Daytrading/scalping with high leverage - my proven strategy | Page 381 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Daytrading/Scalping in Crypto markets 357 replies

Dashboard EA based on Daytrading/scalping with high leverage 103 replies

A Proven Simple Strategy (2MAs, 1 RSI) 436 replies

Looking for proven scalping strategy to program 1 reply

Share Something Proven - Scalping Method Please 10 replies

Attachments: Daytrading/scalping with high leverage - my proven strategy
Exit Attachments

Daytrading/scalping with high leverage - my proven strategy

  • Linked: 1 Lot - 1.000 $ | Brokerage Account XXX82
  • Trader:
  • Broker:
  • Type:
This Trade Explorer is no longer publicly available.
  • #7,601
  • Oct 22, 2014 7:01pm Oct 22, 2014 7:01pm
Quoting maflip
{quote} It's ok to have bit the bullet as It might be forming an ABC pattern up before continuing the trend back down. The recent down move might just be the dreaded "B" trap. Also, that huge spike down followed by a fierce rejection might indicate bearish exhaustion, so we may also either range for awhile or do create that "C" pattern up. So, it's ok my friend you can get the loss back up. I was actually watching you're TE and was impressed. Just gotta work on those stops. You were actually doing a lot better than me at first as for me I am...

Thanks Maflip. I actually trade without a SL and only note a mental one which I never use, because I am always in & out as quickly as possible but when it moves against me, I have the tendency to leave the trade on. I have however paid a good tuition cost to know I need to put either a hard stop or hedge the trade. I don`t like hedging and will use a hard stop.

Shalom my friend
Low Risk Low Stress High Reward High Probability Trades
  • #7,602
  • Oct 22, 2014 9:20pm Oct 22, 2014 9:20pm
Went long UJ looking for 10 pips TP and SL. Let's see what happens k?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 69 KB
  • #7,603
  • Oct 22, 2014 9:28pm Oct 22, 2014 9:28pm
Stress Free trading... Stop at Breakeven now...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 70 KB
  • #7,604
  • Oct 22, 2014 9:31pm Oct 22, 2014 9:31pm
It's that easy. But this baby might go up more. Ok? No worries, trade with a stop it's the best thing to do.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 41 KB
  • #7,605
  • Edited 10:06pm Oct 22, 2014 9:46pm | Edited 10:06pm
So far I'm only up trading this way 18% for this month. I only need 1% a day to make a living. This will be my last post for now. Laters....
Attached Image
  • #7,606
  • Oct 23, 2014 2:18am Oct 23, 2014 2:18am
My Final trade for this week. Tomorrow I take the day off... However, I think this is going to go down more as there is an H4 break... Oh Well. See the H4 chart below giving clue as to were this is headed prior to the M15 breakout. There was a break of support at the H4 and two candles closed below that support line.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 61 KB
Click to Enlarge Name: Screenshot2.png Size: 61 KB
  • #7,607
  • Oct 23, 2014 4:03am Oct 23, 2014 4:03am
For fun for fun, Good ole TMA M1/M5 Trade scalping on M1. On Demo only, I can't resist not to trade hah hah. Let's see what happens.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 108 KB
  • #7,608
  • Oct 23, 2014 4:18am Oct 23, 2014 4:18am
Hi,
Can someone please help me. I'm trying to make sense of this TMA indicator. There are two versions, it seems...or more.
There seems to be a TMA indicator a
TMAFastLine indicator
TMATrue Indicator.

When I compile the TMA indicator and TMAFastline in build 711, I get warnings.
As far as TMA(True), I just came across this one...and the mq4 file wasn't posted like the other times. I use medaeditor for various settings and the ex4 file doesn't allow me to make changes and save.

Can someone please explain and post the most recent version being used? I'm really having a difficult time finding the information I need to use this indicator now, and which one is being used....one repaints, another doesn't, etc. And obtaining the mq4 like before so I can save my own settings.

I have been sick for a long time - a blown disc in my low back - and am trying to catch up with the information and updates, but as I said. I'm getting warnings in metaeditor and need the version that works.

Please help

Thanks,
jbozman
  • #7,609
  • Oct 23, 2014 4:18am Oct 23, 2014 4:18am
Quoting maflip
For fun for fun, Good ole TMA M1/M5 Trade scalping on M1. On Demo only, I can't resist not to trade hah hah. Let's see what happens. {image}
Ah it failed and got stopped out... Yup no counter trending M1 when TMA on M15 is above 1.
  • #7,610
  • Edited 4:32am Oct 23, 2014 4:22am | Edited 4:32am
Quoting jbozman
Hi, Can someone please help me. I'm trying to make sense of this TMA indicator. There are two versions, it seems...or more. There seems to be a TMA indicator a TMAFastLine indicator TMATrue Indicator. When I compile the TMA indicator and TMAFastline in build 711, I get warnings. As far as TMA(True), I just came across this one...and the mq4 file wasn't posted like the other times. I use medaeditor for various settings and the ex4 file doesn't allow me to make changes and save. Can someone please explain and post the most recent version being used?...
I use TMA True, I really don't care if it repaints. I only care about if the Higher Time frame is trending like at above .80 reading on TMA True.
  • #7,611
  • Oct 23, 2014 4:26am Oct 23, 2014 4:26am
Thanks...but is TMA True an actual indicator or is it just a version that has a setting of True inside the code? Is there an mq4 file to download? I'd appreciate your help.

