watched both the EURUSD and GBPUSD for valid signals. Unfortunately, my stoplosses hit more than my TP points and blew up a couple of accounts.

the thing I realized (and might have read) about these MTF indicators is that although you fix and trade in lower time frames, the parts showing higher time frames continue to be processed and sometimes repaints, which means you enter into a trade in M1 timeframe, but M5 indicator may repaint later. That was what I saw in my trades that I took yesterday. For this reason, I changed the time frame to M5 and also increased the TP to 10pips and SL to 20pips. Increasing time frame would also decrease the trade opportunities, so I started to follow 7 major parities (G/U, E/U, E/J, U/J, A/U, E/C, U/C) which have lowest spreads at my broker.

anyway, it's been about an hour now since I started watching them and I concluded 8 trades, 7 of which closed in profit and 1 hit stoploss.

I will let you know the latest situation at the end of the day.

good luck...
Attached Image (click to enlarge)
Click to Enlarge Name: trades.jpg Size: 390 KB
  • #48
  • Nov 9, 2010 2:39am Nov 9, 2010 2:39am
Quoting ha-pattern
Congrats on trapping price reliably. You did it at the cost of needing too many indicators, a high W:L, inverse R:R, and spread = net profit. A lot of work left, I'd say.
Hi,
Thank you my friend, I would be happy to hear anything about this system,
As you see in history of trades most of the time each trade gives us about 10 to 20 pips, but I say this is a secure 5pips system so don't forget about security and strength of the signals, if in a long run we have more pips gained than lost, what can be the problem?
for example we say just 5pips winning, if we have 10 winning trade and 1 losing trade with 15 pips what's the matter?
But I said it as an example, the win/loss ratio is not clear yet, it may be better than 50pips to 15pips loss, and it was so till now,
  • #49
  • Nov 9, 2010 2:47am Nov 9, 2010 2:47am
Quoting isengoz
hello exking and thanks for sharing your thoughts on this system. When I saw your first posts yesterday, I thought this has a potential, so I set up a demo account and watched both the EURUSD and GBPUSD for valid signals. Unfortunately, my stoplosses hit more than my TP points and blew up a couple of accounts.

the thing I realized (and might have read) about these MTF indicators is that although you fix and trade in lower time frames, the parts showing higher time frames continue to be processed and sometimes repaints, which means you enter into...
That was the thing that I was waiting to hear, thank you for your effort,
As shown in my history you see that I took them on m1 and all the trades were closed in profit, it's true that sometimes the mtf indicator repaints but actually it doesn't repaint, you see changing color of the two bottom lights which are related to the 5min trix and they may change color before closing of the 5min candle, I knew that thing but for me the entry point was closing of the 1min candle with the help of 5min trix.
Thank you again
I'm looking forward to your result
  • #50
  • Nov 9, 2010 2:51am Nov 9, 2010 2:51am
Quoting isengoz
hello exking and thanks for sharing your thoughts on this system. When I saw your first posts yesterday, I thought this has a potential, so I set up a demo account and watched both the EURUSD and GBPUSD for valid signals. Unfortunately, my stoplosses hit more than my TP points and blew up a couple of accounts.

the thing I realized (and might have read) about these MTF indicators is that although you fix and trade in lower time frames, the parts showing higher time frames continue to be processed and sometimes repaints, which means you enter into...
And please share your entry rule based on 5min chart
  • #51
  • Edited 3:20am Nov 9, 2010 2:57am | Edited 3:20am
I think for 5min chart we can have 15min or 30min trix for better view, you can change the setting in the input of the mtf trix indicator, the ePeriod for timeframe and ePeriodtype 1 for fast and 0 for slow, and also we can add the trix called indicator to the chart for a bigger view.
This indicator is also available on the first post, it's the base indicator of Mtf trix, don't get confused.
Attached File(s)
File Type: ex4 THV4 Trix called.ex4   28 KB | 314 downloads
  • #52
  • Nov 9, 2010 3:02am Nov 9, 2010 3:02am
I want to ask at what session do you trade? Asia, London, or New York session?

If you only take 5 pip TP then you can only use pair with low spread to get better chance right?
  • #53
  • Nov 9, 2010 3:16am Nov 9, 2010 3:16am
The trade I just took
Attached Image (click to enlarge)
Click to Enlarge Name: entry.JPG Size: 190 KB
  • #54
  • Nov 9, 2010 3:30am Nov 9, 2010 3:30am
Quoting mukamu
I want to ask at what session do you trade? Asia, London, or New York session?

