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The Great 05 Level Scalping System

  • #61
  • Apr 2, 2015 3:50pm Apr 2, 2015 3:50pm
Quoting pgpb
{quote} Thanks for starting this thread I am using "smscalpercandles" (indi attached) rather that RSI candles (personal preference) and hilow of 15 minute bars (gold lines) and also hilow of one hour bars (black lines) Waiting for a color change (pull back) before taking a trade see chart PGPB {image} {file} {file}
UltraSuperTrix seems to work very well i'm devouring this indicator thanks!
  • #62
  • Apr 2, 2015 4:59pm Apr 2, 2015 4:59pm
Quoting RoneyFX
{quote} UltraSuperTrix seems to work very well i'm devouring this indicator thanks!

here is another version

set the time frame to one minute for signals on one minute time frame (see chart I posted)
Attached File(s)
File Type: ex4 Trix MTF meter roy 05 showing confirmed signals.ex4   6 KB | 712 downloads
  • #63
  • Apr 2, 2015 5:49pm Apr 2, 2015 5:49pm
here we go boys and girls

M15 hi & low
Attached File(s)
File Type: mq4 !M15 Hi Low Only.mq4   5 KB | 572 downloads
File Type: ex4 !M15 Hi Low Only.ex4   10 KB | 487 downloads
  • #64
  • Apr 2, 2015 6:27pm Apr 2, 2015 6:27pm
Why does my grid not show up on some pairs, marking the 05 levels? It just stays white.?
  • #65
  • Apr 2, 2015 8:25pm Apr 2, 2015 8:25pm
http://www.forex-auto-scalper.com/slingshot.html heres a signal could be helpfull if you are scalping , can be applied to any time frame IMO.........
Whats That? you're trading What?
  • #66
  • Apr 2, 2015 9:12pm Apr 2, 2015 9:12pm
Quoting pgpb
{quote} Thanks for starting this thread I am using "smscalpercandles" (indi attached) rather that RSI candles (personal preference) and hilow of 15 minute bars (gold lines) and also hilow of one hour bars (black lines) Waiting for a color change (pull back) before taking a trade see chart PGPB {image} {file} {file}
your chart looks very close to mine, but i'm using a cci hist on 14 to help see the strength of pullbacks. are u waiting for the previous 1hr high/low to be broken, or just the previous 15min high/low?
also, just curious, can you help me know why you prefer these candles over HA candles?

thanks in advance-

jason
  • #67
  • Apr 3, 2015 12:32am Apr 3, 2015 12:32am
Thanks for the thread RoneyFX!

Have created an EA with the basic rules to test this out... running on a number of charts.

Keen to see how this going!

Vlad
  • #68
  • Apr 3, 2015 3:06am Apr 3, 2015 3:06am
Quoting AcerPhoon
Why does my grid not show up on some pairs, marking the 05 levels? It just stays white.?
There are some errors in the code.You can fix them easily.
  • #69
  • Apr 3, 2015 4:58am Apr 3, 2015 4:58am
Quoting zxcv101700
{quote} There are some errors in the code.You can fix them easily.

Okay how and what do i need to change? I have no coding experience btw.
  • #70
  • Apr 3, 2015 5:12am Apr 3, 2015 5:12am
i would like to show my thought
and sorry RoneyFX for not suitable Subject

Attached Image (click to enlarge)
Click to Enlarge Name: kkkkkkk.png Size: 62 KB
  • #71
  • Apr 3, 2015 5:46am Apr 3, 2015 5:46am
Quoting bapakjason
{quote} your chart looks very close to mine, but i'm using a cci hist on 14 to help see the strength of pullbacks. are u waiting for the previous 1hr high/low to be broken, or just the previous 15min high/low? also, just curious, can you help me know why you prefer these candles over HA candles? thanks in advance- jason

Hi

HA candles and trix candles are probably interchangable, I prefer trix candles over RSI candles, I think trix is a better momentum indicator, but that is just my personal preference. I like to see the highs and lows of both 15 minute and one hour on the chart, so I can see if price is making new highs and lows or just ranging between the support and resistance (low and high) of a previous one hour candle

