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Daytrading/scalping with high leverage - my proven strategy

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  • #6,321
  • Oct 4, 2013 3:59am Oct 4, 2013 3:59am
Quoting balance001
Hi, All ! I am newbie here. Where can I find this template wiht indicators? Thanks.
In the paperclip sign on the top right...
  • #6,322
  • Oct 4, 2013 4:05am Oct 4, 2013 4:05am
I am sorry... where is it?
  • #6,323
  • Oct 4, 2013 5:30am Oct 4, 2013 5:30am
I think I've grown some beard watching this. I've let it go with +0.4 pips. I give up, I think it will be the year 2020 and this thing is still not going to move.
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  • #6,324
  • Oct 4, 2013 8:35am Oct 4, 2013 8:35am
Maflip, you've been trading this system for a while, what win rate would you say you have on average? Of course this changes from time to time (rules, market volatility, news), but what is a win rate you are comfortable with and one you can achieve on average?
  • #6,325
  • Oct 4, 2013 3:15pm Oct 4, 2013 3:15pm
OK I can not belive I did this but I went through the whole post.... Really amazing how much effort some people invested helping others

While scrolling theough posts I took several trades using the original Babon templated and actualy had only one loss out of 10+ and couple of BE exits.

Looking forvard to the next week when I am sure I will be making all possible mistakes once I try to use this approach

Everyone have a great weekend...
  • #6,326
  • Oct 4, 2013 3:21pm Oct 4, 2013 3:21pm
Quoting balance001
Hi, All ! I am newbie here. Where can I find this template wiht indicators? Thanks.
I just went though the posts and there are different templates being used. However there are the original Babon A and B templates made by FAV posted on the first page... Also there are some other templates posted there and I will try to figure out the most convenient conmbination for me as well over the wekend....

Here are couple of template related links that might save you some time

http://www.forexfactory.com/showthre...14566&page=313

http://www.forexfactory.com/showthre...14566&page=272
  • #6,327
  • Edited 4:11pm Oct 4, 2013 3:48pm | Edited 4:11pm
Quoting peterwest
Maflip, you've been trading this system for a while, what win rate would you say you have on average? Of course this changes from time to time (rules, market volatility, news), but what is a win rate you are comfortable with and one you can achieve on average?
If you trade it by itself, maybe the win rate is 45% - 50%. If with the filter maybe 60% win rate. If filtered with my brain and the rest of the tools I use maybe 80% and higher win rate. You've seen my posts and statement, how often do I loose? And the posts is real time not some after the fact. So the trader is really what makes it a winner not the system. Notice, even the trade on NU I opened last night even it took so long it would have been a winner if I stuck with it.

I don't have this automated so I can't give you an exact data.
  • #6,328
  • Oct 4, 2013 3:51pm Oct 4, 2013 3:51pm
Quoting peterwest
Maflip, you've been trading this system for a while, what win rate would you say you have on average? Of course this changes from time to time (rules, market volatility, news), but what is a win rate you are comfortable with and one you can achieve on average?
Knowing when to use it is the key. You're brain is the best indicator.
  • #6,329
  • Oct 4, 2013 3:54pm Oct 4, 2013 3:54pm
Quoting ZoranB
OK I can not belive I did this but I went through the whole post.... Really amazing how much effort some people invested helping others While scrolling theough posts I took several trades using the original Babon templated and actualy had only one loss out of 10+ and couple of BE exits. Looking forvard to the next week when I am sure I will be making all possible mistakes once I try to use this approach Everyone have a great weekend...
Good, this is why I tell everybody to read favorite's pdf that is the foundation of this thread even when there's multiple variations.

  • #6,330
  • Oct 4, 2013 4:28pm Oct 4, 2013 4:28pm
Quoting peterwest
Maflip, you've been trading this system for a while, what win rate would you say you have on average? Of course this changes from time to time (rules, market volatility, news), but what is a win rate you are comfortable with and one you can achieve on average?
Next week I got 3 late semester classes starting so I might post less.
  • #6,331
  • Oct 4, 2013 4:51pm Oct 4, 2013 4:51pm
Quoting maflip
{quote} Good, this is why I tell everybody to read favorite's pdf that is the foundation of this thread even when there's multiple variations.

