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Any short-term tick / 10 sec scalpers???

  • #741
  • Edited Dec 9, 2015 3:49am Dec 8, 2015 4:49pm | Edited Dec 9, 2015 3:49am
Quoting max pips
{quote} How bad did this one get before it won Billy? Why were you so convinced the direction wasn't going to change? Good work mate Max
1./ Overall solid downtrend
2./ Upper orchid was a very strong level (watershed). I did not expect that price can break it.
3./ RR never was worse than 1:1, my original TP target was at the lower orchid line (it has been hit a bit later too after I closed the trade)
  • #742
  • Dec 8, 2015 5:37pm Dec 8, 2015 5:37pm
Experience, experience, experience then

Keep it up

Max
Gravity goes both ways in forex...
  • #743
  • Edited 3:47am Dec 9, 2015 3:32am | Edited 3:47am
Quoting max pips
Experience, experience, experience then Keep it up Max
Experience (screen time) is inescapable. But, good news, just a few months can be enough and you will know DAX's behavior (the easiest instrument, at least for me surely).
  • #744
  • Dec 9, 2015 4:27am Dec 9, 2015 4:27am
These are my levels on M30:

And, I placed a sell-limit at 640 and went from my screen away. Preset TP. When I was back, there was the profit in the pocket. +32 pips.
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  • #745
  • Edited 10:33am Dec 9, 2015 4:46am | Edited 10:33am
The attendance level is pretty low in this thread.
I think it would be a good idea to open a new thread, cos many traders are discouraged due to topic's title (10 sec). It sounds like HFT for many.
Don't you think?
  • #746
  • Dec 9, 2015 5:48am Dec 9, 2015 5:48am
Hi Billy

I will follow you whichever thread you go to/start. You are a revelation to me, everybody always says one cannot trade and be consistently profitable on short time frames.

You certainly proved otherwise, keep it up
When all conditions are met - Enter trade - sit back and FRET !!!
  • #747
  • Dec 9, 2015 7:47am Dec 9, 2015 7:47am
Quoting Billy888
The attendance level is pretty low in this thread. I think it would be a good idea to open a new thread, cos many traders are discouraged due to topic's title (10 sec). It sounds like HTF for many. Don't you think?
Do you recommend to scalp like this on EURUSD or only on DAX?
  • #748
  • Dec 9, 2015 9:00am Dec 9, 2015 9:00am
Quoting jsf
Hi Billy I will follow you whichever thread you go to/start. You are a revelation to me, everybody always says one cannot trade and be consistently profitable on short time frames. You certainly proved otherwise, keep it up
We're all Billyvers
persistence and determination alone are omnipotent
  • #749
  • Dec 9, 2015 9:51am Dec 9, 2015 9:51am
Hi Billy, If one has to start fresh with this chart, how long must it be left open to gather all the ticks so that the chart can be readable ?
My question is if you were to trade the london open with this, would you start the computer one or two hours before ? So that the tick data comes in and you have
enough scrolling distance to the left in order to see the levels in the chart ? Thereafter do you leave MT4 running throughout the day ?
I ask because this is my first time trying out the expert advisor.
Thanks,
Dmfx
  • #750
  • Dec 9, 2015 10:24am Dec 9, 2015 10:24am
Also, I'd like to ask if the advisor opens trades automatically and whether it draws the level lines itself or are these manual tasks ?
Thanks, I look forward to your replies
  • #751
  • Dec 9, 2015 10:26am Dec 9, 2015 10:26am
Hi guys, I'm here again, sorry but I had/have a lot of other works today.

@nixdem: you can use this method on all the instruments, but my personal favourite is DAX

@Ll1979:

@dmfx: for London open you can use higher timeframes for drawing levels. Anyway, I used to wait about 15-30 minutes before start to trade. This is no problem at all.
Generally I draw my horizontal lines (orchid) based on M30 and draw my trendlines (gold) as new levels emergence.
What does "automatical trade" mean? Don't understand what you mean.
  • #752
  • Dec 9, 2015 10:26am Dec 9, 2015 10:26am
Sorry my friend, that's not the reason. You are trading a method that requires thinking/discretion. If your charts included a fancy indicator with a green flashing light for buy and a red flashing light for sell, coupled with conspiracy theory, you would have a high volume thread and a red high impact member icon. Be glad that's the way it is. The market needs to get its liquidity from someplace.


