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FX-50 Great Scalping System

  • #2,641
  • Edited 5:23am Aug 10, 2010 5:13am | Edited 5:23am
This chart looks congested at first but watch how there is a high probability cross of the green TENKAN SEN above the white KIJUN SEN at the yellow arrow. It than rises through the gray 30 minute time zone spans A and B but takes its time. It hesitates at the red Senkou Span A (dashes) of the 240 minute. It crosses after some hour hesitation at the 60 minute green thick Senkou Span A. It than jumps to the red thick Senkou Span A of the 240 minute time zone. After several hours it breaks through until price finally exhaust itself. It than is falling back to the base 15 minute time zone of the chart where it starting to catch support from the aqua A Senkou Span.

At the same time you will see on the chart each time zone Ichimoku do the a Senkou Span Twist with resistance becoming support. Looking at a chart with the Kino Ichimoku tool is fascinating. Seeing support like this can help you stick with a trade longer than you might if you were looking a chart with out the Kino Ichimoku tool. .
Attached Image (click to enlarge)
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  • #2,642
  • Aug 10, 2010 1:55pm Aug 10, 2010 1:55pm
This is not a trade but here is a ranging EURCHF chart right before FOMC today. I was wondering what the influence of the 1440 time period or Daily Senkou Spans would be on a chart as small as the 15 minute chart period. The purple line is the Senkou Span A of the 1440 as it runs through the 15 minute and 30 minute clouds. I just put the spans of these large time periods because their clouds are often so big you are trading inside them or outside them. I do the same thing with the 240 minute. Multiple times price comes down and touches the purple span and at the end is consolidating around the span. Every higher time period span can impact the 15 minute chart. So to some up. The chart is based on the 15 minute period with the Ichimoku of this period the primary trading system. The higher time period Ichimoku clouds and their spans can be seen on the chart except for the 240 minute or 4 hour and 1440 minute or Daily. With these I just place the spans not to clutter the chart. They are there to see resistance and support. It would seem that the Kino MTF ICHIMOKU displays dynamically support and resistance. The trend CCI is there with the -67 to 67 area blacked out as a filter. I also use a multi-time period RSI as a filter on my chart. All ideas from this thread. There is an ATR superimposed over the CCI as a volatility or enthusiasm indicator often getting an increase in ATR prior to a big move. I use tick volume on my charts and find it useful.
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  • #2,643
  • Aug 10, 2010 3:35pm Aug 10, 2010 3:35pm
Quoting slowkey
I was wondering what the influence of the 1440 time period or Daily Senkou Spans would be on a chart as small as the 15 minute chart period. The purple line is the Senkou Span A of the 1440 as it runs through the 15 minute and 30 minute clouds.
I tried this and still get the vertical kumo lines showing up, though they are in black, they still block out stuff they are overtop of. Is there a way to set them so that that do not plot on the chart?

It might be better to discuss this on one of the ichi threads. This thread was for a different system.
  • #2,644
  • Edited Aug 11, 2010 12:37pm Aug 10, 2010 4:26pm | Edited Aug 11, 2010 12:37pm
I set all the color settings to none accept the setting for the spans. The bottom 2 colors.

I was hoping that maybe Kino might want to start a new thread.
  • #2,645
  • Aug 10, 2010 5:43pm Aug 10, 2010 5:43pm
Yes, I set the colours to none as well, but it changes itself to black later.

I think it may depend on the order the indicators are installed. If the day MTF Ichimoku was the first one installed then it would not matter if they were black lines as the other indicators would be installed over top of it. Since I installed it last the black lines are over top of other the other indicators which were installed before it.

I'm trying to edit to code now so that the clouds of the spans will not get plotted. I'm not entirely sure what I am doing though I can understand some of it.

