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Daytrading/scalping with high leverage - my proven strategy

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  • #4,181
  • May 18, 2013 6:25am May 18, 2013 6:25am
Quoting condor666
{quote} Size of stops : None, i use hedging with double volumeActually i've started using Igor's template so i look to the TMA M5 trend Which system was used ? In the begginning of the week i used my system, the one that i explained a few pages ago, yesterday i used Fav's system and since today i'm using Igor's system and i think i will keep this one.
There is limitation on the number of orders kept open.If the open orders are more, than you will run out of free margin.
pl.reply.
  • #4,182
  • May 18, 2013 7:18am May 18, 2013 7:18am
Quoting siddeshsd
{quote} There is limitation on the number of orders kept open.If the open orders are more, than you will run out of free margin. pl.reply.
With hedging there will be only 2 orders open : the initial and the hedged order
My name is Martin... Martin Gale
  • #4,183
  • Edited 5:14pm May 18, 2013 10:57am | Edited 5:14pm
[quote=Danimal42;6634150]
Mike, Here is what I use to decide if we are going to have a decent setup for TMA 1 Beyond Ichimoku cloud. I use a Stochastic Oscillator, provided by most platforms, set at 9,5,5 low/high linear weighted. I also use another indicator which I drop onto the Stochastic Oscillator box known as 9squaredSS with settings......

Hi Dan, I am using this combination in 1m time frame with very good results, I would like to know if there is any chance of getting the 9squaredSS settings for 5m and 15m time frame charts, many thanks in advance
Regards
Roberto
  • #4,184
  • May 18, 2013 9:23pm May 18, 2013 9:23pm
[quote=romariof;6689708]
Quoting Danimal42
Mike, Here is what I use to decide if we are going to have a decent setup for TMA 1 Beyond Ichimoku cloud. I use a Stochastic Oscillator, provided by most platforms, set at 9,5,5 low/high linear weighted. I also use another indicator which I drop onto the Stochastic Oscillator box known as 9squaredSS with settings...... Hi Dan, I am using this combination in 1m time frame with very good results, I would like to know if there is any chance of getting the 9squaredSS settings for 5m and 15m time frame charts, many thanks in...

Hi Roberto,

I have found that the current settings work great for the CT trades. Anytime that I see price breaking the 5 TMA or 15 TMA, I watch to see what the stoch does and base part of my trade decision on it. Im only taking trades when this happens or I see TMA 1 Beyond the Ichimoku cloud. If I see price break the TMA 5 or 15 and a pivot/MM#, its strong confluence and I'm usually in. Hope this helps, you probably have seen this plenty of times.

On a 5M chart, Change the TF of 9SS to 15 and the D period to 2. Keep all the other settings the same, even for the other stoch. Im not sure what the settings are for the 15M, it was meant for 5M and if a trade wasn't available, you could switch the chart to M1 and the indicators would change so that you could look for a CT trade. You can google the indicator and read the thread it came from.

Dan
  • #4,185
  • Edited 10:51pm May 18, 2013 10:26pm | Edited 10:51pm
[quote=Danimal42;6690031]
Quoting romariof
{quote} Hi Roberto, I have found that the current settings work great for the CT trades. Anytime that I see price breaking the 5 TMA or 15 TMA, I watch to see what the stoch does and base part of my trade decision on it. Im only taking trades when this happens or I see TMA 1 Beyond the Ichimoku cloud. If I see price break the TMA 5 or 15 and a pivot/MM#, its strong confluence and I'm usually in. Hope this helps, you probably have seen this plenty of times. On a 5M chart, Change the TF of 9SS to 15 and the D period to 2. Keep all the other settings the same, even for the other stoch. Im not sure what the settings are for the 15M, it was meant for 5M and if a trade wasn't available, you could switch the chart to M1 and the indicators would change so that you could look for a CT trade. You can google the indicator and read the thread it came from. Dan
Hi Dan

Your reply has been helpful, thanks

Roberto
  • #4,186
  • May 19, 2013 6:19am May 19, 2013 6:19am
Quoting condor666
{quote} Size of stops : None, i use hedging with double volumeActually i've started using Igor's template so i look to the TMA M5 trend Which system was used ? In the begginning of the week i used my system, the one that i explained a few pages ago, yesterday i used Fav's system and since today i'm using Igor's system and i think i will keep this one.
Thanks for your reply, can i just ask you about which trend you are speaking about when you say "trade only with the trend" is that the 1 min trend or are you referring to a higher timeframe trend 5 min 15 or 1 hr??

You and DNA Mike and others have proved what can be done with the right approach and focus. You are an inspiration to the rest of us mere mortals.

So I am going to try and achieve something similar but my target will be 100% per week in otherwords doubling my account every week. I will start with £100 and if all goes to plan will have £1,000,000 by week 13.

Should be fun if you want to follow will be posting on the journal thread with a live explorer account shortly. Wish me luck!!!

