Ride The Slope Scalping Method

I would suggest you open 4 charts, it'll help you see more possible trades.

I would put them EJ,EU,GJ,GU.

My GBP/JPY spread is too high, I can't trade that pair... I'm concentrating on E/U, AUD/US, USD/CHF and EUR/JPY for now

DOes anyone moves his stoploss at all? I try to move to breakeven when I'm at +12 pips but most of the time it gets hit and I fear I'll lose pips in the long run... I don't know if a static TP (like maybe 15 pips or so, for a RR of around 1/1) would be good?

Sounds good.

I'd put stoploss at even when you're up 5 pips. But that's just me.

Here's a little something to help determine the trend in other timeframes, following what some other oscillators think. I don't know if it would be useful to look at it to determine entry direction... I don't use it I'm just throwing it out there. enjoy

Really? Is that what you do all the time?

Hey could use post the code here,I'd like to look at it, but my computer won't let me download Indis for some reason. thanks

First time doing this, let me know if it's right:


//--- spacing
int scaleX=120,scaleY=20,offsetX=200,offsetY=4,fontSize=8;
//--- arrays for various things
int TF[] = {5,15,30,60,240,1440,10080};
int eCCI[] = {14,14,6,6,6,6,6};
int tCCI[] = {50,34,14,14,14,14,14};
string periodStr[] = {"5 MIN:","15 MIN:","30 MIN:","1 HR:","4 HR:","1 DAY:","1 WEEK:"};
string signalNameStr[] = {"STOCH","RSI","EntryCCI","TrendCCI"};
//+------------------------------------------------------------------+
//| USER ADJUSTABLE STUFF |
//+------------------------------------------------------------------+
extern string Stochastic_Settings = "=== Stochastic Settings ===";
extern int PercentK = 8;
extern int PercentD = 3;
extern int Slowing = 3;
extern string RSI_Settings = "=== RSI Settings ===";
extern int RSIP1 = 14;
extern int RSIP2 = 70;
extern string My_Symbols = "=== Wingdings Symbols ===";
extern int sBuy = 233;
extern int sSell = 234;
extern int sWait = 54;
extern int sCCIAgainstBuy = 238;
extern int sCCIAgainstSell = 236;
string IndName = "TA 1.14c by RFS Team";
//+------------------------------------------------------------------+
//| Initialization function |
//+------------------------------------------------------------------+
int init()
{
//-- indicator short name
IndicatorShortName(IndName);
return(0);
}
//+------------------------------------------------------------------+
//| Deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
//-- need to delete objects should user remove indicator
ObjectsDeleteAll(0,OBJ_LABEL);

//-- delete timeframe text labels
for(int x=0;x<7;x++)
for (int y=0;y<4;y++)
{ ObjectDelete("tPs"+x+y); }

//-- delete indicator text labels
for(y=0;y<4;y++)
{ ObjectDelete("tInd"+y); }

//-- delete indicator arrows and text
for (x=0;x<7;x++)
for (y=0;y<4;y++)
{ ObjectDelete("dI"+x+y); }

for (x=0;x<7;x++)
for (y=0;y<4;y++)
{ ObjectDelete("tI"+x+y); }

return(0);
}
//+------------------------------------------------------------------+
//| MAIN LOOP |
//+------------------------------------------------------------------+
int start()
{
//--- create timeframe text labels
for (int x=0;x<7;x++)
for (int y=0;y<4;y++)
{
ObjectCreate("tPs"+x+y,OBJ_LABEL,WindowFind(IndName),0,0);
ObjectSetText("tPs"+x+y,periodStr[x],fontSize,"Arial Bold",LightSteelBlue);
ObjectSet("tPs"+x+y,OBJPROP_CORNER,0);
ObjectSet("tPs"+x+y,OBJPROP_XDISTANCE,x*scaleX+offsetX);
ObjectSet("tPs"+x+y,OBJPROP_YDISTANCE,y*scaleY+offsetY);
}

//--- create indicator text labels
for (y=0;y<4;y++)
{
ObjectCreate("tInd"+y,OBJ_LABEL,WindowFind(IndName),0,0);
ObjectSetText("tInd"+y,signalNameStr[y],fontSize,"Arial Bold",PaleGoldenrod);
ObjectSet("tInd"+y,OBJPROP_CORNER,0);
ObjectSet("tInd"+y,OBJPROP_XDISTANCE,offsetX-55);
ObjectSet("tInd"+y,OBJPROP_YDISTANCE,y*scaleY+offsetY);
}

//--- create blanks for arrows
for (x=0;x<7;x++)
for (y=0;y<4;y++)
{
ObjectCreate("dI"+x+y,OBJ_LABEL,WindowFind(IndName),0,0);
ObjectSetText("dI"+x+y," ",10,"Wingdings",Goldenrod);
ObjectSet("dI"+x+y,OBJPROP_CORNER,0);
ObjectSet("dI"+x+y,OBJPROP_XDISTANCE,x*scaleX+(offsetX+80)); // scaleX == 120, offsetX == 200
ObjectSet("dI"+x+y,OBJPROP_YDISTANCE,y*scaleY+offsetY);
}

