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Daytrading/scalping with high leverage - my proven strategy

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  • #5,701
  • Aug 21, 2013 4:01am Aug 21, 2013 4:01am
Quoting scalpip
JSF......... Nice trades, perhaps you could post your template and explain a bit about your entry rules? The indi on top of the 10.2 Tma slope looks useful....what is that? Keep up the good work !
It is the BH Ergodic indi, I put two over the TMA slope with different settings (2,10,5) and (10,50,25)

I am still testing it so be careful.
Attached File(s)
File Type: mq4 BH-Ergodic.mq4   6 KB | 717 downloads
When all conditions are met - Enter trade - sit back and FRET !!!
  • #5,702
  • Aug 21, 2013 4:01am Aug 21, 2013 4:01am
Interesting Thred.. have only just stumbled on.. stuff close to my own heart.. look forward to following..
  • #5,703
  • Aug 21, 2013 5:47am Aug 21, 2013 5:47am
JSF.......

Thanks for the indi/settings. Going to demo a bit longer.
  • #5,704
  • Aug 21, 2013 4:09pm Aug 21, 2013 4:09pm
Quoting jsf
{quote} It is the BH Ergodic indi, I put two over the TMA slope with different settings (2,10,5) and (10,50,25) I am still testing it so be careful. {file}
Thanks JSF ,

This is a very good filter and leading indicator even though one may miss some good trades sometimes but it looks like a good filter indicator that will keep one away from bad trades. It also looks promising as a leading indicator when the cross of the 2 settings (the default & the 2nd setting you gave, multiplying the default by 5) are used together. Just tried it with a combination of other indicators and took quick 7 & 8 pips on NU & AU after a 16 pip loss on GU.

Shalom

George
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU Long Trade - 8212013.gif Size: 93 KB
Click to Enlarge Name: AU Short Trade - 8212013.gif Size: 78 KB
Click to Enlarge Name: NU Short Trade - 8212013.gif Size: 73 KB
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  • #5,705
  • Aug 21, 2013 4:52pm Aug 21, 2013 4:52pm
Another example of using the BH Ergodic indy as a leading indicator but will use in combination with one or two other indicators

Shalom
Attached Image (click to enlarge)
Click to Enlarge Name: EA Long Trade Setup - 8212013.gif Size: 80 KB
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  • #5,706
  • Aug 21, 2013 6:10pm Aug 21, 2013 6:10pm
Hi JSF & George,

Thanks for the indicator.
Any idea why mine looks so different? I used the standard settings. The lines are close together like a stoch indi. I tried it on 2 brokers with the same results and tried zooming in with chart but nothing even close to your lines.

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm5.png Size: 44 KB
  • #5,707
  • Aug 22, 2013 3:30am Aug 22, 2013 3:30am
Quoting srt
Hi JSF & George, Thanks for the indicator. Any idea why mine looks so different? I used the standard settings. The lines are close together like a stoch indi. I tried it on 2 brokers with the same results and tried zooming in with chart but nothing even close to your lines.

You should add 2 indicators to the same chart as per JSF's post above.

Add a 2nd indi to your chart but place it on top of the first 1
(drag it from your custom indicator's list and drop it on top of the 1st indi)
pick settings 10,50,25 for the 2nd indi

Edit the colors of each indi
there are 2 color options, you only keep the top color
and pick None for the bottom color

pick green and thicker line for the first indi
and red and thicker line for the 2nd indi
Have a nice day
  • #5,708
  • Aug 22, 2013 4:48am Aug 22, 2013 4:48am
USD/JPY TMA H1 beyond ichi cloud))

Trade safe.
Attached Image (click to enlarge)
Click to Enlarge Name: TMA H1 beyound the ichi cloud.PNG Size: 78 KB
Success is nothing more than a few simple disciplines, practiced every day.
  • #5,709
  • Aug 22, 2013 6:30am Aug 22, 2013 6:30am
Quoting billv
{quote} You should add 2 indicators to the same chart as per JSF's post above. Add a 2nd indi to your chart but place it on top of the first 1 (drag it from your custom indicator's list and drop it on top of the 1st indi) pick settings 10,50,25 for the 2nd indi Edit the colors of each indi there are 2 color options, you only keep the top color and pick None for the bottom color pick green and thicker line for the first indi and red and thicker line for the 2nd indi
Thanks!

