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Scalp the trend

  • #1
  • First Post: Edited Jan 3, 2012 1:56am Nov 18, 2011 9:38am | Edited Jan 3, 2012 1:56am
Hi community,

inspired from this 3 threads: (THANK YOU GUYS!)
http://www.forexfactory.com/showthread.php?t=276813
http://www.forexfactory.com/showthread.php?t=315572
http://www.forexfactory.com/showthread.php?t=325018

I combined a few of the ideas.
Someone asked me to share it, so here it is.

I will not answer any questions that have already been answered!
I think the rules are very simple!!!

INDICATORS
1) Semafor (repaints)
2) LWMA 25
3) CCI 15
4) SnakeForce
5) Cycle Identifer (repaints)

Rules LONG:
- Semafor On BOTTOM (BUT follow the trend!!!)
- Candle Close ABOVE LWMA 25
- CCI 15 GREEN (>= 0)
- SnakeForce GREEN
- Cycle Spike On BOTTOM

Rules SHORT:
- Semafor On TOP (BUT follow the trend!!!)
- Candle Close BELOW LWMA 25
- CCI 15 RED (<= 0)
- SnakeForce RED
- Cycle Spike On TOP

other description here

Pair: EUR/USD
Session: Frankfurt, London
TF = M5 (M15)
TP = +10pips (+8pips) <- it is all up to you!
SL = -20pips <- it is all up to you!
BE = +8pips (if you like...)
Risk = 2-5%

Only trade the first combination after Semafor!

The repainting isn't an issue, because it is based on price action, but you know all that

This is only another combination of indicators, nothing new.
At the end you get the same/similar results as the other strategies.


I hope it's understandable. English is not my native language.

Cheers
dynel14

UPDATE 27.11.2011:
New template and rules here

Update 26.12.2011:
New template below

Update 03.01.2012:
-Snake now with alert (thanks @eric!)
-New template
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 20111117- eurusd- m5- scalp the trend.jpg Size: 149 KB
Click to Enlarge Name: 20111124- eurusd- m5- scalp the trend v2.jpg Size: 115 KB
Attached File(s)
File Type: rar Scalp the trend.rar   45 KB | 8,288 downloads
File Type: rar scalp the trend v2.rar   87 KB | 6,981 downloads | Uploaded Nov 28, 2011 1:54am
File Type: tpl Scalp The Trend v2.tpl   24 KB | 4,613 downloads | Uploaded Dec 26, 2011 6:45am
File Type: rar scalp the trend v3.rar   174 KB | 11,257 downloads | Uploaded Jan 3, 2012 1:56am
  • #2
  • Nov 18, 2011 9:43am Nov 18, 2011 9:43am
looking good Dynel,

green pips

Udine
Sleep less, live fast, as it aint gonna last
  • #3
  • Nov 18, 2011 10:19am Nov 18, 2011 10:19am
CCI 15
SnakeForce

have to match rite?

in this image some times it doesnt
eg trade 5 and 7
snake doesn't repaint
http://www.forexfactory.com/attachme...6&d=1321630109
  • #4
  • Nov 18, 2011 10:25am Nov 18, 2011 10:25am
Quoting fxpreach
CCI 15
SnakeForce

have to match rite?

in this image some times it doesnt
eg trade 5 and 7
Right, wrong picture. thank you.

Update post 1.
  • #5
  • Nov 18, 2011 11:52am Nov 18, 2011 11:52am
Hi dynel14,

Systematic and uncluttered presentation! Keep it up.

May Pips be with all of us.

Roy
  • #6
  • Nov 18, 2011 7:39pm Nov 18, 2011 7:39pm
Signals: 3
Wins: 3
Loss: 0
= +30pips
Attached Image (click to enlarge)
Click to Enlarge Name: 20111118- eurusd- m5- scalp the trend.jpg Size: 131 KB
  • #7
  • Nov 19, 2011 12:33am Nov 19, 2011 12:33am
Thanks Dynel. Looks very simple, but effective.
Small disciplines repeated with consistency lead to great achievements.
  • #8
  • Nov 19, 2011 5:28am Nov 19, 2011 5:28am
Quoting dynel14
Signals: 3
Wins: 3
Loss: 0
= +30pips
I want to add something...

All 3 trades were counter trends, so the risk was higher! If you have basics knowledge about price action you also took the signals without considering the semafor, because the trend was clearly up!

you see that this system give you a lot more great signals!

So with all signals you had:

signals: 6
wins: 6
loss: 0
= +60pips

nice weekend all
Attached Image (click to enlarge)
Click to Enlarge Name: 20111118- eurusd- m5- scalp the trend 2.jpg Size: 132 KB
  • #9
  • Nov 19, 2011 9:43am Nov 19, 2011 9:43am
Quoting dynel14
I want to add something...

All 3 trades were counter trends, so the risk was higher! If you have basics knowledge about price action you also took the signals without considering the semafor, because the trend was clearly up!

you see that this system give you a lot more great signals!

