Ride The Slope Scalping Method | Forex Factory

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Ride The Slope Scalping Method

  • #1
  • First Post: Edited Dec 14, 2010 1:17pm Dec 13, 2010 11:52am | Edited Dec 14, 2010 1:17pm
Hi all here's a simple scalping system. Trade at your own risk. Hope someone will profit from it.

What you need: MACD :12,13,1.
5,8 smas to close
Slope Indicator.(I found this one on Mt4 Indi Library, download here >>>>>>> http://codebase.mql4.com/4968

What to do: When slope signals up, and MACD slides up, and MAs cross up, BUY. Opposite with short.

Pairs: EurUsd, GbpJpy, EurJpy, AudUsd

Time: Whenever there's a trend.

TP: Until Slope turns opposite color

SL: When price goes 5 pips below high or low of where you entered trade.

Advice: Remember, when you trade this system, patience is the key.To be succsessful in this system, you must wait till the candle is closed, and you have everything you need for a good entry.

Do NOT trade on news.News will ruin signal
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"speak softly, and carry a big stick" Teddy Roosevelt
  • #2
  • Dec 13, 2010 3:15pm Dec 13, 2010 3:15pm
Trade Example
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"speak softly, and carry a big stick" Teddy Roosevelt
  • #3
  • Dec 13, 2010 4:41pm Dec 13, 2010 4:41pm
Quoting pipstert2
Hi all here's a simple scalping system.

What you need: MACD :12,13,1.
5,8 smas to close
Slope Indicator.(I found this one on Mt4 Indi Library, download here >>>>>>> http://codebase.mql4.com/4968

What to do: When slope signals up, and MACD slides up, and MAs cross up, BUY. Opposite with short.

Pairs: EurUsd, GbpJpy

Time: Whenever there's a trend.

TP: Until Slope turns opposite color

SL: When price goes 5 pips below high or low of where you entered trade.

Advice: Remember, when you trade this system, patience is the key.To...

hey, the slope indicator link is actually noit the slope indi, but a non lag ma. where is the slope indi. and any settings on it ?
  • #4
  • Dec 13, 2010 8:19pm Dec 13, 2010 8:19pm
Yes, But I call it a slope. Nothing really, except the 2nd last setting, is 1 instead of 2.
"speak softly, and carry a big stick" Teddy Roosevelt
  • #5
  • Dec 13, 2010 9:43pm Dec 13, 2010 9:43pm
No good trend= No trade
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"speak softly, and carry a big stick" Teddy Roosevelt
  • #6
  • Dec 13, 2010 9:45pm Dec 13, 2010 9:45pm
What are you using to determine trend, or lack of it?

Quoting pipstert2
No good trend= No trade
  • #7
  • Dec 13, 2010 9:49pm Dec 13, 2010 9:49pm
Quoting Dreamliner
What are you using to determine trend, or lack of it?
no lag ma, aka "slope".
"speak softly, and carry a big stick" Teddy Roosevelt
  • #8
  • Dec 13, 2010 9:52pm Dec 13, 2010 9:52pm
Please explain. Obviously you are not referring to the color of the non-lag, as it has been red for over an hour and a half. So you must mean the actual slope of the non-lag right? Do you have a way to measure the slope, so as to determine what is an acceptable trend?

Quoting pipstert2
no lag ma, aka "slope".
  • #9
  • Dec 13, 2010 9:56pm Dec 13, 2010 9:56pm
I am not talking about the color, I mean the direction of the Non lag ma, I ONLY TRADE IT when it's in up or down direction, not when threre is no up or down trend.
"speak softly, and carry a big stick" Teddy Roosevelt
  • #10
  • Dec 13, 2010 9:59pm Dec 13, 2010 9:59pm
Right. That is what I was asking you, how do you determine how much "up" is up or "down" is down? Just visually seeing that there is a slope to it?

Quoting pipstert2
I am not talking about the color, I mean the direction of the Non lag ma, I ONLY TRADE IT when it's in up or down direction, not when threre is no up or down trend.
  • #11
  • Dec 13, 2010 10:01pm Dec 13, 2010 10:01pm
Quoting Dreamliner
Right. That is what I was asking you, how do you determine how much "up" is up or "down" is down? Just visually seeing that there is a slope to it?
Well, as I said in the first post, you need the MACD to be in the direction of the trade. When the macd is dead, no trade.
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"speak softly, and carry a big stick" Teddy Roosevelt
  • #12
  • Dec 13, 2010 10:05pm Dec 13, 2010 10:05pm
The MACD has been in the same direction as the slope for the past 50 minutes. So we'll just leave it that this system is quite discretionary.

Quoting pipstert2
Well, as I said in the first post, you need the MACD to be in the direction of the trade. When the macd is dead, no trade.
  • #13
  • Dec 13, 2010 10:10pm Dec 13, 2010 10:10pm
For a good trade in this system, the MACD must look like this. Not dead like it is now,anyways, I like the slope to be in a 20-40 degree direction for a trade.
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"speak softly, and carry a big stick" Teddy Roosevelt
  • #14
  • Dec 14, 2010 10:03am Dec 14, 2010 10:03am
A couple good tades happened this morning.
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"speak softly, and carry a big stick" Teddy Roosevelt
  • #15
  • Dec 14, 2010 12:50pm Dec 14, 2010 12:50pm
This is what my template looks like.
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"speak softly, and carry a big stick" Teddy Roosevelt
  • #16
  • Dec 14, 2010 12:56pm Dec 14, 2010 12:56pm
Good long setup happening on EJ.
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"speak softly, and carry a big stick" Teddy Roosevelt
  • #17
  • Dec 14, 2010 1:59pm Dec 14, 2010 1:59pm
Could have made a few pips on this one.
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"speak softly, and carry a big stick" Teddy Roosevelt
  • #18
  • Dec 14, 2010 2:18pm Dec 14, 2010 2:18pm
Quoting pipstert2
Could have made a few pips on this one.
Sssh, that is one nasty session for a currency. Nice smooth runners however on the Cable, Euro, and even the Chief
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  • #19
  • Dec 14, 2010 2:20pm Dec 14, 2010 2:20pm
Looks interesting

What is your W/L ratio? Have you been trading this system for a long time?
  • #20
  • Edited 3:50pm Dec 14, 2010 3:36pm | Edited 3:50pm
WL is 21. But it's up to you. For a while.
"speak softly, and carry a big stick" Teddy Roosevelt
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