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Scalpeur journal, scalping the bollinger band

  • #101
  • Dec 31, 2013 3:28am Dec 31, 2013 3:28am
Quoting RabbitWolf
Hello Scalpeur, Would like to wish You Happy New Year ! Hope that random bull madness will end and will be easier to trade. This is some test results for December using MTF Bollinger Bands and your method. For tests I mostly traded very small XAU/ USD lots and some USD/JPY. Did not like how EUR is kicked by the bulls.... This method should not be abandoned. It produces good results. .... With a lot of practice. {image}
What is the bollinger band settings you are using in your MTF BB.

I am currently using BB89 in H1
Pivot Boss in the making~
  • #102
  • Edited Jan 1, 2014 11:05am Dec 31, 2013 12:38pm | Edited Jan 1, 2014 11:05am
Quoting jurn_e
{quote} What is the bollinger band settings you are using in your MTF BB. I am currently using BB89 in H1

Settings are 20 Period 2 Standart deviation on every time frame.

But i put multiple bands on one chart. Adjusting only settings for time frame.
Attached Image


For example:
on one min chart i have multiple Bollinger Bands for
1min
5 min
15 min
60 min
(can add more time frames)

I can see what is happening on all time frames on one chart.

for 5 min chart I will hide 1 min and leave visable
5 min
15 min
60 min
240 min

I did not test it to trade higher time frames. It is all about scalping few pips per trade.
for 1 hour I would use bands
60 min
240 min
1440 min
(it is your choice)



The trading rules are same. Looking for confluence of bands. I also pay attention to pivots and round numbers.
I made every time frame different color. Chart is messy, but when you get used to it... it,s like a map

Attached Image (click to enlarge)
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  • #103
  • Dec 31, 2013 8:54pm Dec 31, 2013 8:54pm
Rabbit, kindly please share your BB MTF indicator. Thanks and Happy New Year!
  • #104
  • Jan 1, 2014 10:56am Jan 1, 2014 10:56am
Quoting mario777
Rabbit, kindly please share your BB MTF indicator. Thanks and Happy New Year!

The link to download in post # 97. I can not attach indicator here (it is not my property). It is free download.
This one has smooth band with no steps. Bands are changing color, when they moving. Even center line is changing color, when is changing direction. I like that.

!!!! Do not put more than 5 bands on one chart. It will slow down or mess up your Metatrader.


Some similar MTF indicators can find here
http://www.forexfactory.com/showthread.php?t=146354

Those are with steps, not changing color. Those could be used too. Can place many bands on one chart.
Looks like this:

Attached Image (click to enlarge)
Click to Enlarge Name: mtf with steps.png Size: 54 KB





Remember - only a lot of practice will give positive results... Good luck !
  • #105
  • Feb 18, 2014 8:04pm Feb 18, 2014 8:04pm
Hi,scalpeur
I must say that i'm impressed by your trade explorer results but why such low lot sizes?

I'm trading your bollinger on bollinger system on my live account and the results are quite impressive even though sometimes i don't wait for d high probability setups but the system is ok... thumbs up
  • #106
  • Feb 22, 2014 9:16pm Feb 22, 2014 9:16pm
Quoting lyondegreat
Hi,scalpeur I must say that i'm impressed by your trade explorer results but why such low lot sizes? I'm trading your bollinger on bollinger system on my live account and the results are quite impressive even though sometimes i don't wait for d high probability setups but the system is ok... thumbs up
We will wait for Scalpeur to answer this. Hope he is O.K. Maybe he will have some other trading tips.

I think - small lot sizes - he is not using stops - if trade goes wrong (which will happen when market starts fast trending or during news flash). With big lot you will go into big minus very fast. With small debt - can open more positions (for hedging) and recover that loss. With big lot you may get margin call if you hold it -200 pips.


I started to use this method on 1 hour chart with MTF Bolinger Bands 1 hour and 4 hour and joined it with other Pivot method. Will see how it goes. Need more experience trading higher time frames. But it should be more profitable. My target would be 20 pips per trade with SL 20 pips. Would move stop break even at +10 pips. If trade goes wrong i will have 0 pips.

Good luck !
  • #107
  • Feb 24, 2014 6:00am Feb 24, 2014 6:00am
Quoting RabbitWolf
We will wait for Scalpeur to answer this. Hope he is O.K. Maybe he will have some other trading tips. I think - small lot sizes - he is not using stops - if trade goes wrong (which will happen when market starts fast trending or during news flash). With big lot you will go into big minus very fast. With small debt - can open more positions (for hedging) and recover that loss. With big lot you may get margin call if you hold it -200 pips. I started to use this method on 1 hour chart with MTF Bolinger Bands 1 hour and 4 hour and joined it with other...
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How is the profitability like on the higher Tfs? Because i've observed that there are lots of sideways movements or whipsaws on the Higher Tfs?I trade this scalping strategy on my mt4 mobileDon't you think you are not scalping anymore?
  • #108
  • Feb 24, 2014 6:59am Feb 24, 2014 6:59am
It seems he(Scalpeur) is also trading on the higher TF... i checked his Eur/Chf trade and saw where he placed his TP and saw that it coincides with the BB80 Middleband on my H4 Chart.. hmmm
  • #109
  • Edited 9:51am Feb 24, 2014 9:02am | Edited 9:51am
Quoting lyondegreat
It seems he(Scalpeur) is also trading on the higher TF... i checked his Eur/Chf trade and saw where he placed his TP and saw that it coincides with the BB80 Middleband on my H4 Chart.. hmmm
EUR/CHF Daily BB is flat and very squeezed. I think target is center of Daily BB, next target top of the Bollinger. 4 hour, very Bullish candles, rejection from the bottom


