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VolcanoWMA Scalping

  • #61
  • Nov 16, 2010 8:24am Nov 16, 2010 8:24am
hmmmm.... well it's nice. thanks for sharing.

may i suggest using those over mtf's for confirmation
  • #62
  • Edited 8:37am Nov 16, 2010 8:34am | Edited 8:37am
personally when i trade one TF i do not switch over the others... but you are free to do what fit with your trading ;-)
if you win you can share if you loose you can try to sell your shit.
  • #63
  • Nov 16, 2010 9:00am Nov 16, 2010 9:00am
one more exited a bit early but today it's 1min TF so i do not expect huge TP:

http://img189.imageshack.us/img189/7...0metatrade.png

http://img811.imageshack.us/img811/2...rimary1.th.png

but that's not so bad for 1 hour and half of work
if you win you can share if you loose you can try to sell your shit.
  • #64
  • Nov 16, 2010 9:38am Nov 16, 2010 9:38am
and one more on the 10sec chart:

http://img577.imageshack.us/img577/2...deprimary1.png

done for the day.
if you win you can share if you loose you can try to sell your shit.
  • #65
  • Nov 16, 2010 9:56am Nov 16, 2010 9:56am
Hello,

I want to start scalping in 1min TF, can you tell me what value of MA do you use?
  • #66
  • Nov 16, 2010 10:14am Nov 16, 2010 10:14am
Quoting Europe
Hello,

I want to start scalping in 1min TF, can you tell me what value of MA do you use?
I know that's fuckin' hard but you have to read the whole thread...
if you win you can share if you loose you can try to sell your shit.
  • #67
  • Nov 16, 2010 10:17am Nov 16, 2010 10:17am
and one more on the 10sec chart:

http://img694.imageshack.us/img694/4...deprimary2.png

really good day, no loosing trades...
if you win you can share if you loose you can try to sell your shit.
  • #68
  • Nov 16, 2010 12:45pm Nov 16, 2010 12:45pm
Im sorry,
I read your thread a lot earlier and then did not see these parameters.
  • #69
  • Nov 16, 2010 12:50pm Nov 16, 2010 12:50pm
here is a comparison between 1M and 5M TF today:

http://img824.imageshack.us/img824/7...0metatrade.png

http://img403.imageshack.us/img403/7...0metatrade.png

on the 5M TF we miss all the move...

The problem with the 1M TF is that there is a lot of fake arrow during choppy zone...

maybe a good compromise could be to scalp the 1M with very small TP and re-enter later when there is a good trend like today, have to give it a try...
if you win you can share if you loose you can try to sell your shit.
  • #70
  • Nov 16, 2010 12:58pm Nov 16, 2010 12:58pm
Quoting Europe
Im sorry,
I read your thread a lot earlier and then did not see these parameters.

no matter now you have read it one more time and you got it better

wma:
40 45 50
55 60
90 95 100 105 110 115 120
if you win you can share if you loose you can try to sell your shit.
  • #71
  • Nov 16, 2010 11:45pm Nov 16, 2010 11:45pm
Hi,

Just for fun, I'm thinking of coding an EA for this. When you take trades, are you really following the arrows generated by VOLCANOWMA? It is simply verifying that the MAs are trending down and that you've crossed 50% of the 9 period high/low. However, you seem to have a few more filters on your trades... You mention that you look for wide gold band and tight green/reds. Anything else? Also, what times of the day do you trade this.
If I write the EA, I'll post it here for others to play with.
Thanks
  • #72
  • Nov 17, 2010 3:43am Nov 17, 2010 3:43am
Quoting ChaserL
Hi,

Just for fun, I'm thinking of coding an EA for this. When you take trades, are you really following the arrows generated by VOLCANOWMA? It is simply verifying that the MAs are trending down and that you've crossed 50% of the 9 period high/low. However, you seem to have a few more filters on your trades... You mention that you look for wide gold band and tight green/reds. Anything else? Also, what times of the day do you trade this.
If I write the EA, I'll post it here for others to play with.
Thanks

you're very welcome if you want to code an EA for this but i do not think it will work.

i don't know what you mean by "you've crossed 50% of the 9 period high/low" ??

