15 minute timeframe scalping system

Enter a trade when the non repainting super trend indicator is in agreement with the labtrendzigzag indicator, and exit the trade when one or both are not in agreement.

Would u like to share your indicator.

Hi tang, I have attached the 2 indicators and 1 script. The TrailingLinesv2-50 stop is a script, and goes in the script folder in metatrader. For this script.. set trailing to true under inputs, then, on the chart you will see 2 lines. Double click on the red line .. this is the trailing stoploss line, after you double click on it you will be able to drag this line up or down on you chart freely.. Please be aware that you must move the red trailing stoploss line far away from the current price before you enter a trade, or you will enter the trade and then get stopped out immediately.

Thanks. So which indicator repaints and how bad it is. It looks fine but like any other indicator there are always some pitfalls. What exactly are those. Would u like to share your template too.

Hi tghowl is that cycleidentifier with alerts indicator repaint?

Hi tang, your welcome. Both indicators re-paint somewhat. I think the higher up on the timeframe, the less these indicators should re-paint I think. The 1 minute timeframe produces a lot of market noise, and way to many signals. The 5 minute timeframe produces a little less market noise, and less signals then the minute 1. I personally never trade against the 15 minute timeframe. So if I wanted to enter a trade from a signal that was given on the 5 minute timeframe.. I would first check to see if the signal on the 15 minute is the same. If it is, then I could enter the trade. I would not use these indicators on any timeframe lower than 15 minutes. I think there are big players in the forex market, and they don't like when individual traders make money; and I think there is price manipulation. This is why I wait for price to move atleast 1 bar away from the arrow plus the x after the pop up strong buy or sell appears on the screen. A third indicator may be beneficial too for safer entry into the market.. but I don't know which one to use. As for posting the template I would if I could but metatrader does not allow TPL files to be saved I think.

Hi everybody,

I post the template.
You have to paste it into the folder Metatrader/templates.

Green pips to all !

I took 2 trades this morning.
We'll see that

EDIT: AUD/USD just closed +17 pips !

An other good entry here !

Trade on USD/CAD closed -11pips !
Show how the indicators repaint !
Not good to continue this strategy for me !

Good luck ;-)

Hi smartvin, the cycleidentifier does repaint and I think it is probably not stable enough to trade alone on the minute 1 or minute 5 chart. The minute 15 I think is the lowest timeframe that this indicator would be stable. No indicator that I know of is infallible. By using the other indicator with this one, and waiting one bar after the arrow plus x appears after the pop up strong buy or sell alert appears.. This should give better odds, and to win more than lose. I also want to make a change to this strategy..(If your in a trade, and after a while the cycle identifier gives a contradictory signal to your open position.. then you might as well close the trade. Only trade and stay in a trade only when both indicators are in agreement).

Hey TD don't give up on this thread, even solving the repaint will not solve a initial bad signal, so what we need is a filter to avoid the low volatility trades. also using a stop order above the buy signal candle will avoid a lot of losing trades or false signals.

Hi The Sparrow, thanks for your advise. The only thing I can think of to stop the repainting is to add a third indicator for this system. Price seems to me to eventually go in the direction of both the cycleidentifier, and the super signal v 3.. but these indicators seem to repaint really badly. I'm attaching a third indicator which I am now testing to stop the repainting problem for this system. As for the volatility.. I don't know what filter to use.

Seems like it could be a great system

Hi

It looks a good system . We can use some EMAs as filter to trade in that direction.

Example : if price closed is above 10EMA /below 10 EMA in case of Long / Short. ( 15 MTF)
and if Price is above 200 EMA only Long or below 200 EMA only Short trade.( 15 MTF)


Thanks

Have you tried this on renko bars, and then turning that into an EA?? you can get the strategy tester for Renko bars also to help with basic strat testing

Hi mkfx, and alexoptions, .. thank you both for your advise. The ideas seem excellent but I spent $150 to an EA programmer to program the basic original strategy, and as of right now.. I am disappointed to say that it is not working correctly and he did not fix it yet. I don't intend to spend any more right now to have another programmer rebuild a new EA, or try to fix the existing one. On a positive note.. I just purchased an EA from ea-coder.com, and this other EA has provided some interesting positive results. This slope direction line ea is able to constantly trade in a trendless market for over a 24 hour period with no loss. This is amazing. I have never before seen constant trading in a trendless market for such an extended period of time with no loss. I am attaching a pic. I know I am off subject for this thread.. but I thought everyone might be interested to see the pic.

Hello from Russia Found in this system is an interesting point If open transactions on the trend for 15 minutes using a zig-Zag and stochastics it turns Bomb can even grail

rules:
1) zigzag broke the previous high-low
2) Stochastic entered the zone 80-20 Stochastic (11,3,5)
3) An arrow appears at the sale-purchase

example:

[img] http://rghost.ru/43046934/image.png [/img]

Regards Denis.

Sorry for the mistakes ...

I almost forgot after breaking through the minimum-maximum set to breakeven

I like your system! Is your EA ready to work?