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Lucky Spike System

  • #161
  • Edited 10:36am Dec 15, 2010 10:26am | Edited 10:36am
This may be the scalpers dream come true set up...
anyway this is what I'll be using maybe for quite some time.
It's nice....
It's an adx crossing indi.. the red or blue dots...
with a trailing stop indi,
wood pivots
and
candles...
yeah..
Attached Image (click to enlarge)
Click to Enlarge Name: dream.gif Size: 67 KB
Attached File(s)
File Type: mq4 ADX Crossing.mq4   4 KB | 689 downloads
File Type: mq4 BBands_Stop_8.mq4   5 KB | 639 downloads
File Type: tpl candle.tpl   42 KB | 647 downloads
File Type: mq4 i-Sessions pst.mq4   6 KB | 639 downloads
File Type: mq4 DailyWoodPivot.mq4   5 KB | 613 downloads
File Type: mq4 FFCal.mq4   49 KB | 604 downloads
  • #162
  • Dec 15, 2010 12:05pm Dec 15, 2010 12:05pm
Quoting jiva34
This may be the scalpers dream come true set up...
anyway this is what I'll be using maybe for quite some time.
It's nice....
It's an adx crossing indi.. the red or blue dots...
with a trailing stop indi,
wood pivots
and
candles...
yeah..
A trailing stop method you might consider.

The idea is that you count back three bars and place a stop at the bottom of the lowest of the three bars if long (top of highest of the three bars if short). The trick is that when you are counting the bars you do not count the bars that are "inside bars" (an inside bar is any bar that is equal to or engulfed by the previous bar). See the illustration below.
Attached Image
Could it be Man is trying to be something without knowing they're complete?
  • #163
  • Edited 12:45pm Dec 15, 2010 12:33pm | Edited 12:45pm
Quoting Numb3rs
A trailing stop method you might consider.

The idea is that you count back three bars and place a stop at the bottom of the lowest of the three bars if long (top of highest of the three bars if short). The trick is that when you are counting the bars you do not count the bars that are "inside bars" (an inside bar is any bar that is equal to or engulfed by the previous bar). See the illustration below.
Interesting, thanks...
Know of an indi that will flag this?
http://img692.imageshack.us/img692/1769/3bar.jpg
  • #164
  • Dec 15, 2010 1:04pm Dec 15, 2010 1:04pm
I really like this set up....
I have EURUSD and GBPUSD charts for all the time frames set up with the candle template.

when adx cosses on any of them the alert sounds. The alert sounded and there was a popup - adx crossing up on GBPUSD 5min.
And there it was the candle formation on the 30 min, confirmed by the adx cross up on the 5 min...

got it: +3
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 67 KB
Click to Enlarge Name: gbp1.gif Size: 47 KB
  • #165
  • Dec 15, 2010 1:06pm Dec 15, 2010 1:06pm
Quoting jiva34
Interesting, thanks...
Know of an indi that will flag this?
http://img692.imageshack.us/img692/1769/3bar.jpg
No I have not seen one. This method is not new though so maybe one is out there.
Could it be Man is trying to be something without knowing they're complete?
  • #166
  • Dec 15, 2010 1:20pm Dec 15, 2010 1:20pm
This will show pin bars and other price action and you can set it to alert you to what time frame it is on. Set all the time frames to true and it will pop up alert with message.

Not sure but it might be of use here also.
Attached File(s)
File Type: mq4 PriceAction AHA 0_2v2.mq4   51 KB | 643 downloads
Could it be Man is trying to be something without knowing they're complete?
  • #167
  • Dec 15, 2010 8:49pm Dec 15, 2010 8:49pm
try this
download the template fatwicks ,its for vsa
http://www.forexfactory.com/showthread.php?p=4240098

and add these indis to it
http://img140.imageshack.us/img140/1586/chstty278d.gif
Attached File(s)
File Type: mq4 RBCI2a.mq4   8 KB | 469 downloads
File Type: mq4 HMA_Russian_Color.mq4   4 KB | 461 downloads
File Type: ex4 Color Stochastic.ex4   5 KB | 425 downloads
  • #168
  • Dec 15, 2010 9:00pm Dec 15, 2010 9:00pm
Quoting dragan53
try this
download the template fatwicks ,its for vsa
http://www.forexfactory.com/showthread.php?p=4240098

and add these indis to it
http://img140.imageshack.us/img140/1586/chstty278d.gif
OK 53. Been thru the entire thread and just as I was beginning to understand what's going on, it's off.

Did the original scalp get scrapped?