Please post a chart so we can see how you use CCI

PGPB
  • #72
  • Apr 3, 2015 6:17am Apr 3, 2015 6:17am
Quoting Vlad13685
Thanks for the thread RoneyFX! Have created an EA with the basic rules to test this out... running on a number of charts. Keen to see how this going! Vlad
would be an excellent thing to create tables where set RSI, timeframe of the open price and tp / sl to test all possible parameters
  • #73
  • Apr 3, 2015 6:18am Apr 3, 2015 6:18am
Quoting AcerPhoon
{quote} Okay how and what do i need to change? I have no coding experience btw.
try installing another metatrader
  • #74
  • Apr 3, 2015 6:23am Apr 3, 2015 6:23am
Quoting dimdel
i would like to show my thought and sorry RoneyFX for not suitable Subject {image}
hi dimdel
just because i see risk reward 1: 2 and the MACD i know you're doing it right, do you use this parameters for all pairs or only gu?I'm going now to test it right now
  • #75
  • Apr 3, 2015 6:26am Apr 3, 2015 6:26am
Quoting pgpb
{quote} here is another version set the time frame to one minute for signals on one minute time frame (see chart I posted) {file}
I have just a blank window, and trying to go at m1 chart i have a crash
This indicator marks many times consecutive signals opposites, we need something like a moving averange to make it work well
  • #76
  • Apr 3, 2015 6:29am Apr 3, 2015 6:29am
because the M1
i cant have 4-6 pairs
so
i prefer gold+eurusd+eurjpy

( + if someone can manage gbpusd+gbpjpy)

but i am testing .......

isnt my trading system
i m trying to find the better .00 use ( for my profile)
thanks
  • #77
  • Apr 3, 2015 6:38am Apr 3, 2015 6:38am
About m15 candle i find this way to use it:
If the price is close to last min, only buy orders
If the price is close to last max, only sell orders
but i think it works better in bigger timeframes(m30,h1,h4)

For m1 trading is better m15 signal compared to h1
Attached Image

Attached Image (click to enlarge)
Click to Enlarge Name: h1.PNG Size: 10 KB

Just calculate if there is enough space to reach the TP
  • #78
  • Apr 3, 2015 6:46am Apr 3, 2015 6:46am
Quoting dimdel
because the M1 i cant have 4-6 pairs so i prefer gold+eurusd+eurjpy ( + if someone can manage gbpusd+gbpjpy) but i am testing ....... isnt my trading system i m trying to find the better .00 use ( for my profile) thanks
yes you can use 00 lines to open trades or
use another confirmation signal like open price
or do some tests and calculate the best distance to open a trade after macd signal or
simply continue to use the mas because they probably work good
I'm testing now and i'm looking at what you i add or delete
  • #79
  • Apr 3, 2015 6:57am Apr 3, 2015 6:57am
Quoting pgpb
{quote} Hi HA candles and trix candles are probably interchangable, I prefer trix candles over RSI candles, I think trix is a better momentum indicator, but that is just my personal preference. I like to see the highs and lows of both 15 minute and one hour on the chart, so I can see if price is making new highs and lows or just ranging between the support and resistance (low and high) of a previous one hour candle Please post a chart so we can see how you use CCI PGPB
Attached Image (click to enlarge)
Click to Enlarge Name: 1min example.png Size: 36 KB


cci is used in a trend to see pullbacks clearly as per "Trading Simple As ABCD" thread by Clive. It will mimic the absolute strength histogram (ASH) but gives a more clear picture as you can see strength measured against the 100 levels. so in a down trend if cci goes over bought beyond 100 level, usually the trend will be pulling back close to the 100lwma, then the trend is about to push back down with momentum many times. a lot of clear examples can be seen in clive's thread. i inserted your candles in this example and it was just the first screen shot i took. u can see a lot of screen shots of on-going trends in the other thread so i won't reproduce here. would be great to hear your thoughts on this . . .

thanks
  • #80
  • Apr 3, 2015 7:11am Apr 3, 2015 7:11am
Quoting RoneyFX
{quote} try installing another metatrader
I already tried it on 2 different versions of Metatrader 4. I attach the template and even tried to put in the grid indicator manually without success. This is what it looks like:
Attached Image (click to enlarge)
Click to Enlarge Name: 34534346.png Size: 35 KB
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