trading hours are written in the first post, from Monday Tokyo Open to Friday London Close, but of course there is some hours where it's slow, like everyday after London close...

i can't believe on EA for this system because i have no defined SL or TP it's all about what's going on on my chart, i take supports/resistances in consideration and so on...

but try it, i wish you good luck and if any success, please SHARE IT !
if you win you can share if you loose you can try to sell your shit.
  • #73
  • Nov 17, 2010 4:25am Nov 17, 2010 4:25am
here is a 0 pip stop loss some minutes ago:

http://img683.imageshack.us/img683/4...deprimary2.png
if you win you can share if you loose you can try to sell your shit.
  • #74
  • Nov 17, 2010 6:05am Nov 17, 2010 6:05am
here on EU, 1M TF:

http://img179.imageshack.us/img179/7...0metatrade.png

http://img594.imageshack.us/img594/4...rimary2.th.png

wow ^_^
if you win you can share if you loose you can try to sell your shit.
  • #75
  • Nov 17, 2010 9:45am Nov 17, 2010 9:45am
Quoting kikoolol
here on EU, 1M TF:

http://img179.imageshack.us/img179/7...0metatrade.png

http://img594.imageshack.us/img594/4...rimary2.th.png

wow ^_^
Hi kikoolol , seems like a good scalping system/aproach I will test it in the afternoon today after school, and feedback, thanks for sharing, do you have an idea of how much pips can we make with this system in one day trading around 3 pairs or any number of pairs? I know you dont have an exact journal of them because of the use of different systems, just to have an idea .
Thanks

____________-
Sequoia
  • #76
  • Nov 17, 2010 10:28am Nov 17, 2010 10:28am
all what i can say is that scalping only EU starting from a 3 digits account, you need only few pips a day to turn it to 7 digits in a year....

it's sc&alping 99% of the balance and 50:1 leverage each trades.

of course this is possible, it's all about persistance... discipline and patience...

i'm working on the last 2 points...

here is a spreadsheet to check this out: http://cdn.forexfactory.com/attachme...6&d=1240479146

it comes from another good thread on FF.

last point: i advice only EU with this sytem even if i'm undisciplined and use it with some other pairs...

i got one more loss today, it was a +1 pip loss, lol
it doesn't really hurt... after i was away and stopped trading for the day.

i wish you all the best mates ;-)
if you win you can share if you loose you can try to sell your shit.
  • #77
  • Nov 18, 2010 6:08am Nov 18, 2010 6:08am
Quoting ChaserL
Hi,

Just for fun, I'm thinking of coding an EA for this. When you take trades, are you really following the arrows generated by VOLCANOWMA? It is simply verifying that the MAs are trending down and that you've crossed 50% of the 9 period high/low. However, you seem to have a few more filters on your trades... You mention that you look for wide gold band and tight green/reds. Anything else? Also, what times of the day do you trade this.
If I write the EA, I'll post it here for others to play with.
Thanks
As mentioned, I did build an EA out of this just to see what it would do. It is slightly profitable over the course of the year, but not anything worth rejoicing over. So for now, I'll won't bother posting it.
  • #78
  • Nov 18, 2010 10:03am Nov 18, 2010 10:03am
here was the perfect setup of the day on EU 1M TF:

http://img101.imageshack.us/img101/7...0metatrade.png

i missed it
if you win you can share if you loose you can try to sell your shit.
  • #79
  • Nov 18, 2010 10:04am Nov 18, 2010 10:04am
Quoting kikoolol
all what i can say is that scalping only EU starting from a 3 digits account, you need only few pips a day to turn it to 7 digits in a year....

it's sc&alping 99% of the balance and 50:1 leverage each trades.

of course this is possible, it's all about persistance... discipline and patience...

i'm working on the last 2 points...

here is a spreadsheet to check this out: http://cdn.forexfactory.com/attachme...6&d=1240479146

it comes from another good thread on FF.

last point: i advice only EU with this sytem...

I think it is very very possible to do 20 pips a day. Let us start with for example a reasonable $ 500 account trading at a leverage of 1:50. The results are amazing even with 10 pips per day
  • #80
  • Nov 18, 2010 10:08am Nov 18, 2010 10:08am
it makes dreaming isn't it...
if you win you can share if you loose you can try to sell your shit.
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