Scalping Trend with DSS and Pullbacks | Page 9 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trying scalping with a 1000 bucks - Scalping is expensive! 39 replies

DSS Scalper forex System 2 replies

DSS Scalping system 5/15m TF 59 replies

Dss Bressert EA 13 replies

1M & 5M Scalping System (Scalping Paradise) 21 replies

Attachments: Scalping Trend with DSS and Pullbacks
Exit Attachments

Scalping Trend with DSS and Pullbacks

  • #161
  • Sep 8, 2015 4:15pm Sep 8, 2015 4:15pm
Guys do u follow the rules exactly? The reason why i am asking is so far i have not seen any chart that has all 7 factors lined up. The histogram is blue for a buy and pink for a short and so on.
  • #162
  • Sep 8, 2015 4:49pm Sep 8, 2015 4:49pm
Quoting polindo
Sorry, but it's not possible to use the EA on the chart and by back test!
What do you mean? I have backtested on my system on EU M1 and M5. When you have errors or something like this it would help a lot to post them to. If you don't give informations nobody will be able to help you.

It's a little bit frustrating in this thread that most people only want things for free and nobody really is willing to do some work for the success of the strategy. Programmer's wanting only sourcecode and only promising things that never happen, traders wanting a strategy and tools for free and of course free of bugs. Such a thread and the whole forum lives from giving and taking, not only from taking. Think about it and ask yourself what could be my part to bring this thread or other threads further.
  • #163
  • Sep 8, 2015 5:25pm Sep 8, 2015 5:25pm
TrikG.

Thanks for sharing. I have been doing some forward testing on your methodology and it looks like the winners usually run more than 2 or 3 times profit then your risk. Have you ever thought about using your strategy with a dynamic trailing stop that allows you to exponentially capture more profits on winning trades and still use the same stop loss you normally would use.

This week I am going to take a few trades based on your set up and then compare them with a trailing stop EA that I created. I don't mind sharing my test, analysis and trailing stop EA. I am all about other learning from others and being successful in trading Forex.
  • #164
  • Sep 8, 2015 5:35pm Sep 8, 2015 5:35pm
Quoting JensItzig
{quote} What do you mean? I have backtested on my system on EU M1 and M5. When you have errors or something like this it would help a lot to post them to. If you don't give informations nobody will be able to help you. It's a little bit frustrating in this thread that most people only want things for free and nobody really is willing to do some work for the success of the strategy. Programmer's wanting only sourcecode and only promising things that never happen, traders wanting a strategy and tools for free and of course free of bugs. Such a thread...
Welcome JensItzig, keep calm, if you are able to read all the thread (less than 9 pages) you can see I wrote something for the success of this strategy....
However the problem is this: after the download I copyed the Ea in the expert folder. I restarted the MT4 and I made double click on the Ea but it didn't attach to the chart.
Also from the back test it's not possible to open for the setup and don't start.
I saw in expert folder missing file .ex
  • #165
  • Sep 8, 2015 8:10pm Sep 8, 2015 8:10pm
Quoting forex_fairy
Guys do u follow the rules exactly? The reason why i am asking is so far i have not seen any chart that has all 7 factors lined up. The histogram is blue for a buy and pink for a short and so on.
Here is a trade I took earlier today on USDCAD short: All parameters were met. I could have let it run to the lower band but closed after 17 pips. Original SL was 10. I had several trades like that last week. I agree the system does not produce many signals even on the lower timeframe, maybe a few a day depending on your screen time. But they have a good risk potential when all criteria are met.

I like this strategy and will try to forward test on a tiny live account. Thanks trikg and polindo.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 151 KB
  • #166
  • Sep 8, 2015 11:46pm Sep 8, 2015 11:46pm
@polindo: if you look into the mq4 file there are 2 indicators needed to compile the ea. If the are not there then it wouldn't compiled and therefore no ex3 file generated. The errors can be found in the log. Possible ways to fix it 1) rename your indicators 2) rename the indicators in the mq4 or 3) download the used indicator from fxglow
  • #167
  • Sep 9, 2015 3:21am Sep 9, 2015 3:21am
@polindo why would you put the EA into the graph now, just backtest it using strategy tester first.