If you only take 5 pip TP then you can only use pair with low spread to get better chance right?
Hi,
at this point I trade at all session, but as you know for scalping we need a trend market, so we can do it wherever we find it.
for spread I say yes, but yet I didn't get a chance to run it on pairs with higher spread, it can be good since they have bigger moves.
maybe someone test it and tell us, but first I recommend to get the hang of the system on pairs with lower spread such as E/U.
  • #55
  • Nov 9, 2010 4:18am Nov 9, 2010 4:18am
Quoting exking
And please share your entry rule based on 5min chart
Entry rule is the same you mentioned in the first post. I enabled the alert option for optimal setting in THV indicator. It makes following the parities easier. One thing that is different from yours is that I enter 0.1 lot (or 1 unit we may say) for each valid signal I get. For example, there are 3 open usdjpy orders at the moment. I will check and review the trades I took at the end of the day to filter out bad trades, i.e. trade once per direction, no trade near psychological levels or S/R points, etc.
  • #56
  • Nov 9, 2010 4:38am Nov 9, 2010 4:38am
Quoting isengoz
Entry rule is the same you mentioned in the first post. I enabled the alert option for optimal setting in THV indicator. It makes following the parities easier. One thing that is different from yours is that I enter 0.1 lot (or 1 unit we may say) for each valid signal I get. For example, there are 3 open usdjpy orders at the moment. I will check and review the trades I took at the end of the day to filter out bad trades, i.e. trade once per direction, no trade near psychological levels or S/R points, etc.
You mean with current setting (1 fast. 1 slow, 5 fast, 5 slow) u go on 5min and wait for 4 green/red lights? and you start at the beginning of the next candle?
and other thing, I use 0.5 because on demo Alpari doesn't allow trading under 0.1 and I want partial closing so I can't have a partial close with 0.05 for example.
Thanks for your cooperation
  • #57
  • Nov 9, 2010 4:51am Nov 9, 2010 4:51am
well sir. you wanted feedback. so i will give you feedback. the same feedback you would get from anyone who has followed thv closely.

your methodology is not so different from say treads 5 ema's lining up properly on 1m, 5m & 15, with adx agreement and trix agreement, preferrably with a cross of the trix near zero on the m5 and then followed shortly on the m1.

your methodology is a watered down version and more humane you might say (less wait time), however, you would be trading more and losing more, but i'm positive it would be profitable overall. for sure it would be. i am also sure, you will have losing days as well since your not really waiting for TOO many things to align.

one thing though is this, 5 pip gain and 15 pip stop loss. will not work. you have to be willing to lose! r:r is very important. because of spread. going for a 5pip gain ain't gonna work. i guarantee it.

copying your methodology EXACTLY as you have it. going for 30 pip win and 15 pip stop loss. AND expecting to win 40% of the time will work for you.

i welcome anybody who is familiar with thv to challenge me. as long you are willing to do a good risk to reward ratio, your plan just as it is will work. you try to do 5pip gain and 15pip stop loss, you will fail.
  • #58
  • Nov 9, 2010 5:09am Nov 9, 2010 5:09am
I wasn't online but these are examples of trades that I missed.
Attached Image (click to enlarge)
Click to Enlarge Name: entry.JPG Size: 171 KB
  • #59
  • Nov 9, 2010 5:25am Nov 9, 2010 5:25am
Quoting chiba_san
well sir. you wanted feedback. so i will give you feedback. the same feedback you would get from anyone who has followed thv closely.

your methodology is not so different from say treads 5 ema's lining up properly on 1m, 5m & 15, with adx agreement and trix agreement, preferrably with a cross of the trix near zero on the m5 and then followed shortly on the m1.

your methodology is a watered down version and more humane you might say (less wait time), however, you would be trading more and losing more, but i'm positive it would be profitable...
Hi chiba san,
thanks for sharing,
I'm agree with all of the above, but let me clear something, this is a 5 secure pips system and as you see in all examples and history of trades we're catching at least 10 pips in most of the trades and sometimes more, but I say 5pips because at 5pips profit I have a partial close and breakeven, and other thing is with all other things that we may not wait to get aligned the system works properly for now, and we are not facing so many SL's (none till now).
If you have any recommendation or ideas I would be happy to hear.
  • #60
  • Nov 9, 2010 5:35am Nov 9, 2010 5:35am
Out of a 90 pip rally you'd be happy with 10?

Any good trader is going to buying and adding on the climb. When the momentum is strong and therefore making money easier, those are the times that you need to be pushing to make the most money.

Put it this way - if you put on a trade and you are quickly 10 pips up what does it mean? It means that you were right about the direction. Is that the time you should be getting out? The market has just said you were right.

Sometimes the right thing is to scalp out 10 pips but the difference between an amateur and a pro is that the pro knows when to push it. You can often make your entire week of scalps on a single swing. This mornings Euro move up was a slam dunk.
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