//--- create blanks for text
for (x=0;x<7;x++)
for (y=0;y<4;y++)
{
ObjectCreate("tI"+x+y,OBJ_LABEL,WindowFind(IndName),0,0);
ObjectSetText("tI"+x+y," ",9,"Arial Bold",Goldenrod);
ObjectSet("tI"+x+y,OBJPROP_CORNER,0);
ObjectSet("tI"+x+y,OBJPROP_XDISTANCE,x*scaleX+(offsetX+45)); // scaleX == 120, offsetX == 200
ObjectSet("tI"+x+y,OBJPROP_YDISTANCE,y*scaleY+offsetY);
}

//--- stochastics arrows
for(x=0;x<7;x++)
{
if((iStochastic(NULL,TF[x],PercentK,PercentD,Slowing,MODE_SMA,0,MODE_MAIN,0)) >
(iStochastic(NULL,TF[x],PercentK,PercentD,Slowing,MODE_SMA,0,MODE_SIGNAL,0)))
ObjectSetText("dI"+x+"0",CharToStr(sBuy),fontSize,"Wingdings",Lime);
else if
((iStochastic(NULL,TF[x],PercentK,PercentD,Slowing,MODE_SMA,0,MODE_SIGNAL,0)) >
(iStochastic(NULL,TF[x],PercentK,PercentD,Slowing,MODE_SMA,0,MODE_MAIN,0)))
ObjectSetText("dI"+x+"0",CharToStr(sSell),fontSize,"Wingdings",Red);
else
ObjectSetText("dI"+x+"0",CharToStr(sWait),10,"Wingdings",Khaki);
}

//--- stochastics text
for(x=0;x<7;x++)
{
if((iStochastic(NULL,TF[x],PercentK,PercentD,Slowing,MODE_SMA,0,MODE_MAIN,0)) >
(iStochastic(NULL,TF[x],PercentK,PercentD,Slowing,MODE_SMA,0,MODE_SIGNAL,0)))
ObjectSetText("tI"+x+"0"," BUY",9,"Arial Bold",Lime);
else if
((iStochastic(NULL,TF[x],PercentK,PercentD,Slowing,MODE_SMA,0,MODE_SIGNAL,0)) >
(iStochastic(NULL,TF[x],PercentK,PercentD,Slowing,MODE_SMA,0,MODE_MAIN,0)))
ObjectSetText("tI"+x+"0","SELL",9,"Arial Bold",Red);
else
ObjectSetText("tI"+x+"0","WAIT",9,"Arial Bold",Khaki);
}

//--- RSI arrows
for(x=0;x<7;x++)
{
if ((iRSI(NULL,TF[x],RSIP1,PRICE_TYPICAL,0)) > (iRSI(NULL,TF[x],RSIP2,PRICE_TYPICAL,0)))
ObjectSetText("dI"+x+"1",CharToStr(sBuy),fontSize,"Wingdings",Lime);
else if
((iRSI(NULL,TF[x],RSIP2,PRICE_TYPICAL,0)) > (iRSI(NULL,TF[x],RSIP1,PRICE_TYPICAL,0)))
ObjectSetText("dI"+x+"1",CharToStr(sSell),fontSize,"Wingdings",Red);
else
ObjectSetText("dI"+x+"1",CharToStr(sWait),fontSize,"Wingdings",Khaki);
}

//--- RSI text
for(x=0;x<7;x++)
{
if ((iRSI(NULL,TF[x],RSIP1,PRICE_TYPICAL,0)) > (iRSI(NULL,TF[x],RSIP2,PRICE_TYPICAL,0)))
ObjectSetText("tI"+x+"1"," BUY",9,"Arial Bold",Lime);
else if
((iRSI(NULL,TF[x],RSIP2,PRICE_TYPICAL,0)) > (iRSI(NULL,TF[x],RSIP1,PRICE_TYPICAL,0)))
ObjectSetText("tI"+x+"1","SELL",9,"Arial Bold",Red);
else
ObjectSetText("tI"+x+"1","WAIT",9,"Arial Bold",Khaki);
}

//--- EntryCCI arrows
for(x=0;x<7;x++)
{
if ((iCCI(NULL,TF[x],eCCI[x],PRICE_TYPICAL,0))>0) // if entry cci above zero
{
if ((iCCI(NULL,TF[x],eCCI[x],PRICE_TYPICAL,0))>(iCCI(NULL,TF[x],eCCI[x],PRICE_TYPICAL,1)))
ObjectSetText("dI"+x+"2",CharToStr(sBuy),fontSize,"Wingdings",Lime);
else ObjectSetText("dI"+x+"2",CharToStr(sCCIAgainstBuy),fontSize,"Wingdings",Red);
}
else if
((iCCI(NULL,TF[x],eCCI[x],PRICE_TYPICAL,0)) <0) // if entry cci below zero
{
if ((iCCI(NULL,TF[x],eCCI[x],PRICE_TYPICAL,0)) < (iCCI(NULL,TF[x],eCCI[x],PRICE_TYPICAL,1)))
ObjectSetText("dI"+x+"2",CharToStr(sSell),fontSize,"Wingdings",Red);
else ObjectSetText("dI"+x+"2",CharToStr(sCCIAgainstSell),fontSize,"Wingdings",Lime);
}
else
ObjectSetText("dI"+x+"2",CharToStr(sWait),10,"Wingdings",Khaki);
}

