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Scalping Trend with DSS and Pullbacks

  • #701
  • Feb 24, 2016 4:16am Feb 24, 2016 4:16am
asia time
DSS setup AJ M5 I sold
tp +15
http://s16.postimg.org/43rml35k5/ajt.png
  • #702
  • Feb 24, 2016 7:22am Feb 24, 2016 7:22am
london time
DSS setup UC M5 I bought
http://postimg.org/image/eh9t3qaxf/
  • #703
  • Feb 24, 2016 1:59pm Feb 24, 2016 1:59pm
Quoting Bsan89
{quote} Hello, I use the ball_complete indicator posted awhile ago.It combines all the indicators into one arrow indicator with an alert pop up. Helps me monitor a few pairs at the same time.
Nice! I Need To check this
"If it wasn't hard everyone would do it. Its the hard that makes it great."
  • #704
  • Feb 25, 2016 1:23am Feb 25, 2016 1:23am
Great trading method seems have high accuracy and Anyone have an alert indicator for this, which gives some sound alert when conditions are met, becoz its hard to watch 5 min charts always, Thank You
Failure is not failure if you learn from it...
  • #705
  • Feb 25, 2016 1:55am Feb 25, 2016 1:55am
Quoting suneth2
Great trading method seems have high accuracy and Anyone have an alert indicator for this, which gives some sound alert when conditions are met, becoz its hard to watch 5 min charts always, Thank You
Try the balls_complete indicator posted a while back. It puts everything into an arrow indicator with alert. Very helpful for backtesting too. I use that and the bands indicator for my profit taking.
I have tested it against the original posted indicators and it is exactly the same.

Goodluck with your trades today everyone!
  • #706
  • Feb 26, 2016 4:38am Feb 26, 2016 4:38am
How is everyone going?

Yesterday was a pretty bad day for trading I think. I managed to stay out of it luckily after watching many possible trades go bad. We need to watch out for those days!

Today is looking a little bit better. I have got 10 pips on GBPCHF so far
Attached Image (click to enlarge)
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How does everyone filter their trades?

Hope everyone is doing ok!
  • #707
  • Feb 26, 2016 5:30am Feb 26, 2016 5:30am
asia time
DSS setup EJ M5 I bought
tp +15
http://postimg.org/image/o6tfe9gr1/
  • #708
  • Feb 26, 2016 7:29am Feb 26, 2016 7:29am
Today EU and GU had some nice buy orders, i couldn't able to trade those, I'll post next time
Failure is not failure if you learn from it...
  • #709
  • Feb 26, 2016 11:32am Feb 26, 2016 11:32am
Quoting Bsan89
How is everyone going? Yesterday was a pretty bad day for trading I think. I managed to stay out of it luckily after watching many possible trades go bad. We need to watch out for those days! Today is looking a little bit better. I have got 10 pips on GBPCHF so far {image} How does everyone filter their trades? Hope everyone is doing ok!
Hey Bsan89,
i can't find the arrow indicator, would you mind to upload it once again?
"If it wasn't hard everyone would do it. Its the hard that makes it great."
  • #710
  • Feb 26, 2016 2:08pm Feb 26, 2016 2:08pm
Quoting M0ndm4nn18
{quote} Hey Bsan89, i can't find the arrow indicator, would you mind to upload it once again?
http://www.forexfactory.com/showthre...98#post8629598 ----- POST#335
Being a fxtrader is not easy. Ones must working hard.
  • #711
  • Feb 27, 2016 8:34am Feb 27, 2016 8:34am
Quoting sriloba
{quote} http://www.forexfactory.com/showthre...98#post8629598 ----- POST#335
Thanks, i just backtested it and it looks really creepy...
Bsan89, do you really trade with this indicator?
It gives so many false entries and misses so many good entries. Can't get it how this indi works
"If it wasn't hard everyone would do it. Its the hard that makes it great."
  • #712
  • Feb 27, 2016 9:04am Feb 27, 2016 9:04am
Quoting M0ndm4nn18
{quote} Thanks, i just backtested it and it looks really creepy... Bsan89, do you really trade with this indicator? It gives so many false entries and misses so many good entries. Can't get it how this indi works
If you are talking about the "complete" indicator, then yes, thats the one I use.

If you run that indicator with the original indicators at the same time, you will see that the arrows are showing on the correct candles as described at the start of this thread. Sure there are false signals, but that is not the arrow indicators fault, this system does have bad signals, like any other system.

I think the biggest thing is to try to trade with the trend and you will be fine. The lose I have had have only been when I have traded against the prevailing trend.

Can you give me an example of one of the missed good entries and one of the bad entries? Like I said, try compare it with the original indicators at the same time. I have been browsing over my charts quickly, and like I said, the arrows are showing when the rules are met. The only rules that are not part of the arrow indicator are the average daily range, and space to the upper band, but they are very easy to check quickly.

Please let me/us know if you do find any big differences! Like I said, I haven't yet, but maybe I am missing something? I would hate to be messing something up!

