Daytrading/scalping with high leverage - my proven strategy | Page 23 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Daytrading/Scalping in Crypto markets 357 replies

Dashboard EA based on Daytrading/scalping with high leverage 103 replies

A Proven Simple Strategy (2MAs, 1 RSI) 436 replies

Looking for proven scalping strategy to program 1 reply

Share Something Proven - Scalping Method Please 10 replies

Attachments: Daytrading/scalping with high leverage - my proven strategy
Exit Attachments

Daytrading/scalping with high leverage - my proven strategy

  • Linked: 1 Lot - 1.000 $ | Brokerage Account XXX82
  • Trader:
  • Broker:
  • Type:
This Trade Explorer is no longer publicly available.
  • #441
  • Mar 17, 2013 6:50pm Mar 17, 2013 6:50pm
Quoting ~bull.bear~
I guess this is non lag MA indicator, right?

I think I will re-code it to output some statistical data in order to understand the average pips of trend goes into one direction. So that would be a good info for scalping by using high leverage.
I've been told that this indicator is one of the Hull Moving Averages's modifications. A couple of years ago I traded M15 GBPUSD and M15 GBPJPY with this indicator (setting 17) very successfully. But whatever you trade with it, you have to pay attention to H1 trend.

Of course your research would be highly appreciated!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #442
  • Mar 18, 2013 2:53am Mar 18, 2013 2:53am
Wow what fireworks here yesterday. Scary but thought provoking

Hey DNA, congrats on your trades - you have benefited greatly from the bad deal handed down to the depositors in Cyprus

Anyway, let's wait for the market to settle down from the Cyprus issue, which may not be for another few days, and see where we go from there.

Cheers all, and have great trading week.

Shalom, and God bless


George
Low Risk Low Stress High Reward High Probability Trades
  • #443
  • Edited 4:11am Mar 18, 2013 2:56am | Edited 4:11am
Quoting pipcorn
Nice trading room but too tidy for my taste.
Thank you my friend, and yes it is too tidy because I don't eat "popcorn" or drink coffee while trading
Low Risk Low Stress High Reward High Probability Trades
  • #444
  • Mar 18, 2013 3:27am Mar 18, 2013 3:27am
Missed this trade while going through the threads - what a distraction, and no more Have to keep focused
Attached Image (click to enlarge)
Click to Enlarge Name: eu trade setup - 3182013.gif Size: 90 KB
Low Risk Low Stress High Reward High Probability Trades
  • #445
  • Mar 18, 2013 3:38am Mar 18, 2013 3:38am
Similar setup in EJ for about 75 pips
Attached Image (click to enlarge)
Click to Enlarge Name: ej trade setup - 3182013.gif Size: 85 KB
Low Risk Low Stress High Reward High Probability Trades
  • #446
  • Mar 18, 2013 3:56am Mar 18, 2013 3:56am
Pick a time frame, and trade what you see on the chart and not what you think.

Remember:

Daily Target/Goal (per Standard lot/unit)
25 pips per day = 125 pips per week
125 pips per week = 500 pips per month
500 pips per month = 6,000 pips per year

Do the maths, and see whether you can exercise a bit of patience and discipline, to look for the right setup and trade it with excellence, instead of throwing darts at every moving object hoping to strike gold. We don't need to trade every day - just know the setup you looking for, wait for it, and trade it with excellence, and let the gainsayers do the talking, while you bank the pips.

It's your choice, and it's my choice.

All the best guys. I will fade into the background for some time and see you at the end of the week, when we can compare notes again.

Shalom
Low Risk Low Stress High Reward High Probability Trades
  • #447
  • Mar 18, 2013 4:10am Mar 18, 2013 4:10am
Quoting 919gilead
Thank you my friend, and yes it is too tidy because I don't eat "popcorn" or drink coffee where trading
LOL
Just ignore me. Thanks.
  • #448
  • Mar 18, 2013 4:24am Mar 18, 2013 4:24am
That's my last trade today. In this trade I took 15 pips, but could take more than 20.
Attached Image
Gentlemen always play by the rules. If they can't, they change the rules.
  • #449
  • Mar 18, 2013 9:43am Mar 18, 2013 9:43am
Two more trades, +23 pips and +10 pips.
Attached Image
Gentlemen always play by the rules. If they can't, they change the rules.
  • #450
  • Mar 18, 2013 9:48am Mar 18, 2013 9:48am
Quoting Favorite
Two more trades, +23 pips and +10 pips.
Mr. O. Bender,
I must have missed a couple of important things in your posts:
a. You mentioned earlier that you enter on the MA colour change - in your charts this is not the case, you entered later on the next candles. The reasons?
b. Apparently the charts are 1 min. and the MA setting 20?

Thank you, the ice has started moving, Gentlemen of the Jury!
  • #451
  • Mar 18, 2013 10:52am Mar 18, 2013 10:52am
Quoting MidnightRun
You mentioned earlier that you enter on the MA colour change - in your charts this is not the case, you entered later on the next candles. The reasons?
As I said before, we enter on the colour change. The colour can change back and force until the candle is closed (after that it can't repaint). That's why we wait until the first white candle is closed and enter at the very beginning of the second white candle.

