5m scalp system | Page 10 | Forex Factory

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5m scalp system

  • #181
  • Aug 30, 2011 7:09am Aug 30, 2011 7:09am
I found your system quite interesting and just took 10 pips on EU. IŽll be following.

Regards from Lisbon.
  • #182
  • Aug 30, 2011 2:30pm Aug 30, 2011 2:30pm
Quoting aduarte
I found your system quite interesting and just took 10 pips on EU. IŽll be following.

Regards from Lisbon.
Thanks, welcome aboard!
Today results are; 9 wins 5 losses, 4 profit units = +12%
Attached Image (click to enlarge)
Click to Enlarge Name: pwr311 08 2011.gif Size: 23 KB
  • #183
  • Aug 30, 2011 9:34pm Aug 30, 2011 9:34pm
It is 20 and 2. Unfortunately I don't have alot of time these days to trade, so any results I get will be few and far between I am afraid.

Quoting orientos
I also like Bbands. What setting are you using - looks like about 21? Thanks.
  • #184
  • Aug 31, 2011 1:08am Aug 31, 2011 1:08am
Quoting Koellefornia
Based on your rules I build an EA wich follows your strategy.
Please compare the results on a demo account with the trades you'll take on your live account.

Be careful, he trades automatically and will kill your money..

Please report every differences to your strategy.
Doesnt trade.. can you provide the mq4 so people can take a look.

Cheers
  • #185
  • Aug 31, 2011 5:12am Aug 31, 2011 5:12am
Quoting 0002097
Thanks, welcome aboard!
Today results are; 9 wins 5 losses, 4 profit units = +12%

hello,

I saw your PM. I canŽt reply because i donŽt have privileges to send private messages. Anyway IŽm living exactly in Parede.

Regards
  • #186
  • Sep 1, 2011 5:08am Sep 1, 2011 5:08am
Yesterday 4 wins and 7 losses = -9%

Any updates on the EA???
  • #187
  • Sep 1, 2011 11:07am Sep 1, 2011 11:07am
Today results: 7 wins 4 losses = +9%

About the EA, if someone could ask the EA guy, SteveHopwoop to build this one it would be great!
Attached Image (click to enlarge)
Click to Enlarge Name: pwr 01 09 2011.gif Size: 26 KB
  • #188
  • Sep 2, 2011 7:06am Sep 2, 2011 7:06am
Quoting 0002097
Today results: 7 wins 4 losses = +9%

About the EA, if someone could ask the EA guy, SteveHopwoop to build this one it would be great!
Hehe. cmac0351 just did. I like this and the EA will be up and running by Monday - all I have to do is adapt the jiva ea. I would do it today but I am going out soon.

Thanks for the vote of confidence.

  • #189
  • Sep 2, 2011 7:27am Sep 2, 2011 7:27am
Quoting SteveHopwood
Hehe. cmac0351 just did. I like this and the EA will be up and running by Monday - all I have to do is adapt the jiva ea. I would do it today but I am going out soon.

Thanks for the vote of confidence.

I can't wait for it! Have a nice weekend!
  • #190
  • Sep 2, 2011 7:53am Sep 2, 2011 7:53am
Hi I am pretty new to all of this and was wondering if someone knew of a resource to help me learn all of the lingo used on this forum I just joined and I have already ran into a few termonolgies I do not understand. Like PWR I have never heard of this. I would like to learn more about the scalping system, I am currently taking a class on scalping using the 10 minute chart. Thanks everyone
  • #191
  • Sep 2, 2011 11:56am Sep 2, 2011 11:56am
Quoting 0002097
I can't wait for it! Have a nice weekend!
Just one questions, because I have not read the thread - the first page seems to sum it all up.

Have you guys come up with any refinements since starting the thread, that are not to be found in page 1?

  • #192
  • Sep 2, 2011 12:06pm Sep 2, 2011 12:06pm
"THE EA GUY" lol
  • #193
  • Sep 2, 2011 12:16pm Sep 2, 2011 12:16pm
Quoting acostafulano
"THE EA GUY" lol
Tickled me too. In other circles, I am known as, "The pianer man".
  • #194
  • Sep 2, 2011 5:27pm Sep 2, 2011 5:27pm
Quoting SteveHopwood
Tickled me too. In other circles, I am known as, "The pianer man".
I'm going to stick with "Magic Man".......

Have a great weekend

whip
  • #195
  • Sep 2, 2011 6:37pm Sep 2, 2011 6:37pm
Hey guys, the EA is up and running and ready for scrutiny - http://www.forexfactory.com/showthre...45#post4924845

So, bring on the refinements and let's see if we can make the puppy wag its tail.

  • #196
  • Sep 3, 2011 1:16am Sep 3, 2011 1:16am
Quoting Rawfoodie
Hi I am pretty new to all of this and was wondering if someone knew of a resource to help me learn all of the lingo used on this forum I just joined and I have already ran into a few termonolgies I do not understand. Like PWR I have never heard of this. I would like to learn more about the scalping system, I am currently taking a class on scalping using the 10 minute chart. Thanks everyone

Baby Pips.com, if you haven't found it yet. Even after years, you will occasionally run into some nugget you don't know. Don't be afraid to ask.

Shake
  • #197
  • Sep 3, 2011 2:39am Sep 3, 2011 2:39am
Quoting SteveHopwood
Hey guys, the EA is up and running and ready for scrutiny - http://www.forexfactory.com/showthre...45#post4924845

So, bring on the refinements and let's see if we can make the puppy wag its tail.


Wow, that was quick work! I may just be a quirk on my end . . . on strat tester, EA isn't cancelling pend stop order after 3 bars. I see the 15 minute setting. I assume EA doesn't read the strategy clock in minutes, and it will work fine on demo? Find out monday, (well tuesday, monday is US holiday).

Also, stoploss is to be the height of the signal candle. Strat wasn't doing this either.

Still, fewer bugs than usual in a first version.

Great work, Steve
  • #198
  • Sep 3, 2011 9:31am Sep 3, 2011 9:31am
Hi,
I am testing my EA for this method (developed from the existing one in this thread).

question to the master of the technique: My EA puts pending orders as you would do manually. In order to do that the price has to be below signal bar high (buy signal). So my question is what do you do if you get signal bar close and price goes above high immediately. Do you cancel the trade and put imaginary SL TP from where you look for another signal. Or if price comes back below high of the signal bar you put this pending order ?

I append modified version of the pending buy/sell script for this method which calculates Lot size based on risk and account type - pipvalue (default 10$ for standard account)

Please test it on demo first.
Attached File(s)
File Type: ex4 5m scalper BUY.ex4   3 KB | 303 downloads
File Type: ex4 5m scalper SELL.ex4   3 KB | 323 downloads
  • #199
  • Sep 4, 2011 2:46am Sep 4, 2011 2:46am
I ad +0.0010 and -0.0010 to PWR. Weeds out lots of bad trades. Maybe try 15 or 20 points difference.
  • #200
  • Edited 3:57am Sep 4, 2011 3:33am | Edited 3:57am
Quoting dforant1
I ad +0.0010 and -0.0010 to PWR. Weeds out lots of bad trades.
I have my own scalping method but have been messing with this.

Using +/-0.0010 from the PWR center line:

9/2 eastern time trade 3-11am eu.
11:55 out +24pips

9/1
9:00 out +28

8/31
11:40 out +46


8/30
4:25 out +43

8/29
10:10 out +26

8/28
9:35 out +47

Averaged about 8 trades per session. Kept sl signal candle size and let some runs go. If I get to +5 don't take a loss, +10 take at least 5, +15 take at least 10.
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