Box Scalping | Page 7 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trying scalping with a 1000 bucks - Scalping is expensive! 39 replies

1M & 5M Scalping System (Scalping Paradise) 21 replies

Inside the box Asian Trading.. scalping 20-30 pips a time! 14 replies

Anyone trading "Box Options" with Oanda??? 20 replies

Attachments: Box Scalping
Exit Attachments

Box Scalping

  • #121
  • Aug 8, 2011 7:32pm Aug 8, 2011 7:32pm
Quoting Forexcube
Box Scalping
Live Trading

Box Scalping could be used at EURUSD M1 and can be trade at all times when the spread is tight.

Box Scalping has only 3 rules.

(1) Enter after one "fulfilled" Box

(2) Set a Stop Loss at the opposite End of the Box

(3) Exit your Trade at the next Entry

I wish you a lot of pips.
Kindest regards
FXcube

_____________

Good morning, Forexcube!
It's 2.26 am (GMT +1) here in Graz Austria.
Today i make my first post on Forex Factory.
Since 2009 I am member of this website,but I preferred to remain "in shadow"in this time.I have read hundreds of pages of forums,learning step by step the thorny path of forex.
And still are far from the truth!
A few words about me: I have 32 years, 2 children (a boy 2 years and 5 months young, and a and a daughter 5 months young).
I have a full time job in the steel industry.By accident 3 years ago, coming home I found a newspaper in a bus station.having enough time (for the next bus), I browsed the newspaper. So I found an article about Forex. I know it sounds stupid this story,but so I got in touch with Forex.
no friends, no knowledge, no tips about FX.Because of the job,
I realized that i can only trade in small windows of time.So pretty much everything I could find for the small time window:Using indicators and systems from THV,MissPips, LOHAD, Madscalper,Choros,NiceGuy,flag the trend ,Swiss Army (i mean ..indy ) and the good old Cave.
But I must admit, I love your " box". for that I take my hat off !
I need time to fully understand how it works.(because of work!)
By the way! I'm crazy about Rivella !
I ask my brother (who lives in Switzerland) to send me two boxes every months by a truck driver !

I apologize if I was boring ,i upset someone and excuse my English.

Have a full month of valuable pips !
Ich wünsche Ihnen alles Gute !
Nico (Graz-Austria)
  • #122
  • Aug 8, 2011 7:50pm Aug 8, 2011 7:50pm
Quoting Forexcube
Life Trading is to a lesser extend ~30%, due to some of these unfair (corrupt) broker tricks.
FXcube
I prefer to test something new (new indi ,sistems) in real account , although there is a risk to "burn" a small account.
I prefer to be confident with the "loss of earnings"in real acount , than optimistic with "potential gains" in demo (hurts harder if you slam head against the wall later...)
Money management is for me the holy grail....
just dare anyone to contradict me ...

I wish you all a full month of the valuable pips!
Nico
  • #123
  • Aug 8, 2011 8:05pm Aug 8, 2011 8:05pm
Quoting tigerbalm
Thanks for excellent post.
I seem to remember there's a script where you can execute buy/sell limit/stop order just by clicking on a line placed on a chart. But I can't recall what it's called.
Maybe like this?
https://sites.google.com/site/market...nd-take-profit
https://sites.google.com/site/market...nd-take-profit
  • #124
  • Aug 8, 2011 8:12pm Aug 8, 2011 8:12pm
thanks Forexcube, but not quite what i had in mine.

What I'd like is, you draw a line where you want to buy/sell on limit/stop order on the chart. And from this line you attach a script on it it then will set a pending market order at the price level of the line.

I'll have to search in my indis/scripts graveyard, now that your strategy looks promising !
  • #125
  • Aug 8, 2011 8:16pm Aug 8, 2011 8:16pm
Quoting tigerbalm
thanks Forexcube, but not quite what i had in mine.

What I'd like is, you draw a line where you want to buy/sell on limit/stop order on the chart. And from this line you attach a script on it it then will set a pending market order at the price level of the line.

I'll have to search in my indis/scripts graveyard, now that your strategy looks promising !
Oh sorry,
Maybe it's this one!
http://www.forexfactory.com/showthread.php?t=98061
http://www.forexfactory.com/showthread.php?t=292330

Try it at the FF Search Field with "Buy Order Chart" or "Script Tailing Stop Chart" or so...
I wish you good Luck.
If you have found a better one, post the Link here, please.
Good idea!
Would help all of us.
FXcube
  • #126
  • Aug 8, 2011 8:39pm Aug 8, 2011 8:39pm
Quoting tigerbalm
thanks Forexcube, but not quite what i had in mine.

