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Scalper challenge

  • #21
  • Feb 8, 2011 8:50pm Feb 8, 2011 8:50pm
btw we will need to have a list of participant names on a list
so we know whos who
and where we are standing now
i wish u luck evryone
  • #22
  • Feb 8, 2011 10:26pm Feb 8, 2011 10:26pm
Quoting dragan53
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
Very nice thanks for sharing!
  • #23
  • Feb 8, 2011 10:30pm Feb 8, 2011 10:30pm
nw

join us in the challenge beman
  • #24
  • Feb 8, 2011 10:33pm Feb 8, 2011 10:33pm
Quoting dragan53
nw

join us in the challenge beman
I'd like! but i'm not a scalper

i'll try with alpari on april!!
  • #25
  • Feb 9, 2011 12:39am Feb 9, 2011 12:39am
i love the london breakout
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  • #26
  • Feb 9, 2011 12:41am Feb 9, 2011 12:41am
Quoting Ipndasno
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.
I agree with this sentiment, we want to learn from each others work, all else is of little consequence.
My signature is: "Classified".
  • #27
  • Feb 9, 2011 12:47am Feb 9, 2011 12:47am
how do u trade 300 trades a day,what strategy do u use
i only find couple of good opportunties a day
someone mentioned 1000 trades a day
thats like one evry minute
  • #28
  • Feb 9, 2011 12:51am Feb 9, 2011 12:51am
evry one show ur statements

LOLS
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  • #29
  • Feb 9, 2011 12:56am Feb 9, 2011 12:56am
Quoting dragan53
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
The second thing i was going to do today was to tell you about this, but you had your eyes peeled so i didnt need to. I dont think Oandas plattform is any good, its laggyness makes my head hurt all over.

The idea why i think we should use the same account is that i dont want any BS with photoshopped statements and whatnot. But if say 3 people like Oanda and their plattform, then they should use that and they will just post statements for both accounts, or 3+ accounts if thats what it takes. As long as there are at least a couple of traders that is verifiably sane using the same account, thats fine i think. How aboout that?



About lot size

The way i see it that doesnt really matter, it does matter if someone is using different lot sizes, incremental increase or decrease or something, but that we will see in the sizes themselves. I mean the lot size compared to the account or how many zeros there is in lot size, is not that important.

I use for instance 0.63% and 0.4% lots of total account, but that will be of little consequence. So i mean its not a competition to see hwo can gather the most money, that is truly of little consequnce since i or someone else could easily make +25% in one crazy trade with a descent signal, at a risk of maybe 30% of loossing the total account, i mean that doesnt even take a very good system to attain. But in the long run using risks like that will empty the account in 1-2 days.

So what is important is entries and exits, and the logic behind them and its explanation.
My signature is: "Classified".
  • #30
  • Feb 9, 2011 1:00am Feb 9, 2011 1:00am
Quoting Ipndasno
Once you have all your trading tools sorted out, mt4 does work. It's actually a light weight platform with endless possibilities.
It is not that with mt4 you get filled. Your orders can get filled and thesedays since ecn mt4's are everywhere orders get filled. The problem is how many trades you can open and close fastly. In proper words you gotta be an animal while trading and opening/closing 1000 tickets a day. Your average price, what you have done as P/L for that pair are the missing datas in mt4. It is about the click click
  • #31
  • Feb 9, 2011 1:03am Feb 9, 2011 1:03am
Quoting Ipndasno
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....
Ive been trying to find a good broker, and i didnt find one that was super so i just stuck with alpari, i could want a lot better execution and tighter closing, often it hits my set TP and it takes about 3 seconds before it closes, and if it doesnt close during that time it can retrace and i dont get my pips. I think i would make about double the profits with no spread and tighter execution, but what i can i do? I could be looking for a better broker for months and maybe not find one. But generally if i loose its because i screw up and go mental in the head.

If people cant trade, sometimes they blame the broker, so its a bit hard to tell the difference.
My signature is: "Classified".
  • #32
  • Feb 9, 2011 1:07am Feb 9, 2011 1:07am
Quoting dragan53
how do u trade 300 trades a day,what strategy do u use
i only find couple of good opportunties a day
someone mentioned 1000 trades a day
thats like one evry minute
A profile with 1 posts... claming 300 trades/day...not the first, certainly not the last. Im not pointing fingers, im just saying being a little thoughtfull and critical never hurt.
My signature is: "Classified".
  • #33
  • Feb 9, 2011 1:14am Feb 9, 2011 1:14am
Quoting forexmeister
I'm a scalper! Good ideea! I'm in!

I trade in currenex and hotspot! You cant scalp with MT4..imposibble..as i do over 300 trades per day!

Cheers

ps
here is yesterday performance

http://content.screencast.com/users/...ary%20room.png
So you are willing to share template with us other scalpers and explain entry and exit and those are manual trades? Thats good. I dont know of this currenex and hotspot, why do you use this?

What is the general idea of your entries?

What is your spread for GBP/JPY?
My signature is: "Classified".
  • #34
  • Feb 9, 2011 1:31am Feb 9, 2011 1:31am
A thing like an alpari contest i think is not so smart, since the time for it is too short. If anyone wants any idea of how well a strategy really does when it comes to profit and such, i would say at least 4 months and preferably at least 500 trades needs to be done for any assesment to have any statistical basis. Thats why i will never participate in any contest.

