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Daytrading/scalping with high leverage - my proven strategy

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  • #5,401
  • Jul 16, 2013 2:33pm Jul 16, 2013 2:33pm
Quoting condor666
{quote} I would suggest a minimal up or down move extern variable.
Minimal up or down move from what? I'm not sure what you mean, could you elaborate?

Thank you for the Kijun idea - I"ll try to see if I can make that work. No promises!

Thank you all for your responses - please just send me PMs from now on with any suggestions so we don't clog up the thread anymore, I apologize for taking up the space here in the first place! What I'm realy interested in hearing is what angles you think are important for the M5 slope - .4, .8, 1? - for the M5 arrow.

Thanks -
Small disciplines repeated with consistency lead to great achievements.
  • #5,402
  • Jul 16, 2013 3:01pm Jul 16, 2013 3:01pm
jmflukeiii........



I think your new indi is a great idea ....Regarding some of the points raised:-

1) Kijun cross would seem to be most important. At least to simplify things initially to get something up and running. The line on chart at 17:23hrs
(which corresponds to 10:23hrs on your recent chart post) could have been negated as Kijun is flat and most recent Kijun move is up, although personally I would have taken this 2 bars later when my other indicators line up.
2) With regard to the TMA slope:- looking at the 17.47hrs line this is a good short signal, distance to TMA5 is about 10 pips which some might consider borderline.
The recent movement of the histogram shows decreasing momentum as it moves back towards the zero line, but on the close of the 17.47 candle the histogram shows momentum has started to pick up to the downside again. On your chart the additional line on the slope indi is still blue, that could mean your M1 slope average could show long not short. Of course this is easy after the fact, this turned out to be a retracement not a reversal causing loss of momentum. next time??????
3) The big issue is getting signals that do not repaint. If that can be done them just being able to look back over the charts would help enormously in determining what parameters are set.

For me there will always be a discretionary aspect, regardless of how indis line up..Thanking you for the work you have put in and looking forward to your indi release.
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  • #5,403
  • Jul 16, 2013 3:47pm Jul 16, 2013 3:47pm
Quoting jmflukeiii
{quote} Minimal up or down move from what? I'm not sure what you mean, could you elaborate? Thank you for the Kijun idea - I"ll try to see if I can make that work. No promises! Thank you all for your responses - please just send me PMs from now on with any suggestions so we don't clog up the thread anymore, I apologize for taking up the space here in the first place! What I'm realy interested in hearing is what angles you think are important for the M5 slope - .4, .8, 1? - for the M5 arrow. Thanks -

I mean how many the kijun line moves cause sometimes we have just little moves that could be considered as flat and sometimes we have exactly the opposite, we are flat for just 2 or 3 candles and that should not ne considered as flat.
My name is Martin... Martin Gale
  • #5,404
  • Jul 16, 2013 4:05pm Jul 16, 2013 4:05pm
Quoting condor666
{quote} I mean how many the kijun line moves cause sometimes we have just little moves that could be considered as flat and sometimes we have exactly the opposite, we are flat for just 2 or 3 candles and that should not ne considered as flat.
Right - so you say that if it was going up, then it goes flat for 2 or 3 candles, its still considered UP. And it will be UP until it actually makes a move down. That was what I was thinking.... your thoughts? Also, all these filters will be optional as it relates to the Big Arrow which means LONGS, SHORTS, or WAIT.
Small disciplines repeated with consistency lead to great achievements.
  • #5,405
  • Jul 16, 2013 4:09pm Jul 16, 2013 4:09pm
Right, so you want to do exactly as i thinked it could be done.
My name is Martin... Martin Gale
  • #5,406
  • Jul 16, 2013 4:11pm Jul 16, 2013 4:11pm
Quoting condor666
Right, so you want to do exactly as i thinked it could be done.
Great - that should be doable. I expect to have a working initial indi together by Thursday. There might be some bugs which hopefully people can let me know of and we can make something that works for all our styles -
Small disciplines repeated with consistency lead to great achievements.
  • #5,407
  • Jul 16, 2013 5:47pm Jul 16, 2013 5:47pm
Quoting NicoScholtz
{quote} Hi Gil There was a bug. Try attached version V1.0.6. What is debugged software?? "A piece of program code for which the impulse to make it fail has not yet been supplied." {file}
Thank you - now it works great
  • #5,408
  • Jul 16, 2013 9:05pm Jul 16, 2013 9:05pm
The Asian session works so well for my scalping technique

Three perfect setups on EU,EJ,UJ and 8% to account
  • #5,409
  • Jul 16, 2013 9:57pm Jul 16, 2013 9:57pm
Hi, I have been reading this thread for about 3 days and found it Outrageously Amazing that you guys could get in and out of the market with an average of 5% of your equity a day! I am fully inspired by the way you guys trade this FX battleground.

