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Box Scalping

  • #161
  • Aug 10, 2011 10:09am Aug 10, 2011 10:09am
Quoting altoronto
Fxcube, here is updated OCO Visual EA which will open 3 buystop and sellstop orders (5/10/15 pips take profit levels).
Many thanks altoronto!
Nice work!
Thank you!
Fxcube
  • #162
  • Aug 10, 2011 10:25am Aug 10, 2011 10:25am
How to implement OCO Visual EA

e.g. see:
http://www.forexbrace.com/content/view/223/77/
  • #163
  • Aug 10, 2011 5:40pm Aug 10, 2011 5:40pm
Hi Forexcube !

Awesome, really great your trades. I have huge problems by shorting "tops" or "bottoms", to get filled by market (I don't like because I enter only on consolidation, forex often snaps back).
Of course, if you're so experienced like you forex is fun I think !
Keep it up !
  • #164
  • Aug 10, 2011 7:54pm Aug 10, 2011 7:54pm
Quoting JackintheBox
Hi Forexcube !

Awesome, really great your trades. I have huge problems by shorting "tops" or "bottoms", to get filled by market (I don't like because I enter only on consolidation, forex often snaps back).
Of course, if you're so experienced like you forex is fun I think !
Keep it up !
Hi JackintheBox!
Maybe try to trade only in an uptrend or downtrend when prices comes back to a support or resistance line, or widen the boxes at 15/20 pips and go at M5/M15/M30/H1, and/or try it with other currency pairs. If you don't have a good feeling by Box Scalping let it be. There are so much other efficient strategies at FF or put here and there something together and create your own system. Why not? The important thing is that you feel good by yourself when trading.
You're wellcome!
Best regards
FXcube
  • #165
  • Aug 11, 2011 12:52am Aug 11, 2011 12:52am
Quoting Forexcube
Hi altoronto
I'm not sure what you mean with 5,5,3.
I change these parameters since I have a 5- or 10-Grid and I change the size of the chart, ....and take a look at #57 (M1-Grid-10 with the Grid Builder: Grid Space Value 100 / M1-Grid-5, use Grid Space Value 200), please.
Hope it helps!
FXcube

Hi FXcube,

How do you set the chart like this:
Attached Image (click to enlarge)
Click to Enlarge Name: M1-5Grid.jpg Size: 216 KB
  • #166
  • Aug 11, 2011 2:08am Aug 11, 2011 2:08am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting Tdp
Hi FXcube,

How do you set the chart like this:
On chart, left click on the vertical price scale (right of the chart) then move up/down your mouse to adjust as per your need.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #167
  • Aug 11, 2011 5:27am Aug 11, 2011 5:27am
Quoting FerruFx
On chart, left click on the vertical price scale (right of the chart) then move up/down your mouse to adjust as per your need.

FerruFx

Hi FerruFx,

Thanks for your respond. But what I want to know is setting the chart with fix vertical price scale with different 5 or 10 point.
Attached Image (click to enlarge)
Click to Enlarge Name: FixGrid.jpg Size: 90 KB
  • #168
  • Aug 11, 2011 5:40am Aug 11, 2011 5:40am
Quoting Forexcube
Hi altoronto
I'm not sure what you mean with 5,5,3.
I change these parameters since I have a 5- or 10-Grid and I change the size of the chart, ....and take a look at #57 (M1-Grid-10 with the Grid Builder: Grid Space Value 100 / M1-Grid-5, use Grid Space Value 200), please.
Hope it helps!
FXcube
Same, I still don't get it : how do you fix the grid without the indicator. I followed your pic, but it doesn't fix the 5-10 pips grid. thanks
  • #169
  • Aug 11, 2011 6:14am Aug 11, 2011 6:14am
@Tigerbalm & @Tdp

Here is a short youtube-video of how its done, I hope it helps:
Inserted Video
  • #170
  • Aug 11, 2011 8:08pm Aug 11, 2011 8:08pm
EURUSD, M1, Grid-5
with Grid Builder (Grid Space Value: 50)
see attachment, please.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD, M1, Grid-5.jpg Size: 90 KB
Attached File(s)
File Type: tpl boxscalping, grid5-pivotals.tpl   27 KB | 632 downloads
File Type: mq4 Grid Builder, GridSpace50, Black.mq4   3 KB | 721 downloads
  • #171
  • Aug 12, 2011 4:19am Aug 12, 2011 4:19am
If some interested traders search a Trailing Stop may be the following links could help.

