Idiot's Guide to Scalping

Not a problem. I one with the arrows seems pretty good, as far as a scalpers entry. That is as long as you stay away from the accumulation.

Well whataya know, this one actually looks good. That is until you watch it for a while... The slope indicator does change and what it does is change for example, lets say it is in a grey range and no trade zone. Then as price moves away it changes red which you would think great, a trade setting up. But the prior grey bars begin to change red also. So what was a grey no trade area has now become a trending red area and you realise you have missed the trade entry that is now there that was not there before.

Or am I wrong?


thanks.

Just giving my 2 cents to the strategy, if you trade EJ as main chart then you might want to open another 2 chart on the side running the same Indi and system. Those 2 chart are EU an UJ. If both give you green, if both give you red you go red. Your EJ will go party (like hitting 15 - 20 pips with one single candle in M5) when those two pair going into the same direction. Btw, EU and UJ will do opposite direction most of the time. But if you look carefully near London or New York (like one hour before and one hour after the open) you will find what you are looking for in most day. Look for a moment when EU try to go up while UJ hit some support bellow and trying to reject it or when two of them line up nicely above certain MA. I believe this procedure will rise your trading probability and saving us from difficult situation because when EU and UJ going different way, EJ wil most likely to go to range in huge candle in small TF.

Another solution to do this procedure maybe by using Multi Pair (multi Symbol) Indicator. You see EJ as main chart and also see the same Indi on your chart from EU and UJ as trade confirmation.

I read this trick from a book I found on internet some years ago. (Dont have it right now). I remember the guy who wrote it show a result of hitting 5 Pips in 100 trades without even missed one. He only take a trade when those two line up and walk away from computer when those two going separate way.

That's what he did, unfortunately not me. I still need to practice a lot on my discipline. Because I found out recently that the only reason I lose trade (while doing this procedure) is when I try to catch a trade when there was none to trade and keep doing it. But when my discipline is up and wait for a trade to come to me, I dont lose. Not a single one in a day. Btw, I trade GBPJPY M5, with UJ and GU confirmation.

Just my two cents, and pls keep in mind that I am not a pro. Not yet.

From memory I think someone made a non-repainting version of that slope indi.

The slope indicator repaints. I sat here and watched it repaint. It just repainted the previous 5 bars.

It is a big repainter. Yes.
Therefore zznbrm coded a non-repainting TMA. You find it here:
http://www.forexfactory.com/showthread.php?t=299019
post# 7

Ooops, post 28 has the true slope non repainting
http://www.forexfactory.com/showthre...93#post5722593

Let us test the strategy with the true TMA, then we see if it is worth anything.

At first glance there are almost no setups.
The arrow appears in the accumulation zone and is invalid.

To sum it up: The TMA slope gives a completely wrong picture on historical charts, it is a nice illusion only.

What is odd is the posted indicator (in post 1). It carries a different name than when applied to the chart. It should be (10.2 TMA slope v.1.4B 4.30) but when I applied it to the chart it showed up as (10.2 TMA slope_Norm). If indeed the required indicator is the latter, then I need no convincing it repaints as I have studied it for a couple of months with different strategies and there's no doubt it repaints (and badly at that, too). Therefore if it is the intended indicator for the system I'd like unimak to kindly show how he deals with this issue as it may not be system debilitating according to his results.
If, however, it is the first (v.1.4B 4.30 that did not show up) then I have not tried it and have no idea how it behaves. But I also don't have access to it to report on testing it for the benefit of the continuation of this thread. As mentioned above in this post when applied to the chart the name reverted to the repainting version.

the indicator does repaint. no questions.

where is the thread starter ?

Hi

Yes i understand the indicator repaint issue, this is how i deal with it , u enter 1 pip abv the signal candle high or low as the case may be , and u just draw a line on the signal arrow to check with TMA , if TMA is above 50 or above 80 u may safely enter . it will fire minimum 5 pips if not less, sl i normally keep 10 pips plus spread.

but sl hit is rare if you catch the signal correctly .

Those who are not comfortable with TMA may use AO as filter instead of TMA.

There is no further addition to this strategy .

Remember 2 things we are aiming for 5 -10 pips only so we will get ample entries even if u miss one. now u need not jump immediately the arrow comes , watch it for 2 3 candle and keep an eye on TMA or AO and jump on break of the signal candle high.

u need not see any currencies , if you want to be sure just check EJ 5 min for direction , fire along the direction.

Fair enough, unimak. Thanks for the clarification. Actively testing with interest.

I am using the repainting TMA only, i wait for the repaint to occur if a sell comes and TMA says do not enter i wait and keep an eye on the figure in tma it should be moving above and towards 80 and above and also keep an eye for the repaint to happen on the signal candle , once it happens , and if the price has broken signal candle low then just fire it and book it the moment u see 50 odd usd.

recent example

126.26 sell signal came , waited as TMA not in line , then entered at 126.10 ( signal candle low was 126.209)

it hits 126.01 low so u make around 5 -7 pips .

How about this guys. Instead of writing this indicator off. (The one with the arrows) Why not focus on the good signals it actually gave. To many of us are pessimistic, which becomes a blight for those who want to learn. Excluding the signals which were given inside the accumulation zone. How many of the signals OUTSIDE the zone were dead on? The indicator which repaints is no good, even the version of it which doesn't. Let us focus and post charts of the good signals. Its very easy to spot accumulation.

No lets post all signals and see if there are more good then bad and if we can make money on it

Nest regards

How many bars are repaint? Only the last 2-3 or more?

Posting all the signal is pointless. As the system gives you entries, when the market is in accumulation. Why would you take a position inside of an accumulation zone.

More.

better you post your charts , detailing your entry / exits.

Why not use the TMA - true indicator? And twigg the settings so it is more suitable to the i min timeframe. I just had a quick look seems ok.