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Tick Chart Scalper

  • #41
  • Feb 12, 2016 12:58pm Feb 12, 2016 12:58pm
Quoting leancuisine
{quote} Didn't last though, he got -976 pips today (-99.9% loss).
I see it, but it seems that the account was killed by the last few trades...my guess is that he increased his risk or made an unsuccessful modification to his method?
Anyway, its and interesting concept.
  • #42
  • Feb 12, 2016 1:13pm Feb 12, 2016 1:13pm
Quoting JoshuaHope
{quote} I see it, but it seems that the account was killed by the last few trades...my guess is that he increased his risk or made an unsuccessful modification to his method? Anyway, its and interesting concept.
Look into the trade list - they all were yesterdays trades, more than 100 pips in loss.
  • #43
  • Feb 12, 2016 1:48pm Feb 12, 2016 1:48pm
Quoting Halley
{quote} Look into the trade list - they all were yesterdays trades, more than 100 pips in loss.
I have looked at the trade list. Thats the thing - i dont understand why he carried trades from 2/11 to 2/12 considering this is a fast "in and out" tactics. Most of the trades on 2/11 were 1-3 minutes, some up to 60 minutes...and most loses were only for a few pips. Why let trades run 100 pips under? My guess he tried a different approach relative to the previous trades.
Best, Josh
  • #44
  • Feb 12, 2016 11:16pm Feb 12, 2016 11:16pm
Quoting JoshuaHope
{quote} I have looked at the trade list. Thats the thing - i dont understand why he carried trades from 2/11 to 2/12 considering this is a fast "in and out" tactics. Most of the trades on 2/11 were 1-3 minutes, some up to 60 minutes...and most loses were only for a few pips. Why let trades run 100 pips under? My guess he tried a different approach relative to the previous trades. Best, Josh
If I were to take a guess as to what happened, it seems to me that he set a EA to automatically open the trades and for whatever reason, TP and SL were not properly implemented. Maybe a bug in the EA or something. I can't picture him letting the trades run so long and so deep into the hole if he were doing it manually. Too big of a difference between the first trades and the last few killer trades.

But im curious to hear from him what was different this time around.
  • #45
  • Feb 13, 2016 12:37am Feb 13, 2016 12:37am
I will keep the trade explorer for a couple of days, as it is a good example of how one can double an account in 2 days and loose it all on the 3rd day.

Scalping systems, especially a tick based one, requires your FULL ATTENTION !
Only ONE PAIR at a time.
Price Action basic knowledge is a must.

Its a tense job. So its better to trade not more that 4 hours a day.
No guts, no glory
  • #46
  • Feb 13, 2016 12:50am Feb 13, 2016 12:50am
Sample Screen Setup.

Attached Image (click to enlarge)
Click to Enlarge Name: tcs_01.PNG Size: 61 KB


Tick Indicator on M1 chart, Max Zoom Out.
a Higher time frame (preferably H1) mini-chart on the right.

I will post more live examples this week, after market opens.
No guts, no glory
  • #47
  • Feb 13, 2016 1:14am Feb 13, 2016 1:14am
Quoting abokwaik
I will keep the trade explorer for a couple of days, as it is a good example of how one can double an account in 2 days and loose it all on the 3rd day. Scalping systems, especially a tick based one, requires your FULL ATTENTION ! Only ONE PAIR at a time. Price Action basic knowledge is a must. Its a tense job. So its better to trade not more that 4 hours a day.

HOw did that happen? Did you walk away from it and forget to set your SL? You were on a nice little streak for a while there...
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #48
  • Feb 13, 2016 1:28am Feb 13, 2016 1:28am
Quoting Shemski
{quote} HOw did that happen? Did you walk away from it and forget to set your SL? You were on a nice little streak for a while there...
Ya, something like that.
No guts, no glory
  • #49
  • Edited 2:45am Feb 13, 2016 1:41am | Edited 2:45am
A tick chart can be traded like any other time frame chart. Only difference is Targets and Stops will be smaller, ideally in spread multiples (i.e. SL 3 x spread, target 5 x spread).

In normal price behavior, Ask and Bid prices move together, on an up price Ask moves 3 points up, Bid follows by 3 points up and so on.

We are looking for abnormal behavior :

  1. Bid moves 3 points up, Ask moves 12 points up (Demand higher than supply)
  2. Ask moves 3 points down, Bid moves 20 points down (Supply higher than demand).
  3. Bid moves 3 points down, Ask moves 7 points up (Demand higher than supply).
  4. Ask moves 5 points up, Bid moves 15 points down (Supply higher than demand).

To validate a good up move, the Bid line has to cross up the last Ask signal.
To validate a good down move, the Ask has to cross down the last Bid signal.

We can choose to trade it 1 position at a time (less risk), or add new positions on new valid signals.

Entries better be filtered by Higher Time frame (H1), and Daily time frame, so we take only long signals on an bullish day, and only short signals on a bearish day.