What I'd like is, you draw a line where you want to buy/sell on limit/stop order on the chart. And from this line you attach a script on it it then will set a pending market order at the price level of the line.

I'll have to search in my indis/scripts graveyard, now that your strategy looks promising !
Hello tigerbalm.

I do not know if it will help, but try and that:

http://www.forexfactory.com/showthread.php?t=281772

and if you have problems with "DLL" check post # 146 from here:

http://www.forexfactory.com/showthre...=281772&page=4

I hope that will help....
  • #127
  • Aug 8, 2011 9:02pm Aug 8, 2011 9:02pm
hi, i'll study that, thanks a lot ! cheers.
  • #128
  • Aug 8, 2011 9:05pm Aug 8, 2011 9:05pm
I must apologize Forexcube, I did not say thank you for this wonderful piece of soft. mea suscipiet coeptus ?
  • #129
  • Aug 8, 2011 9:58pm Aug 8, 2011 9:58pm
Hey tiger saw your question and thought i may have something which may be of use to you... They are both scripts which go in experts/scripts folder, then you just drag the script onto your chart where you want to setup the pending buy or sell order.. a dialog comes up once you drag the script onto where you want the order to be placed to ask for take profit/stop loss and lot size... Hope it may be useful..
josh

Quoting tigerbalm
thanks Forexcube, but not quite what i had in mine.

What I'd like is, you draw a line where you want to buy/sell on limit/stop order on the chart. And from this line you attach a script on it it then will set a pending market order at the price level of the line.

I'll have to search in my indis/scripts graveyard, now that your strategy looks promising !
Attached File(s)
File Type: ex4 DROP_PENDING_BUY.ex4   2 KB | 499 downloads
File Type: mq4 DROP_PENDING_BUY.mq4   2 KB | 577 downloads
File Type: ex4 DROP_PENDING_SELL.ex4   2 KB | 505 downloads
File Type: mq4 DROP_PENDING_SELL.mq4   2 KB | 569 downloads
nollej is power..
  • #130
  • Aug 9, 2011 6:55am Aug 9, 2011 6:55am
I'm looking for a Script or EA that will buy/sell at the breach of a horizontal line (or at the touch with the mouse in the chart) that you place on a chart. The script or EA would also let you place automatically a stop loss 10 pips above the Entry and take 2 profit lines (1 order at +10 points, second order at +20 points) on the chart and will runing a Trailing Stop 10 Points after the actual price when the price is running in the next Grid Box and this Trailing Stop as also execute the last (third) Order. So that before the trade, you could easily place the three lines (entry, SL, TP and later the Trailing Stop) on the chart and move them around at will.

Are here some good experienced programmers who could write this Script or EA for EURUSD, M1?

Kindest regards
FXcube
  • #131
  • Aug 9, 2011 7:38am Aug 9, 2011 7:38am
Quoting bfree
Good morning, Forexcube!
It's 2.26 am (GMT +1) here in Graz Austria.
Today i make my first post on Forex Factory.
Since 2009 I am member of this website,but I preferred to remain "in shadow"in this time.I have read hundreds of pages of forums,learning step by step the thorny path of forex.
And still are far from the truth!
A few words about me: I have 32 years, 2 children (a boy 2 years and 5 months young, and a and a daughter 5 months young).
I have a full time job in the steel industry.By accident 3...
Oh it's an interesting time running with two children through the world and have the honour of upbringing. When I read your post I'm having flashbacks of my own beautiful life with the difference, when I was 32 there was no special Forex Market at the heaven which you could use in a right way and my daughter was coming on the world and the son 2 years moments later! Congratulation!. If you have had an accident I'm sure you have got some inputs more about the meaning of life. Time flies!
Best wishes to Austria and a special greetings to Graz.
FXcube
  • #132
  • Aug 9, 2011 8:22am Aug 9, 2011 8:22am
Quoting Forexcube
I'm looking for a Script or EA that will buy/sell at the breach of a horizontal line (or at the touch with the mouse in the chart) that you place on a chart. The script or EA would also let you place automatically a stop loss 10 pips above the Entry and take 2 profit lines (1 order at +10 points, second order at +20 points) on the chart and will runing a Trailing Stop 10 Points after the actual price when the price is running in the next Grid Box and this Trailing Stop as also execute the last (third) Order. So that before the trade, you could...
This an amazing idea!, especially with the trailing stop after the third box. I know a programmer off of odesk that would probably do this for $125, I just might have to commission this script, or if anyone wants to go half-sies on it;-)
Any other options, ideas, or rules you want this script to do? This thread is really progressing Cube! Are you creating a pdf for this?
  • #133
  • Aug 9, 2011 9:01am Aug 9, 2011 9:01am
Forexcube, try this one, it's EA and you can adjust lines just by dragging. If I get time this week I might add to open 2 positions at same time for 2 profit levels. Or you should ask Steve H. he might get on board with EA.

