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15 minute timeframe scalping system

  • #41
  • Jul 21, 2013 4:16am Jul 21, 2013 4:16am
Quoting tdhowl
I updated my new system on the first post of this thread. I included indicators. I am confident this updated system is far better then the previous one.
Hi TdHowl,
what is your setting on the indicators you gave at post#1??? (Non Repainting Supertrend&LabTrendZigZag)

I try to match LabTrendZigZag with Cycle Indicator ,so when ZZ Top/Bottom printed ... CI will do the same but so far they,re not in sync yet

My CI setting is 1-3-4
i worshipped... Momentum
  • #42
  • Jul 24, 2013 5:38pm Jul 24, 2013 5:38pm
Hi rockrobb, I was using default settings. The way I want to trade forex is not the way I am allowed to do it in the United States as far as I understand. I do not like being limited to just opening a buy, or just opening a sell position per currency pair. This is what I think.. When brokers, or big bank traders as a group know traders are taking a position either long or short, then I think they take the opposite position, or close out large positions doing opposite what the trader is doing. This causes price volatility, and when a trader is sure he or she is trading in the right direction.. it is wrong. No matter how many indicators I use, as soon as I take a position either buy or sell.. the price moves against my open position. The US regulators stopped US residents from having open buy and sell positions in an account for only one currency pair at the same time. In my opinion, this was done to prevent traders from making money. The reason is this.. price manipulation against the traders is not that successful when a trader can manipulate long and short positions opened at different prices. Also, according to FIFO US regulation, a US trader has to close all losing positions, before closing the winners. This was done to further prevent US traders from making a profit. More regulation, more control to prevent locking in a profit. On top of this, US residents cannot invest in pamm accounts. Every time I was making money regardless of the broker I was using.. I was stopped in my tracks as soon as I started winning. I used the forex megadroid ea once and I made 25% profit in one month. After this, the EA never traded again for me. I left this EA on the account for months after.. and it never traded again, and that broker stopped free vps service too. When I autotraded options a long time ago.. as soon as I started making money.. the broker stopped following the recommendation service I was using and left positions opened that should have been closed. I am not going to trade anymore. I am giving up. Attached is, I think, the best grid hedging script I ever had made. I hope this helps someone allowed to use it. Good Luck
Attached File(s)
File Type: mq4 Mark Harris Script.mq4   16 KB | 2,356 downloads
File Type: pdf Mark Harris Script- instructions by Mark Harris.pdf   535 KB | 5,075 downloads
  • #43
  • Jul 25, 2013 12:35am Jul 25, 2013 12:35am
try your hand a futures the brokers are regulated and can't play games like fx. FX is wild west still. Yet here we try and play and have dreams of being the one.
  • #44
  • Jul 25, 2013 1:05am Jul 25, 2013 1:05am
Quoting tommbstone
try your hand a futures the brokers are regulated and can't play games like fx. FX is wild west still. Yet here we try and play and have dreams of being the one.
If you will take a look on EU at forex and Euro futures you will see pretty much the same. Stocks, futures, options, forex spot all the same kitchen. Those regulations only for you, not for the people who is making money
Even though I walk through the darkest valley, I will fear no evil
  • #45
  • Jul 25, 2013 1:17am Jul 25, 2013 1:17am
Quoting tdhowl
Hi rockrobb, I was using default settings. The way I want to trade forex is not the way I am allowed to do it in the United States as far as I understand. I do not like being limited to just opening a buy, or just opening a sell position per currency pair. This is what I think.. When brokers, or big bank traders as a group know traders are taking a position either long or short, then I think they take the opposite position, or close out large positions doing opposite what the trader is doing. This causes price volatility, and when a trader is sure...
Open 2 accounts one for short and one for long in US. Grid is good for hedging, when you open long and price moved against you lets say 10 pips you are starting a grid, lot every 5 pips and TP 10 pips. When price comes back to your initial position you close all the grid. If decided that price wouldn't go up, you just close your grid with no loss.
But I would agree about Mt4 issues, especially before and after news
Even though I walk through the darkest valley, I will fear no evil
  • #46
  • Jul 25, 2013 5:57am Jul 25, 2013 5:57am
Quoting tdhowl
Hi rockrobb, I was using default settings. The way I want to trade forex is not the way I am allowed to do it in the United States as far as I understand. I do not like being limited to just opening a buy, or just opening a sell position per currency pair. This is what I think.. When brokers, or big bank traders as a group know traders are taking a position either long or short, then I think they take the opposite position, or close out large positions doing opposite what the trader is doing. This causes price volatility, and when a trader is sure...
I do believe we can beat them at their own game, get a new broker/dealer and when he won't fill your orders anymore move your account to the next one.
Also I don't believe an individual dealer can move the market against you if you are trading with the trend and moving with "smart money" how much will the dealer be willing to risk to go against the tide of current momentum and trigger your stop, it would take a gang up of like 50 broker/dealers.