What you just posted looks interesting. How do you interpret it?
Thanks, DW
  • #169
  • Dec 15, 2010 9:11pm Dec 15, 2010 9:11pm
well,u can try to find that out yourself,
from what i see,when it boundes from one o those lines the rbci indi it goes the other direction ,when it goes trhu it goes to that direction that its going now,im trying to figure out more about ,hoepfully my friend john last can tell us from optimized trend thread
  • #170
  • Edited 9:52pm Dec 15, 2010 9:33pm | Edited 9:52pm
buy at growth ,sell at decline

also(buy low stochastic red and sell high stoch green)adn its has to cross

growth is hma blue,and rbci going thru

the opposite for sell


:::it is simply vsa digital:::
  • #171
  • Dec 15, 2010 10:26pm Dec 15, 2010 10:26pm
Quoting diamonddbw
OK 53. Been thru the entire thread and just as I was beginning to understand what's going on, it's off.

Did the original scalp get scrapped?

What you just posted looks interesting. How do you interpret it?
Thanks, DW
The lucky spike is something we always keep an eye out for, but we are looking for other setups also. Lucky spike is good.
  • #172
  • Edited 8:28am Dec 16, 2010 3:58am | Edited 8:28am
Not avoiding everyone, just been diving deep..
Great scalping strategy!!
Was playing with some ea's and opened the code. could see what the strategy was. the ea stinks...
But the strategy is great.
Sometimes that happens, automation is difficult..
I call it the bounce.
Since it is very fast on the 1m, candle formations don't enter into it to much, although a really obvious formation should not be overlooked...

When candle closes outside the bb bands (10,2) take a trade opposite.
So above bb, sell,
below bb, buy..
Don't take more than a 4 pip loss.
Look for 5 to 10 pips or more...

Just getting started with this...

There's lots going on with the thread, sorry if it goes a lot of different places, but I'm okay with it...
Lots of good stuff here.
Serious traders trying like anything to get it to work the best we can.
Attached Image (click to enlarge)
Click to Enlarge Name: bounce.gif Size: 60 KB
Attached File(s)
File Type: tpl bounce.tpl   17 KB | 324 downloads
  • #173
  • Dec 16, 2010 5:38am Dec 16, 2010 5:38am
+2, +3

Don't see why this wouldn't work on any time frame....
Just use very tight stops....
Attached Image (click to enlarge)
Click to Enlarge Name: bounce1.gif Size: 56 KB
  • #174
  • Dec 16, 2010 6:09am Dec 16, 2010 6:09am
Quoting jiva34
+2, +3

Don't see why this wouldn't work on any time frame....
Just use very tight stops....
u need tight spreads for this,
  • #175
  • Edited 8:29am Dec 16, 2010 7:39am | Edited 8:29am
Quoting dragan53
u need tight spreads for this,
Tight spreads would help, that's for sure.
I'm trading FXDD fixed spread EURUSD 2 pips
I want to put some time into researching higher time frames.
The ea we were working on used a breach of hi lo channel. The problem we ran into was what the best value of the channel was. Since it was based on a moving average that moving average tended to change with market conditions.
But using bb set at 10 may be a better choice.
I want to look at the 1 hour...
  • #176
  • Dec 16, 2010 8:50am Dec 16, 2010 8:50am
So far so good.
If this works so nicely on 1m why not 15m or hourly?
Attached Image (click to enlarge)
Click to Enlarge Name: bounce2.gif Size: 58 KB
  • #177
  • Dec 16, 2010 10:21am Dec 16, 2010 10:21am
What's great about this is it can be traded anytime.
It's just a simple reflex bounce out of 1m overbought or oversold conditions...
News shmews, Friday, Sunday, Holidays... who cares...

This is trading on the cellular level.... nano...
nuclear energy...
  • #178
  • Dec 16, 2010 1:15pm Dec 16, 2010 1:15pm
The more I work with this design the more it makes sense.
Just like with indis (only better because this is pure price action!!!)
the candles can been on different time frames.
the move in the chart showed the same candle formation on 3 time frames.
1m, 5m, and 15 min. so it was a nice move...
First full day trading this.
Results are good.
One loss was a technical error I clicked to buy when it I should have sold.
The other error I just didn't play it right... let the loser run...
I can see something like this with lot size=%balance.....
Attached Image (click to enlarge)
Click to Enlarge Name: bounce3.gif Size: 72 KB
  • #179
  • Dec 16, 2010 6:44pm Dec 16, 2010 6:44pm
great jiva i see u found ur belonging in the scalper range
  • #180
  • Dec 16, 2010 6:48pm Dec 16, 2010 6:48pm
so tell me some insights into this strategy is it the same as the sr p one,like the original post?right now im testing it,can u give me some further insight into 1m strategy
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