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Daytrading/scalping with high leverage - my proven strategy

  • Linked: 1 Lot - 1.000 $ | Brokerage Account XXX82
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  • #4,461
  • Edited 4:00am Jun 7, 2013 3:41am | Edited 4:00am
Quoting siddeshsd
{quote} Hi, can you pl. post your template and inds. regards
Cannot do that as some indicators and EA are specially made for me for MT5, BUT I have given details here

http://www.forexfactory.com/showthre...94#post6736094

I use Favorite 1min template, but changed Babon slope(HULL) to 7 as I scalp and generally trade the TMA 1 min bands. Will go to TMA 5 min if it is near

Hope this helps (maybe in future as my indicators are further developed who knows)

Gil

I can post my Mt5 template without my own indicators if wanted?
  • #4,462
  • Jun 7, 2013 4:27am Jun 7, 2013 4:27am
Another perfect setup and 9 pips
Attached Image (click to enlarge)
Click to Enlarge Name: 07-06-2013 19-22-50.jpg Size: 89 KB
  • #4,463
  • Jun 7, 2013 4:31am Jun 7, 2013 4:31am
Quoting fishman356
{image}{file}{file} {file}
Love that "pipsometer".

Would be even better if had x and y direction to move it anywhere on chart - all my corners are taken
  • #4,464
  • Jun 7, 2013 6:10am Jun 7, 2013 6:10am
Nice possible trade this morning but i wasn't at home
Attached Image (click to enlarge)
Click to Enlarge Name: Snap 2013-06-07-13_07.png Size: 65 KB
My name is Martin... Martin Gale
  • #4,465
  • Jun 7, 2013 6:57am Jun 7, 2013 6:57am
And now the continuation to that trades :
Attached Image (click to enlarge)
Click to Enlarge Name: Snap 2013-06-07-13_54.png Size: 62 KB
My name is Martin... Martin Gale
  • #4,466
  • Jun 7, 2013 7:56am Jun 7, 2013 7:56am
Quoting condor666
And now the continuation to that trades : {image}
The problem is that it is very easy to see now with the large down trend, but what about Monday when there will be very little movement in the markets, that is when we give it all back again.

Enjoy the weekend everyone !
When all conditions are met - Enter trade - sit back and FRET !!!
  • #4,467
  • Jun 7, 2013 8:02am Jun 7, 2013 8:02am
Quoting jsf
{quote} The problem is that it is very easy to see now with the large down trend, but what about Monday when there will be very little movement in the markets, that is when we give it all back again. Enjoy the weekend everyone !
We shall stand firm and refuse to do that

On Monday don't trade until you have a good 60 min range!

Have a good weekend
  • #4,468
  • Jun 7, 2013 9:13am Jun 7, 2013 9:13am
Quoting GilR
{quote} We shall stand firm and refuse to do that On Monday don't trade until you have a good 60 min range! Have a good weekend
How do you define a good 60 min range?
And what 60 min? The previous 60 min?
How many pips?
  • #4,469
  • Jun 7, 2013 9:24am Jun 7, 2013 9:24am
Quoting Flaviu1981
{quote} How do you define a good 60 min range? And what 60 min? The previous 60 min? How many pips?
min 15 to 18 pips, but prefer over 20

Range is defined as the difference between Highest High and Lowest Low over 60 bars on 1min chart.

Look for an indicator called "how_volatile" for mt4ave it on another computer. If you dont find it remind me next week

It is sleep time in Australia
  • #4,470
  • Jun 7, 2013 9:26am Jun 7, 2013 9:26am
Found it

Attached File(s)
File Type: ex4 how_volatile2.5.ex4   21 KB | 590 downloads
  • #4,471
  • Jun 7, 2013 9:28am Jun 7, 2013 9:28am
Quoting GilR
{quote} min 15 to 18 pips, but prefer over 20 Range is defined as the difference between Highest High and Lowest Low over 60 bars on 1min chart. Look for an indicator called "how_volatile" for mt4ave it on another computer. If you dont find it remind me next week It is sleep time in Australia
Thanks for you reply and I wish you to have a good night!
  • #4,472
  • Jun 7, 2013 9:30am Jun 7, 2013 9:30am
Hey condor nice Trades

But could you tell us how you enter i donīt get it
  • #4,473
  • Jun 7, 2013 10:38am Jun 7, 2013 10:38am
Quoting GilR
Found it {file}
Hi GilR

thanks

i think I'm being a bit thick......... Which line relates to the last hour?

thanks

RT
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  • #4,474
  • Jun 7, 2013 1:55pm Jun 7, 2013 1:55pm
Quoting john225
Hey condor nice Trades But could you tell us how you enter i donīt get it
Take a look to the anotations i made :
Attached Image (click to enlarge)
Click to Enlarge Name: Snap 2013-06-07-20_52.png Size: 54 KB
My name is Martin... Martin Gale
  • #4,475
  • Jun 7, 2013 2:13pm Jun 7, 2013 2:13pm
Quoting GilR
{quote} Cannot do that as some indicators and EA are specially made for me for MT5, BUT I have given details here http://www.forexfactory.com/showthre...94#post6736094 I use Favorite 1min template, but changed Babon slope(HULL) to 7 as I scalp and generally trade the TMA 1 min bands. Will go to TMA 5 min if it is near Hope this helps (maybe in future as my indicators are further developed who knows) Gil I can post my Mt5 template without my own indicators if wanted?
Hi GilR! what is your stop placement rules? And are there any rules about how far the enter should be from TMA 1m band. Many times the Hull slopes very close to the TMA when we se good trend so there is no space fo TP.
  • #4,476
  • Jun 7, 2013 2:43pm Jun 7, 2013 2:43pm
Quoting Rogue Trader
Hi GilR
......... Which line relates to the last hour?