Ask yourself how much of your money is at stake that you should be singled out of all the Forex traders placing the same trades? That single dealer attempting such will only get burnt.

I got a list of 2012 top 50 brokers and surprisingly the likes of Alpari and Oanda didn't make the cut, I mean a single broker/dealer comes after you he may just be attempting to loose his precious funds he may just be competing against bigger fish, swimming up stream.

I was in a trade at LO and it was going well but turned against me. I sat down and licked my wound while the market had changed direction but blame it on the dealer no way I should have been nimble, emotionally unattached to my trade and moved with the tide.

Place no barriers on yourself. You are living in the country were the best hedge fund managers live who have beat the odds to come out tops.

There is a way that you will trade that no dealer can touch you, you just have to find it and they can only say then, "this guy's too hot to handle he should be trading for us".
Attached Image (click to enlarge)
Click to Enlarge Name: [EURJPY,M15]_2013-07-25_13-04-29_NO_EXCUSES.png Size: 119 KB
Attached File(s)
File Type: pdf Top50Brokers_201263.pdf   486 KB | 1,136 downloads
Let it turn and find your entry.
  • #47
  • Jul 25, 2013 10:38am Jul 25, 2013 10:38am
Quoting monocor
{quote} If you will take a look on EU at forex and Euro futures you will see pretty much the same. Stocks, futures, options, forex spot all the same kitchen. Those regulations only for you, not for the people who is making money
Pretty much the same? naw man its not. I'm not even talking about eu. I was advising futures as in grains metals bonds es etc. Nothing with currency for this guy. He has a bad taste in his mouth for currency. I'm just saying I've not seen any games like the ones in FX.
  • #48
  • Jul 25, 2013 10:46am Jul 25, 2013 10:46am
I have seen even worst stuff with stocks and commodities. Do you know how much money you need to use UBS or J.P. Morgan. Plus you not gonna see oanda or fxcm on that list
Even though I walk through the darkest valley, I will fear no evil
  • #49
  • Jul 25, 2013 10:48am Jul 25, 2013 10:48am
Quoting monocor
I have seen even worst stuff with stocks and commodities. Do you know how much money you need to use UBS or J.P. Morgan. Plus you not gonna see oanda or fxcm on that list
Also you forgot to mention sliperege, fee for every trade
Even though I walk through the darkest valley, I will fear no evil
  • #50
  • Jul 25, 2013 10:48am Jul 25, 2013 10:48am
How long have you been trading this strategy?
Would you consider putting up a trade explorer so we can follow your trades using this strategy?
  • #51
  • Jul 30, 2013 12:08am Jul 30, 2013 12:08am
Hi spufuz, I have not been trading the grid hedging strategy because I reside in the US, and most US brokers are members of NFA, and are regulated not to allow US residents to hedge, or close winning trades before closing losing trades (FIFO) or First In First Out. FXDD may allow this for US residents, but this may only be temporary. I would not get hopes up. So, at this time, I am not putting up a trade explorer to demonstrate a trading strategy I probably won't be able to benefit from in live trading because I live in the States. I will tell you this... from my demo testing results.. some of the one's that can hedge, and can close winning trades before closing losing trades are super profitable. I think the governing bodies, and the elite are probably afraid of this. This would enable all the poor to become rich like them, and maybe they are afraid the system would collapse if everyone was rich. Maybe they are right, I just don't know. This is what i think.
  • #52
  • Jul 30, 2013 1:34am Jul 30, 2013 1:34am
Quoting tdhowl
Hi spufuz, I have not been trading the grid hedging strategy because I reside in the US, and most US brokers are members of NFA, and are regulated not to allow US residents to hedge, or close winning trades before closing losing trades (FIFO) or First In First Out. FXDD may allow this for US residents, but this may only be temporary. I would not get hopes up. So, at this time, I am not putting up a trade explorer to demonstrate a trading strategy I probably won't be able to benefit from in live trading because I live in the States. I will tell you...
Open two accounts and you have your hedge with grid. You started this thread what for ?? You tried to make a system, what for ?? There is no free money in this world. You even didn't try and already gave up.
Even though I walk through the darkest valley, I will fear no evil
  • #53
  • Jul 30, 2013 7:46am Jul 30, 2013 7:46am
Quoting tdhowl
Hi spufuz, I have not been trading the grid hedging strategy because I reside in the US, and most US brokers are members of NFA, and are regulated not to allow US residents to hedge, or close winning trades before closing losing trades (FIFO) or First In First Out. FXDD may allow this for US residents, but this may only be temporary. I would not get hopes up. So, at this time, I am not putting up a trade explorer to demonstrate a trading strategy I probably won't be able to benefit from in live trading because I live in the States. I will tell you...