@JensItzig thaks for the EA, I like your code culture too

I will now post my test of the EA, please not it is a backtest on tester using EURUSD, it is in no way a critique of the manually traded system!

I compiled the EA successfully after renaming the MA Histogram indicator to the one I downloaded from the first post. Then I had to enable DLL imports globally fo EAs (I know it's not your fault). I then ran the backtest on M1 data since 2015/05/01 till 2015/09/09. With spread 15 the graphs is going only down. Even with spread 0 the graphs goes down.

It runs well enough in tester though, in terms of performance.

So I added a filter for London session, since that actually is a rule and I personally use it for all my systems I try to trade. But that did not help any.

@JensItzig let me know if you would like me to test anything else on your EA. Or if you have a pair that should work with default parameters. Or, of course, what I am doing wrong.
  • #168
  • Sep 9, 2015 4:25am Sep 9, 2015 4:25am
Quoting Gela
{quote} Here is a trade I took earlier today on USDCAD short: All parameters were met. I could have let it run to the lower band but closed after 17 pips. Original SL was 10. I had several trades like that last week. I agree the system does not produce many signals even on the lower timeframe, maybe a few a day depending on your screen time. But they have a good risk potential when all criteria are met. I like this strategy and will try to forward test on a tiny live account. Thanks trikg and polindo. {image}
you are welcome. When all criteria are meet, and setup looks perfect, that is when i trade.
I just trade 3-4 scalps per day, but 3 out of 4 on average.
The RR i use is also dynamic, sometimes 1:1, sometimes 1:1.5. Depending on rate of movement after the signal.

Of course i leave the trade management to you guys.
Price is too tricky to handle
  • #169
  • Sep 9, 2015 4:27am Sep 9, 2015 4:27am
Quoting trigraphite
TrikG. Thanks for sharing. I have been doing some forward testing on your methodology and it looks like the winners usually run more than 2 or 3 times profit then your risk. Have you ever thought about using your strategy with a dynamic trailing stop that allows you to exponentially capture more profits on winning trades and still use the same stop loss you normally would use. This week I am going to take a few trades based on your set up and then compare them with a trailing stop EA that I created. I don't mind sharing my test, analysis and trailing...
great, with regards to management, Risk Reward,
i leave the decision to you guys. Since i know this will greatly differ to everyone
Price is too tricky to handle
  • #170
  • Sep 9, 2015 4:31am Sep 9, 2015 4:31am
Quoting forex_fairy
Guys do u follow the rules exactly? The reason why i am asking is so far i have not seen any chart that has all 7 factors lined up. The histogram is blue for a buy and pink for a short and so on.
On the EA and custom indicator, im not sure if gives signal with 100% rules followed.
So it is your job guys to find out if the signal is valid.
Before running the EA or the custom made indicator, be sure you have checked all the rules if it applies correctly.

Currently i don't have time to test ea since i trade manually.
Price is too tricky to handle
  • #171
  • Sep 9, 2015 5:57am Sep 9, 2015 5:57am
As i mentioned, i'm currently have no free capacities for developing the ea for this strategy. Therefore i posted the mq4. In previous posts some users promised to build an EA. They can use it as base for own developments or add ons. My goal was to show that the EA is possible and has a good performance still with iCustom calls.
  • #172
  • Sep 9, 2015 6:58am Sep 9, 2015 6:58am
Quoting JensItzig
As i mentioned, i'm currently have no free capacities for developing the ea for this strategy. Therefore i posted the mq4. In previous posts some users promised to build an EA. They can use it as base for own developments or add ons. My goal was to show that the EA is possible and has a good performance still with iCustom calls.
Fair enough, the base is there, I will try to tune some parameters, maybe change the SL/TP from hard pips into something got from the range indicator. Thanks for your work.
  • #173
  • Sep 9, 2015 7:56am Sep 9, 2015 7:56am
Thanks for the clear explanation..I'm gonna give a try on demo account.. Is there any way to decrease the font size of Average Range-Multi indicator? :nerd:
You just got to have the Bad Days, so you can Love the Good Days even more!
  • #174
  • Sep 9, 2015 8:08am Sep 9, 2015 8:08am
Quoting StefyRox
Thanks for the clear explanation..I'm gonna give a try on demo account.. Is there any way to decrease the font size of Average Range-Multi indicator? :nerd:
Nothing in parameters and no source code, I don't see a way. But there are many daily range indicators on the web, so you could find another one.
You can change the font of those labels directly by right clicking, but it will not last restart/timeframe change, etc.
  • #175
  • Sep 9, 2015 8:16am Sep 9, 2015 8:16am
Quoting Plague
{quote} Nothing in parameters and no source code, I don't see a way. But there are many daily range indicators on the web, so you could find another one. You can change the font of those labels directly by right clicking, but it will not last restart/timeframe change, etc.
Yeah I also tried to change parameters but nothing inside.. I already googled for one but couldn't find any as clear as this
You just got to have the Bad Days, so you can Love the Good Days even more!
  • #176
  • Sep 9, 2015 9:10am Sep 9, 2015 9:10am
Sharing one more picture from a trade I just took, long AUDUSD (Entry by the red arrow). And I have one open, long USDCAD.

