Scalping Machine Trading on ECN account

Hi All,

Decided to start my own trading Journal in ForexFactory. All relevant information can be further seen on my trade explorer http://www.forexfactory.com/emptycube/05.

Trading Time: Script based entry
Trading Style: Scalping
Money Management:
EU - each trade 3 concurrent positions: each positions 10% lot size from equity,
GU - each trade 2 concurrent positions: 10% & 5% each lot size from equity

Entry Based on:
1) mtf-resistance-support indicator (pending buy/sell from support and resistance of indicator)
2) pending order will be open when price nearing to support/resistance by 20-30pips

Exit on:
1) Stop Loss
2) Trailing Stop on open position, as minimum allowed by broker possible

Assistance on entry and exit is based on script, almost automated, similar to EA

Control: Script will delete pending order if spread is too wide

Account type: ECN for tight Spread

Ive been running this approach since Early June and so far having a good results. Had forward implemented this approach on Live ECN Account. Based on my observation it will run very well on trending price action but not really good on choppy market.

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edited on July 21st 2015: edit on Money Management for EURUSD pair. from 4 concurrent post to 3 concurrent positions
edited on July 27th 2015: edit on Money Management for GBPUSD pair. from 1 position to 2 concurrent positions

Opps, opened on a wrong section, should have open on trading journal, can Moderator help to move to trading journal?

a start with a new trading week. Market doesnt seems to be recovering with probably tight ranging for the first few days.

had a total of 10 closed position on Monday entering Mid-day session.

8 green closed positions
2 red closed positions.

Total commission for all closed 10 positions are $43.68
Total Net Gain for all closed 10 positions are $70.17

Not able to create a total green position entering mid-day london session

Total of 10 closed position;

4 green closed positions
6 red closed position

Total Commission for all closed 10 positions are $15.41
Total Net Gain for all closed 10 positions are $ -51.5

had a weak asian session but recovered during the GBPUSD single H1 long candle

a total of negative pips for today but so far positive in daily return. Any sudden movement for the rest of US trading hours today might trigger a couple more positions.

for those whom wondering, im trading from GMT+8

both GBPUSD and EURUSD pair is ranging since Asian and expected to continue ranging till London open
Total closed position for today till this hours are 4

1 green closed positions
3 red closed position

ranging market today on both traded pair causing buy stop to trigger and scalping fail.

Lets see how it does for the rest of the day today.

wednesday early ranging of eurusd cause a drop in equity by $250 including comission which slighly exceed the gain made on monday and tuesday trading. Lets see whether the losses can be recovered during the rest of the week or it needed to be stretch till next week.

Total gain of the month is still positive.

unable to monitor much today an it seems like weak downtrend EU causing position sellstop to be trigger and causing lost.

lose 80USD from the all time gain made.

But i will let it run althought unable to monitor much due to preparation of Eidul Fitri celebration tomorrow

Just got back from the weekend holiday for Eid Fitri.

It was a ranging day for both EU and GU today

Only 1 Position opened and closed today in a very minor profit.

July 20th ended with 4 winning post

1 closed position GU with very minor profit <$1
3 closed position EU with close to $100

no closed red positions

July 21st looks like another ranging day during Asia opening till London opening. Lets monitor for the rest of the day.

had a good 3 EURUSD closed position during the pair jump breaking the resistance level 1.0834

had a minor slippage on 2 positions due to high volatility during the jump but overall racked a positive gross profit of $271 with Total commission paid was $22 making a net profit of $249

next possible buy is at top resistance level of 1.0870 or nearer candle resistance level formed possibly at today high 1.0863

next possible sell is currently standing at support level of 1.0811 or nearer candle support level formed possibly at 1.0827

from my last post 7 more closed positions were recorded with the following results

1 closed positions in RED on GBPUSD Short with nett lost of $4.7
3 closed positions in GREEN on EURUSD pair racking nett $77
3 closed positions in RED on EURUSD pair with nett lost $143

Total Nett Gain in USD for today towards the end of London Session is $178

lets see whats the rest of trading day today does till the end of US session

the moment i press the "post new reply" there were 3 more closed positions recorded during the with the following results

3 closed positions in GREEN on EURUSD pair racking nett profit $ 366

Making a total profit till this moment for today at nett $ 544

a very good day, lets see whats the rest of trading day today does till the end of US session

Next possible buy for scalping at 16 July spike candle which creates a resistance at 1.0949

share EA, looks good

Hi Soros,

Kindly check your PM

by the end of trading day yesterday (end of US session) another 3 closed positions on EURUSD clocked with profit making the overall yesterday result as follow;

Total Gross Gain: $763.20
Total Commission Paid: $144.6
Total Nett Gain: $618.6

% of Equity Growth: ~12%

its one of the best trading days recorded so far since the start of this account.

Today's potential trade

1) Short below the Support 1 Level formed at 1.0931
2) Long above the Resistance 1 Level formed at 1.0969

The same strategy will be used on all possible trade condition.

Hello EMPTYCUBE,

Please share us your EA,...

Thanks,

Budi

Hi Budidharma19 and Wanzriot

I used some commercial EA and coded another script to work together with the EA. i dont really share the information publicly but do check your PM and the Pro and Cons of using my approach.