//--- EntryCCI text
for(x=0;x<7;x++)
{
if ((iCCI(NULL,TF[x],eCCI[x],PRICE_TYPICAL,0)) >0) // if entry cci above zero
{
if ((iCCI(NULL,TF[x],eCCI[x],PRICE_TYPICAL,0))>(iCCI(NULL,TF[x],eCCI[x],PRICE_TYPICAL,1)))
ObjectSetText("tI"+x+"2"," BUY",9,"Arial Bold",Lime);
else ObjectSetText("tI"+x+"2","SELL",9,"Arial Bold",Red);
}
else if
((iCCI(NULL,TF[x],eCCI[x],PRICE_TYPICAL,0)) <0) // if entry cci below zero
{
if ((iCCI(NULL,TF[x],eCCI[x],PRICE_TYPICAL,0))<(iCCI(NULL,TF[x],eCCI[x],PRICE_TYPICAL,1)))
ObjectSetText("tI"+x+"2","SELL",9,"Arial Bold",Red);
else ObjectSetText("tI"+x+"2"," BUY",9,"Arial Bold",Lime);
}
else
ObjectSetText("tI"+x+"2","WAIT",9,"Arial Bold",Khaki);
}

//--- TrendCCI arrows
for(x=0;x<7;x++)
{
if ((iCCI(NULL,TF[x],tCCI[x],PRICE_TYPICAL,0))>0) // if entry cci above zero
{
if ((iCCI(NULL,TF[x],tCCI[x],PRICE_TYPICAL,0))>(iCCI(NULL,TF[x],tCCI[x],PRICE_TYPICAL,1)))
ObjectSetText("dI"+x+"3",CharToStr(sBuy),fontSize,"Wingdings",Lime);
else ObjectSetText("dI"+x+"3",CharToStr(sCCIAgainstBuy),fontSize,"Wingdings",Red);
}
else if
((iCCI(NULL,TF[x],tCCI[x],PRICE_TYPICAL,0)) <0) // if entry cci below zero
{
if ((iCCI(NULL,TF[x],tCCI[x],PRICE_TYPICAL,0)) < (iCCI(NULL,TF[x],tCCI[x],PRICE_TYPICAL,1)))
ObjectSetText("dI"+x+"3",CharToStr(sSell),fontSize,"Wingdings",Red);
else ObjectSetText("dI"+x+"3",CharToStr(sCCIAgainstSell),fontSize,"Wingdings",Lime);
}
else
ObjectSetText("dI"+x+"3",CharToStr(sWait),10,"Wingdings",Khaki);
}

//--- TrendCCI text
for(x=0;x<7;x++)
{
if ((iCCI(NULL,TF[x],tCCI[x],PRICE_TYPICAL,0)) >0) // if entry cci above zero
{
if ((iCCI(NULL,TF[x],tCCI[x],PRICE_TYPICAL,0))>(iCCI(NULL,TF[x],tCCI[x],PRICE_TYPICAL,1)))
ObjectSetText("tI"+x+"3"," BUY",9,"Arial Bold",Lime);
else ObjectSetText("tI"+x+"3","SELL",9,"Arial Bold",Red);
}
else if
((iCCI(NULL,TF[x],tCCI[x],PRICE_TYPICAL,0)) <0) // if entry cci below zero
{
if ((iCCI(NULL,TF[x],tCCI[x],PRICE_TYPICAL,0))<(iCCI(NULL,TF[x],tCCI[x],PRICE_TYPICAL,1)))
ObjectSetText("tI"+x+"3","SELL",9,"Arial Bold",Red);
else ObjectSetText("tI"+x+"3"," BUY",9,"Arial Bold",Lime);
}
else
ObjectSetText("tI"+x+"3","WAIT",9,"Arial Bold",Khaki);
}

return(0);
}
//+------------------------------------------------------------------+
//| END MAIN LOOP |
//+------------------------------------------------------------------+

Errors. It's no big deal, MACD's fine.

This is my view now.

1) Swing is down.

2) indicators are down.

3) MACD is below the 0 line BUT is choppy.

Although I feel short, MACD is keeping me on the sidelines.

I'll stop trsading today market is so choppy...

I'm already long on EU on another system, we'll see how this one does.

MACD doesn't have to look like a mountain. Just a clean, swift, down look.

Possible short at 1.3222 if the market pass the spike up formed back 35 minutes ago at 1.3225.

Yeah but there's a strong support at 1.3216 (triple bottom), it may bounce...

I know. I'll take the risk anyway, we don't know for sure if that happens.

Probably the market is going to be sideways until 10:00 AM - Philly index.

Ha that explains the choppiness.. I'll have to take a habit to check the news more often

Definitely now the market is up for grabs.

Yep. We had building permits not long ago.