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Simple scalping system, all red or all green

  • #41
  • Jan 12, 2010 4:34am Jan 12, 2010 4:34am
Quoting Vantage
Yes.
Thanks Vantage tor the quick reply !

Luke
  • #42
  • Oct 24, 2011 8:52pm Oct 24, 2011 8:52pm
the basic concept behind this method of trading is HARMONIES ,,,good ,this works
  • #43
  • Oct 25, 2011 12:12am Oct 25, 2011 12:12am
Quoting bobsmith
I was playing around with an idea like this ages ago. Even tried to start a thread about it but got no replies. I was looking to see whether different combinations of candle closes came up with different results, the reason being having all green at the stroke of the hour seemed like a strong buy signal, but on the open of the new candles, price would often drop for a retracement. Thus as a scalping strategy, I found myself more likely to get stopped out than hit a tp. I believe the lowest point of a candle that closes up is usually hit before...
I tried this system a while ago- does not work!
  • #44
  • Oct 25, 2011 1:59am Oct 25, 2011 1:59am
OP ur idea is good nothing bad to test it.

can any one get me an alarm clock which can snooze every 1 hour?

googled but not getting any thing useful
Trade responsiblypatience is the key/Swing trader
  • #45
  • Oct 25, 2011 2:06am Oct 25, 2011 2:06am
It's not working...

90% of idea here not working. Dont trust hope. Never think that you can easily find a method here being profitable for you. Try your own style.
No one wants to be defeated~
  • #46
  • Oct 25, 2011 5:18am Oct 25, 2011 5:18am
Quoting Brb-Fraudin
Look at the last candle of M5,M15,M30 and H1
If all green ,buy.
If all red ,sell.

The system works on many trades and good money managment.
Statistically, if you look at any chart ,there are more consequential candles than candles of opposite colors.
Try it demo.
Hi,
I try to make indi for your simple system.
Is this as what you mean?
Attached Image (click to enlarge)
Click to Enlarge Name: 3.gif Size: 20 KB
Attached File(s)
File Type: mq4 All_GreenOrRed.mq4   3 KB | 1,066 downloads
Revenge of Scalper
  • #47
  • Oct 25, 2011 9:04am Oct 25, 2011 9:04am
Quoting finally
I tried this system a while ago- does not work!
i this work ,,, application is the key ,,,,,how to combine the signal
generated
  • #48
  • Oct 25, 2011 9:17am Oct 25, 2011 9:17am
Quoting AcesHigh
Hi,
I try to make indi for your simple system.
Is this as what you mean?

this work on FXCM plaform -- marketscope 2.0 ????

thanks
  • #49
  • Oct 26, 2011 10:00am Oct 26, 2011 10:00am
Anyone know where we can get an indicator that will put the different color candles for the different time frames on the same chart??
  • #50
  • Oct 26, 2011 10:47am Oct 26, 2011 10:47am
Quoting TheGreatMilenko
Thank you, when he said top , I thought he meant top of the hourly candle. Those bloody Americans should learn how to communicate properly!
As if you are the only country that communicates properly. There was a country that took that idea to the extreme, and ended up killing millions of people because they were not proper. I wonder if you have a swastica tatoo anywhere.

Next time, be a little more gracious in your condemning of other countries than your own.
  • #51
  • Oct 26, 2011 6:13pm Oct 26, 2011 6:13pm
Here two indicators:
- one put the different color candles for the different time frames on the same chart
- the other is the alarm clock

I wait for yours results with this system.
Attached Image (click to enlarge)
Click to Enlarge Name: candle.gif Size: 12 KB
Attached File(s)
File Type: mq4 bar_close_alarm_V1.mq4   2 KB | 862 downloads
File Type: ex4 Multi Meter Candle Color.ex4   12 KB | 1,728 downloads
  • #52
  • Oct 26, 2011 6:41pm Oct 26, 2011 6:41pm
Quoting balouf
Here two indicators:
- one put the different color candles for the different time frames on the same chart
- the other is the alarm clock

I wait for yours results with this system.
good indi thnx ,I think this indicators will also come very handy with Tony's 2 candle system
  • #53
  • Oct 26, 2011 8:54pm Oct 26, 2011 8:54pm
Balouf, thnx for indys.
I did look everywhere before asking for help.
This is prob just another trend follow system. work for a couple weeks and then crash as Hoopwood calls trading a train wreck. those that say trading is easy ought to be shot. i didnt mean that.
  • #54
  • Oct 26, 2011 10:31pm Oct 26, 2011 10:31pm
Quoting balouf
Here two indicators:
- one put the different color candles for the different time frames on the same chart
- the other is the alarm clock

I wait for yours results with this system.

good indy my man ,, traffic light ,all green and all red ,,bueno ,muy bueno



i do have a request ,

Aroon indicator shows new highs and new lows, I was thinking of some indicator that measures the same thing but that only leaves a little line above the price or below and free space under the chart,,if you can do ,i will appreciated
  • #55
  • Oct 27, 2011 2:11am Oct 27, 2011 2:11am
A little more to add. See that all as mentioned are green but if the M1 is red with all these green wait till it also turns green to have more profits & vice versa. thanks
Quoting Brb-Fraudin
Look at the last candle of M5,M15,M30 and H1
If all green ,buy.
If all red ,sell.

The system works on many trades and good money managment.
Statistically, if you look at any chart ,there are more consequential candles than candles of opposite colors.
Try it demo.
  • #56
  • Oct 27, 2011 8:21am Oct 27, 2011 8:21am
hi, how long you trading like this? are using it live? i played a little with it seems to be not bad idea
  • #57
  • Oct 27, 2011 8:47am Oct 27, 2011 8:47am
I like the idea, is there maybe a rough estimate on percentage of success?
  • #58
  • Oct 27, 2011 9:48am Oct 27, 2011 9:48am
All green, on E/U, so I took a long position, lets see how it works.
Attached Image (click to enlarge)
Click to Enlarge Name: trade-1.GIF Size: 29 KB
  • #59
  • Oct 27, 2011 9:57am Oct 27, 2011 9:57am
Quoting 786 trading
All green, on E/U, so I took a long position, lets see how it works.
TP hit, +15 will do more testing.
Attached Image (click to enlarge)
Click to Enlarge Name: trade-1b.GIF Size: 29 KB
  • #60
  • Oct 27, 2011 10:24am Oct 27, 2011 10:24am
786 very good this way I operate from my beginnings a few years ago and this is nothing more than what is known as a perfect harmony between all TF, if there is a set-up where the price is this strong walk,,, the indicator in this thread that you measured this precisely
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