thanks hoss for the easily identifiable set-up. i'm testing this method for binary options and it works. anybody who's interested in binary options you can visit binaryoptionsdaily.com...
botsog
Scalp, scalp, scalp 5,623 replies
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Dislikedare you really profitable using this method? for me it seems impossible to trade on a 1 minute chart, so noisy! do you mind explaining your entry and exits when and why? whats your win ratio btw?Ignored
DislikedIn the euro / dollar
I think the price was 1.3072.
Will sell as much as 10 pips to 1.3062 price can be scalp
sl should be 1.3077
http://www.8pic.ir/images/ukcfhxsfde95sk58m09r.gifIgnored
Dislikedhi
EUR / USD price of 1.2960 to 1.2970 is next
sl:1.2952
http://www.8pic.ir/images/1rvcxr0g94cz8wz26wna.gifIgnored
DislikedVariation on the theme, ignore it if you want.
200ema
stochs 11,3,3
TDI default
S&R
Trendlines
Fridays 9.00am - 17.30
Signalled trades 21.
PA trades 5
Winners signal trades 19 = 19 x 5 = 95 pips
PA trades 5 = 25 pips
Losers 2 = -9 pips
Maximum stop loss 6 pips
Befor you get to excited. I came across this thread, was interested, but did not like the oscillators at the beginning so changed them for these and made up a few simple rules and backtested. In other words these are not real trades, I am going to try it out Monday.Ignored
Dislikedhere is an update. I have tested this with live data this morning. Here are the results so far
15 trades
15 winners
total +75 pips
BUT. I do not think this will work very well on the spot forex market because of the spreads, unless I tighten the rules.
I have tested this in the Futures market where we do not have the problem with spreads and it works.
SO Big thanks to Hoss for the idea
Update. 16 trades. 16 winners. Who ever said money grows on trees, was wrong.Ignored
DislikedBut will you not have other charges in Futures to take into account e.g. commissions per transaction?
Regards,Ignored