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Daytrading/scalping with high leverage - my proven strategy

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  • #6,141
  • Sep 28, 2013 2:53am Sep 28, 2013 2:53am
I see, you plot 3 BHE which color should I change?
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  • #6,142
  • Sep 28, 2013 2:58am Sep 28, 2013 2:58am
Quoting maflip
{quote} It looks like stochastics... Is this the right indicator and setting? 2,10,5? {image}
No these are not the right settings, I am using 3 BHE lines with settings 3,5,8----8,21,13---10,50,25 in a single window, now have a look on below chart, faster BHE line crossing medium and medium crossing slower, TMA1 is over TMA5, also price touching TMA60 and at Day pivot, 3 level zz semafor appread, its now considered as A++ trade setup.
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  • #6,143
  • Sep 28, 2013 3:01am Sep 28, 2013 3:01am
Quoting pundit78
{quote} No these are not the right settings, I am using 3 BHE lines with settings 3,5,8----8,21,13---10,50,25 in a single window, now have a look on below chart, faster BHE line crossing medium and medium crossing slower, TMA1 is over TMA5, also price touching TMA60 and at Day pivot, 3 level zz semafor appread, its now considered as A++ trade setup. {image}
I see got it, where can I get that 3 level zz semafor spread?
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  • #6,144
  • Sep 28, 2013 3:03am Sep 28, 2013 3:03am
Quoting maflip
I see, you plot 3 BHE which color should I change? {image}
Change the first colour as per your choice and and select no colour for the second, now drag another BHE to the same the window do not attach it to chart by double clicking the indicator else it would go into separate window, chose colour option as per your choice
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  • #6,145
  • Sep 28, 2013 3:04am Sep 28, 2013 3:04am
Quoting maflip
{quote} I see got it, where can I get that 3 level zz semafor spread? {image}
here it is.
Attached File(s)
File Type: ex4 3_Level_ZZ_Semafor.ex4   43 KB | 379 downloads
File Type: mq4 3_Level_ZZ_Semafor.mq4   8 KB | 398 downloads
  • #6,146
  • Sep 28, 2013 3:05am Sep 28, 2013 3:05am
Quoting pundit78
{quote} here it is. {file} {file}
Thanks
  • #6,147
  • Sep 28, 2013 3:06am Sep 28, 2013 3:06am
just test it on 1 min TF, I may not test ichimoku soon as schedule is too busy.
  • #6,148
  • Sep 28, 2013 3:07am Sep 28, 2013 3:07am
Quoting pundit78
just test it on 1 min TF, I may not test ichimoku soon as schedule is too busy.
Ok
  • #6,149
  • Sep 28, 2013 3:09am Sep 28, 2013 3:09am
Quoting pundit78
just test it on 1 min TF, I may not test ichimoku soon as schedule is too busy.
wow this semafor spread is awesome. What's the logic of this? What is number 3? It's a good filter of which trade to take. I'm definitely adding semafor to my chart.
  • #6,150
  • Sep 28, 2013 3:09am Sep 28, 2013 3:09am
Quoting maflip
{quote} Thanks
Pls take care as this indicator repaints, it is better if 3level zz semafor appears at or above TMA5 and pivot line or support or resistance line is there, setup is more powerful if it is near to TMA60.
  • #6,151
  • Sep 28, 2013 3:12am Sep 28, 2013 3:12am
Quoting pundit78
{quote} Pls take care as this indicator repaints, it is better if 3level zz semafor appears at or above TMA5 and pivot line or support or resistance line is there, setup is more powerful if it is near to TMA60.
Ok thanks
  • #6,152
  • Sep 28, 2013 3:12am Sep 28, 2013 3:12am
Quoting maflip
{quote} wow this semafor spread is awesome. What's the logic of this? What is number 3? It's a good filter of which trade to take. I'm definitely adding semafor to my chart.

price is more likely to be reversed if number 3 appears but as I said it repaints means number 3 appears and price goes higher number will shift to the peak so its better to use this indicator with support/resistance/pivot and TMA boundaries.
  • #6,153
  • Sep 28, 2013 3:16am Sep 28, 2013 3:16am
Quoting pundit78
{quote} price is more likely to be reversed if number 3 appears but as I said it repaints means number 3 appears and price goes higher number will shift to the peak so its better to use this indicator with support/resistance/pivot and TMA boundaries.
Oh i see, that's not good then. It's one of those, it looks good only after the fact indicator.
  • #6,154
  • Sep 28, 2013 3:19am Sep 28, 2013 3:19am
Quoting pundit78
{quote} price is more likely to be reversed if number 3 appears but as I said it repaints means number 3 appears and price goes higher number will shift to the peak so its better to use this indicator with support/resistance/pivot and TMA boundaries.
I'm like, dang number 3 appears exactly at the peak. Too good to be true then, since it repaints.
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  • #6,155
  • Edited 3:47am Sep 28, 2013 3:20am | Edited 3:47am
Quoting maflip
{quote} Oh i see, that's not good then. It's one of those, it looks good only after the fact indicator.
No indicator should be trusted individually, there should be confluence of atleast 2-3 indicators.
  • #6,156
  • Sep 28, 2013 10:17am Sep 28, 2013 10:17am
Quoting maflip
I took a quick look at it, I like Ichimoku better. Looks like BHE has too many stop out, no wonder you automate it without SL. Chinkou's Ichimoku it's valid only if it's below price and below Tenkan, I did a quick look and compare, it's safer to do the Ichimoku rule. But this is by rummaging a quick look at the chart. Will await your results. Summary: BHE enters earlier but more stop out. Ichimoku enters later but less stop out and more wins.
Congratulations for your results and for your progress!
You have many posts, can you describe your strategy or can you give us some links if you describe it in the past?
  • #6,157
  • Sep 28, 2013 5:40pm Sep 28, 2013 5:40pm
Quoting Flaviu1981
{quote} Congratulations for your results and for your progress! You have many posts, can you describe your strategy or can you give us some links if you describe it in the past?
I posted a brief explanation here somewhere, then I made several posts afterwards, there's even an old template I use. Too far for me to look back to find it now. Your gonna have to look for it and scroll back. As you know, I'm not a full mechanical trader, so there's several things I look at to validate a trade, like the bigger time frame, the other pairs movement, etc. Too long to list, and I'm lazy to write them all. I hate essays and doing a long explanation on how I do things is going to be like an essay for me. But, my entry rule is all the same, and it's chinkou vs tenkan cross, and tenkan vs kijun cross. If you read my discussion with pundit78, I also like tma m1/m5 with my chinkou entry.


  • #6,158
  • Sep 28, 2013 5:45pm Sep 28, 2013 5:45pm
Quoting pundit78
{quote} Thats nice you learnt so quick , I am trading forex since Jan 2012 but studying tech analysis since 2010.
Are you still looking for a broker with tight spread? I found one and I might open a small account there. Eur spread is as small as .3 pips, that's nice and minimum deposit is $100. Based on their website they are also regulated broker.

Go to fxchoice . com
  • #6,159
  • Sep 28, 2013 9:57pm Sep 28, 2013 9:57pm
Quoting maflip
{quote} Are you still
looking for a broker with tight spread? I found one and I might open a
small account there. Eur spread is as small as .3 pips, that's nice and
minimum deposit is $100. Based on their website they are also regulated
broker. Go to fxchoice . com
ok will try it.
  • #6,160
  • Sep 29, 2013 2:27am Sep 29, 2013 2:27am
What do you say by this broker?! http://www.armadamarkets.com/
They have low spreads!
I work with them from last year and I'm satisfied.
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