Hope I'm not showing poor thread etiquette by jumping in here, but I've just downloaded the same indicator and had similar problems.
Using the 1min chart I have put the following settings under the indicator 'Inputs' tab.
Period.1 = 2
Period.2 = 5
Period.3 = 15
Period.4 = 30
Period.5 = 60

This will give you information on the last 2mins, 5mins, 15mins, 30mins and 60 mins.
The right hand column then displays info on the last sixty 1min bars. The bottom row showing the
price range over this period.
Because of the way price is displayed on my platform ie 97.405 I had to adjust the following
AutoMultiplier = False
Multiplier = 100
As initially it was showing 400pip range instead of 40....this is something that may need to be adjusted
for other markets.
Hope this helps
  • #4,477
  • Jun 7, 2013 4:24pm Jun 7, 2013 4:24pm
Quoting scalpip
Quoting Rogue Trader Hi GilR ......... Which line relates to the last hour? Hope I'm not showing poor thread etiquette by jumping in here, but I've just downloaded the same indicator and had similar problems. Using the 1min chart I have put the following settings under the indicator 'Inputs' tab. Period.1 = 2 Period.2 = 5 Period.3 = 15 Period.4 = 30 Period.5 = 60 This will give you information on the last 2mins, 5mins, 15mins, 30mins and 60 mins. The right hand column then displays info on the last sixty 1min bars. The bottom row showing the price...
Cheers Scalpip!

ive changed to those setting

RT
  • #4,478
  • Jun 7, 2013 4:31pm Jun 7, 2013 4:31pm
I was just wondering why you need a tool like that cause you simply need to look to the cloud :
big cloud -> volatile market
thin cloud -> more ranging market
My name is Martin... Martin Gale
  • #4,479
  • Jun 7, 2013 5:47pm Jun 7, 2013 5:47pm
Quoting condor666
I was just wondering why you need a tool like that cause you simply need to look to the cloud : big cloud -> volatile market thin cloud -> more ranging market
Condor your trading style is more intraday with trades lasting several hours.

My style is scalping where trades are usually less than 10 mins. I need volatility and the easiest way for me is knowing the range in real numbers is the high and low over a given time or numbers of bars. The cloud you know is subjective in that it scales which price action so just looking does not tell me the true range.

Is it full proof? No. That is why we look for the slope of TMA

Gil
  • #4,480
  • Jun 7, 2013 6:23pm Jun 7, 2013 6:23pm
Quoting Dezil
{quote} Hi GilR! what is your stop placement rules? And are there any rules about how far the enter should be from TMA 1m band. Many times the Hull slopes very close to the TMA when we se good trend so there is no space fo TP.
I use 8 or 12 pip stop. On the USDJPY you would need 12, whereas EURUSD you can get by with 8. I tend to like my stop where possible behind the Kijun line. If I was a trader similar to Condor I would use that I think to also move my stop in trailing.

When to enter? I was looking for example but my chart has redrawn and the TMA in history is false. If it were true we would all be millionaires. I will try and upload a few examples next week.

But generally if to close to the TMA 1min I don't bother. With this system the way I use it there are plenty of good setups. Also remember that using my stop and 3% of account 12 pips is 5%. You can get those pips in 1's, 2's, 4's etc etc

Don't be fooled by systems that speak of large numbers of pips. What governs your profit and success is MM. It is your stop and % of account you are willing to lose in a trade that governs the lot size and pips needed to win to meet your objective.

When I get chance I will post some simple examples why a scalper with a good MM system making 4 or 5 pips a day does better than most forex traders. The key is preserve your capital and be SELECTIVE.

Most traders here on the forum including myself I presume are not professional traders and get caught up in the moment. Condor says he can do 500% per week.....etc etc. Well if he can do that I can tooooo!!!!!! Just pick his brains and follow his examples!!!! SORRY BUT THAT WILL NOT WORK.

Trading is 25% technical and 75% mental. Some would say 5% and 95%!!!

When I read some of the posts here of trades and tagged on the comment "but if I had been patient I would have made another 50 pips" just highlights my point. The mental side is weak and failure will eventually catch up.

When you trade your setup and you exit according to your rules, that is a winner --- celebrate

NOTICE WHAT I AM SAYING!!!!! Matters not if it was a profitable trade or not ... you followed your system. That is the mental game... to be able to celebrate the losers, but most times we are

Anyway .........
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