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Daytrading/scalping with high leverage - my proven strategy

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  • #5,721
  • Aug 22, 2013 6:35pm Aug 22, 2013 6:35pm
Quoting FXTriumph
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
I've attached 2 scripts I use to buy/sell at market. Just drag & drop on chart & will buy/sell at market with a preset SL & TP.
The scripts are default set to 10 pips SL, 15 pips TP & will buy/sell .01 lots. To change the default settings, use the navigator to change the settings then compile.
Attached File(s)
File Type: mq4 MyBuy.mq4   < 1 KB | 582 downloads
File Type: mq4 MySell.mq4   < 1 KB | 506 downloads
  • #5,722
  • Edited 6:52pm Aug 22, 2013 6:37pm | Edited 6:52pm
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
Good response from Dustin, and in addition, it is the average trend of the day (1 x 12). Watch price action around the 12MA on a good trending pair, and you will see what I mean. This is why I either trade the M5 or H1 but entering at the same price reaction level (MA 144 on M5 and 12MA on H1) on either chart. I will use this MA in conjunction with Stochastic when price is retracing, say in an uptrend - wait for Stochastic pullback to OS level or the mid point (50 level) and resumption to coincide with price bouncing off the 12MA

Shalom
Low Risk Low Stress High Reward High Probability Trades
  • #5,723
  • Aug 22, 2013 6:51pm Aug 22, 2013 6:51pm
Quoting Forexbuster
{quote} 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

No I'm not using any EA, and all the indicators are already posted in this thread. Just look @ the names of the indicators and search for them on this thread and you're good to go. I use the RSI Candle instead of the normal candle; MA Ribbon (for MAs) and also use H4 Hi Low and H1 Hi Low to identify H4 and H1 candles on the M5 TF, and those are the only indicators you will probably find on my chart without their names. The BH Ergodic indy is a new one on the thread that JSF just posted and I'm just testing this. SL is between 10 - 30 pips, and TP is also btw 10 - 30+ pips. How long? Less than 8 months.

Shalom
Low Risk Low Stress High Reward High Probability Trades
  • #5,724
  • Aug 22, 2013 6:55pm Aug 22, 2013 6:55pm
Quoting 919gilead
Long AU {image}
Out with 5 pips, and waiting to see whether price will bounce off the H1 12MA for a re-entry
Low Risk Low Stress High Reward High Probability Trades
  • #5,725
  • Aug 23, 2013 12:36am Aug 23, 2013 12:36am
Quoting 919gilead
{quote} Out with 5 pips, and waiting to see whether price will bounce off the H1 12MA for a re-entry

is it possible to see your statement?
  • #5,726
  • Aug 23, 2013 1:16am Aug 23, 2013 1:16am
Quoting Forexbuster
{quote} is it possible to see your statement?
Why would you want to see my statement? I am not selling anything and neither am I trying to prove anything to anybody

If you want to see the closed trade, here is it below and you can see the statements (post 608 & post 611) I posted here before and this was just to tell those who were arguing then that trading the M1 TF and taking little pips here and there was possible and profitable.
Attached Image (click to enlarge)
Click to Enlarge Name: AU Long Trade 1b - 8222013.gif Size: 73 KB
Low Risk Low Stress High Reward High Probability Trades
  • #5,727
  • Aug 23, 2013 1:28am Aug 23, 2013 1:28am
please can someone put me up to speed here ?
  • #5,728
  • Aug 23, 2013 1:59am Aug 23, 2013 1:59am
buying at this price 1.3341 tp 10 pips

Attached Image (click to enlarge)
Click to Enlarge Name: laverage.png Size: 51 KB
  • #5,729
  • Aug 23, 2013 2:54am Aug 23, 2013 2:54am
Quoting Forexbuster
buying at this price 1.3341 tp 10 pips {image}
Sold @ 3341 on bounce off the MA Channel and close below the DPV with 8 pip SL. It could go either way but I will sell under the MA Channel for now
Attached Image (click to enlarge)
Click to Enlarge Name: EU Short Trade 1a - 8232013.gif Size: 69 KB
Low Risk Low Stress High Reward High Probability Trades
  • #5,730
  • Aug 23, 2013 3:15am Aug 23, 2013 3:15am
Quoting srt
{quote} I've attached 2 scripts I use to buy/sell at market. Just drag & drop on chart & will buy/sell at market with a preset SL & TP. The scripts are default set to 10 pips SL, 15 pips TP & will buy/sell .01 lots. To change the default settings, use the navigator to change the settings then compile. {file} {file}


Thank you very much.
  • #5,731
  • Aug 24, 2013 2:01pm Aug 24, 2013 2:01pm
Quoting srt
{quote} I've attached 2 scripts I use to buy/sell at market. Just drag & drop on chart & will buy/sell at market with a preset SL & TP. The scripts are default set to 10 pips SL, 15 pips TP & will buy/sell .01 lots. To change the default settings, use the navigator to change the settings then compile. {file} {file}

Should the scripts be placed in the scripts folder?