Quoting Forexcube
I'm looking for a Script or EA that will buy/sell at the breach of a horizontal line (or at the touch with the mouse in the chart) that you place on a chart. The script or EA would also let you place automatically a stop loss 10 pips above the Entry and take 2 profit lines (1 order at +10 points, second order at +20 points) on the chart and will runing a Trailing Stop 10 Points after the actual price when the price is running in the next Grid Box and this Trailing Stop as also execute the last (third) Order. So that before the trade, you could...
Attached File(s)
File Type: mq4 OCO_Visual.mq4   7 KB | 518 downloads
  • #134
  • Aug 9, 2011 9:26am Aug 9, 2011 9:26am
Quoting EmptyEterniT
This thread is really progressing Cube! Are you creating a pdf for this?
A *.pdf-file? Oh yes, sure. May be in autumn when it's getting colder here in Switzerland.
  • #135
  • Aug 9, 2011 9:29am Aug 9, 2011 9:29am
Quoting EmptyEterniT
This an amazing idea!, especially with the trailing stop after the third box. I know a programmer off of odesk that would probably do this for $125, I just might have to commission this script, or if anyone wants to go half-sies on it;-)
Any other options, ideas, or rules you want this script to do? This thread is really progressing Cube!...
Thank you , I appreciate it. May be I could find other programmers who do it for free just out of curiosity. May be I write a script when I have more time. I don't think so that it's difficult. I don't know!
Best regards
FXcube
  • #136
  • Aug 9, 2011 9:33am Aug 9, 2011 9:33am
Quoting altoronto
Forexcube, try this one, it's EA and you can adjust lines just by dragging. If I get time this week I might add to open 2 positions at same time for 2 profit levels. Or you should ask Steve H. he might get on board with EA.
Accept my thanks for this beautiful EA. I will test it out and will give you a feed-back. Thank you! It would be great if I could find more time to learn the mq4 (C++) from the ground up. Maybe every day 30 minutes or so. But MT5 is not the same code, is't it? ...might be it could be better at all learning "JAVA"? ..and will be a time come when C++ is out and JAVA is in for MT4?
Best regards
Fxcube
  • #137
  • Aug 9, 2011 10:06am Aug 9, 2011 10:06am
EURUSD, M1, Grid-5,
2011 August 09
Example


Short in...short out,...within 5 minutes.

It's not neccesarily to trade the whole day long. When scalping it could be also an excellent idea to wait for an Entry Chance with a higher Probability of Success. What you have to do then is: Hop in the market collect your Pips and jump out as fast as you can when trading with higher Lot Sizes.

The Market environment below indicates a sideway. A little later it was broken down till 1.4210. When scalping it's important to set a Stop Loss.

Profit: + 1'389 $
(within 5 minutes).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD, M1, 2011 August 09, Grid-5, v1.jpg Size: 161 KB
Click to Enlarge Name: EURUSD, M1, 2011 August 09, Grid-5, v2.jpg Size: 199 KB
Click to Enlarge Name: Scalping Example, Results, 2011 August 09.jpg Size: 151 KB
  • #138
  • Aug 9, 2011 10:21am Aug 9, 2011 10:21am
Example
EURUSD, M1, 2011 August 09

...and the story goes on

Why was the Stop Loss set 5 points under the Bottom of the "Fulfilled Box"?
Inasmuch as it seems that the market has indicated a higher volatility.

Profit: +1'573.- $
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD, M1, 2011 August 09, Grid-5, v3.jpg Size: 182 KB
Click to Enlarge Name: Scalping Example, Results, 2011 August 09, v2.jpg Size: 105 KB
  • #139
  • Aug 9, 2011 10:22am Aug 9, 2011 10:22am
Be careful, please!
If you try to scalp the whole day long maybe you could lose your money!
Why?
Scalping Strategies don't show you the bigger trend. It's more like a flap of a butterfly, a wing beat!
Attached Image
  • #140
  • Aug 9, 2011 10:33am Aug 9, 2011 10:33am
Hi Forexcube,

The templates you provided, there isn't any indicator. How did you make the grid ?
4 traders viewing now