Scalper challenge

Hi folks


Two things. Im tired of all the BS and i want to improve. Heres my idea: I open an Alpari demo account, and scalp that for a day, and post my statement for that day. If anyone is interested ill pass on the code and username for that account and that person can scalp it and post the statement. Now everybody into this will have the username and code for it, so everybody will be able to see precisely every trade done by the others.

What do i mean by "scalp"? Well a pretty general definition: short timeframe, relatively small TP and SL. Now i would want to see two or more trades at least, i would like about 500 but thats perhaps asking a lot for one day I maxed out at 41 i think last tuesday.

Thats step one


Step two is that all the people participating in this, that think that the way the other peoples trading had some interesting points, whether it was profitable or otherwise will share the hwole of their system with the other people including instructions for entry and exit and all that. Now i dont trade exactly adhering one very simple entry and exit, but i have guidelines i use and i can explain them at length and how they work together and how i estimate probability and such and i will expect that everybody do the same.

Now i think that i would want to see a couple of people interested in this before its even worth bothering. So im talking people who actually do trade, no BS, no scamming, no EAs. Simply an effort for a bunch of people to learn from each other. If i smell any BS or anything like that, then nevermind it all. So, anyone interested?


EDIT: People answering "No" to the above poll, ask yourself why you are reading this or any other thread on FF, no i mean it, really ask yourself that.

Sure bro! Count me in!

Sorry not really a scalper as such infact I suck at Scalping I'm a intraday longer hold trend player, or atleast thats where I want to me.


Will be interesting in seeing the Scalp results though

Hi yaed

Count me in, please. If I have time I'll scalp some trades there.

FXcube

Ok thats sounds good, lets see if we get anyone else, ill wait couple of days and well see.

I dropped some feelers here and there and lets see what happens.

Some scalping ideas

(...but here they talk also with higher time frames M5/M15 and named it "scalping").

I appreciate Scalping as a form of 10 sec., 30 sec., M1, max. M5 trading.

Definition of Forex Scalping

FX Scalping usually involves opening and closing a position in seconds or minutes for a few pips of profit. Even though scalping involves the use of leverage and higher leverage means higher risk, the short period of time a forex scalper is in a trade decreases the exposure risk that's inherent in trading or investing due to the holding of a position. If done correctly, scalping provides this additional degree of "risk control" that is not even present in regular day trading.


It's excellent!
http://forex-strategies-revealed.com/scalping-systems

 

1. Scalping ideas (ADX and Bollinger bands)
2. Scalping system #1 (Economic news releases)
3. Scalping system #2 (Morning breakouts)
4. Scalping system #3 (2 SARs to go)
5. Scalping system #4 (5 pips with GBP/USD)

 

1. Scalping system #5 (Tops & Bottoms)
2. Scalping system #6 (EMA Bands)
3. Scalping system #6-a (Trend Trades)
4. Scalping system #7 (Great GBP/JPY 1M scalping strategy)
5. Scalping system #8 (1 minute Scalping with Pivot Points)
6. Scalping system #9 (Trading by Psychological Levels)

 

1. Scalping system #10 (Capture M30 direction - xx.00 xx.30 strategy)
2. Scalping system #11 (The Center of Gravity)
3. Scalping system #12 (Three EMA's scalping)
4. Scalping system #13 (CarlPlayer scalping system)
5. Scalping system #14 (EURUSD scalping with Bollinger Bands)

 

1. Scalping system #15 (Black Magic)
2. Scalping system #16 (Sidekick system)
3. Scalping system #17 (Scalping, long term trading)

Very good cube, you always have the info. I will look into some of that during the week. I also went to Hosse´s thread and posted there to see if anyone there could be interested, hope he dont mind.

hey yaed
theres couple of sites that offer demo challeges with leader boards and stuff
i know theres oanda demo challenge

what about this one
http://www.alpari-forex.com/en/contest/

heres a list of websites offering challenges
http://www.100forexbrokers.com/conte...s/demo-account

hu-hu

Dukascopy Bank offers the opportunity to dive into a competitive atmosphere and to participate in exciting discussions with traders, analysts and people interested in Forex within the Dukascopy Forex Community. The monthly prize fund for all the winners of Trader Contest is 15 000$.

http://www.dukascopy.com/tradercontest/

if we are gonna compete against each other ,we can at least compete for cash prices
and dukascopy offers for us to see each others open positions

interesting.

