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Scalping with forex laser

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  • Post #1
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  • First Post: Edited 12:05pm Dec 6, 2013 12:08am | Edited 12:05pm
  •  qwertymyfx
  • | Joined Jan 2010 | Status: Member | 894 Posts
Rules of thread:


1. Well, there is just one really... no arguing or rudeness. we're all here to help each other not to put others down.


Ok so I thought it would be nice for peeps to get interactive with trading the usdjpy on minute charts using the forex laser indicator. The original maker of the indicator has gone commercial but this indicator is free. It gives arrows when there is a great chance of movement in the right direction. I don't know how it works... i don't really care actually. All i know is that it DOES seem to work very well... so far anyway.

There are setups everyday and hopefully we can help each other out with this. from looking back at past trades it seems clear a fixed 10pip stop and profit are giving consistent results. others may think it's best to use a break-even after some pips, maybe this would help eliminate losses, but only time will tell. I think together we can see how this thing needs to be traded and maybe even make an EA out of it.


I am gonna be tradig this on demo until i'm confident i can put a high level of trust in it, hopefully in 2014 will go live. But lets see what tomorrow brings first. Note to forexfactory mods...please don't move this thread!
Attached File(s)
File Type: ex4 fx_laser_scalper_v3.ex4   13 KB | 792 downloads
File Type: tpl fx_laser_scalper_v3.tpl   1 KB | 530 downloads
  • Post #2
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  • Dec 6, 2013 12:14am Dec 6, 2013 12:14am
  •  qwertymyfx
  • | Joined Jan 2010 | Status: Member | 894 Posts
I didn't take any trades from today but all four of them gave some pips. this is when u wish u were live!
 
 
  • Post #3
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  • Dec 6, 2013 12:15am Dec 6, 2013 12:15am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,423 Posts
Why don't you discuss about this in the original thread ? All infos are there and if the original thread was moved by admin in the commercial, you will be with this new one ...
MT4/MT5 EAs/Indicators/Alerts coder
 
 
  • Post #4
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  • Dec 6, 2013 12:21am Dec 6, 2013 12:21am
  •  qwertymyfx
  • | Joined Jan 2010 | Status: Member | 894 Posts
Quoting FerruFx
Disliked
Why don't you discuss about this in the original thread ? All infos are there and if the original thread was moved by admin in the commercial, you will be with this new one ...
Ignored
Problem is there's not much discussion in that thread, over here we can discuss more... and who cares if the maker has gone commercial - why aren't we allowed to talk about this here if it's free.
 
 
  • Post #5
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  • Dec 6, 2013 12:35am Dec 6, 2013 12:35am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,423 Posts
Quoting qwertymyfx
Disliked
{quote} why aren't we allowed to talk about this here if it's free.
Ignored
This was the admins decision to move the thread to commercial ...
MT4/MT5 EAs/Indicators/Alerts coder
 
 
  • Post #6
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  • Dec 6, 2013 12:42am Dec 6, 2013 12:42am
  •  qwertymyfx
  • | Joined Jan 2010 | Status: Member | 894 Posts
Well i think this thread deserves to be here... I actually think this is a really useful indicator.
 
 
  • Post #7
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  • Dec 6, 2013 12:51am Dec 6, 2013 12:51am
  •  Tiggrrr
  • | Joined Oct 2013 | Status: Member | 327 Posts
Im getting a "Please attatch FX Laser Scalper to USD/JPY. I already have indicator setup on that yet im still getting that error.
Take what the market gives you.
 
 
  • Post #8
  • Quote
  • Dec 6, 2013 12:54am Dec 6, 2013 12:54am
  •  qwertymyfx
  • | Joined Jan 2010 | Status: Member | 894 Posts
Quoting Tiggrrr
Disliked
Im getting a "Please attatch FX Laser Scalper to USD/JPY. I already have indicator setup on that yet im still getting that error.
Ignored
Oh thats not an error... it means it's good!

now you should see all the past arrows on m1.
 
 
  • Post #9
  • Quote
  • Dec 6, 2013 12:59am Dec 6, 2013 12:59am
  •  Tiggrrr
  • | Joined Oct 2013 | Status: Member | 327 Posts
Quoting qwertymyfx
Disliked
{quote} Oh thats not an error... it means it's good! now you should see all the past arrows on m1.
Ignored

Nope. Nothing.
Attached Image (click to enlarge)
Click to Enlarge

Name: Screenshot1.png
Size: 52 KB
Take what the market gives you.
 