Yes that is definatelly the foundation....

After reviewing the whole thread I have couple of suggestions
- It would also be good to have DNA update the first page with a link to the last post before FAV left - It was couple of weeks after the last update on the first page and that post contains the last and updated templates FAV used...
Here is the link: http://www.forexfactory.com/showthre...87#post6642987

- Also, considering that the system has evolved over time (looks to me mostly with improvements on filtering) have someone experienced with the approach (maflip, condor, jmflukeiii, dna, 919...,...) make a post explaining the full approach for filtering and what indicators to use under what conditions... There was quite a bit discussion about filtering but while FAV left a clear rule based entry and exit legacy, evolution of the approach is not that easy to grasp...

Once again great work everyone!!!
  • #6,332
  • Oct 5, 2013 5:56pm Oct 5, 2013 5:56pm
Quoting maflip
{quote} Knowing when to use it is the key. You're brain is the best indicator.
I agree. That takes practice and confidence in yourself

Antoher question, on M15 tf, you look for all kind of price action signals, or just tenkan kinjou and chinkou tenkan crosses?
  • #6,333
  • Oct 6, 2013 8:09pm Oct 6, 2013 8:09pm
My first trade on 15 min following Tenkan, Kinjun and Chinkou cross.

Entry --- 131.84

SL --- 132.1

TP -- Not adjusted yet
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  • #6,334
  • Oct 6, 2013 9:45pm Oct 6, 2013 9:45pm
Quoting pundit78
My first trade on 15 min following Tenkan, Kinjun and Chinkou cross. Entry --- 131.84 SL --- 132.1 TP -- Not adjusted yet {image}
TP set to --- 131.37
  • #6,335
  • Oct 7, 2013 12:20am Oct 7, 2013 12:20am
Closed -1.5 as BHE red line crossed blue line.
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  • #6,336
  • Oct 7, 2013 6:34am Oct 7, 2013 6:34am
Like look of your screen...
I was under impression this approach is traded on 1M timeframe. How do you get big picture on 15M? Is it still on 1H chart?

Would you mind explaining indicators on your screen and sharing template and indis. Thanks....
  • #6,337
  • Oct 7, 2013 6:36am Oct 7, 2013 6:36am
[Like look of your screen...I was under impression this approach is traded on 1M timeframe. How do you get big picture on 15M? Is it still on 1H chart?Would you mind explaining indicators on your screen and sharing template and indis. Thanks....quote=pundit78;7009553]Closed -1.5 as BHE red line crossed blue line. {image}[/quote]
  • #6,338
  • Oct 7, 2013 12:32pm Oct 7, 2013 12:32pm
Quoting ZoranB
[Like look of your screen...I was under impression this approach is traded on 1M timeframe. How do you get big picture on 15M? Is it still on 1H chart?Would you mind explaining indicators on your screen and sharing template and indis. Thanks....quote=pundit78;7009553]Closed -1.5 as BHE red line crossed blue line. {image}
I trade it on 1 min, just testing on 15 min and hopefully will get good results, in my last trade it went up to 24 pips positive but I did not closed the trade, and later on the day it also hit my TP on 131.37 but I had closed the trade ealier.

here are the indicators and template I use.
Attached File(s)
File Type: rar TMA with MAflip.rar   43 KB | 524 downloads
  • #6,339
  • Oct 7, 2013 7:28pm Oct 7, 2013 7:28pm
Quoting pundit78
{quote} I trade it on 1 min, just testing on 15 min and hopefully will get good results, in my last trade it went up to 24 pips positive but I did not closed the trade, and later on the day it also hit my TP on 131.37 but I had closed the trade ealier. here are the indicators and template I use. {file}
Thanks a lot!!!

When I look to find entry I have hard time finding situations where the price is at least 10 pips from yellow lines since there is recommendation not to take a trade if distance is not at lest 10 pips. Do you care about it or you do take trades independently to it? Thanks.
  • #6,340
  • Oct 7, 2013 8:10pm Oct 7, 2013 8:10pm
So here is the first one that I took but still there was less than 10 pips from the turning point that was above TMA15 to the yellow lines that are TMA 5 (?)
I feel I am messing something when it comes to entry rules.....
In any case - almost 10 pips.
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