Quoting Billy888
The attendance level is pretty low in this thread. I think it would be a good idea to open a new thread, cos many traders are discouraged due to topic's title (10 sec). It sounds like HTF for many. Don't you think?
SPC * Swollen PocketZ Crew!
  • #753
  • Dec 9, 2015 10:33am Dec 9, 2015 10:33am
Quoting JoeNY
Sorry my friend, that's not the reason. You are trading a method that requires thinking/discretion. If your charts included a fancy indicator with a green flashing light for buy and a red flashing light for sell, you would have a high volume thread and a red high impact member icon. Be glad that's the way it is. The market needs to get its liquidity from someplace. {quote}
Too bad, you are absolutely right!
  • #754
  • Dec 9, 2015 10:34am Dec 9, 2015 10:34am
Hi Billy, Thanks for your reply. I understand that you wait about 15-30 mins before starting to trade but if I start up the computer, MT4 and then attach this EA to a
new chart it would take 30 mins just to fill up the right-hand-side quarter portion of the chart - isn't it ? Therefore I'm inclined to think that though you may wait before
placing a trade, you would still need to open up the chart and let it run for more time right ? My question is how much more time ? Or, Is your pc and Mt4 always running ?
I hope you understand my question...
Thanks!
  • #755
  • Dec 9, 2015 10:45am Dec 9, 2015 10:45am
What I meant by automatically open trades is - whether it auto-trades ( opens buys and sells ) on it's own - Or, do you open trades manually ?
But I guess the answer is that it's a manual system.
I also wanted to ask whether the levels/lines are determined by you or whether the EA does it by itself ?
Thanks!
  • #756
  • Dec 9, 2015 10:52am Dec 9, 2015 10:52am
Quoting dmfx
Hi Billy, Thanks for your reply. I understand that you wait about 15-30 mins before starting to trade but if I start up the computer, MT4 and then attach this EA to a new chart it would take 30 mins just to fill up the right-hand-side quarter portion of the chart - isn't it ? Therefore I'm inclined to think that though you may wait before placing a trade, you would still need to open up the chart and let it run for more time right ? My question is how much more time ? Or, Is your pc and Mt4 always running ? I hope you understand my question... Thanks!...
I turn on my computer morning/forenoon, not runs constantly.
As I wrote, you can use higher tfs to define levels. I think this is clear:
"Generally I draw my horizontal lines (orchid) based on M30 and draw my trendlines (gold) as new levels emergence."
I don't know how many candles you need starting to trade. For me 20-30 candles may be enough, if price is at a significant level and I am able to see that which action emergences (break or rebound). But, generally I wait for 20-30 minutes at least.
You can see the times on my pictures, e.g. these candles show more than 45 minutes.
  • #757
  • Dec 9, 2015 10:56am Dec 9, 2015 10:56am
Quoting dmfx
What I meant by automatically open trades is - whether it auto-trades ( opens buys and sells ) on it's own - Or, do you open trades manually ? But I guess the answer is that it's a manual system. I also wanted to ask whether the levels/lines are determined by you or whether the EA does it by itself ? Thanks!
EA opens trades (or places pendings) by clicking on the proper button on TRADE PANEL. Read the user manual here.
It is not a robot, it is a special trading environment for discretionary trading.
Yes, manual lines (fortunately. Human eyes are the best indicators.).
  • #758
  • Dec 9, 2015 11:04am Dec 9, 2015 11:04am
ok, Thanks for the clarifications!
  • #759
  • Dec 9, 2015 11:12am Dec 9, 2015 11:12am
Quoting dmfx
ok, Thanks for the clarifications!
OK, go for it!
  • #760
  • Edited 12:02pm Dec 9, 2015 11:45am | Edited 12:02pm
Quick +65 pips on DAX. The Classic Trade: break out > rebound > break out > target.
See the support line, this can be found on my previous "level-map".
(Date on the picture is my broker's server time.)
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