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Daytrading/scalping with high leverage - my proven strategy

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  • #3,521
  • May 1, 2013 1:00pm May 1, 2013 1:00pm
Quoting clivepackham
{quote} Hi Bernado Sounds good but am i missing a post??:nerd: Has this script already been posted somewhere??? I thought we were discussing or voting for one to be made, sorry if I've got my posts crossed here?? But the bottom line is yes would be interested if the script exists or is in the production stage. Many thanks
Hi Clive, I do not upload any script (yet), but I mentioned in this post http://www.forexfactory.com/showthre...81#post6631081.

Probably my idea is to open a thread for this specific topic.

PS: Kosmo with two/three more you may count on it

Regards, Bernardo.
  • #3,522
  • May 1, 2013 1:15pm May 1, 2013 1:15pm
Quoting ber_tdf
{quote} Hi Rouge, I do not use, but I think it may be the best combination to choose an entry. For those who are not experts wait for the indicator is above/below zero and for experts using PA + divergences. Regards, Bernardo.
Cheers Bernardo

It does definitely help. Will update more in a couple of weeks
  • #3,523
  • May 1, 2013 1:32pm May 1, 2013 1:32pm
Quoting RougeTrader
{quote} Cheers Bernardo It does definitely help. Will update more in a couple of weeks
Hi Rouge, here is a very good entry after the news (was watching the Barcelona match so I lost it)... divergence between Fisher indicator and the price, and then red Fisher with price below Ichimoku. As mentioned earlier, options for experienced traders and for those who are not so much.

PS: which values ​​you are using for the indicator ?

Regards, Bernardo.
Attached Image (click to enlarge)
Click to Enlarge Name: divergence.png Size: 102 KB
  • #3,524
  • May 1, 2013 1:52pm May 1, 2013 1:52pm
Quoting ber_tdf
{quote} Hi Rouge, here is a very good entry after the news (was watching the Barcelona match so I lost it)... divergence between Fisher indicator and the price, and then red Fisher with price below Ichimoku. As mentioned earlier, options for experienced traders and for those who are not so much. PS: which values ​​you are using for the indicator ? Regards, Bernardo. {image}

Very nice

I haven't changed any values from your indi, so period 90. Do you think that's best for the through the clouds?

Thanks

RT
  • #3,525
  • May 1, 2013 2:12pm May 1, 2013 2:12pm
Quoting RougeTrader
{quote} Very nice I haven't changed any values from your indi, so period 90. Do you think that's best for the through the clouds? Thanks RT
RT, looking through the template Babon-B maybe between 70 and 90 are the best values​​, but this it would have to verify for someone using the Favorite system.

PS: keep in mind that it's not my indicator (all the credit for the autor), just upload it and the only modification I did was to update at the close of the candle.

Regards, Bernardo.
  • #3,526
  • May 1, 2013 2:37pm May 1, 2013 2:37pm
Quoting ber_tdf
keep in mind that it's not my indicator (all the credit for the autor), just upload it and the only modification I did was to update at the close of the candle. Regards, Bernardo.
A bit buggy this indi, take a look at this, i need to refresh it often manually :

Attached Image (click to enlarge)
Click to Enlarge Name: Snap002 2013-05-01, 23_36_15.png Size: 40 KB
My name is Martin... Martin Gale
  • #3,527
  • May 1, 2013 3:13pm May 1, 2013 3:13pm
This is a very good system.
You are a Legend DNA Brazil
  • #3,528
  • May 1, 2013 3:18pm May 1, 2013 3:18pm
Quoting ber_tdf
{quote} Hi Clive, I do not upload any script (yet), but I mentioned in this post http://www.forexfactory.com/showthre...81#post6631081. Probably my idea is to open a thread for this specific topic. PS: Kosmo with two/three more you may count on it Regards, Bernardo.

Here's one more interested one for the list

Saludos Bernardo
Tight Stop Losses are False Economy - RJ
  • #3,529
  • May 1, 2013 4:00pm May 1, 2013 4:00pm
Quoting condor666
{quote} A bit buggy this indi, take a look at this, i need to refresh it often manually : {image}
Hi Condor, I have placed the indicador on a chart from this morning without problems, but probably the error is related to the refresh when the candle closes... now I've put it as an option... if choose to be refreshed when the candle it closes is probably to do a manual refresh sometime.

Regards, Bernardo.
Attached File(s)
File Type: mq4 FX Fisher.mq4   6 KB | 451 downloads
  • #3,530
  • May 1, 2013 4:10pm May 1, 2013 4:10pm
Quoting Pippicidal
{quote} Here's one more interested one for the list Saludos Bernardo
Welcome to our Secret Order Circle
mind over matter
  • #3,531
  • May 1, 2013 4:12pm May 1, 2013 4:12pm
Quoting ber_tdf
{quote} Hi Kosmo, if you use the option at market depends on the broker... when I started with Forex my first account was with FXCM and they had high spreads in the JPY pairs, so the idea behind using a hidden order is precisely this, that the order is executed when the price touches the line and not according to the spread of the broker (the same idea with hidden stoploss and takeprofit). Obviously you may find that your order is executed a few pips above/below the line, but this is inevitable and depends on market volatility. Personally, after...
Thank you for the explanation, Bernardo.
mind over matter
  • #3,532
  • May 1, 2013 7:40pm May 1, 2013 7:40pm
Quoting kosmo
{quote} Welcome to our Secret Order Circle
hahaha, good to be part of the 'SOC' =)
Tight Stop Losses are False Economy - RJ
  • #3,533
  • May 1, 2013 7:49pm May 1, 2013 7:49pm
So I'm trying to keep to all the rules as laid out by Favorite (Hi Fav if you are viewing in secret . Currently looking to abide by the trading timeframes and per the rules we should avoid trading 30M before and 60M after certain high impact news events. Looking at the next 24 hours...... do we agree that the Austria Unemployment coming up in 7 hours is one of these news events? Also, the ECB interest rate in 9 hours? And the US initial jobless claims in ~9 hours? I'm trying very hard to follow all of Fav's rules. What are your thoughts?