Thanks
  • #5,732
  • Aug 24, 2013 3:12pm Aug 24, 2013 3:12pm
Quoting MidnightRun
{quote} Should the scripts be placed in the scripts folder? Thanks
Yes, put in the scripts folder. Then you can right-click the script & add it to "favorites" so all your trading scripts are in a separate location so you don't need the "scripts" column open all the time. You can also set a "hot-key" for each script so you can just click "Ctrl-B" for Buy & "Ctrl-S" for sell. I don't use hot-keys so just drag & drop on the chart. I've also set it so it bypasses the trade approval pop-up window so the execution happens as soon as I drop on the chart.
  • #5,733
  • Aug 24, 2013 3:34pm Aug 24, 2013 3:34pm
Hello Dear FF Community,

I'm in the quest of setting-up "auto-pilot" on my trading account.
I've recently heard about a pack (cost $6,9995, $1000 upfront+12 monthly payments) supposed to fill the orders in an automated way, with a supposedly acceptable expected return. (sorry no figures yet)

I need testimonials of you, the community, seasoned traders, rookies, anyone who has already tried this or has currently already on-boarded the system, or is thinking about taking the step.

Has anyone here already heard about this pack ?

Name: the "Ultimate Traders Package on Demand" (UTPOD)
Promoting entity: Market Traders Institute, Inc. (MTI) (http://www.markettraders.com)
Selling entity: Next Step Financial Holdings inc. (http://www.nextstepfinancialholdings.com)
Product: Ultimate Traders Package on Demand (UTPOD).

The UTPOD is supposed to enable traders to utilize automated trading systems.
Since I know that already back in the 80's Goldman Sachs was the first to fire its whole floor of FX traders to implement automatic trading systems, I'd like to give an edge into as well, now that the technology seems to come down to retails. (and anyway, auto-bucks overnight while sleeping never hurt, at least as long more gains than losses)

If anyone have heard about this particular system / company, please let me know.
Write here and I'll follow-up from my notification tracker.

Off course if I take the steps with this pack I'll update here as well.

Many thanks to all for your kind input.
:nerd:
  • #5,734
  • Aug 25, 2013 1:53am Aug 25, 2013 1:53am
PLEASE can anyone please show the pictures or the typed instructions for make hot keys with it PLEASE regards THX!!!!!

is there pdf?
  • #5,735
  • Aug 25, 2013 1:58am Aug 25, 2013 1:58am
PLEASE also what is BEST pair to use and BEST time
would the BEGINNING of session be BEST and buy on PULLBACK
  • #5,736
  • Aug 25, 2013 9:41am Aug 25, 2013 9:41am
Quoting FXTriumph
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

Navigators, always set SL before.

Example, will want to be out here.
Attached Image (click to enlarge)
Click to Enlarge Name: Capturagbpusd.PNG Size: 35 KB
you is your system, your system is you.
  • #5,737
  • Aug 25, 2013 7:19pm Aug 25, 2013 7:19pm
Quoting MT4Pro001
PLEASE can anyone please show the pictures or the typed instructions for make hot keys with it PLEASE regards THX!!!!! is there pdf?
Under the "Navigator" column(left of chart window), >>scripts>>move curser over script you want to set a "hot key">>right click>>set hot key>>choose "Alt" or "Ctrl" key for 1st column then pick a letter or number for 2nd column>>then click "Set"
  • #5,738
  • Aug 26, 2013 6:02am Aug 26, 2013 6:02am
Hi guys Are there any alerts that would alert when the price has crossed the tma1 line?
Enter Signature
  • #5,739
  • Aug 26, 2013 8:48am Aug 26, 2013 8:48am
UJ - TMA M1 over TMA M5/M15.
Attached Image (click to enlarge)
Click to Enlarge Name: uj 8.26.13.png Size: 66 KB
Small disciplines repeated with consistency lead to great achievements.
  • #5,740
  • Aug 27, 2013 1:09am Aug 27, 2013 1:09am
Quoting jmflukeiii
UJ - TMA M1 over TMA M5/M15. {image}
Hi jmflukeiii,everything is great,but anyway in your place I wouldn't take such kind of dubious counter trend positions,in fact previous downtrend was really strong.

Take care.
David.
Success is nothing more than a few simple disciplines, practiced every day.
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