 
  • Post #10
  • Quote
  • Dec 6, 2013 1:03am Dec 6, 2013 1:03am
  •  qwertymyfx
  • | Joined Jan 2010 | Status: Member | 894 Posts
eh... dunno why you're not seeing any arrows.
 
 
  • Post #11
  • Quote
  • Dec 6, 2013 1:05am Dec 6, 2013 1:05am
  •  Tiggrrr
  • | Joined Oct 2013 | Status: Member | 327 Posts
Quoting qwertymyfx
Disliked
eh... dunno why you're not seeing any arrows.
Ignored

upload your template please.
Take what the market gives you.
 
 
  • Post #12
  • Quote
  • Dec 6, 2013 1:09am Dec 6, 2013 1:09am
  •  qwertymyfx
  • | Joined Jan 2010 | Status: Member | 894 Posts
Quoting Tiggrrr
Disliked
{quote} upload your template please.
Ignored
oh yeah, here it is.
Attached File(s)
File Type: tpl fx_laser_scalper_v3.tpl   1 KB | 521 downloads
 
 
  • Post #13
  • Quote
  • Dec 6, 2013 1:29am Dec 6, 2013 1:29am
  •  qwertymyfx
  • | Joined Jan 2010 | Status: Member | 894 Posts
Quoting Tiggrrr
Disliked
{quote} Nope. Nothing. {image}
Ignored
oh just noticed you might need to go back a few more hours to see the arrows.
 
 
  • Post #14
  • Quote
  • Dec 6, 2013 8:43am Dec 6, 2013 8:43am
  •  ozziedave
  • Joined May 2007 | Status: Ozziedave | 1,661 Posts
Attached laser scalper to 1 min USDJPY and nothing appears on the chart except "Please attach FX laser scalper V3 to USDJPY 1 m only! I don't see any arrows at all.do you know what indicators the template uses? I thought maybe if the correct indicators were not in the indicator folder the template would not wot properly. Just a thought.
 
 
  • Post #15
  • Quote
  • Dec 6, 2013 10:47am Dec 6, 2013 10:47am
  •  qwertymyfx
  • | Joined Jan 2010 | Status: Member | 894 Posts
Quoting ozziedave
Disliked
Attached laser scalper to 1 min USDJPY and nothing appears on the chart except "Please attach FX laser scalper V3 to USDJPY 1 m only! I don't see any arrows at all.do you know what indicators the template uses? I thought maybe if the correct indicators were not in the indicator folder the template would not wot properly. Just a thought.
Ignored
didn't you get the indicator from the first post?
 
 
  • Post #16
  • Quote
  • Dec 6, 2013 10:48am Dec 6, 2013 10:48am
  •  qwertymyfx
  • | Joined Jan 2010 | Status: Member | 894 Posts
this is what i'm seeing...
Attached Image (click to enlarge)
Click to Enlarge

Name: forexlaser6thdec.png
Size: 33 KB
 
 
  • Post #17
  • Quote
  • Dec 6, 2013 11:15am Dec 6, 2013 11:15am
  •  qwertymyfx
  • | Joined Jan 2010 | Status: Member | 894 Posts
I think maybe there's some confusion about the indicator. the indicator can be used without the template BUT the template can't be used without the indicator.

if that makes sense.
 
 
  • Post #18
  • Quote
  • Dec 6, 2013 11:35am Dec 6, 2013 11:35am
  •  GoogleTrader
  • | Commercial Member | Joined Dec 2013 | 183 Posts
A quick glance at the captured traffic, suggests that this indicator receives signals from the developers website forexmoments dot com.....
Attached Image (click to enlarge)
Click to Enlarge

Name: fxind.jpg
Size: 517 KB
 
 
  • Post #19
  • Quote
  • Dec 6, 2013 11:37am Dec 6, 2013 11:37am
  •  GoogleTrader
  • | Commercial Member | Joined Dec 2013 | 183 Posts
Quoting Tiggrrr
Disliked
{quote} Nope. Nothing. {image}
Ignored

Try access their website, may be it's blocked on your side
 
 
  • Post #20
  • Quote
  • Dec 6, 2013 12:04pm Dec 6, 2013 12:04pm
  •  qwertymyfx
  • | Joined Jan 2010 | Status: Member | 894 Posts
yeah that could be it, also try the template. i think i better upload it to the first post to stop any confusion.

from now on use both indicator and template. indicator goes in indicator folder, template goes in... template folder. hoho
 
 
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