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Attachments: DayTrading Scalping Strategy M5 & M1
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DayTrading Scalping Strategy M5 & M1

  • #61
  • Oct 14, 2015 1:45am Oct 14, 2015 1:45am
Hi Nathan,

goodmorning!
Just to know,i see that you have a short trade hold since 9.54 am of this morning, why are you holding it if the price went higher of 23 pips against you?

Cheers,
Mirko
  • #62
  • Oct 14, 2015 9:10am Oct 14, 2015 9:10am
Tough trading today guys

But its all in a days work!

stay positive!
Just like a Midget at a urinal am always on my toes
  • #63
  • Oct 14, 2015 9:16am Oct 14, 2015 9:16am
Quoting sylbolid
Hi Nathan, goodmorning! Just to know,i see that you have a short trade hold since 9.54 am of this morning, why are you holding it if the price went higher of 23 pips against you? Cheers, Mirko
Hey buddy

I held coz i was waiting for opposite signal (bullish divergence)

I got that after 2hrs or so deep into London session ... as we approach london lunch time ...

so i exit with -15 pips loss or something close to that ... bad day today mate
Just like a Midget at a urinal am always on my toes
  • #64
  • Oct 14, 2015 9:53am Oct 14, 2015 9:53am
Quoting nthusiw
{quote} Hey buddy I held coz i was waiting for opposite signal (bullish divergence) I got that after 2hrs or so deep into London session ... as we approach london lunch time ... so i exit with -15 pips loss or something close to that ... bad day today mate
You was waiting for opposite signal... but you were not afraid that the price could go higher and higher?

This morning was very bad, no moving. After the usd news we had some movement where i could get my money back, but i was not at home...

Have a good evening,

Syl
  • #65
  • Oct 27, 2015 1:57am Oct 27, 2015 1:57am
What happened to the system....he hasn't posted for a while?
  • #66
  • Oct 30, 2015 3:45pm Oct 30, 2015 3:45pm
Hi Nathan

I have been following your thread, it seems like a good simple scalping system,
thank you for presenting it to us, it will be great if you return to show us some more of your trades.
I notice your Light Forex account was up earlier (Friday) and you was doing well
now I have noticed your account has taken a huge tumble what happened?

Regards Logic38 ​
  • #67
  • Oct 30, 2015 6:08pm Oct 30, 2015 6:08pm
Quoting logic38
Hi Nathan I have been following your thread, it seems like a good simple scalping system, thank you for presenting it to us, it will be great if you return to show us some more of your trades. I notice your Light Forex account was up earlier (Friday) and you was doing well now I have noticed your account has taken a huge tumble what happened? Regards Logic38 ​
Looks like the old, no stoploss / pray to your god / rusty razor blade in hand method. Bit like my trades....ha ha.
  • #68
  • Nov 1, 2015 6:48am Nov 1, 2015 6:48am
Quoting logic38
Hi Nathan I have been following your thread, it seems like a good simple scalping system, thank you for presenting it to us, it will be great if you return to show us some more of your trades. I notice your Light Forex account was up earlier (Friday) and you was doing well now I have noticed your account has taken a huge tumble what happened? Regards Logic38 ​
Hi,

Hope your wknd is shaping up well!
As promised earlier, m working on an EA that would take the trades for us.
What i have right now is still work in progress
EA messed up this account on Friday late session
I have since switched it off to work on the logic and refine it ...
In the meantime, trading manually seems to be way to go
Yes no stop loss abut exit on opp signal is my stop
Will share the EA in coming days as it looks faulty now
Maybe i can get a good coder here to fix it
One Indicator (Buffer line) is repainting and EA misses some executions
Use it at your own risk when i share it or open a cent account test it in there

Happy Trading month!
Be well, speak soon & be very happy always!
Just like a Midget at a urinal am always on my toes
  • #69
  • Nov 1, 2015 6:54am Nov 1, 2015 6:54am
Quoting Forexmeoff
{quote} Looks like the old, no stoploss / pray to your god / rusty razor blade in hand method. Bit like my trades....ha ha.
Stop Loss = Opposite signal

I never place a hard stop loss though. Never Ever. Just my method mate and i love it. Not soo scared of loosing either