Kino is posting on the other ichi threads as well as this one. The ribbon idea was fairly close to ichimoku, but I think ichimoku has more going for it.
  • #2,646
  • Aug 10, 2010 6:52pm Aug 10, 2010 6:52pm
I am not sure than. Kino would be able to tell you probably. I will check out the other thread and thanks for the info. It would be better to discuss in the Ichi thread.
  • #2,647
  • Aug 26, 2010 12:41pm Aug 26, 2010 12:41pm
Took me awhile to catch up with this tried, plenty of great knowledge and system development.
I've been using this approach for the past few weeks and it's great except one thing, when the buy signal or sell signal comes out it's not very accurate. Sometimes, it comes out too early. Which would be like a false signal, if the trend continues the signal indicator would move to the next lowest point or highest point of entry depend if it's a buy or sell. This is very troubling.

Sometimes when the signal comes out, the trend still kicks in about 45-60 pips before it follow suit with the signal indicator. Two things I want to ask everyone opinion on.

1. Is it possible to throw in another indicator to show what's the percentage of that signal given?

2. Is it possible to using something like the Martingale or increase your lot when the false signal comes out. Adding lots as the signal moves to the next lowest low or highest high before the reversal, then cutting either profit or losses when the signal gets triggered again the opposite direction?

Thanks
  • #2,648
  • Edited 3:23pm Sep 7, 2010 12:57pm | Edited 3:23pm
Hi everyone!
I just have downloaded scalping system with John Edwards stile manual, temtlate and ofcourse all indicators from 1st page of this forum. Then i got John temtlate from 100 page.
I cant get the same setup as explained in manual or shown (all downloaded tps look different) at 100 page( Could anyone explane me what went wrong? Were can i find rigt temtlate for atleast to look at it and at signals it gives?
Please help
  • #2,649
  • Jan 22, 2011 11:42am Jan 22, 2011 11:42am
Happy trading to all,

Just wondering if anybody is still actively using this system? maybe we can start dicussion again about the system. Thank you.
  • #2,650
  • Apr 16, 2011 6:27pm Apr 16, 2011 6:27pm
Quoting tengkorak
Happy trading to all,

Just wondering if anybody is still actively using this system? maybe we can start dicussion again about the system. Thank you.
am still fully concentrating on this system since it's still capable of catching some cool pips, especially the one with the template that contains those beautifully coloured T3MA ribbons,why i like this system is b/cos of it's multi_time frame observation via the ribbons,i wish somebody can code a perfect and well optimized EA with this system,i'll be extremely grateful infact i'll carve the person's nickname on my wall
  • #2,651
  • Apr 17, 2011 8:16am Apr 17, 2011 8:16am
Quoting lyondegreat
am still fully concentrating on this system since it's still capable of catching some cool pips, especially the one with the template that contains those beautifully coloured T3MA ribbons,why i like this system is b/cos of it's multi_time frame observation via the ribbons,i wish somebody can code a perfect and well optimized EA with this system,i'll be extremely grateful infact i'll carve the person's nickname on my wall
Hi lyondegreat,
Can you post the template you use and what MT4 build do you use? I wonder if the ribbons work properly with MT build 392. I stopped using the ribbons some time ago as it seemed to have some problem with the newer builds. My PC use to hang up when the ribbons are on.

Regards
  • #2,652
  • Apr 17, 2011 7:13pm Apr 17, 2011 7:13pm
Quoting Pipster007
Hi lyondegreat,
Can you post the template you use and what MT4 build do you use? I wonder if the ribbons work properly with MT build 392. I stopped using the ribbons some time ago as it seemed to have some problem with the newer builds. My PC use to hang up when the ribbons are on.