This trade I moved my SL, at first to BE, then up when I was 10 pips in plus. The price had gone higher than that but re-traced and the SL got hit.

I think this method has good potential for manual trading. Not sure about automation. As a scalping method I think it is important to avoid certain times when the market is erratic or around news releases. Also, do we know what exactly is in the indicators? I don't like to trade and not know what the underlying methods are. I am sure the FXglow band is based in moving averages, but which ones?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot5.png Size: 100 KB
  • #177
  • Sep 9, 2015 9:25am Sep 9, 2015 9:25am
One more screen shot. :-) This is the USDCAD long trade I mentioned above. Here my entry was a little late, the candle before would have been better but I wanted to confirm another blue dot. The trade moved up and again I moved my SL at first to BE, then to 10 pips plus. Again the price moved another 10 pips but then dropped big. Now the market becomes erratic again after the big drop.

In regards to trade and money management I am thinking about limiting the amount of trades I take as I don't want to over-trade. I trade in the US session. So the ideal time is between 8 and 10am EST. But that is the time of a lot of news get released. So we don't trade before and after red news. I can also limit my daily scalping to a max 20 pips. Or only take two trades per pair per direction per hour etc.
The idea of a trailing EA for profit taking is also interesting as in all my trades so far I have left pips on the table....
Looking forward to hear from you all.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 101 KB
  • #178
  • Sep 9, 2015 9:33am Sep 9, 2015 9:33am
Quoting Gela
Sharing one more picture from a trade I just took, long AUDUSD (Entry by the red arrow). And I have one open, long USDCAD. This trade I moved my SL, at first to BE, then up when I was 10 pips in plus. The price had gone higher than that but re-traced and the SL got hit. I think this method has good potential for manual trading. Not sure about automation. As a scalping method I think it is important to avoid certain times when the market is erratic or around news releases. Also, do we know what exactly is in the indicators? I don't like to trade...
The bands are fully clear. Standard parameters are 50SMA on Weighted Price +/- 2 * 50 ATR
  • #179
  • Sep 9, 2015 9:41am Sep 9, 2015 9:41am
Quoting JensItzig
{quote} The bands are fully clear. Standard parameters are 50SMA on Weighted Price +/- 2 * 50 ATR
Thanks. Of course, I could have looked inside myself :-). Still learning MT4. :-)
  • #180
  • Sep 9, 2015 11:42am Sep 9, 2015 11:42am
This is an interesting scalping strategy. Easy to glance over charts and find the best setup. It's tough trying to stick to all the rules, so I found having several charts and choosing the best one to follow every few minutes has helped me to stay more disciplined.
The charts I'm currently using are: AUDUSD, EURUSD, GBPUSD, USDCAD, USDJPY, USDCHF, EURGBP, EURJPY, NZDUSD, USDSGD. All these pairs are consistently under 1.0 pip spread on my broker. There are several others up to 1.5 pips, but being picky is the best way to stay profitable I think.
Many pips to all!
0 traders viewing now