Scalping Trend with DSS and Pullbacks

Thread Rules
If you post Nonsense or Not Related things, I will ignore you from posting.
If you bash people around, i will ignore you
Broker Discussions are not Allowed. Do your research
All indicators used, you can find free scattered around on different forums.
If you don't want the DLL indicators, just remove and replace with Bollinger Bands and Moving Average
All Indicators uploaded DOES NOT Repaint after bar is closed. Always read price/enter trades on Bar Close.
I don't want questions regarding repaint, think before you speak or i will ignore you from posting here


TimeFrame
You can use ANY time-frame, but i prefer M1,M5 M15 during the London and US trading session.

Profit/Loss to Expect on Average
M1 - 4 to 7 pips
M5 - 8 to 12pips
M15 - 12 to 20pips

StopLoss
Basic: Use Stop Loss EQUAL to Take Profit
Advance: Swing Low/Swing High, Support/Resistance, Supply/Demand, ATR Based


BE SMART IN PLACING YOUR SL
Best practice is to use Hidden SL! Never show your real SL to Broker specially for scalping.
I guess you already know the "tricks" that brokers do


Pairs
I trade major pairs. Use pairs with lowest spread possible. Recommended 1.5Pips Max Spread


Buy Rules
1. Using ADR, Todays range should NOT exceed the 5 day to 30 day range
2. MA Histogram is BLUE
3. Price touch or go Below lower MA band (Pink Line)
4. DSS Dots went below 20 and color turns PINK
5. Enter when DSS becomes BLUE and bar is closed
6. Dont trade when PA is near Upper target band. There will be no room for profit (Optional)

Exit Rules
1. Exit when price touch upper MA band
2. Exit in pips profit you prefer (around 5-20pips depending on timeframe)






Sell Rules
1. Using ADR, Todays range should NOT exceed the 5 day to 30 day range
2. MA Histogram is PINK
3. Price touch or go Above upper MA band (Blue Line)
4. DSS Dots went above 80 and color turns BLUE
5. Enter when DSS becomes PINK and bar is closed
6. Dont trade when PA is near Lower target band. There will be no room for profit (Optional)

Exit Rules
1. Exit when price touch lower MA band
2. Exit in pips profit you prefer (around 5-20pips depending on timeframe)




Indicator$ & Template

Attached File

FF Scalper.zip   60 KB | 13 downloads

Attached File

_FF.tpl   8 KB | 8 downloads

trikg thanks for your nice contribution. i have downloaded the files but target band file is not running .

i just found indicators free on different forums.
You should enable the DLL to work

AS example. I used it on M1 GBPUSD


Here is the SELL Setup


I place MAX Tp On opposite Band. In M1, 4-10 pips is ideal profit


I move TP along the Target Band, but now im 7 pips profit. I can close the trade



CLOSE Trade + 7 PIPS on M1 chart is VERY GOOD!





The trade still went to the target Band SO it generated more profit. BUT DO NOT BE GREEDY. EXIT when you have profit

thanks Trikg, could you please share your tpl ?

nice strategy trikg. can you send me link sources to download the target band indicator

its on the first post

Sell on EURUSD + 7 pips on M1 timeframe
The daily range also exceeded the 20 ADR. so more trades on EURUSD Today

this is example of Buy on AUDUSD but i have did not trade since i have reached my daily target.
Reached 6 pips on the opposite target band on M1.





Please note that bigger TIMEFRAME is more profit, I just used M1 as examples

Hi trigk,thanks for sharing this system.it appears you don't use stop loss.any particular reason why and what would you suggest as stop lost

you can use swing high/low or
SL = TP. or
hard pips you prefer

thanks for sharing your method !!!

missed this nice opportunity o GU couple of minutes ago...

there will be more, Daily range still has space

Thanks for posting this system.

I've been watching it on a few pairs, and find AUD/USD seems to be the best I've tried. Plenty of profitable signals. Three in the last hour...



Definately worth while testing.

Hmm,this seem cool...Hope none of these indicators repaint.I am not currently on chat

indicators no repaint after bar is closed. always enter on bar close

Hi trikg, thank you for an interesting system,, I've been reading FF for a year and decide to register to make a first reply here.

I try this system today with 8 pairs on a demo account (use 1M most, some 5M) and it went well.

SL is my most concern here, may i ask what is SL method you personally use with this system

and what pair and timeframe do you suggest most (handle 8 pairs on 1M timeframe almost knock me off today )

**sry if my English isn't quite good.

I sat down this morning to review this system on last nights AUD/USD London open to NY open. I've labled red vertical lines on all points where the 2 indicators pointed to a possible trade. Then looked at price to see it a trade whould have been taken. My criteria were that price had to be above the middle line for a sell and below for a buy. Trade opened on open of next bar with stop at 6 pips and TP at 6 pips unless manually closed.





A - Valid Sell - Stopped out - (-6 pips)
B - Buy, but price on wrong side of band - No trade
C - Valid buy - Stopped out - (-6 pips)
D - Valid Buy - (6 pips)
E - Buy, but price at middle band - No trade or Stopped out. (-6 pips)
F - Sell, but below bands - No trade
G - Valid sell - 3 pips (or 6 if trade held) (3 pips)
H - Valid sell - 2 pips (or 6 if held)(6 pips)
I - Valid sell - (6 pips)
J - Sell, but below bands - no trade
K - Sell, but below bands - no trade
L - Valid sell - (6 pips).

Total 8 trades. 3 loses, (-18 pips) 5 wins (27 pips) = 9 pips
Transaction costs @ 1.5 pips per trade for 8 trades = 12 pips
Total - 3 pips loss.

It's always interesting to do these figures without any trading pressure. While I was watching it live, I felt the results were very much better than this. Still feel there is potential here, so will try some more options. Maybe trade it live in Monday and see what happens.

Very interesting. Trading D1 charts with a bigger TP would lessen parasitic
commission costs.

good

I prefer to trade buy if price goes on the lower red band
sell when it goes above blue band.

Happy testing