So with all signals you had:

signals: 6
wins: 6
loss: 0
= +60pips

nice weekend all
Yes, I looked back for a month or so of London trading, also a bit of New York as well and its surprising how well it works. I kept trying to think of something to make it even more accurate, but honestly, it doesn't need anything. Great system, thanks again for posting.
Small disciplines repeated with consistency lead to great achievements.
  • #10
  • Nov 19, 2011 9:51am Nov 19, 2011 9:51am
Yes, it seems a nice system. I'm going to test it next week.

Just one question: Does the snake borders repaints?

Thanks!
  • #11
  • Nov 19, 2011 9:55am Nov 19, 2011 9:55am
Quoting Aztrader2
Yes, it seems a nice system. I'm going to test it next week.

Just one question: Does the snake borders repaints?

Thanks!
Ha, that could explain why it works so well in hindsight....
I seem to remember using it briefly on another system and I don't think it does though.
Small disciplines repeated with consistency lead to great achievements.
  • #12
  • Nov 19, 2011 10:07am Nov 19, 2011 10:07am
Quoting Aztrader2
Yes, it seems a nice system. I'm going to test it next week.

Just one question: Does the snake borders repaints?

Thanks!
Quote
INDICATORS
1) Semafor (repaints)
2) LWMA 25
3) CCI 15
4) SnakeForce
5) Cycle Identifer (repaints)

So this version does not repaint!
  • #13
  • Nov 19, 2011 4:04pm Nov 19, 2011 4:04pm
will give it a try next week. how did you arrive at 10pips TP? was this due to back testing or just what you decided was your comfort level?
  • #14
  • Nov 19, 2011 4:05pm Nov 19, 2011 4:05pm
is this still double the stop loss to the take profit, i noticed in the scripts its invictus, so i take it its only a 0.5 reward factor ?

hope for some confirmation

Dean

EDIT: sorry its in first post, hold my hands up to that one sorry Dynel

in that case i wish people luck but already seen too many get burnt with a very bad reward factor

Good luck

Dean
  • #15
  • Nov 19, 2011 6:47pm Nov 19, 2011 6:47pm
Quoting deankenny21
is this still double the stop loss to the take profit, i noticed in the scripts its invictus, so i take it its only a 0.5 reward factor ?

hope for some confirmation

Dean

EDIT: sorry its in first post, hold my hands up to that one sorry Dynel

in that case i wish people luck but already seen too many get burnt with a very bad reward factor

Good luck

Dean
IMO, that was caused by the system, not just the r/r.
Small disciplines repeated with consistency lead to great achievements.
  • #16
  • Nov 20, 2011 10:28am Nov 20, 2011 10:28am
Thanks dynel14,

We'll try for scalp next week

It looks simple and clear, and we know that simple is the best..
  • #17
  • Nov 20, 2011 10:29am Nov 20, 2011 10:29am
Quoting gokalpicer
we know that simple is the best..
Agreed. Somethings are getting too complicated around here...
Small disciplines repeated with consistency lead to great achievements.
  • #18
  • Nov 20, 2011 4:19pm Nov 20, 2011 4:19pm
Quoting gtketum
will give it a try next week. how did you arrive at 10pips TP? was this due to back testing or just what you decided was your comfort level?
Quoting deankenny21
is this still double the stop loss to the take profit, i noticed in the scripts its invictus, so i take it its only a 0.5 reward factor ?

hope for some confirmation

Dean

EDIT: sorry its in first post, hold my hands up to that one sorry Dynel

in that case i wish people luck but already seen too many get burnt with a very bad reward factor

Good luck

Dean
If you are not comfortable with the R:R or TP/SL customize it for you. Only one example:

Change the CCI period to 45/50. So you exclude the counter trade and can use R:R 1:1 (see picture below)

The system can help you to see a good trade signal, but you must make your own decision what you will do with YOUR money. The system can't tell you that.

Analyze the whole system, every each indicator. Learn how they work, use your brain!

Read the threads mentioned on post 1!

Green week for you all!

Regards
dynel14
Attached Image (click to enlarge)
Click to Enlarge Name: 20111118- eurusd- m5- scalp the trend 3.jpg Size: 129 KB
  • #19
  • Nov 20, 2011 5:52pm Nov 20, 2011 5:52pm
Dear friend,

there is an EA called Visual Order Editor in your scalp the trend.rar file..

I check the lang and try to understand the logic of advisor, but I couldn't find..

I applied it into my real account and it sets 20 pip stop loss for me ?

How must we use it?

Thanks,

gokalp
  • #20
  • Nov 20, 2011 6:47pm Nov 20, 2011 6:47pm
I just downloaded the file and loaded up the chart in my MT4 platform and everything worked fine except for the SnakeForce will not load on the chart when I apply the template that was provided.

Even when I try to manually place the SnakeForce on the chart, the indicator will not even attach to the chart. For some reason that is the only indicator that will not work.

Any suggestions?
Changing my life one pip at a time!
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