Rekon Xs and Market Scanner for Spot and Binary Options

Looking back, I should have done Buy entry as per MS-Daily.

With a bad decision effect will reflect on the win-rate ratio and in the next trading session we need to take care of that.

Hi Rekon,

Apologies for the delayed response. I got a new job recently and have been working late. It sucks, and I don't like it, but it does allow me to continue trading at least in the short-term...

No doubt, you deserve A TON of credit for developing this application. Seriously. I have yet to use it but it only took me about 30 seconds to see the potential that lies here in this thread

I couldn't imagine tackling something so huge by myself. Well, actually, I take that back, because I am trying to develop the holy grail EA, but it's so tough that I have a looooong ways to go still. Which is all the more reason why I find what you have done so amazing. As a programmer myself, I can relate to the difficulty you must have experienced throughout the development process.

Not to mention, trading successfully and profitably is a tough endeavor. But trading OPTIONS successfully and profitably is a dozen times harder!

I have been been trading for years already, but haven't found the success that I'm looking for (perhaps because my expectations are wayyy too high!), and yet, I have not given up. I'm not sure what you'd call me. I am a gambler by nature, but I love trading so much that I am extremely determined to make it my career, and will not stop until I do so. Although I may seem and/or talk like a noobie, I am anything but.

On a side note, I would love to work with you in any way possible.

Don't know if it's out of the question to ask if there's any way I can get my hands on your software (I still have to read most of this thread, to be honest), but I would love to be a beta tester of yours and learn as much as I can from you. I am hardcore determined to succeed. I have done everything from daytrading, to swing trading, to investing, to working at a prop firm, and managing a real portfolio. I have traded stock options, binary options, FX, equities, and more but as an aggressive trader I love the constant thrill of options. I've also worked in the investment industry for a couple of years, not GS, MS, or anything like that but just managing asset allocation, reconciling returns, IT tech support, debugging, and -- primarily -- managing a software application which was developed in VBA... that kind of crap.

I say all of this because my point is that I am NOT a noobie. I have advanced trading skills in my opinion, and an even better system that I developed from scratch and refined over the years, but the only reason I still struggle is because I severely lack the discipline trading requires. I also tend to give back all of my gains in the occasional drunken stuper

I once made a 3,300% return in 2 days... only to give it all back (in a drunken stuper) because I wanted 6,000%. Ugh... greed...

Please write back, as I am interested in hearing your thoughts. I am a big fan of yours.

KEEP UP THE GOOD WORK!!!

OMG, I can't believe you said this.

You hit the nail on the head!!!

Multiple Time Frame Analysis (MTFA) is at the core of my system. If you don't know what it is just google it because it's amazing and I'm not going to explain it here.

There are so many people on FF who dismiss it and/or don't understand it's full potential.

But their problem, as I've said before, is not so much in the system, but rather the application of that system... so essentially, how you apply it.

I have got it down to perfection... and would be happy to share it with you sometime.

Rekon... I think we need to work together on something. I am looking for a good programmer as a partner and I'm thinking you may be just the guy. And now I am dying to try your system

Here's a basic screenshot of my system:

okey, I know you are on the right track and you are young having lots of positive potential. Right now I am in a middle of lots of unfinished business, I have a group of users for no reason they have already trusted on my project so I feel liable to introduce a set of trading strategies to them. I am a full time salaried employee to a Nasdaq listed US company so my 12 hours of the day is dedicated to them. I live alone 1580 kms away from my family so maintaining my family and spending time with them is a personal challange to me.In summation I am willing to encourage you and perhaps in near future join you but before that I need to slowly streamline all my unfinished business. This might take another 3 months and I successfully finish this season. In the next season I look forward to join hands and take it to the next level.

Of course, I understand, take as much time as you need and in the meantime I will continue to follow you on this thread and look forward to more of your posts.

Ok, bedtime now... 'Night everyone!

So this is day 3 of H4-MS strategy. I am trying to mix all the analysis so that it more left you on thinking the process. The more you question the better, when you read back this thread 3 months later your conception and experience of seeing the market will be more matured.

With that vision, will start todays trading session, we will scan both forex and stocks and do only with trend entries. Will have trailing stops of 15 pips.

Lets scan the market!

Received the daily scan. Will just check in the MT4 template for entry all.

Important to notice is on Daily ATR or Volatility is Low means Price range is capped in small boundary, potential entry could be found where ATR for the same instruments are high in smaller TFs.

However, I triggered my first batch on Daily trending. Now I will see the stocks, then in next hour will rescan in smaller TFs again.

We have high performing Market today. And trending stocks on daily.

We have 8 positions open with target to close them in next 4 hours time in profit by scaling trailing stops,

A. when we see an overall percentage gain we will try to close the group.
B. We will monitor and close individuals. This is important for us to increase our win rate%.

So, I will go with option B.

Now, in this H4 we will continuously scanning in lower tfs and take the trade as per the tf.

For scanning will maintain an interval of 15 minutes.

With every fresh scan, we will try to close the trades which are in positive, and replace them with fresh scan result.

Important thing to notice is the changing ATR, high volatility, means volume is coming and price is going to take a ride on the direction!

On the other hand e-bay is going to be on sale, notice the price exhaustion and low ATR.

For binary another option I am thinking to include which is "Pairs", I will check this till 4 hours strength, This should work good with two strong trending on opposite direction and higher time frame.

So, considering a scenario, where H5 strength of Baidu is on BUY with High ATR and Google is not even there in the list, Google vs Baidu we go for PUT, time of expiry 2 hours to 4 hours depends upon broker.

This is experimental, and thinking of future, it is 3 hours expiry.