Links:
http://www.earnforex.com/blog/2009/0...-metatrader-4/
http://www.forexfactory.com/showthread.php?t=44285
http://www.forexambush.com/sa/faqs/7...#axzz1UntqPOLv
http://www.fxfisherman.com/forums/fo...g-stop-ea.html

I wish all of us a good time to work out the best one.
http://www.google.ch/search?q=traili...=hp&channel=np

Kindest regards
FXcube
  • #172
  • Aug 12, 2011 8:45am Aug 12, 2011 8:45am
I found another EA which I think is perfect for box-scalping.
Its the Visual Trade Closer from Forexbrace.
http://www.forexbrace.com/content/view/231/77/

This one show a TP and SL line on your chart and you can move them around with your mouse, making it extremely easy to move your SL and TP one box at a time.

Give it a whirl, its perfect for scalping.

Kind regards.
  • #173
  • Aug 13, 2011 2:46pm Aug 13, 2011 2:46pm
From what I can tell, this system is really a Renko system without the Renko chart.

I have worked for a long time trying to get a Renko System to be profitable. Best I can get is PF = 1.12 - 1.2 which is far from my goal of PF = 2. All of the pips from a trend is great, but ranging kills all those pips deader than a door nail.

If you are looking for an easy way to see a reversal, Renko is a easy way to see this.

KingHigh
  • #174
  • Aug 13, 2011 3:52pm Aug 13, 2011 3:52pm
KingHigh, I would tend to agree with you... when the market is trending systems like this and renko are excellent.

So, the key focus should be entry criteria, ie. when the market is trending, so you only trade at optimum times. Give there's 24/5 hours of trading and any number of pairs there should be no shortage of opportunties.
  • #175
  • Aug 13, 2011 8:36pm Aug 13, 2011 8:36pm
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting r2997790
KingHigh, I would tend to agree with you... when the market is trending systems like this and renko are excellent.

So, the key focus should be entry criteria, ie. when the market is trending, so you only trade at optimum times. Give there's 24/5 hours of trading and any number of pairs there should be no shortage of opportunties.
The only way for trending strategies to be profitable (significantly) is to trade only withing trending condition ... So the only key is to define the ranging market to avoid it. Once this is done, any trending strategy will be profitable ...

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #176
  • Aug 15, 2011 6:16am Aug 15, 2011 6:16am
This is a very interesting approach. I will study it and perhaps comment.
My signature is: "Classified".
  • #177
  • Edited 3:46am Aug 17, 2011 3:11am | Edited 3:46am
EURUSD, M1, 2011 August 17
Dynamical Scalping
Life Trading

Market Price has reached the Daily Pivotal 1.4402 (DPV).

(Option B)
Short @ 1.4406

Target @ 1.4395, 1.4385, Trailing Stop
  • #178
  • Aug 17, 2011 3:16am Aug 17, 2011 3:16am
Quoting Forexcube
EURUSD, M1, 2011 August 17

(Option B)
Short @ 1.4406

Target @ 1.4395, 14385, Trailing Stop
Life Trading
1.4395 has reached. Trail the Stop at 1.42
  • #179
  • Aug 17, 2011 3:17am Aug 17, 2011 3:17am
Quoting Forexcube
1.4395 has reached. Trail the Stop at 1.42
Life Trading
Go out at 1.4386 with all.
  • #180
  • Edited 3:46am Aug 17, 2011 3:25am | Edited 3:46am
Quoting Forexcube
Go out at 1.4386 with all.
Life Trading

Profit Total: +55 Pips

(1st x 1.0 +11 Pips, 2nd X 1.0 + 20 Pips, 3rd x 1.0 + 20 Pips)
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD, M1, 2011 August 17.jpg Size: 76 KB
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