Thanks
  • #713
  • Feb 27, 2016 2:40pm Feb 27, 2016 2:40pm
Hoi,

I see many beginners here, when you only trade the entry signals without thinking, it is a looser strateghy.
Have you thought through what the indicators do?
The MAOMAH is based on moovig averages, so it tell you the direction (no chance in sideways,and lag)
The ATRband, show you, a possibility that the price can turn. (lag too, when a big move come in, you will lose)
The dssbessert, is based on stochastic, and can give you an early entry.(Without S/D zone is only an entry with low success)

So what you need to find supply/demand zones, and PA confirmation to enter!!!!!! (price dont lag!)
I use nonlagdot, to confirm entry, and I wait 1 timeframe upper a PA confirmation.
Plan the trade and trade the plan!!! You need to mark zones where you are waiting for possible entry. Place there a price alert, and you dont need to whach the charts all time. I manage 29 charts at same time!! Whit planning, you can choose, the 3-4-5 best pair, and you only need to wait for the alert, and the trade will come...
Attached Image (click to enlarge)
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  • #714
  • Feb 27, 2016 7:41pm Feb 27, 2016 7:41pm
Quoting Beertje
Hoi, I see many beginners here, when you only trade the entry signals without thinking, it is a looser strateghy. Have you thought through what the indicators do? The MAOMAH is based on moovig averages, so it tell you the direction (no chance in sideways,and lag) The ATRband, show you, a possibility that the price can turn. (lag too, when a big move come in, you will lose) The dssbessert, is based on stochastic, and can give you an early entry.(Without S/D zone is only an entry with low success) So what you need to find supply/demand zones, and...
Thank you for the valuable information mate, Do you use some indicator for supply and demand levels or manually drawing those.
Failure is not failure if you learn from it...
  • #715
  • Feb 28, 2016 1:16am Feb 28, 2016 1:16am
Quoting suneth2
{quote} Thank you for the valuable information mate, Do you use some indicator for supply and demand levels or manually drawing those.
I do it manually.
I will post some examples later.
  • #716
  • Feb 29, 2016 9:14pm Feb 29, 2016 9:14pm
I'm currently testing on GBPUSD,EURUSD and AUDUSD on 5 min time frame the results seems fair, is there have some other profitable pairs someone tested before
Failure is not failure if you learn from it...
  • #717
  • Feb 29, 2016 11:42pm Feb 29, 2016 11:42pm
Quoting suneth2
I'm currently testing on GBPUSD,EURUSD and AUDUSD on 5 min time frame the results seems fair, is there have some other profitable pairs someone tested before
Many pairs can bee profitable, when it have a right move. To have a pullback, you need to have a clear direction. There are good and bad weeks at all pair, this is because I watch more pairs, an chose the best ones.
Attached Image (click to enlarge)
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  • #718
  • Mar 3, 2016 1:11pm Mar 3, 2016 1:11pm
Unfortunately today I had no time to trade... Look it on M15, where the setup was formed, and the nice candle on M30, the confirmation.
Attached Image (click to enlarge)
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  • #719
  • Edited 6:55pm May 4, 2016 5:58pm | Edited 6:55pm
Greeting FF Traders,

I have tried automating this system and from my current experience with using it in a competition(see results below; first trade was manually done using another system and all other trades were the automated bot version of DSS.)

This system is one of the most accurate scalping system I have ever used...I made a -$18k lost and essentially have almost recouped the lost in less than 4 days of trading this system on just 8 pairs on the M5 TF mainly.

A few observations that may have already been mentioned here already but for the Noobies interested in using this and then abandoning it after 3-6 loses:

1. Always check FF for how many High and Mid impact news are coming for each trading day(if you see more than 20 News reports for the day take a break and go enjoy the sunshine from your trading dungeon) In the competition the few loses you see are in part ignorance on my part for for forgetting to check my fundamentals and that day had over 30 news releases!(even then the system still made pips)

2. Trade with the trend and stick with the trend and you will make money guaranteed...even after loses.

3. Use common sense and exercise constant MM in all your trades...this will further reinforce the above guaranteed wins.

4. Set a realistic TP based on what the average movement of pips(Open-Close) of the last 20 bars has given on whichever TF you choose to trade on and try using this instead as your TP(this might just increase your hit rate and limit your exposure to risk...) set a SL based on the average movement of pips(High-Low) of the last 20 bars has given on whichever TF you choose to trade(this might just decrease your stop rate and limit your exposure to risk...) the Spot market is a fluid thing and is in constant flux.

Before you ask any questions, make snarky remarks or scoff at the above...give it a try..nothing beats empirical data & testing...may pips follow you all the way to your bank accounts!

- Battousaib
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  • #720
  • May 19, 2016 10:48am May 19, 2016 10:48am
Quoting Battousaib
Greeting FF Traders, I have tried automating this system and from my current experience with using it in a competition(see results below; first trade was manually done using another system and all other trades were the automated bot version of DSS.) This system is one of the most accurate scalping system I have ever used...I made a -$18k lost and essentially have almost recouped the lost in less than 4 days of trading this system on just 8 pairs on the M5 TF mainly. A few observations that may have already been mentioned here already but for the...

good result ...currency correlation with this strategy helps a lot ....
Position sizing, risk & phycology management are real definition of trading
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