No guts, no glory
  • #50
  • Feb 13, 2016 3:05am Feb 13, 2016 3:05am
Is this are correct settings for Tick_Scalper_02?

Attached Image
  • #51
  • Feb 13, 2016 3:24am Feb 13, 2016 3:24am
Quoting laksior
Is this are correct settings for Tick_Scalper_02? {image}
Minimum Points input is broker/pair dependent, even session dependent
Of course the indicator is not useful on 4-digit brokers, or Fixed Spread accounts, or zero spread accounts.

ideal use is on variable spread accounts with no-commission.
No guts, no glory
  • #52
  • Feb 13, 2016 3:28am Feb 13, 2016 3:28am
Let's say i want to scalp on GBP/JPY on Global Prime Broker.
My spread is about 1.2 to 2.0 pips.
I want to trade London and NY sessions.

Any suggestions about Minimum Points input?
  • #53
  • Feb 13, 2016 3:46am Feb 13, 2016 3:46am
Quoting laksior
Let's say i want to scalp on GBP/JPY on Global Prime Broker. My spread is about 1.2 to 2.0 pips. I want to trade London and NY sessions. Any suggestions about Minimum Points input?
something between 10 to 20 points.
If you get too many signals on 10 points, try it on 15. and so on.

You should get max 2 signals in a minute.
No guts, no glory
  • #54
  • Feb 13, 2016 3:47am Feb 13, 2016 3:47am
Quoting abokwaik
A tick chart can be traded like any other time frame chart. Only difference is Targets and Stops will be smaller, ideally in spread multiples (i.e. SL 3 x spread, target 5 x spread). In normal price behavior, Ask and Bid prices move together, on an up price Ask moves 3 points up, Bid follows by 3 points up and so on. We are looking for abnormal behavior : Bid moves 3 points up, Ask moves 12 points up (Demand higher than supply) Ask moves 3 points down, Bid moves 20 points down (Supply higher than demand). Bid moves 3 points down, Ask moves 7 points...
So You wait with Your entry until the signal is validated or do You enter right at the signal and stay longer in the trade when its validated?
  • #55
  • Feb 13, 2016 4:08am Feb 13, 2016 4:08am
Quoting abokwaik
{quote} something between 10 to 20 points. If you get too many signals on 10 points, try it on 15. and so on. You should get max 2 signals in a minute.
many thanx
  • #56
  • Feb 13, 2016 4:20am Feb 13, 2016 4:20am
Quoting thecambist
{quote} So You wait with Your entry until the signal is validated or do You enter right at the signal and stay longer in the trade when its validated?
1- Typical Mode:

  1. Signal should be in H1 and D1 direction (i.e. Buy only if D1 and H1 are both up)
  2. Enter on Validated Signal
  3. SL = 3 x spread, or Tick chart swing low/high. with at least 1:2 Risk/Reward ratio.
  4. No add on.
  5. optionally Trail by SL


2- Aggressive Mode:

  1. Entry should be in H1 and D1 direction (i.e. Buy only if D1 and H1 are both up)
  2. First entry :

    1. Enter once Signal appears (i.e. buy signal), OR
    2. Enter on invalidated opposite signals (i.e sell signal appears, then broke up by Bid price).


  3. Add on consecutive direction signals (i.e. Buy signals) preferably with smaller sizes (pyramiding)
  4. SL = 3 x spread, or Tick chart swing low/high.
  5. Exit on max of three consecutive signals in profit., OR, on validated opposite signal.


Please note that I am still practicing this thing, unfortunately I can not dedicate the required screen time, so I am relying on you guys to practice this and come up with additional and maybe better setups.

Once that is achieved, it can be easily built into an EA which can trade multiple pairs simultaneously, and better validate those setups.

No guts, no glory
  • #57
  • Feb 13, 2016 4:39am Feb 13, 2016 4:39am
Thy for the quick reply
  • #58
  • Feb 13, 2016 5:20am Feb 13, 2016 5:20am
I always like scalping and this one seems to be very profitable (if we put 100% focus I believe). Could you tell us what exactly the cause of account wiped out? were you not willing to take losses and wait for open losing positions to come in your way or did you went outside and forgot to close the loosing trades? Thanks
  • #59
  • Edited Mar 26, 2023 7:24pm Feb 14, 2016 2:16pm | Edited Mar 26, 2023 7:24pm
perhaps three usefull indicators

Attached Image (click to enlarge)
Click to Enlarge Name: GER30M5.png Size: 53 KB




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Attached File(s)
File Type: mq4 nonlagdot.mq4   5 KB | 914 downloads
File Type: ex4 Strength_candles.ex4   256 KB | 1,007 downloads
  • #60
  • Feb 15, 2016 12:42am Feb 15, 2016 12:42am
Quoting balouf
perhaps three usefull indicators {file} {file} {file} {image}
Thank you.
No guts, no glory
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