Attached Image (click to enlarge)
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The bigger picture - triple bottom, it should kick price more up.... maybe not today

Attached Image (click to enlarge)
Click to Enlarge Name: eurchfh4 2.png Size: 54 KB
  • #110
  • Feb 24, 2014 11:32am Feb 24, 2014 11:32am
Quoting RabbitWolf
{quote} EUR/CHF Daily BB is flat and very squeezed. I think target is center of Daily BB, next target top of the Bollinger. 4 hour, very Bullish candles, rejection from the bottom {image} The bigger picture - triple bottom, it should kick price more up.... maybe not today {image}
Well... i think your analysis verifies my previous comment that Scalpeur is using a higher TF to trade recently
  • #111
  • Feb 26, 2014 4:32am Feb 26, 2014 4:32am
I'm learning a lot from this BB on BB system,it's kind Sweet... especially the BB Shapes that present the high probability setups.I wish i was using a PC right now,i would've posted screenshots of the BB Shapes
  • #112
  • Mar 14, 2014 9:30am Mar 14, 2014 9:30am
Hi Scalpeur,
Please which timeframe are you using recently and why are you not trading the E/U and E/J for now?
  • #113
  • Mar 27, 2014 3:15am Mar 27, 2014 3:15am
Attached Image (click to enlarge)
Click to Enlarge Name: oanda discrimination spread1.jpg Size: 212 KB
Hi,

I am little busy, after 6 years with Oanda, i will change in the next 2 month. I have to test and find the good one.

I don't want anymore JAVA on my computer.

I am tired with they're dynamic spread.

I am tired with they're poor customer service. With this account practice, in the last 4 week, i can just connect 6 or 7 times. The probleme start with the outage in early month, i post in they're forum, 3 week later, NO ANSWER from they're support.

I am tired to pay spread 1,2 on eur/usd, and in oanda.sg, the spread is 0.8 for 88 days.
  • #114
  • Mar 30, 2014 9:32pm Mar 30, 2014 9:32pm
Quoting lyondegreat
Hi Scalpeur, Please which timeframe are you using recently and why are you not trading the E/U and E/J for now?
You have first, to see, how your broker work, differents brokers can give you different prevision.

2 pictures take this morning, CFD HK33, Oanda VS FCXM, in oanda the candle touch almost the bollinger superieur, in fxcm, the candle stay in the midle band.

FXCM close the market friday about 4 hours - 5 hours before Oanda, the picture is totaly differente.

Early in the picture oanda, you can see, the bollinger band 360 squeese, the market will change trend up to down, you cannot see this in fxcm picture.

I already see this with eur/jpy, 2-3 week before, so open demo in differents broker and make your decision.

http://nimga.fr/m/HLNzW.jpg

http://nimga.fr/m/IZ4ns.jpg
  • #115
  • Mar 30, 2014 10:15pm Mar 30, 2014 10:15pm
If you look this picture in live, fxcm eur demo VS fxcm usd demo, we don't have the same thing.

http://nimga.fr/m/FFe4c.jpg
  • #116
  • Mar 31, 2014 3:04pm Mar 31, 2014 3:04pm
Quoting scalpeur
If you look this picture in live, fxcm eur demo VS fxcm usd demo, we don't have the same thing. {image}
Hi Scalpeur,

The image you posted did not allow me to zoom in to see details. However, if you're seeing a difference between the MT4 charts on your USD and EUR denominated trading accounts, this could be due to a time zone difference on the two MT4 servers.

Our newest MT4 servers (denominated in USD) are set to a time zone of GMT+3. That means midnight on those servers coincides with the 5pm New York Close. This is also know has having "New York Close" charts.

However, our other MT4 servers (including all non-USD servers) are still set to GMT. That means midnight on those servers coincides with 8pm New York Time. This 3-hour shift could result in differences when you compare indicators on one server with the other.

You might be interested to know that your MT4 login details will also work on our Trading Station platform which always has New York Close charts regardless of the account type or the time zone on the server.
  • #117
  • Apr 1, 2014 12:31am Apr 1, 2014 12:31am
Thanks Jason,

I testing your mt4 plateform now, i will chose my new broker in May 2014.
  • #118
  • Apr 14, 2014 5:30am Apr 14, 2014 5:30am
I am finish this test with oanda. (no hedge and leverage 50)

Look at that: the swap go up by 5 times.





New test will be by FXCM (with hedge and leverage 200, let's see what i can do)
Attached Image (click to enlarge)
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  • #119
  • Apr 14, 2014 6:23am Apr 14, 2014 6:23am
Scalpeur,

I just will say one thing, if you will be changing brokers, you need to adjust all your trading system!!! . If there is difference in Broker time or candles, all Bollinger Bands and Moving Averages may be in different places. You can not do nothing about it.

I use two brokers. One is American time chart, other European . You will get differences how Bollinger Bands Placed and Moving Averages may be in different places. I watch both charts. For me best reaction is on European time chart (GMT+2).

I still using your system, but use MTF Bollinger Bands and trade on 1 hour chart (use 1 hour and 4 hour and 1 Day Bollinger on Metatrader)

I was reading a lot of bad things about F X C M, so be careful !!!
  • #120
  • Apr 14, 2014 6:56am Apr 14, 2014 6:56am
RabbitWolf,

Don't worry i already work on it from 2 weeks, i need just little time to adjust with the new spread, and the hedging (never make hedging in 6 years trading).

But still every time the same, go to the market on the good time.
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