You guys are like Snipers, patiently waiting for the best opportunity to taking down small pips at a time rather than exposing yourself out from the big guys and hoping to take them down by taking huge pips.
The Greatest risk of all is NOT to risk at all
  • #5,410
  • Jul 16, 2013 10:34pm Jul 16, 2013 10:34pm
Two more great signals on EJ and UJ
  • #5,411
  • Jul 16, 2013 11:43pm Jul 16, 2013 11:43pm
Quoting GilR
Two more great signals on EJ and UJ
Hi GilR,

I am impressed with your trade updates and its results. I just want to check, upon reading the summary from Favorite at post #2326, I notice that you guys are using a different templates now. Is your entry and exit rules still the same as what Fav explained on his summary if its different now? I dont see any update from Fav on this thread so I suppose that there are some changes on the Entry / Exit rules and templates for this great strategy.



________________________________
The greatest risk of all is NOT to Risk at all
The Greatest risk of all is NOT to risk at all
  • #5,412
  • Jul 17, 2013 12:30am Jul 17, 2013 12:30am
Quoting rhenzon
{quote} Hi GilR, I am impressed with your trade updates and its results. I just want to check, upon reading the summary from Favorite at post #2326, I notice that you guys are using a different templates now. Is your entry and exit rules still the same as what Fav explained on his summary if its different now? I dont see any update from Fav on this thread so I suppose that there are some changes on the Entry / Exit rules and templates for this great strategy. ________________________________ The greatest risk of all is NOT to Risk at all
The basics are similar. But we have moved on somewhat.

Also in this thread there are now many different versions which will confuse you no doubt

Gil
  • #5,413
  • Jul 17, 2013 12:56am Jul 17, 2013 12:56am
Quoting GilR
{quote} The basics are similar. But we have moved on somewhat. Also in this thread there are now many different versions which will confuse you no doubt Gil
Surely I am so confuse. So which templates and indicators are you guys using now after so many tweaks? I was trying to read every pages of this thread but there are lots of indicators and templates are being introduced every time.
The Greatest risk of all is NOT to risk at all
  • #5,414
  • Jul 17, 2013 2:13am Jul 17, 2013 2:13am
Good start to the day !!!
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When all conditions are met - Enter trade - sit back and FRET !!!
  • #5,415
  • Jul 17, 2013 2:40am Jul 17, 2013 2:40am
Quoting jsf
Good start to the day !!! {image}
Hi,

Do you look at 1H TF before entering a trade on 5m TF? If Yes, is your 5m template same as you bigger TF to check the trend?

Nice pips you have there.
The Greatest risk of all is NOT to risk at all
  • #5,416
  • Jul 17, 2013 3:46am Jul 17, 2013 3:46am
The 170 pips trade :
Attached Image (click to enlarge)
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My name is Martin... Martin Gale
  • #5,417
  • Jul 17, 2013 3:59am Jul 17, 2013 3:59am
Quoting condor666
The 170 pips trade : {image}
Why did you not take the TMA 5 exit around 1040? Or is this after the fact?
  • #5,418
  • Jul 17, 2013 4:08am Jul 17, 2013 4:08am
Quoting rhenzon
{quote} Hi, Do you look at 1H TF before entering a trade on 5m TF? If Yes, is your 5m template same as you bigger TF to check the trend? Nice pips you have there.
No I did not check 1h. I bargained on the London open breakout. This is my 1m template with 5m tma and 15m tma. Also Itchi settings 9,34,52
When all conditions are met - Enter trade - sit back and FRET !!!
  • #5,419
  • Jul 17, 2013 4:27am Jul 17, 2013 4:27am
Quoting GilR
{quote} Why did you not take the TMA 5 exit around 1040? Or is this after the fact?

To be honnest it was luck, cause i gone away to make some coffee and when i came back i was at 165 pips.
My name is Martin... Martin Gale
  • #5,420
  • Jul 17, 2013 4:49am Jul 17, 2013 4:49am
Guys which broker do you use? anybody have pepperstone?

I am using hotforex, but I think the spread is to big for scalping
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