However, if anyone has an idea, that is implementable in even more then 4 months, since i and everyone else can try to fit that into the structure of their earlier ideas. Collaboration is about such ideas.

Collaboration in the other hand is when people work together and everyone benefit. We all think a bit differently from each other, and that can be used to a nice advantage for everyone, one person can point out a problem and another person can come up with a solution.

Know since big banks and hedgefund patrol these digital waters, and i dont like their ways, im not willing to share everything with them. I am willing to share much more with people that are willing to collaborate, these people are not willing to collaborate as far as i know, if they are i guess we will know.

I have problems i wrestle with every day, and so do all of you, and i know you can see solutions where i see problem, and i can see solutions where you see problem.

Take for instance the problem sometimes called "whipsaws". I think its sometimes, and i mean sometimes because people is not using the 1440 period exponential MA and they dont know how many candles you need to wait before entering after it has passed through that. I have a general idea of how long to wait, but someone else might have a general idea saying its not about time but distance in pips or relative strength or something else. Its a good example of something that i think matters to all people using M1, and all will benefit from knowledge about this regardless of their strategy, since this is something quite general that matters regardless if you use bollingerbands, guppy average, envelopes, RSI, ADX, murreymath, fibonacci, Dinapoli, starc bands, THV template, FX prime, Ichimoku, statistics, something else or a combination thereof.
My signature is: "Classified".
  • #35
  • Feb 9, 2011 1:38am Feb 9, 2011 1:38am
just for statistics, we should all use the same LOT size. and just stick to 1 size. we can average down etc, but just use the same lot size.

I've opened up the history-http://www.myfxbook.com/members/pipinvestment1/gomarkets-end/48382

What I like about Myfxbook is that we can see the duration of the trade. Most of these scalps are under 10 minutes. I know time of day + market session makes a huge difference in duration, but its a good way to determine if the person is really scalping or claims to be a scalper. I see a lot of wanna be's and when you look at their trades. the duration is like 2 hours for a scalp.

Demos.
We must use a demo Mt4 that advertises NO requotes EVER..
gomarkets, vantage, atc, smarttradefx, are good with execution, much faster than fxcm-alpari-fxopen

and 300 scalps a day.. crazy.. whats the average Pip gain?

I'm normally happy with 20 scalps a day and average 4 pips.
  • #36
  • Feb 9, 2011 2:01am Feb 9, 2011 2:01am
Quoting Ipndasno
whats the average Pip gain?
The important thing is not the pips you make, it is the money you make at the end of the day....
  • #37
  • Feb 9, 2011 2:06am Feb 9, 2011 2:06am
Quoting Ipndasno
just for statistics, we should all use the same LOT size. and just stick to 1 size. we can average down etc, but just use the same lot size.

I've opened up the history-http://www.myfxbook.com/members/pipinvestment1/gomarkets-end/48382

What I like about Myfxbook is that we can see the duration of the trade. Most of these scalps are under 10 minutes. I know time of day + market session makes a huge difference in duration, but its a good way to determine if the person is really scalping or claims to be a scalper. I see a lot of wanna be's and...
So which one of those brokers is the best and why? What are that brokers spread for E/U? Have you traded that broker for quite some time with good performance live?

I get requoted about...oh i dont know 2-20 times a day with Alpari

I have more like 2.5 but i certainly dont have that many scalps on average. A lot of days and half days gets eaten by conferences and such, but a good day im maybe at...12 on average, everything from 0-40 trades is in range.
My signature is: "Classified".
  • #38
  • Feb 9, 2011 2:07am Feb 9, 2011 2:07am
Quoting brok
The important thing is not the pips you make, it is the money you make at the end of the day....
Yeah sure, i mean 1/pip a day, if you can count on it thats all you need. I have a really hard time seeing how that would work out though, i think i need to see at least 10 on average with not so much risk to say that i have any certainty that things are working out as they should.
My signature is: "Classified".
  • #39
  • Feb 9, 2011 2:09am Feb 9, 2011 2:09am
Quoting brok
The important thing is not the pips you make, it is the money you make at the end of the day....
not true, if you lose 100 pips with a 1 lot and at the end of the day you use a 10 lot to make 10pips to break even....

pips = money its the same thing. But one who focuses on the $ and not the pips will surely have a difficult time trading.

once you can make pips consistently, money follows.
  • #40
  • Feb 9, 2011 2:17am Feb 9, 2011 2:17am
Quoting yaed
So which one of those brokers is the best and why? What are that brokers spread for E/U? Have you traded that broker for quite some time with good performance live?

I get requoted about...oh i dont know 2-20 times a day with Alpari

I have more like 2.5 but i certainly dont have that many scalps on average. A lot of days and half days gets eaten by conferences and such, but a good day im maybe at...12 on average, everything from 0-40 trades is in range.
Alpari will requote or be a market maker until you have like 25k. something like that. I tested alpari and closed the account within a few weeks because of the requotes.

all the brokers I've tried are not scalp worthy besides Gomarkets, smarttradefx and dukascopy (Gomarkets: closed account because of CFTC regulations then, I started to test several mt4 brokers until I came across STFX.)

since I'm a scalper at heart, when I was searching for brokers, I was only interested in brokers with EU spread of LESS THAN 2 pips including commission, NON US brokers, and website that was easy to find the info that I was looking for. Of course I had to swim through some sharks before I made it to land =) lol

sorry its 2am here.. tired.
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