At one point I actually wanted to do the same. (with a group) but then the conflict of strategies and most importantly FOLLOWING the strategy comes to mind.

if we are going to share a DEMO account we should share a demo account that will not expire. I'm not sure which broker that might be, but I'm sure the demo traders do.

Also ALPARI is not a good idea for a scalping test. I've used alpari- check myfxbook link- and alpari requotes.. so we can not have that.

another point. We should have each participate use scripts to enter- than we can have an expert comment next to the trade, so we know who is making the trades. And, than it will become a real competition that can later be uploaded to myfxbook and sort the trades by magic number.

Scripts Idea:
edit the script, change the comment to your username and the magic number to your birthday.

this way we know who opens the trade and we can sort the trades later by magic number in MFB.

I've attached 0.01 scripts including my user ID and MAgic number.

why scripts.... YOu can setup HOTKEYS for 1 click trading

Activtrades.com offers many currency-pairs also some commodities (index, oil, silver,...) and the spreads are tight, but they don't have currency index's.

join Price is Everything forum on FF. Isn't the same concept of what you are trying to accomplish?

Traders help traders

i got it

oanda offers private demo challenges,and they also offer mt4 now
and as evryone knows they have the lowest spreads
so we can trade on their mt4,and have a demo challenge leader board in the contest

this is the best option is reckon
other brokers dont offer private contests,and teh best thing about it,is that teh demo never expires


http://fxtrade.oanda.com/trade-forex/demo/contest

i dont think this should be some contest of who GOTS the BIGGEST,

isn't this all about, who has a successful scalping strategy? and improving?

I don't see the point to compete against eachother on DEMO's. Sounds like a waste of time.

the idea of sharing a community scalping Demo account sounds more useful than competing.

To keep track of all competitors who trade a scalping concept... Sounds good to me!

"""isn't this all about, who has a successful scalping strategy? and improving?"""

yes it is,the more successfull ur strategy is,the more money ull make,and ull be first,o course if ur startegy aint the best,others will make more money than u and will be infront of u in the leader board
i love competitions

but we will try to set up rules on this demo,like only trade 1k lots,not bigger
otherwise ur out of the competition

Scalping is good (stop - full stop indeed). Although some defend higher time frames are better and you need to have a larger tp and tp/sl ratio bla bla bla; I think scalping is definetely not for everybody.

On the other hand mt4 is useless when it comes to scalping. Up to now many should have understood how the brokers work thru the platforms. Mt4 is priceless when it is analyzing the charts, price action etc., but evenif you use scripts it is no use for scalping.

Anyways, I just stepped in to say scalping is profitable if you know what you are doing and I know a few here at FF who trade +1,000 tickets per day. There is also one person amongst them whom I admire -he trades with over 8mio usd and achieves %0,5 daily with only scalping day after day.

Keep up the good work...

I thought the same for years, until I found an honest ecn MT4 broker.
I stopped using MT4 for trading a while back (2008) and started to use Jforex 2010 (used fxcm in between) because of broker plugin, delays, requotes, etc.

the Tick driven ordersend function is shit at some times, but if you are using a good mt4 broker your orders are liquidated fast enough for scalping. Once you have all your trading tools sorted out, mt4 does work. It's actually a light weight platform with endless possibilities. I only hated on the platform because even at ibfx, fxcm, alpari, and 100's of bucketshops MT4 was slow, requotes, off ticks, etc. But its 99% the broker and not the platform. Try atc or STFX and you will feel the difference. I'm talking retail of course. if you have 50k, i'm sure fxdd and alpari will give you true ecn trading conditions.

I'm keen interested in your scalping method. Looking forward to your sharing.

i actually dont feel like trading with 2 platforms
looking at vantage fx volume,and executing in oanda
i lookd at oanda volume data and it sucked

hm,well have to look fro some other broker ,which has low spreads ,good volume data
and most importantly challenge table rankings

cool
http://www.alpari-forex.com/en/trader/gold/

i reckon this is the best one from alpari russia
http://www.alpari-forex.com/en/conte...reality/#demo1

i dont know about the leader board,but its good enough
i think we can see each others accounts

they do have it
coool
http://www.alpari-forex.com/en/contest/demo_rating/

a leader board that shows evry participants name,cant wait
we need to set this up today