Quoting MidnightRun
Apparently the charts are 1 min. and the MA setting 20?
Of course it is M1, I said before that I was trading M1 and I was going to trade this indicator on M1. I don't have any idea how you saw MA setting 20 on my chart. As I said before it is a custom indicator "Babon Slope" with the setting 10. Pay attention, will you? Don't look at the Bender's picture, look at what I said!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #452
  • Edited 1:39pm Mar 18, 2013 1:22pm | Edited 1:39pm
Another +30 pips. Today was a very good day, I doubled my account.

The only problem with this indicator: you have also to pay attention to the H1 trend and to the M1 Price Action.

I would prefer to have another good indicator as a filter, but so far I haven't found the perfect match for the "Babon Slope". Any suggestions would be appreciated.
Attached Image
Gentlemen always play by the rules. If they can't, they change the rules.
  • #453
  • Mar 18, 2013 1:33pm Mar 18, 2013 1:33pm
DNA, how is your wife? Can we already congratulate you?
Gentlemen always play by the rules. If they can't, they change the rules.
  • #454
  • Mar 18, 2013 1:46pm Mar 18, 2013 1:46pm
Quoting Favorite
Another +30 pips. Today was a very good day, I doubled my account.

The only problem with this indicator: you have also to pay attention to the H1 trend and to the M1 Price Action.

I would prefer to have another good indicator as a filter, but so far I haven't found the perfect match for the "Babon Slope". Any suggestions would be appreciated.
Lagerre (modified RSI): crosses from below above 0.15 - long, crosses from above below 0.75 - short. The original developer of the slope line (FXIgor) and the author of a similar method (Urban Sotensek) used this indicator for confirmation, albeit for a 5 mins TF.
Attached File(s)
File Type: ex4 Laguerre.ex4   3 KB | 388 downloads
File Type: mq4 Laguerre.mq4   3 KB | 471 downloads
  • #455
  • Mar 18, 2013 1:47pm Mar 18, 2013 1:47pm
Quoting Favorite
Another +30 pips. Today was a very good day, I doubled my account.

The only problem with this indicator: you have also to pay attention to the H1 trend and to the M1 Price Action.

I would prefer to have another good indicator as a filter, but so far I haven't found the perfect match for the "Babon Slope". Any suggestions would be appreciated.
Pay attention to H1 trend, that means you only trade M1 in the direction of H1 trend?
Follow me to the Promised Land
  • #456
  • Mar 18, 2013 1:48pm Mar 18, 2013 1:48pm
50 EMA?
Only take buy signals if above 50 EMA.
Only take sell signals if below 50 EMA.
Quoting Favorite
Another +30 pips. Today was a very good day, I doubled my account.

The only problem with this indicator: you have also to pay attention to the H1 trend and to the M1 Price Action.

I would prefer to have another good indicator as a filter, but so far I haven't found the perfect match for the "Babon Slope". Any suggestions would be appreciated.
  • #457
  • Mar 18, 2013 1:51pm Mar 18, 2013 1:51pm
Quoting Favorite
DNA, how is your wife? Can we already congratulate you?
Another confirmation tequnique was proposed by Jacob Bernstain: 28 period momentum indicator and 28 preiod SMA - crossover indicates the immediate trend (all TFs). Tren is very strong when above 100 (centre) level, and the opposite for below 100 line.
  • #458
  • Mar 18, 2013 1:51pm Mar 18, 2013 1:51pm
Quoting MidnightRun
Another confirmation tequnique was proposed by Jacob Bernstain: 28 period momentum indicator and 28 preiod SMA - crossover indicates the immediate trend (all TFs). Tren is very strong when above 100 (centre) level, and the opposite for below 100 line.
Quoting MidnightRun
Lagerre (modified RSI): crosses from below above 0.15 - long, crosses from above below 0.75 - short. The original developer of the slope line (FXIgor) and the author of a similar method (Urban Sotensek) used this indicator for confirmation, albeit for a 5 mins TF.
Thank you, MidnightRun, I'll test it. What Laguerre's settings would you suggest for M1?
Gentlemen always play by the rules. If they can't, they change the rules.
  • #459
  • Mar 18, 2013 1:51pm Mar 18, 2013 1:51pm
Quoting Favorite
Another +30 pips. Today was a very good day, I doubled my account.

The only problem with this indicator: you have also to pay attention to the H1 trend and to the M1 Price Action.

I would prefer to have another good indicator as a filter, but so far I haven't found the perfect match for the "Babon Slope". Any suggestions would be appreciated.

This is something that I like to use for trend direction: set the mtf stoch to 60 minutes if that is your preference. Personally, when trading the 1 min I set the mtf to 15...hope this helpS!
Attached File(s)
File Type: ex4 #MTF Stochastic v2.0.ex4   8 KB | 366 downloads
File Type: mq4 #MTF Stochastic v2.0.mq4   6 KB | 446 downloads
  • #460
  • Mar 18, 2013 1:55pm Mar 18, 2013 1:55pm
Quoting srt
50 EMA?
Only take buy signals if above 50 EMA.
Only take sell signals if below 50 EMA.
Thank you, srt, I already tried it - doesn't work. Or rather works 60/40 and I want much better percentage!
Gentlemen always play by the rules. If they can't, they change the rules.
5 traders viewing now