Happy trading my friend!
Just like a Midget at a urinal am always on my toes
  • #70
  • Nov 3, 2015 10:03pm Nov 3, 2015 10:03pm
Quoting nthusiw
{quote} Stop Loss = Opposite signal I never place a hard stop loss though. Never Ever. Just my method mate and i love it. Not soo scared of loosing either Happy trading my friend!
Yeah, the stops kill the account...then it moves to where you wanted originally....i am actually trying to get a strategy so i dont have to use the hard stoploss...just a killer for these short time frames...sometimes by 1-2 points....too many stops sit at the swing lows- highs...get taken out by momentum....big players....whatever...then it turns after its already burnt youHope you can bounce back anyway....
  • #71
  • Nov 24, 2015 5:30am Nov 24, 2015 5:30am
Hi Nathan ​
I am glad to see you are making a come back, good luck
  • #72
  • Nov 25, 2015 5:44am Nov 25, 2015 5:44am
Quoting logic38
Hi Nathan ​ I am glad to see you are making a come back, good luck
Yes, Many Thanks am now above BE and in profit .. I had to change the strategy here. EA messed me up big time withh share the EA for discretionary use only in a few days.
Just like a Midget at a urinal am always on my toes
  • #73
  • Nov 25, 2015 11:20am Nov 25, 2015 11:20am
It looks like you have really put your account back into the green well done!

I am not so interested in the EA as I like to be involved with trading, have you just changed the strategy for the EA only? and to make the come back that you have, is that following your original system?
  • #74
  • Nov 25, 2015 1:02pm Nov 25, 2015 1:02pm
Now doing good again Sir! Please update your myfx too. Thank you>
One good trend, Pays for them all>
  • #75
  • Edited 4:43am Nov 26, 2015 4:29am | Edited 4:43am
Quoting logic38
It looks like you have really put your account back into the green well done! I am not so interested in the EA as I like to be involved with trading, have you just changed the strategy for the EA only? and to make the come back that you have, is that following your original system?
Yeah .. the EA is a hunk of junk. I realized that the strategy discussed herein had a lot of flaws that came out when coding the EA. Cannot really blame the coder but the strategy simply wasn't able to deliver long term going forward with the repainting indicators but can work well for a manual day trader

I am now using my old strategy to try recover what was mine. My strategy revolves around studying and analyzing tick volume data - VSA plus some market making as well.
Just like a Midget at a urinal am always on my toes
  • #76
  • Edited 4:44am Nov 26, 2015 4:30am | Edited 4:44am
Quoting Kenyagga
Now doing good again Sir! Please update your myfx too. Thank you>
I will publish it again soon .. pulled it down a few weeks back coz of frustrations! hahaha ... it happens!
Just like a Midget at a urinal am always on my toes
  • #77
  • Edited 3:42pm Nov 26, 2015 11:29am | Edited 3:42pm
Quoting nthusiw
my goal is to make 40 pips a day! ... Average win per trade is 5 pips. So i simply make 8 trades and am done for the day!

You have a 100% win-rate, then, for those figures to be valid?! It's magic ...


Quoting nthusiw
Please note that we have strict trading time lines 1. Early London pre london open 7GMT - 11GMT - MORNING SESSION 2. 2GMT - 5GMT - AFTERNOON SESSION TOTAL = 5hrs a day

It must be this "new math", I suppose? When I was at high school (which wasn't long ago, at all), 7.00 to 11.00am and 2.00pm to 5.00pm added up to 7 hours a day, not 5. I guess it's true what they say: you can fool almost anyone with figures ...
  • #78
  • Nov 27, 2015 5:05am Nov 27, 2015 5:05am
Quoting Xela
{quote} You have a 100% win-rate, then, for those figures to be valid?! It's magic ... {quote} It must be this "new math", I suppose? When I was at high school (which wasn't long ago, at all), 7.00 to 11.00am and 2.00pm to 5.00pm added up to 7 hours a day, not 5. I guess it's true what they say: you can fool almost anyone with figures ...
If you have taken time to read through the thread I said and will repeat ... The strategy discussed herein failed ... and am now trading my old strategy which is VSA + Market making. Nonetheless you are entitled to your own opinion. I respect that. Good Luck with your trading
Just like a Midget at a urinal am always on my toes
  • #79
  • Nov 30, 2015 10:58am Nov 30, 2015 10:58am
good win rate...

are you martingaling? 377 lots is quiet a lot...
practising coitus interruptus
  • #80
  • Nov 30, 2015 12:42pm Nov 30, 2015 12:42pm
Quoting avibe
good win rate... are you martingaling? 377 lots is quiet a lot...
Thank you. Please check my lot distribution. Nothing close to martingale. I have an Equity stop loss to protect about 60% of my capital.

This kind of trading (quant) is only suitable to high risk investors. Take note the pip value herein not the lot sizes. Am not here to play games or fool anyone

Please note that this thread is no longer valid but will not delete it ... for anyone willing to take up my EA prototype free or make the strategy better. Am open to ideas

Many Thanks.
Just like a Midget at a urinal am always on my toes
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