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Daytrading/scalping with high leverage - my proven strategy

  • Linked: 1 Lot - 1.000 $ | Brokerage Account XXX82
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  • #4,401
  • Jun 5, 2013 4:40am Jun 5, 2013 4:40am
sorry I am Spanish and use google translator and I use bad jajaj

a thousand apologies
  • #4,402
  • Jun 5, 2013 5:11am Jun 5, 2013 5:11am
hi condor666,

could you please post more trade examples about your/Igor method. Would be nice for us to analyze them.
thanks a lot.
  • #4,403
  • Jun 5, 2013 6:02am Jun 5, 2013 6:02am
Here's another possible trade :
Attached Image (click to enlarge)
Click to Enlarge Name: Snap 2013-06-05-14_59.png Size: 31 KB

Some missing text on screenshot :
"Exit here cause tma lower line hasn't been touched and trend direction change"
My name is Martin... Martin Gale
  • #4,404
  • Jun 5, 2013 7:13am Jun 5, 2013 7:13am
Quoting condor666
{quote} Loosing trade ? what's this ? Serioulsly i would say when we have an opposite signal, but i never had a loosing trade with Igor's method.
Hi Condor,

may I ask how many trades you are getting a day with Igor's method on EURJPY?

and are you sill only taking long trades when price is below lower TMA band?

thanks

RT
  • #4,405
  • Jun 5, 2013 7:47am Jun 5, 2013 7:47am
Quoting GilR
Quick question. Do any of you use an EA to trade and manage the trades? I have using foxMag which allows me to easily move my Stop and Take profit on my chart (Mt4 broker). Its only drawback is that you can only place this trading EA on one chart pair only. If you trade more than one pair you must open a separate terminal which becomes a problem with 3 or 4 pairs I need your suggestions Gil
Hi Gil, I saw that someone answered that in version 4.0 build 500 has the features that you are looking for. Anyway I wanted to tell you that your suggest is "impossible" to perform with a graphical EA. This is so because although you can control multiple pairs from an EA but you would find situations where the lines related to stop or take profit not would see in this chart... for example, if you have the EA running on EUR/USD chart and appears an operation in EUR/JPY at 130.00 level the lines not would appear on the chart as becauase the pair EUR/USD is trading at level of 1.3000. I hope explained well.
One solution would be to run the EA with multiple pairs and sending the stop and take profit levels in some way (dll ?, cvs ?), but is rather impractical. Another solution is to have an EA that handles absolute stop and take profit (stop @ 20 pips, take profit @ 15 pips) to close operations whether by global values configuration or according to the individual pair.

Regards, Bernardo.
  • #4,406
  • Jun 5, 2013 7:59am Jun 5, 2013 7:59am
Quoting RougeTrader
i could have got an extra 15 if id held on a bit longer. I must try not to close so early
Hi RT, I see you still using my template... look takeprofit at TPO levels and moving the stop according to your objectives. As I mentioned before I open more than one trade and this allows me to achieve my daily goal and leave open trades with more ambitious objectives... an example here, I closed the third trade with several hundred pips !

PS: put the indicator Babon or HullMa (to look only into the 5M) to get an additional confirmation... I use it in 18.

Regards, Bernardo.
  • #4,407
  • Jun 5, 2013 9:42am Jun 5, 2013 9:42am
Quoting RougeTrader
{quote} Hi Condor, may I ask how many trades you are getting a day with Igor's method on EURJPY? and are you sill only taking long trades when price is below lower TMA band? thanks RT
No i trade mainly like the last screenshot and i couldn't tell you how many trades there are every day for 2 reasons :
1- I don't focus only on EURJPY
2- Actually i don't have the time to trade the entire day
My name is Martin... Martin Gale
  • #4,408
  • Jun 5, 2013 12:21pm Jun 5, 2013 12:21pm
Quoting condor666
{quote} No i trade mainly like the last screenshot and i couldn't tell you how many trades there are every day for 2 reasons : 1- I don't focus only on EURJPY 2- Actually i don't have the time to trade the entire day
Can you tell us what are the other pairs that you watch, please?
Do you trade on 5 min using your template?
  • #4,409
  • Jun 5, 2013 4:12pm Jun 5, 2013 4:12pm
Quoting ber_tdf
{quote} Hi Gil, I saw that someone answered that in version 4.0 build 500 has the features that you are looking for. Anyway I wanted to tell you that your suggest is "impossible" to perform with a graphical EA. This is so because although you can control multiple pairs from an EA but you would find situations where the lines related to stop or take profit not would see in this chart... for example, if you have the EA running on EUR/USD chart and appears an operation in EUR/JPY at 130.00 level the lines not would appear on the chart as becauase...
Thank you
  • #4,410
  • Jun 6, 2013 12:18am Jun 6, 2013 12:18am
Just took this quick little one for 12 to start the session
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.PNG Size: 130 KB
  • #4,411
  • Jun 6, 2013 12:37am Jun 6, 2013 12:37am
Benihana