  • #5,710
  • Aug 22, 2013 7:48am Aug 22, 2013 7:48am
Hi George

Glad you find the BH useful, but like all indis it is useless when price is ranging, trade well !
When all conditions are met - Enter trade - sit back and FRET !!!
  • #5,711
  • Aug 22, 2013 9:22am Aug 22, 2013 9:22am
Please can I get a script or EA that automatically places my SL and TP at the same time as entry?
Market moves so fast at times, I cant even get to key in stops and take profits manually when scalping.
Thanks
  • #5,712
  • Aug 22, 2013 10:30am Aug 22, 2013 10:30am
Quoting jsf
{quote} It is the BH Ergodic indi, I put two over the TMA slope with different settings (2,10,5) and (10,50,25) I am still testing it so be careful. {file}
If you put the two indicators together they will repaint. You can not use the crossing. The value remains the same but after some time you get another crossing. Has to do with the scaling I think.
  • #5,713
  • Aug 22, 2013 10:47am Aug 22, 2013 10:47am
Quoting jsf
Hi George Glad you find the BH useful, but like all indis it is useless when price is ranging, trade well !
Yes it is useless in a ranging market, and that't why we must have different strategies for different market behaviours. No indicator should ever be used alone; it is a combination of 2 or more indicators that I think works well.

Thanks again
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  • #5,714
  • Aug 22, 2013 10:48am Aug 22, 2013 10:48am
Quoting nadar
{quote} If you put the two indicators together they will repaint. You can not use the crossing. The value remains the same but after some time you get another crossing. Has to do with the scaling I think.
Thanks Nadar; we're still testing
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  • #5,715
  • Aug 22, 2013 10:52am Aug 22, 2013 10:52am
Quoting srt
Hi JSF & George, Thanks for the indicator. Any idea why mine looks so different? I used the standard settings. The lines are close together like a stoch indi. I tried it on 2 brokers with the same results and tried zooming in with chart but nothing even close to your lines. Thanks {image}
SRT:

Sorry I could respond earlier as I sleep throughout the last 2 sessions after putting some pending trades on the demo account. Trust Billy's explanation has done the trick.

Take care

Shalom
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  • #5,716
  • Aug 22, 2013 12:33pm Aug 22, 2013 12:33pm
Quoting 919gilead
{quote} SRT: Sorry I could respond earlier as I sleep throughout the last 2 sessions after putting some pending trades on the demo account. Trust Billy's explanation has done the trick. Take care Shalom

nice trading 919gilead Are you using a EA on your trade? just wondering If you could post the Indicator and templates your using PLS.....
im just wondering what is your Sl and TP for every trade you take? and last how long you been trading like this?


thnx in advance
  • #5,717
  • Aug 22, 2013 12:38pm Aug 22, 2013 12:38pm
Quoting bose3
Hello, I would like to share my results about this strategy. So far I had really good success and I would like to thank Fav, DNA and Igor for posting this. I have slightly modified the entry criteria but the core indicators are the same. I use only 2 indicators (TMA 5 and Kijun-Sen). As with all the scalpers, broker choice with super low spread, no slippage and the ability to modify the order (within 10 pips of market) is a must. First I tried with Pepperstone but it didn't generate impressive results but as soon as I changed broker to ICM, the...

Bose3 nice statement you got can you keep us update your progress If you dont mind can you post your indi and templates
PLS..your using thnx
  • #5,718
  • Aug 22, 2013 3:12pm Aug 22, 2013 3:12pm
Quoting 919gilead
{quote} 12/144 (M5 & H1 12 EMA)
Then the red MA is 144 (correct?), and the thin greenish is 12 EMA. Why 144? Is 144 simple or exponential?

Sorry if you find me too excting and meticulous, Thank you
  • #5,719
  • Aug 22, 2013 3:14pm Aug 22, 2013 3:14pm
Quoting MidnightRun
{quote} Then the red MA is 144 (correct?), and the thin greenish is 12 EMA. Why 144? Is 144 simple or exponential? Sorry if you find me too excting and meticulous, Thank you
It's 144 exponential and on the 5 min TF it's the 1 hour 12 EMA
  • #5,720
  • Aug 22, 2013 6:29pm Aug 22, 2013 6:29pm
Long AU
Attached Image (click to enlarge)
Click to Enlarge Name: AU Long Trade - 8222013.gif Size: 76 KB
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