Also, if anyone has other input as far as using a different version, please comment.

Thanks
  • #7,612
  • Oct 23, 2014 4:30am Oct 23, 2014 4:30am
Quoting jbozman
Thanks...but is TMA True an actual indicator or is it just a version that has a setting of True inside the code? Is there an mq4 file to download? I'd appreciate your help. Also, if anyone has other input as far as using a different version, please comment. Thanks
Thia is the TMA's I use...
Attached File(s)
File Type: ex4 10.2 TMA slope true 4.30.ex4   10 KB | 409 downloads
File Type: mq4 TMA.mq4   8 KB | 337 downloads
  • #7,613
  • Oct 23, 2014 4:42am Oct 23, 2014 4:42am
Thanks...I just looked at the one that doesn't repaint. I'll use the one that repaints. Even though it repaints, I'm just looking for a high/low area, and using price action to enter, not the band. With the lines being so squiggly with the one that doesn't repaint, it's harder to see candles. So I'm with you, the one that repaints is fine.

So the other indicator, what is that one used for...the 10.2?

Also, is this TMA for the latest build?

So appreciate your help, maflip.

Thanks
  • #7,614
  • Oct 23, 2014 4:48am Oct 23, 2014 4:48am
Quoting jbozman
Thanks...I just looked at the one that doesn't repaint. I'll use the one that repaints. Even though it repaints, I'm just looking for a high/low area, and using price action to enter, not the band. With the lines being so squiggly with the one that doesn't repaint, it's harder to see candles. So I'm with you, the one that repaints is fine. So the other indicator, what is that one used for...the 10.2? Also, is this TMA for the latest build? So appreciate your help, maflip. Thanks
For the TMA True with the 10.2, when trend trading the M1 I look for M15 above .80 and I trade that direction. When breakout trading the M15 chart I look for H4 above/below .40 and I don't trade against that on the breakout.
  • #7,615
  • Oct 23, 2014 4:52am Oct 23, 2014 4:52am
Go it. Will check out...thanks.
  • #7,616
  • Oct 23, 2014 6:38am Oct 23, 2014 6:38am
Which indi shows that channel?
  • #7,617
  • Oct 23, 2014 2:14pm Oct 23, 2014 2:14pm
Quoting 919gilead
{quote} Thanks Maflip. I actually trade without a SL and only note a mental one which I never use, because I am always in & out as quickly as possible but when it moves against me, I have the tendency to leave the trade on. I have however paid a good tuition cost to know I need to put either a hard stop or hedge the trade. I don`t like hedging and will use a hard stop. Shalom my friend
I feel your pain bro...

I know it sounds like a cliche, but with scalping - hard stop loss is a must. Not only that it's a necessity, it's also a very good tool which tells you wheter you entered a trade properly or not. I am using 5:3 risk/reward - risking 20 pips to get 12. If it goes more than 20 pips against me, that means I didn't enter correctly.

I backtested my system - whnever my SL of 20 was hit, it went much further into drawdown to the point where I would have had a margin call hadn't I had a hard SL in place. Whenever my TP of 12 was hit, I didn't have drawdown of more than 10-15 pips.

Perfect your entry and don't give up. You had a nice string of winning trades. If you did it once, you can do it again.
Shift happens...
  • #7,618
  • Oct 23, 2014 2:32pm Oct 23, 2014 2:32pm
Quoting blackgeorge
{quote} I feel your pain bro... I know it sounds like a cliche, but with scalping - hard stop loss is a must. Not only that it's a necessity, it's also a very good tool which tells you wheter you entered a trade properly or not. I am using 5:3 risk/reward - risking 20 pips to get 12. If it goes more than 20 pips against me, that means I didn't enter correctly. I backtested my system - whnever my SL of 20 was hit, it went much further into drawdown to the point where I would have had a margin call hadn't I had a hard SL in place. Whenever my TP of...
Thanks BlackGeorge and I agree totally with you. I have been taking CT trades that Favorite advised against and that`s what has killed the profit. But like you said, I did it before and can do it again by the grace of God.

Shalom
Low Risk Low Stress High Reward High Probability Trades
  • #7,619
  • Oct 24, 2014 2:35am Oct 24, 2014 2:35am
Four 15M breakout trades and 1 looser, which it lost because sometimes we are stubborn and does not follow the rule. My rule is not to go against the H4 trend if TMA is reporting above/below +.40/-40 on TMA and I payed rent because of that. However, I immediately recognize my mistake reversed and took profit. So far, I'm already up a modest 20% this month. Also, someone asked what is the indicator that made the channel. I have attached it below.

+30 pips minus the 5 pips I lost equals 25 pips total gain today... I told myself today i'm supposed to rest but hey the move yesterday made some nice setup for today.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU.JPG Size: 170 KB
Click to Enlarge Name: UC.JPG Size: 160 KB
Click to Enlarge Name: UJ.jpg Size: 189 KB
Attached File(s)
File Type: ex4 AIMS Box V5.1.ex4   3 KB | 352 downloads
  • #7,620
  • Oct 27, 2014 9:33am Oct 27, 2014 9:33am
Attached Image (click to enlarge)
Click to Enlarge Name: zamu.png Size: 102 KB


hello, current eurusd set up, currently TMA1 over TMA5, for all those trading this set up, where would you enter ? or is it too late
35 traders viewing now