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Daytrading/scalping with high leverage - my proven strategy

  • Linked: 1 Lot - 1.000 $ | Brokerage Account XXX82
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This Trade Explorer is no longer publicly available.
  • #1,061
  • Mar 26, 2013 10:05am Mar 26, 2013 10:05am
1) Be patient
2) Money Management is your problem
3) I only look on GBP/JPY and open trades on that pair and on 6 other pairs based on JPY
4) I look on the minicharts to see the trend (last days i take only downtrend trades)
5) I wait for JPY to be the strongest currency
6) For short, i take no trade if stoch(33, 3, 3) is oversold
7) Price must be under cloud
8) Tick must be under it's SMA100 for short
9) If everything is fine i open my 7 trades
10) I close every trades with an EA based on my desired profit
Attached Image (click to enlarge)
Click to Enlarge Name: Snap003 2013-03-26, 15_50_45.png Size: 204 KB
My name is Martin... Martin Gale
  • #1,062
  • Mar 26, 2013 11:43am Mar 26, 2013 11:43am
Actually i could need something other if someone has :
A trade panel where i could put all my pairs or an EA who opens trades on all other desired pairs when i open a trade.
My name is Martin... Martin Gale
  • #1,063
  • Mar 26, 2013 12:18pm Mar 26, 2013 12:18pm
Quoting condor666
Actually i could need something other if someone has :
A trade panel where i could put all my pairs or an EA who opens trades on all other desired pairs when i open a trade.
not quite sure what you need?
Follow me to the Promised Land
  • #1,064
  • Edited 12:41pm Mar 26, 2013 12:21pm | Edited 12:41pm
If you know the trade panel on IBFX australia, i wish something like this but working with my broker
My name is Martin... Martin Gale
  • #1,065
  • Mar 26, 2013 2:09pm Mar 26, 2013 2:09pm
Hi Fav
Something I am not too sure of, when you enter a trade and all is looking good do you get out a change of colour on babon even if its just a candle or
two or is a hard and fast exit rule.... change of babob colour get out straight away. The reason I ask is because various people have posted charts on here with comments on how many pips gained on a particular trade and yet colour of babon has changed sometimes twice before they exit with pips gained profit at opposite band. Hope this makes sense as am trying to learn this system.
Kind Regards
Geoff
  • #1,066
  • Mar 26, 2013 2:30pm Mar 26, 2013 2:30pm
Quoting GEOFFREY62
Hi Fav
Something I am not too sure of, when you enter a trade and all is looking good do you get out a change of colour on babon even if its just a candle or
two or is a hard and fast exit rule.... change of babob colour get out straight away. The reason I ask is because various people have posted charts on here with comments on how many pips gained on a particular trade and yet colour of babon has changed sometimes twice before they exit with pips gained profit at opposite band. Hope this makes sense as am trying to learn this system.
Kind Regards
Geoff...
Hi Geoff!

Our exit depends on the circumstances.

As I said in the post #930, for me the most important reason for exit is the price crossing one of the TMAs:

Quote
If everything is OK and the price goes up, we want to exit depending on the strength of the movement. If the trend is so-so, we'd better exit when the price at Babon-B M1 crosses TMA M1 upper band (the upper black line). If the trend is good, we want to wait at least until the price crosses TMA M5 (the upper yellow line). If the trend is very good, we can wait until the price crosses TMA M15 (the upper red line).

So, if everything is OK, I exit when I reach my target (one of the TMAs).

But sometimes the trade goes wrong, then I have to enter prematurely. If the trend changed and I'd better exit right now, before reaching my target, I can see the following signs:

Quote
But at the same time we have to remember - if Babon Slope changes color to red or if the price went under Babon Slope's line, it is a very good sign that the up-movement is over or almost over. Yes, sometimes I don't exit because my TMA lines show that I'd better wait, but you need a lot of practice to decide what is more important at the moment - the movement's strength and momentum or the Babon's signal. We also have to remember - if the price goes inside the Ichimoku cloud, we'd better exit. I also exit if the M1 candle is too long and this long candle crossed one of the TMAs.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,067
  • Mar 26, 2013 3:17pm Mar 26, 2013 3:17pm
Many thanks Fav for a clear answer I understand much better now
Regards
Geoff
  • #1,068
  • Mar 26, 2013 3:25pm Mar 26, 2013 3:25pm
Quoting condor666
Actually i could need something other if someone has :
A trade panel where i could put all my pairs or an EA who opens trades on all other desired pairs when i open a trade.
I've attached the script that opens basket trades for me. Open the mq4 files and any currencies you dont want to trade put // in front of the code to grey them out, you can also set the lot size you want it to open. They are scripts so go in the experts/scripts folder. You have to name them just as they are named on your platform, any that are greyed out that you want to trade remove the // in front of the code if its there.
Attached File(s)
File Type: mq4 TradeHedgeSELLALL.mq4   5 KB | 670 downloads
File Type: mq4 TradeHedgeBUYALL.mq4   5 KB | 673 downloads
  • #1,069
  • Mar 26, 2013 3:53pm Mar 26, 2013 3:53pm
Quoting lastingwell
I've attached the script that opens basket trades for me. Open the mq4 files and any currencies you dont want to trade put // in front of the code to grey them out, you can also set the lot size you want it to open. They are scripts so go in the experts/scripts folder. You have to name them just as they are named on your platform, any that are greyed out that you want to trade remove the // in front of the code if its there.
Thank you very much, exactly what i needed.
My name is Martin... Martin Gale
  • #1,070
  • Mar 26, 2013 4:04pm Mar 26, 2013 4:04pm
Quoting jamesr24
Nice work so far. would you mind posting the genesis indicator and the settings or the indicator with the template. I cannot seem to find it in the thread or on FF. Much thanks...James
Hy James

