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Scalping Trend with DSS and Pullbacks

  • #181
  • Sep 10, 2015 3:02am Sep 10, 2015 3:02am
Quoting Gela
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...
Price is too tricky to handle
  • #182
  • Sep 10, 2015 3:03am Sep 10, 2015 3:03am
Quoting imtav
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....
ty, yes it is important to be disciplined.
Also scalping does not mean we over trade. Just look for best looking setup and trade it
Price is too tricky to handle
  • #183
  • Sep 10, 2015 3:04am Sep 10, 2015 3:04am
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...
Well @JensItzig already reversed one indicator, the others could be done in time too if really needed.

At the moment I am really liking the entries, thanks @trikg. But I am still trying to grasp proper SL placing. I don't like using big SL in hard pips universally since volatility changes. I also do not like really tight SL due to many "false" stop-outs, so I am trying to find something based on PA, just like the TP. @trikg advice to use TP=SL is the simplest working one it seems, but that makes SL too big sometimes, so I'll try to combine it with some S/R.
  • #184
  • Sep 10, 2015 3:44am Sep 10, 2015 3:44am
there aren't much system to scalp on M1, but this is outstanding.
yesterday i got many signals, and the winning probability is more than 50%.
that means, even we use RR 1:1, at the end of the day we're still the winner.

btw, since we don't have the mq4 here, i'd like to know how to rebuild the system using MA & stochastic only (i'm planning to trade on my mobile device, which can't execute ex4)
i've tried the 50 SMA, drawn exactly over the center yellow line. but how to make the blue and pink bands?
bessert scalper improved has smoothing 8 and stochastic 13. don't have a clue what parameter should i use for stochastic's %K %D and slowing.
next, fxglow MA histogram has 100 SMA and signal 5. i tried to draw 100 SMA, but some times the price goes below 100 SMA the color stays blue, some times the price goes above 100 SMA the color stays pink.

anyone care to help?

thanks in advance.
"If you run, you'll only die tired." - Sniper's philosophy
  • #185
  • Sep 10, 2015 3:46am Sep 10, 2015 3:46am
Quoting tomiko
i've tried the 50 SMA, drawn exactly over the center yellow line. but how to make the blue and pink bands?
This has already been solved by @JensItzig in his EA, explanation is also posted few posts above yours, 50SMA +- 2*ATR
  • #186
  • Sep 10, 2015 3:58am Sep 10, 2015 3:58am
Quoting Plague
{quote} Well @JensItzig already reversed one indicator, the others could be done in time too if really needed. At the moment I am really liking the entries, thanks @trikg. But I am still trying to grasp proper SL placing. I don't like using big SL in hard pips universally since volatility changes. I also do not like really tight SL due to many "false" stop-outs, so I am trying to find something based on PA, just like the TP. @trikg advice to use TP=SL is the simplest working one it seems, but that makes SL too big sometimes, so I'll try to combine...
Yes, got your point. SL and TP is dynamic
Price is too tricky to handle
  • #187
  • Sep 10, 2015 4:21am Sep 10, 2015 4:21am
Quoting Plague
{quote} This has already been solved by @JensItzig in his EA, explanation is also posted few posts above yours, 50SMA +- 2*ATR
thanks plague, i've seen that. but i don't think i can put +- 2*ATR on built-in MA.
"If you run, you'll only die tired." - Sniper's philosophy
  • #188
  • Sep 10, 2015 5:20am Sep 10, 2015 5:20am
Quoting trikg
{quote} Yes, got your point. SL and TP is dynamic
I figured you do that, so the better you get at reading the graph the better your gains. As with any method
Do you use a simple rule, like previous swing lows, max 10pips etc. or is it really on a case-by case basis? I like using only low of few previous candles, but that can stop me out smetimes. On the other hands the loss is not that big...