Thanks for the feedback.

Many pips to all

-P
Tight Stop Losses are False Economy - RJ
  • #3,534
  • May 1, 2013 11:06pm May 1, 2013 11:06pm
+13 pips
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  • #3,535
  • May 1, 2013 11:09pm May 1, 2013 11:09pm
Quoting ber_tdf
{quote} Hi Condor, I have placed the indicador on a chart from this morning without problems, but probably the error is related to the refresh when the candle closes... now I've put it as an option... if choose to be refreshed when the candle it closes is probably to do a manual refresh sometime. Regards, Bernardo. {file}
Im pretty sure the Fisher Indy repaints.. Correct me if I'm wrong!
  • #3,536
  • May 1, 2013 11:21pm May 1, 2013 11:21pm
Quoting Pippicidal
So I'm trying to keep to all the rules as laid out by Favorite (Hi Fav if you are viewing in secret . Currently looking to abide by the trading timeframes and per the rules we should avoid trading 30M before and 60M after certain high impact news events. Looking at the next 24 hours...... do we agree that the Austria Unemployment coming up in 7 hours is one of these news events? Also, the ECB interest rate in 9 hours? And the US initial jobless claims in ~9 hours? I'm trying very hard to follow all of Fav's rules. What are your thoughts? Thanks...
Hy

Fav do not trade on NFP day...if i remember correct...and today we have Minimum Bid Rate...

I do not think that you have to take very strictly the rule of 30m before/60m after

In my opinion...this is a scalping strategy, so...we have small SL/TP

For that, we are more exposed to haotic moves of the market in the news time (fake spikes, high spread, etc).For ex...yesterday at 19:00GMT (FOMC Statement)

I chose not to trade from 1 to 3 May...but is only my low risk apetit...
Look like a girl, act like a lady, think like a man and work like a dog.
  • #3,537
  • May 1, 2013 11:36pm May 1, 2013 11:36pm
Quoting ber_tdf
{quote} Guys, someone else would be interested in something like that ? I have exactly that Kosmo looking but would have to put together into a manual and change some parameters for Spanish to English... if there is TRUE interest I do. PS: is a combination of scripts + EA. Regards, Bernardo.
It will be useful in spanish too!!

Thanks
  • #3,538
  • May 1, 2013 11:38pm May 1, 2013 11:38pm
Quoting Simonik
{quote} Hy Fav do not trade on NFP day...if i remember correct...and today we have Minimum Bid Rate... I do not think that you have to take very strictly the rule of 30m before/60m after In my opinion...this is a scalping strategy, so...we have small SL/TP For that, we are more exposed to haotic moves of the market in the news time (fake spikes, high spread, etc).For ex...yesterday at 19:00GMT (FOMC Statement) I chose not to trade from 1 to 3 May...but is only my low risk apetit...
You are correct, Fav said that in NFP day he don´t trade. In other important news is the rule to stop trading 30-60min before.
  • #3,539
  • May 1, 2013 11:47pm May 1, 2013 11:47pm
Quoting ber_tdf
{quote} Hi Rouge, here is a very good entry after the news (was watching the Barcelona match so I lost it)...
That was out of the trading time, with Fav system you should stop trading around 5pm in Spain.
  • #3,540
  • Edited May 2, 2013 12:05am May 1, 2013 11:55pm | Edited May 2, 2013 12:05am
Quoting Pippicidal
So I'm trying to keep to all the rules as laid out by Favorite (Hi Fav if you are viewing in secret . Currently looking to abide by the trading timeframes and per the rules we should avoid trading 30M before and 60M after certain high impact news events. Looking at the next 24 hours...... do we agree that the Austria Unemployment coming up in 7 hours is one of these news events? Also, the ECB interest rate in 9 hours? And the US initial jobless claims in ~9 hours? I'm trying very hard to follow all of Fav's rules. What are your thoughts? Thanks...
A ver, creo que eres español por el "saludos" jeje, tienes en las instrucciones las noticias importantes, a no ser que cambies de par y tengas que buscar tu las noticias que le afecten. Las del manual son para EURJPY. HOY SEGUN LAS REGLAS NO SE HACE TRADING = NFP EN EEUU. Esto pasa creo que todos los primeros viernes de mes. Lo del empleo de austria no afecta, lo demas sí que moverá el precio, asi que mejor quedarse fuera 60min antes, pero lo dicho, te da igual porque hoy no se debe hacer trading en todo el dia. EDITO: Disculpa que no se en que dia vivo jaja, es mañana, hoy es un dia de muchas noticias pero si puedes hacer trading, yo quizas esperaria a que salga el ECB rates, que puede ser muy importante...

Un saludo

I am going to translate this text to everybody, but using translator because it is an answer for Pippicidal, I hope that everyone may understand it:

Let's see, I think you're Spanish for "greetings" hehe, the instructions have important news, unless you change your pair and have to get your news concerning it. The manual is for EURJPY. TODAY BY THE RULES IS NOT TRADING = NFP IN USA. I think this happens every first Friday of the month. The employment of Austria does not affect the rest it does move the price, so you better stay out 60min before, but I said, you do not care because today not to do trading in all day.
EDIT: Sorry I do not know when I´m living!! haha, it's tomorrow, today is a day of much news but if you can do trading, perhaps I would expect the ECB to leave rates, which can be very important ...

A greeting
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