I agree with Monoocor if you are going to hedge or trade a grid system as a US citizen, just open accounts with two separate brokers, place your buy trades with one and your sell trades with the other.


Good thing the government does not limit each citizen to just one brokerage account, they just cannot monitor that, do not therefor limit yourself to a single broker, maybe it's because you want your trades automated but you can write a buy only script and a different sell only script for the different brokers.

Do not defeat yourself but if not you can simply migrate away from the US entirely.
Let it turn and find your entry.
  • #54
  • Jul 30, 2013 10:55pm Jul 30, 2013 10:55pm
Quoting monocor
{quote} Also you forgot to mention sliperege, fee for every trade
yes a fee but we pay that here in fx called commish and or spread

yes slippage is everywhere. Still never seen any games in stocks or futures maybe you had a bad broker. Who knows.

FX is the wild west but like I said, here we are playing in the sand box.
  • #55
  • Aug 13, 2013 10:42pm Aug 13, 2013 10:42pm
Quoting Karish
{quote} Hey renanc93, sorry for the late respond.., was a bit busy those days, yeah i have my own MT4 setup with the super signal v3, im using stochs too.. slow+fast, and zigzag also and it really helps with the ssv3. im a professional trader and im trading for a living, using m5 charts as standard, (is all about what you prefer and how you see the charts!*) im using 8,2,3 zigzag* + yes the ssv3 is repaints but you will get it if you will use the stoch with it best of luck and thanks for the ind again...
Hi Karish,
Please refer to your conversation in quotes.
I too am interested in trading for a living and would like the action of the 5 to 30 min charts. Being new to forex I believe it will be Scalping?
What is the super signal v3 indicator? Can you or some one attach it for me please.
Further what are the settings for the stochastic?
Looking forward to guidance from the pros.
Regards.
Sachu
  • #56
  • Aug 14, 2013 5:41am Aug 14, 2013 5:41am
Quoting Intrepidpips
{quote} I do believe we can beat them at their own game, get a new broker/dealer and when he won't fill your orders anymore move your account to the next one. Also I don't believe an individual dealer can move the market against you if you are trading with the trend and moving with "smart money" how much will the dealer be willing to risk to go against the tide of current momentum and trigger your stop, it would take a gang up of like 50 broker/dealers. Ask yourself how much of your money is at stake that you should be singled out of all the Forex...

mate...

what kind of moving averages are you using???
Also, is that a stochastic in the bottom???
  • #57
  • Aug 15, 2013 4:37am Aug 15, 2013 4:37am
Hi TD
I have downloaded your grid hedging strategy, but couldn't get it to start placing orders.I followed instructions and changed entry level to 10 pips, and have waited 15 minutes, but nothing is happening.The script is saying .....Opening trades.. In the Experts file the message reads Error 131 invalid trade volume. Do you know how to fix this? I have tried reducing levels but this didn't help.
Respect the inescapable certainity of Math
  • #58
  • Aug 19, 2013 2:16am Aug 19, 2013 2:16am
Quoting sml555
{quote} mate... what kind of moving averages are you using??? Also, is that a stochastic in the bottom???

Check this thread out

http://www.forexfactory.com/showthread.php?t=442268
Let it turn and find your entry.
  • #59
  • Last Post: Aug 27, 2018 8:02am Aug 27, 2018 8:02am
Cycle identifier repaints
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