Regards
i use the fx50 indies and the action dat dat dat coloured template on the first post with MT4 build 2** not really sure of the build cos am not on my pc right now,i'll check the exact build for u later.i noticed hang ups too when i updated my MT4,so i redownloaded the old terminal and re-use it.
Hope dat works for you.
  • #2,653
  • Apr 18, 2011 1:56am Apr 18, 2011 1:56am
I too would be intrested in contributing, also may be work looking at traiangles / neting off combinations

eurgbp
eurusd
usdgbp

outright signals for each one, then net off ?
  • #2,654
  • Apr 18, 2011 2:53am Apr 18, 2011 2:53am
Quoting lyondegreat
i use the fx50 indies and the action dat dat dat coloured template on the first post with MT4 build 2** not really sure of the build cos am not on my pc right now,i'll check the exact build for u later.i noticed hang ups too when i updated my MT4,so i redownloaded the old terminal and re-use it.
Hope dat works for you.
Hi,
thanks for your reply. just curious though, how do you re-download the old terminal? would like to re-try the ribbons on a system i'm working on.

regards
  • #2,655
  • Apr 18, 2011 4:54am Apr 18, 2011 4:54am
Quoting Pipster007
Hi,
thanks for your reply. just curious though, how do you re-download the old terminal? would like to re-try the ribbons on a system i'm working on.

regards
Sorry dude,
I use MT4 with build 392,i downloaded mine from Instatrader. com broker site,which system are you working on? Is it for scalping?
  • #2,656
  • Apr 18, 2011 8:46am Apr 18, 2011 8:46am
Quoting lyondegreat
Sorry dude,
I use MT4 with build 392,i downloaded mine from Instatrader. com broker site,which system are you working on? Is it for scalping?
wierd, i'm using build 392 from fxdd and it hangs my PC. will try with Instafx and see later.working on a trend breakout system, hoping to use the ribbons as additional confirmation.
  • #2,657
  • Apr 18, 2011 12:29pm Apr 18, 2011 12:29pm
Quoting Pipster007
wierd, i'm using build 392 from fxdd and it hangs my PC. will try with Instafx and see later.working on a trend breakout system, hoping to use the ribbons as additional confirmation.
If it works for you,let me know,you can post it here
  • #2,658
  • Edited 11:46am Apr 26, 2011 11:30am | Edited 11:46am
Very nice thread!

Its amazing to see how people screw the whole system after all..

Its a waist of time to read further in this thread after the publishing of John Edwards last publishing system v3.1 and v3.2 on page 125(except for the changes made in version 3.12)..

Its a shame that the indicators he used are so poorly documentaded as well. You have realy now idea whats going on untill you try to understand the code inside. No notes in the codes as well and I'm not much of a programmer so understand little..

Anyone some proper documentation on the following indi's?
-FXprime_V2Final JE
-BrainTrend4Sig
-Double-CCI-With_SMA

Thanks

Mark
Life is great!!
  • #2,659
  • Apr 27, 2011 5:34am Apr 27, 2011 5:34am
Quoting despichtt
Very nice thread!

Its amazing to see how people screw the whole system after all..

Its a waist of time to read further in this thread after the publishing of John Edwards last publishing system v3.1 and v3.2 on page 125(except for the changes made in version 3.12)..

Its a shame that the indicators he used are so poorly documentaded as well. You have realy now idea whats going on untill you try to understand the code inside. No notes in the codes as well and I'm not much of a programmer so understand little..

Anyone some proper documentation...
I concurr with you but i seems you're statement is harsh,pls i'll like someone to give a proper and updated documentation of this scalping system with the Entry and Exit Signals and also with the updated version in a compressed format(zip). Thank You
  • #2,660
  • May 2, 2011 5:32pm May 2, 2011 5:32pm
Quoting fxtrading24
I am sad that the way FXPrime went, so lets forget about Canadian Dude and get on with what we had at the fxprime thread. And that is each other.
So all the fxprimers here is where we can take off where we left off, and be successful traders.....
 [size=2]I didn't want it to have FXPrimes name as a thread so I picked FX-50. So this thread is for all of us that were using fxprime, and to new users.

[b][color=#ff0000][color=Red]Attention: and welcome all new traders that have come to this thread. I haven't had a lot...
Join Permit ..........
I also like scalping usually at 5m time frame. So to 1m time frame is something exciting and new for me
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