Great trade

USDJPY has some very good trades throughout Asian session as well!
  • #4,412
  • Jun 6, 2013 12:42am Jun 6, 2013 12:42am
Quoting Flaviu1981
{quote} Can you tell us what are the other pairs that you watch, please? Do you trade on 5 min using your template?
Yes i use my template and here is what i look for :
Attached Image (click to enlarge)
Click to Enlarge Name: Snap 2013-06-06-09_42.png Size: 2 KB

FDXM3 is the dax.
My name is Martin... Martin Gale
  • #4,413
  • Jun 6, 2013 12:47am Jun 6, 2013 12:47am
Trade example on GBPJPY :
Attached Image (click to enlarge)
Click to Enlarge Name: Snap 2013-06-06-09_46.png Size: 29 KB
My name is Martin... Martin Gale
  • #4,414
  • Jun 6, 2013 12:49am Jun 6, 2013 12:49am
Quoting GilR
Benihana Great trade USDJPY has some very good trades throughout Asian session as well!

Thank you! Gotta love the yen pairs. I'm really liking the eurjpy, chfjpy and the usdjpy all up at the same time since they move in such close correlation. Just by watching those 3 entries are bound to pop up often.
  • #4,415
  • Jun 6, 2013 1:09am Jun 6, 2013 1:09am
Quoting condor666
Trade example on GBPJPY : {image}
Thanks for your answer and for your practical examples like this!
  • #4,416
  • Jun 6, 2013 2:12am Jun 6, 2013 2:12am
Quoting condor666
Another nice day for the moment, i need just 10 more pips to achieve my weekly objective : +500% {image}
Hi Condor - Are you regularly getting 500% a week?

At 1 pip = 1% are you risking 10% of account each trade?

Gil
  • #4,417
  • Jun 6, 2013 2:16am Jun 6, 2013 2:16am
Quoting clivepackham
{quote} 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...
Clive - how are you going on 100%/week? Are you near the million yet?

Personally I believe a realistic target is nearer 5% per day which doubles your account about each 20 days

Gil
  • #4,418
  • Jun 6, 2013 2:27am Jun 6, 2013 2:27am
Quoting GilR
{quote} Hi Condor - Are you regularly getting 500% a week? At 1 pip = 1% are you risking 10% of account each trade? Gil
if he started with 100 usd, and achieved 500% a week he would have almost 5 billion account at the end of week 11. or he could trade like that for 13 weeks and be the first person who earned a trillion
  • #4,419
  • Jun 6, 2013 2:36am Jun 6, 2013 2:36am
Quoting tonny47
{quote} if he started with 100 usd, and achieved 500% a week he would have almost 5 billion account at the end of week 11. or he could trade like that for 13 weeks and be the first person who earned a trillion
He would own the "market".

I think for the many who follow this thread it is realistic to aim for 4 or 5%/day which on say a 12pip stop and say 3% risk would mean earning around 20 pips. This is very possible for the systems on this thread.

Many times it is easy to look at the charts in hindsight and what could have been, but when trading a live account you must key in the mental game which is draining especially on a 1 min chart.

Just my ramblings, trying my best not to make anybody feel bad.
  • #4,420
  • Jun 6, 2013 2:44am Jun 6, 2013 2:44am
Quoting GilR
{quote} He would own the "market". I think for the many who follow this thread it is realistic to aim for 4 or 5%/day which on say a 12pip stop and say 3% risk would mean earning around 20 pips. This is very possible for the systems on this thread. Many times it is easy to look at the charts in hindsight and what could have been, but when trading a live account you must key in the mental game which is draining especially on a 1 min chart. Just my ramblings, trying my best not to make anybody feel bad.
thats the spirit
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