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Attachments: Tick Chart Scalper
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Tick Chart Scalper

  • #61
  • Feb 15, 2016 12:53am Feb 15, 2016 12:53am
Quoting gharti
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
The test ran for 3 days.
On the first day I tried to trade every signal.
On the second day I followed the rules, but was a bit aggressive.
at the end of day 2 I left few positions open, as the equity increase (130%) was large enough to cover any sudden moves.
On the 3rd day (Friday) , I gambled, I didn't have access to a PC, and traded using smartphone, I took high leveraged no-SL trades against D1, as W1 was up >50%.
When US news came in, I was out of network coverage, and trades got stopped out.

So it was completely my fault.
No guts, no glory
  • #62
  • Feb 15, 2016 1:11am Feb 15, 2016 1:11am
A new Trade Explorer is attached.

so far 2 losers, and 1 winner of which I closed 1/2 position and trailed 1/2 by 10 pips.
This is the trade which is till running.

Attached Image (click to enlarge)
Click to Enlarge Name: ts_02_EU_1.PNG Size: 50 KB
No guts, no glory
  • #63
  • Feb 15, 2016 1:26am Feb 15, 2016 1:26am
Another short entry (smaller position as we still have one trade active).

Attached Image (click to enlarge)
Click to Enlarge Name: ts_02_EU_2.PNG Size: 58 KB
No guts, no glory
  • #64
  • Feb 15, 2016 2:19am Feb 15, 2016 2:19am
Another shot trade opened.

Attached Image (click to enlarge)
Click to Enlarge Name: ts_02_EU_3.PNG Size: 79 KB
No guts, no glory
  • #65
  • Feb 15, 2016 2:29am Feb 15, 2016 2:29am
Posting chart especially for a scalping system is inconvenient, for example the last trade was closed at BE just after I posted the chart.
So I will stop for now, I think the idea is clear. You just need to practice it.
For any questions I am available for the next 2 hours.

All the best
No guts, no glory
  • #66
  • Feb 15, 2016 2:34am Feb 15, 2016 2:34am
Quoting abokwaik
Posting chart especially for a scalping system is inconvenient, for example the last trade was closed at BE just after I posted the chart. So I will stop for now, I think the idea is clear. You just need to practice it. For any questions I am available for the next 2 hours. All the best
hi,great master,could you make it to a EA?
  • #67
  • Feb 15, 2016 2:39am Feb 15, 2016 2:39am
Quoting wanghaiyang
{quote} hi,great master,could you make it to a EA?
Thanks

Yes Sure I will make it into an EA, but later.
I need to feel the system first, as it is not possible to back test it.
No guts, no glory
  • #68
  • Feb 15, 2016 3:16am Feb 15, 2016 3:16am
Quoting abokwaik
Posting chart especially for a scalping system is inconvenient, for example the last trade was closed at BE just after I posted the chart. So I will stop for now, I think the idea is clear. You just need to practice it. For any questions I am available for the next 2 hours. All the best
Hello, Abokwaik!

First, thank you for the strategy and indi.

Can you tell, please, what is your criteria for exits of today's trades?

Artem
Let's go with the flow
  • #69
  • Feb 15, 2016 3:22am Feb 15, 2016 3:22am
Quoting artem_t
{quote} Hello, Abokwaik! First, thank you for the strategy and indi. Can you tell, please, what is your criteria for exits of today's trades? Artem
Either SL, Trailing Stop or price excessively retracing before reaching target profit.
This is scalping so we have to be alert.

I also move stop to BE after 5 to 10 pips in profit.
No guts, no glory
  • #70
  • Feb 15, 2016 3:25am Feb 15, 2016 3:25am
I think I didn't mention it earlier, but its better to avoid trading this system at news time.
Allow at least 5 to 10 minutes before/after hot news releases.
No guts, no glory
  • #71
  • Edited 1:41pm Feb 15, 2016 6:13am | Edited 1:41pm
EURUSD was hovering in a range around 1.1200 for the last 4 hours, without a clear direction.
Bias is still short, to be confirmed by a close below 1.1187, or invalidated by a break above daily open at 1.1233.
No guts, no glory
  • #72
  • Feb 15, 2016 7:25am Feb 15, 2016 7:25am
Quoting beheruzu
I was very interested in this approach, so I made a fast EA for this indicator to check the results. I also added a RSI filter if you are interested in filtering signals to those only in extreme levels, not just anywhere. Options also include an overall expected profit order closing. Please check and see if you have any ideas. My problem is, I cannot check the results in a back-test. @abokwaik Can you please explain why the indicator fails to produce signals in back-testing? To enable trading, set BlockTrades to false in inputs. Needless to say,...
Hello,
What is the meaning of the number under :"TakeProfitLevel;StoplossLevel=0.35?"
  • #73
  • Feb 16, 2016 4:18am Feb 16, 2016 4:18am
Yesterday I followed the rules as much as possible and ended up 4% up, trading only EURUSD, using low leverage.
Today I traded only GBPJPY using higher leverage and also followed the rules (most of the time), however price action was a real mess.

My final say on this : Its too dangerous, for me at least. So I am stopping this project.
No guts, no glory
  • #74
  • Feb 16, 2016 5:05am Feb 16, 2016 5:05am
Stopping this project could you share us some more scalping strategies that would be appreciated. I do scalping all the time and get returns 5 to 10% per day but there is no specific strategy.
  • #75
  • Feb 16, 2016 10:27am Feb 16, 2016 10:27am
Quoting gharti
Stopping this project could you share us some more scalping strategies that would be appreciated. I do scalping all the time and get returns 5 to 10% per day but there is no specific strategy.
You can check this one Need4Speed.
No guts, no glory
  • #76
  • Feb 16, 2016 10:29am Feb 16, 2016 10:29am
Just for the sake of testing I am gonna forward test an EA next week before dumping this system completely. Who knows, maybe its just me.
No guts, no glory
  • #77
  • Edited 2:51am Feb 17, 2016 2:33am | Edited 2:51am
This is an EA I wrote for this system,
It uses the Tick_Scalper_02 indicator.

I will start testing today.

Attached Image (click to enlarge)
Click to Enlarge Name: tcs_inputs.PNG Size: 40 KB
No guts, no glory
  • #78
  • Feb 17, 2016 2:53am Feb 17, 2016 2:53am
Sorry, I put it into a quick test and found a small bug in filtering.
I fixed it and re-uploaded again.
Attached File(s)
File Type: ex4 TickChartScalper_EA.ex4   23 KB | 1,901 downloads
No guts, no glory
  • #79
  • Feb 17, 2016 10:44am Feb 17, 2016 10:44am
Quoting abokwaik
Sorry, I put it into a quick test and found a small bug in filtering. I fixed it and re-uploaded again. {file}
Thank you
  • #80
  • Feb 17, 2016 12:24pm Feb 17, 2016 12:24pm
Hello Abokwaik
I run the EA all day and no trade opened.
Tx
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 135 KB
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