I hope you can find all you want in the atach
This is my actual template
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 61 KB
Attached File(s)
File Type: zip forex.zip   132 KB | 1,154 downloads
Look like a girl, act like a lady, think like a man and work like a dog.
  • #1,071
  • Mar 26, 2013 9:45pm Mar 26, 2013 9:45pm
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Quoting condor666
If you know the trade panel on IBFX australia, i wish something like this but working with my broker
QuickDeal Trade Panel

Attached Image (click to enlarge)
Click to Enlarge Name: Similar.png Size: 174 KB


Attached File(s)
File Type: pdf quickdeal[1].pdf   365 KB | 2,123 downloads


Attached File(s)
File Type: rar quickdealclient.rar   419 KB | 1,445 downloads


Paul
Of all the things I've lost I miss my mind the most .
  • #1,072
  • Mar 26, 2013 10:38pm Mar 26, 2013 10:38pm
Quoting Mr C
QuickDeal Trade Panel

Attachment

Attachment

Attachment

Paul
Thank you.
tried to close a position and got error "Quickdeal is not authorized on this terminal, please contact your broker for detail."

Any idea?
Follow me to the Promised Land
  • #1,073
  • Edited Mar 27, 2013 12:32am Mar 26, 2013 10:57pm | Edited Mar 27, 2013 12:32am
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Quoting xlitang
Thank you.
tried to close a position and got error "Quickdeal is not authorized on this terminal, please contact your broker for detail."

Any idea?
My Broker has a built in Trade Panel so I am unable to try it, mine launches from the charts tab I had another similar one I will dig it up and post it for you.

Paul,

For those who like Histograms.
Attached File(s)
File Type: mq4 Babon_Histogram.mq4   4 KB | 817 downloads

Attached Image (click to enlarge)
Click to Enlarge Name: Fav_B.png Size: 36 KB
Of all the things I've lost I miss my mind the most .
  • #1,074
  • Mar 26, 2013 11:20pm Mar 26, 2013 11:20pm
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Quoting xlitang
Thank you.
tried to close a position and got error "Quickdeal is not authorized on this terminal, please contact your broker for detail."

Any idea?
Its freeware but I did some research and the company provides services to brokers so I imagine the broker has to be one of there customers so to cap it up I don't know, I will look for the other one I had.

Paul

Attached Image (click to enlarge)
Click to Enlarge Name: QD_free.png Size: 45 KB

Attached Image (click to enlarge)
Click to Enlarge Name: QD_.png Size: 796 KB
Of all the things I've lost I miss my mind the most .
  • #1,075
  • Mar 27, 2013 12:34am Mar 27, 2013 12:34am
Quoting Mr C
For those who like Histograms.
Thank you, Paul!

And Welcome Aboard!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,076
  • Mar 27, 2013 12:52am Mar 27, 2013 12:52am
+8 pips. It is a very slow day, so I decided not to wait until the yellow line (TMA M5), I exited when the price crossed the TMA M1 black line.

Yes, 8 pips is nothing to write home about, but trading DNA-style I got 8%+ with zero drawdown.
Attached Images
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,077
  • Mar 27, 2013 12:53am Mar 27, 2013 12:53am
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Quoting Favorite
Thank you, Paul!

And Welcome Aboard!
Thanks for the heads up on this thread I like it, I went over all the post you listed and now I'm digesting it, I'm in New York time so need some zzz's

Paul
Of all the things I've lost I miss my mind the most .
  • #1,078
  • Mar 27, 2013 12:57am Mar 27, 2013 12:57am
Quoting Mr C
Thanks for the heads up on this thread I like it, I went over all the post you listed and now I'm digesting it, I'm in New York time so need some zzz's
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,079
  • Mar 27, 2013 2:30am Mar 27, 2013 2:30am
Another +8 pips.

M1 Price Action was a little bit confusing, but I decided to enter with smaller than usual SL (only 15 pips instead of 30). I exited after the price crossed TMA M1 black line (once again at such a slow day I don't want to wait until the yellow line).
Attached Images
Gentlemen always play by the rules. If they can't, they change the rules.
  • #1,080
  • Mar 27, 2013 2:34am Mar 27, 2013 2:34am
Quoting Simonik
This is my actual template
Great job, Simonik!

You have my vouch!
Gentlemen always play by the rules. If they can't, they change the rules.
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