Many thanks for showing us all the way.
Feel the Fear and do it anyway!!!
  • #4,187
  • May 19, 2013 6:29am May 19, 2013 6:29am
Trading with so called trend is admirable - just bear in mind that trend can be up on M1, down on M5, up on M15, down on H1, up on H4, down on D1 etc. etc. Personally I would always go with the daily but I'm sure others have different views. After all if there were no contrarian views we wouldn't have a market to trade.
  • #4,188
  • May 19, 2013 6:59am May 19, 2013 6:59am
I look at the M5 trend, higher TF trends are not so important while trading M1, at least that's what i've noticed.
My name is Martin... Martin Gale
  • #4,189
  • May 19, 2013 10:35am May 19, 2013 10:35am
Quoting condor666
I look at the M5 trend, higher TF trends are not so important while trading M1, at least that's what i've noticed.
Thanks yep i would agree with that trade the 1 min signals in direction of the 5 min trend so if I have an uptrend on 5 minute then just buy higher lows on the 1 minute as it comes down to support. Simple really but never easy.
Feel the Fear and do it anyway!!!
  • #4,190
  • May 19, 2013 10:55am May 19, 2013 10:55am
Quoting condor666
I look at the M5 trend, higher TF trends are not so important while trading M1, at least that's what i've noticed.
Can you describe how you use the Igor's system?
Do you believe that his system is better than Favourite's system?
Thanks!
I believe that I will search all the post made by Igor and I'll study in detail his system!
  • #4,191
  • May 19, 2013 11:49am May 19, 2013 11:49am
Yes i think Igor's system is more powerfull.
Use it like he explained and everything goes fine.
My name is Martin... Martin Gale
  • #4,192
  • May 19, 2013 1:07pm May 19, 2013 1:07pm
Quoting condor666
Yes i think Igor's system is more powerfull. Use it like he explained and everything goes fine.
Ok! Thanks for sharing your opinion!
I will start to study his system!
  • #4,193
  • May 19, 2013 2:55pm May 19, 2013 2:55pm
Hi condor666,

could you explain a bit more Igor's rules? I don't understand everything, exactly where to buy where to sell? If price bounce back from the middle TMA then sell/buy?
thanks
Quoting condor666
Yes i think Igor's system is more powerfull. Use it like he explained and everything goes fine.
  • #4,194
  • May 19, 2013 3:02pm May 19, 2013 3:02pm
Quoting killerno
Hi condor666, could you explain a bit more Igor's rules? I don't understand everything, exactly where to buy where to sell? If price bounce back from the middle TMA then sell/buy? thanks {quote}
I don't trade it like this, i don't use Igor rules, i do like this :
1) The trend phases
No trend = TMA horizontal => Long and short allowed
Up trend = TMA going up => Only longs
Down trend = TMA going down => Only shorts
2) Where to put an order ?
I put my shorts over upper TMA and my longs under TMA lower
With my method you'll have less signals but these entries are really good.
My name is Martin... Martin Gale
  • #4,195
  • May 19, 2013 3:46pm May 19, 2013 3:46pm
thanks for the answer condor666. I don't really get this "I put my shorts over upper TMA and my longs under TMA lower " you mean if there is a long trend(TMA is up) you place oder only if price goes below lower TMA or TMA center line.
I have checked with TMAtrue indicator and did not find any entry, if it happens TMA going down already.
thanks
Quoting condor666
{quote} I don't trade it like this, i don't use Igor rules, i do like this : 1) The trend phases No trend = TMA horizontal => Long and short allowed Up trend = TMA going up => Only longs Down trend = TMA going down => Only shorts 2) Where to put an order ? I put my shorts over upper TMA and my longs under TMA lower With my method you'll have less signals but these entries are really good.
  • #4,196
  • May 19, 2013 3:52pm May 19, 2013 3:52pm
I don't use TMAtrue anymore cause it isn't incuded in Igor's system.
So let's say we are in uptrend, i take my buy if price is below TMA lower line.
My name is Martin... Martin Gale
  • #4,197
  • May 19, 2013 4:27pm May 19, 2013 4:27pm
thanks condor666. clear now. I gonna forwardtest it.
Quoting condor666
I don't use TMAtrue anymore cause it isn't incuded in Igor's system. So let's say we are in uptrend, i take my buy if price is below TMA lower line.
  • #4,198
  • May 19, 2013 4:29pm May 19, 2013 4:29pm
A little backtest :
Attached File(s)
File Type: zip strat_tester.zip   10 KB | 440 downloads
My name is Martin... Martin Gale
  • #4,199
  • May 19, 2013 8:51pm May 19, 2013 8:51pm
Quote
I don't trade it like this, i don't use Igor rules, i do like this :
1) The trend phases
No trend = TMA horizontal => Long and short allowed
Up trend = TMA going up => Only longs
Down trend = TMA going down => Only shorts
2) Where to put an order ?
I put my shorts over upper TMA and my longs under TMA lower
With my method you'll have less signals but these entries are really good.
Everything is right! I will show on pictures.
we trade only up!
The second schedule, we trade only down. in the same place it is shown where at all we don't trade.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym1.png Size: 65 KB
  • #4,200
  • May 19, 2013 8:52pm May 19, 2013 8:52pm
excuse I forgot to insert
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym1-1.png Size: 64 KB
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