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EPD HFT Scalping system

  • #21
  • Sep 22, 2012 4:47pm Sep 22, 2012 4:47pm
Hy guys, I like this strategy and I agree an extra time frame filter might be good. I used this TMS. Osc. Hist 1,5,15 TF as a filter to weed out the bad trades and I think it helps. Less trades but better quality. Only trade when all blue or all red. Will demo this come monday and see how it goes.
Attached Image (click to enlarge)
Click to Enlarge Name: edp scalping with tms 3tf hist..gif Size: 58 KB
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File Type: ex4 TMS-Osc Histo 3TF v1.02.ex4   15 KB | 1,309 downloads
  • #22
  • Sep 22, 2012 6:50pm Sep 22, 2012 6:50pm
tms repaints?




Quoting jeffm
Hy guys, I like this strategy and I agree an extra time frame filter might be good. I used this TMS. Osc. Hist 1,5,15 TF as a filter to weed out the bad trades and I think it helps. Less trades but better quality. Only trade when all blue or all red. Will demo this come monday and see how it goes.
  • #23
  • Sep 22, 2012 7:04pm Sep 22, 2012 7:04pm
Interesting, but when you post a chart showingyour trade, include your entry and exit. Just saying win or lost doesn't show details all the time.
  • #24
  • Sep 22, 2012 7:33pm Sep 22, 2012 7:33pm
Quoting Paludo
tms repaints?
Like any MTF indicator ... and this is normal until the higher TF candle is closed.

Example a M15 TF plotted on M1 will repaint up to 15 candles.
MT4/MT5 EAs/Indicators/Alerts coder
  • #25
  • Sep 22, 2012 7:48pm Sep 22, 2012 7:48pm
thanks...so we cant backtest this system, right?



Quoting FerruFx
Like any MTF indicator ... and this is normal until the higher TF candle is closed.

Example a M15 TF plotted on M1 will repaint up to 15 candles.
  • #26
  • Sep 22, 2012 8:07pm Sep 22, 2012 8:07pm
Quoting Paludo
thanks...so we cant backtest this system, right?
It can be backtested, but if you use a 5M TMS on a 1M chart then you can only validate a signal after 6 or more bars of the same colour. For example, if the TMS changes from red to blue, you should only take this as a buy signal after at least 5 blue TMS bars. After a 5M candle has closed then an MTF indicator should not change colour, but it can change colour during that 5M period.

As FerruFX posted, all MTF indicators perform in exactly the same way, they're useful in realtime but in backtesting you have to take account of how many bars may have "repainted" i.e. 5 bars if TMS is set to 5M, 15 bars if TMS is set to 15M.

In jeffm's example chart, the first 2 signals are valid.

The third one isn't valid as there aren't 15 blue bars in the 15M TMS at this point in time.

Signals 4 and 5 are valid.

Signal 6 isn't valid as there aren't 15 red bars in the 15M TMS at this point in time.

Signal 7 isn't valid as there aren't 15 blue bars in the 15M TMS at this point in time.

Signal 8 isn't valid as there aren't 5 blue bars in the 5M TMS at this point in time.

Signal 9 isn't valid as there aren't 5 red bars in the 5M TMS at this point in time nor are there 15 red bars in the 15M TMS at this point in time.

Signal 10 isn't valid as there aren't 5 red bars in the 5M TMS at this point in time.