Quoting tomiko
{quote} thanks plague, i've seen that. but i don't think i can put +- 2*ATR on built-in MA.
Well you can by writing a custom indicator. I would do that, but unless we rewrite all of them, there is no need not to use the fxglow one. And I do not yet know how to emulate the other ones.
  • #189
  • Sep 10, 2015 5:46am Sep 10, 2015 5:46am
Quoting Plague
{quote} I figured you do that, so the better you get at reading the graph the better your gains. As with any method Do you use a simple rule, like previous swing lows, max 10pips etc. or is it really on a case-by case basis? I like using only low of few previous candles, but that can stop me out smetimes. On the other hands the loss is not that big... {quote} Well you can by writing a custom indicator. I would do that, but unless we rewrite all of them, there is no need not to use the fxglow one. And I do not yet know how to emulate the other...
yeah, i use the fxglow one on my PC.
but since i'm planning to trade on my android device (which cannot execute ex4 indicator), so i'm looking forward how to duplicate the system using built-in indicator only.

well, if there's no solution, then.. it's okay. looks like i've got to stay with my PC. haha
"If you run, you'll only die tired." - Sniper's philosophy
  • #190
  • Sep 10, 2015 1:31pm Sep 10, 2015 1:31pm
Quoting tomiko
{quote} looks like i've got to stay with my PC. haha
that is what i do
2 hours on PC a day is not bad for scalping
Price is too tricky to handle
  • #191
  • Sep 10, 2015 2:57pm Sep 10, 2015 2:57pm
Quoting tomiko
there aren't much system to scalp on M1, but this is outstanding. yesterday i got many signals, and the winning probability is more than 50%. that means, even we use RR 1:1, at the end of the day we're still the winner. btw, since we don't have the mq4 here, i'd like to know how to rebuild the system using MA & stochastic only (i'm planning to trade on my mobile device, which can't execute ex4) i've tried the 50 SMA, drawn exactly over the center yellow line. but how to make the blue and pink bands? bessert scalper improved has smoothing 8 and stochastic...
Try this:
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM1.png Size: 82 KB


The VH is a little bit faster and doesn't go exactly along the middle of the channel but it works.
The ATR config. (60-72-3) is very close to the fxglow variant.
At least I am not getting all those nag-screens...

Attached File(s)
File Type: tpl _FF-atr.tpl   50 KB | 599 downloads

Attached File(s)
File Type: ex4 vh.ex4   5 KB | 629 downloads

Attached File(s)
File Type: mq4 ATR Channels.mq4   4 KB | 666 downloads
  • #192
  • Sep 11, 2015 1:18am Sep 11, 2015 1:18am
good, you can also use other indicators to modify the system to suite your needs. good luck
Price is too tricky to handle
  • #193
  • Sep 11, 2015 1:20am Sep 11, 2015 1:20am
Last day of the week folks, i hope some good scalps today
Price is too tricky to handle
  • #194
  • Sep 11, 2015 2:02am Sep 11, 2015 2:02am
Hello gentlemen, somebody stepped in the creation of EA? thanks a lot
  • #195
  • Sep 11, 2015 3:30am Sep 11, 2015 3:30am
UJ Short + 7 pips

Attached Image (click to enlarge)
Click to Enlarge Name: 11.PNG Size: 29 KB
Price is too tricky to handle
  • #196
  • Sep 11, 2015 3:31am Sep 11, 2015 3:31am
USDCAD long +7pips

Attached Image (click to enlarge)
Click to Enlarge Name: 22.PNG Size: 27 KB
Price is too tricky to handle
  • #197
  • Sep 11, 2015 3:43am Sep 11, 2015 3:43am
@tomiko: you can use remotedesktop in your phone to access your pc remotely

If you only want to get the signals, then a dashboard with push messages over meta trader on phone could also a possible solution.
  • #198
  • Sep 11, 2015 4:03am Sep 11, 2015 4:03am
Where have the "Bressert Scalper Improved.mq4","Bressert Scalper Improved.ex4" have no alert,it is a trouble...
  • #199
  • Sep 11, 2015 7:17am Sep 11, 2015 7:17am
@trikg could you post some bad entries too? I sometimes do get those and don't know whether I am doing something wrong or I just don't manage the trade properly.
  • #200
  • Sep 11, 2015 7:40am Sep 11, 2015 7:40am
Quoting Plague
@trikg could you post some bad entries too? I sometimes do get those and don't know whether I am doing something wrong or I just don't manage the trade properly.
Sure, i will look for bad setups i think. or loosing trades i have.
Price is too tricky to handle
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