It can be backtested, but in this example there are only 4 valid signals, not 10
  • #27
  • Sep 22, 2012 9:27pm Sep 22, 2012 9:27pm
in one of the rules for a buy u said
watch timer, is it less then 3 sec until close then enter
pls can some pls explain that i dont understand
  • #28
  • Sep 22, 2012 10:10pm Sep 22, 2012 10:10pm
Quoting cku
in one of the rules for a buy u said
watch timer, is it less then 3 sec until close then enter
pls can some pls explain that i dont understand
On a 1min timeframe, when the rules meet and the candle is about 57 sec (3sec left), enter the trade.
MT4/MT5 EAs/Indicators/Alerts coder
  • #29
  • Sep 23, 2012 12:22am Sep 23, 2012 12:22am
tnx FerruFz
  • #30
  • Sep 23, 2012 2:13am Sep 23, 2012 2:13am
Thanks AndyB and Ferrufx, i should have thought about that but am not as experienced as you guys. It still looks good though even without the TMS so will demo and see how it goes.
  • #31
  • Sep 23, 2012 2:15am Sep 23, 2012 2:15am
Quoting wellbe
Interesting, but when you post a chart showingyour trade, include your entry and exit. Just saying win or lost doesn't show details all the time.

Yes good idea
  • #32
  • Sep 23, 2012 3:22am Sep 23, 2012 3:22am
You chart 1st post only shows entry when cci histo changes colour. Never if cci histo stays red for example and HA candles change red, blue and back to red. You never re-enter move unless cci histo changes?

Just checking.

Cheers.
  • #33
  • Sep 23, 2012 3:39am Sep 23, 2012 3:39am
Hi all,

this system is quite good with set ups
but do not take them all, look only for one direction and use the 1hr and 15 minutes as the trend,
both HA blue, trade long on the 1 minute ,
vice versca for short.

make sure that the CCI 45 is < or> then 0

Dutch
  • #34
  • Sep 23, 2012 4:49am Sep 23, 2012 4:49am
Quoting ErikD
EPD HFT Scalping system

Greeting fellow traders my name is ErikD and this is the system I use when trading in the FXmarket

Im not the best at english so apologize if the text might be confusing at times

I trade this system in a mechanical fashion and so far it has been working out great. System do generate alot of trades (I avrage about 3 trades an hour) so if you are one of those who panic with a few losses before win....this is not for you

General guidelines

Pair: Any pair with low spread

Timefram: 1min chart (I have tried this...

Hi

On your chart you have taken the trades only where CCI has turned blue(from red) or turned red (from blue) and have ignored the losing trades in between, so which of the following is correct:

CCI histo must be blue
OR
CCI histo must turn blue (from red)

Thank you
Regards
  • #35
  • Sep 24, 2012 3:12am Sep 24, 2012 3:12am
this is very good system, but a good knowledge of price action will make it a great tool, for those trying to add tweaks and confirmation i will say u are still trying to find perfection in a market with an uncertain characteristics, thanks for sharing.
  • #36
  • Sep 24, 2012 9:52am Sep 24, 2012 9:52am
strategy looks great, i'll give it a try on demo.

I need a quick scalping strategy to fit in with my work, id be trading between 6:00gmt and 10:00gmt

Maybe add a 34sma and wait for HA and Candles to break for a more solid confirmation.
  • #37
  • Sep 16, 2013 10:27am Sep 16, 2013 10:27am
Quoting roreki
Could you please make a Template for this system ?

Could you please make a fully automated expert advisor of this system?
  • #38
  • Sep 27, 2013 6:50pm Sep 27, 2013 6:50pm
so another one bites the dust ? no longer working i guess......hence thread starter nowhere around.,
  • #39
  • Sep 28, 2013 9:34am Sep 28, 2013 9:34am
The custom cci posted by Erik repaints heavily on the 1 min tf be careful. U may get a valid signal where both ccI and candle colour ate the same but 2-3 mins after the colours change back to what they were. I therefore cannot see this working. Also where is the zero line on this ccI Indi ? Does anyone know the settings on both ccI and HA candles?
  • #40
  • Oct 1, 2013 8:43am Oct 1, 2013 8:43am
Quoting whatfx
The custom cci posted by Erik repaints heavily on the 1 min tf be careful. U may get a valid signal where both ccI and candle colour ate the same but 2-3 mins after the colours change back to what they were. I therefore cannot see this working. Also where is the zero line on this ccI Indi ? Does anyone know the settings on both ccI and HA candles?
Do you know of any MTF CCI Histogram indicators that don't repaint? Or something of the sort.
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