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Attachments: LV-HP Scalping System
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LV-HP Scalping System

  • #1
  • First Post: Edited Mar 6, 2016 12:11pm Mar 5, 2016 3:58pm | Edited Mar 6, 2016 12:11pm
Aynone interested in a pretty high probabilty scapling system which is used best after London trading hours?

Below are 6 trades, not one loser and while my SL was 1%/portfolio per trade, some of them when for 1% but a few for much less.

Obviosuly, one indicator is missing. As soon as I add it, it will all make sense.

Attached Image (click to enlarge)
Click to Enlarge Name: LV-HP Scalp.PNG Size: 52 KB


This system is extremely easy to trade and should be pretty simple to automate.

Low Volatility - High Probabilty Scalping System

Rule 1) Never trade between London's open and close!
Rule 2) ???


Before we proceed, who can guess what the missing indy is???

I've tested this live and did some random backtests. It seems to work great.
Attached File(s)
File Type: tpl LV-HP.tpl   6 KB | 643 downloads
File Type: ex4 __Daily Candle.ex4   28 KB | 685 downloads
File Type: ex4 Donchian Bands.ex4   3 KB | 715 downloads
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #2
  • Mar 5, 2016 4:38pm Mar 5, 2016 4:38pm
Stochastic? :-P
  • #3
  • Mar 5, 2016 5:08pm Mar 5, 2016 5:08pm
Quoting laksior
Stochastic? :-P
No, that would be waaay to easy but you are headed in the right direction.

Those who know me and have seen me post in here should know.... Donchian Bands!

Here you go, doesn't get more simple than this.

Rule 1) Never trade between London's open and close!
Rule 2) Only trade pairs with tight spreads during these hours (after London)
Rule 3) Only trade with the daily trend (I added the _Daily Candle Indy, it should be on FF somewhere)
Rule 4) Never trade close to impact news releases. You willlose money, I promise you, you will!

Attached Image (click to enlarge)
Click to Enlarge Name: LV-HP Scalp1.PNG Size: 60 KB


TF: M1
Indicators: _Daily Candle, Donchian Bands (20) and an MA200 (although not manditory)

Entry (towards the end of an uptrending day):
*Note, we are only going long on an up day! (on a down day,the complete opposite)
1) Set a buy order on the lower Donchian band with a TP at the upper band and a SL with the exact same distance
2) Adjust SL and TP while the Donchian shifts (your TP will never extend, neither will your SL. They will only decrease in length.)
3) If price drops and add a second buy order 5 candles later and repeat step1 and 2


You will have a few trades which will run for 1% but most trades will net you about 30-80% of your target. Do not get greedy and leave your TP/SL there. You are moving with the market,which is hopefully not trending.

This system is basically a reverse Turtle-System. The original Turtle System was a breakout system which performed best on 1D charts. This is a swing trading system used best in flat markets... This is why we try to stay away from active periods.

I amlooking forward to some imput and any sort of tips. Thanks guys and gals!
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #4
  • Mar 5, 2016 5:42pm Mar 5, 2016 5:42pm
Quote
Indicators: _Daily Candle, Donchian Bands (20) and an MA200 (although not manditory)
Could you please post the donchian bands indicator
Old ways dont open new doors
  • #5
  • Mar 6, 2016 12:26am Mar 6, 2016 12:26am
yes without indicator we cant check the system please post the indicator and full rules for entry and exit
  • #6
  • Mar 6, 2016 6:02am Mar 6, 2016 6:02am
subscribed, the approach looks interesting
  • #7
  • Mar 6, 2016 6:11am Mar 6, 2016 6:11am
Thanks, I'll post the indys and a template later today, then some live setups Monday after Londons close.
Quoting Kunay9
subscribed, the approach looks interesting
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #8
  • Mar 6, 2016 6:42am Mar 6, 2016 6:42am
will be great
  • #9
  • Mar 6, 2016 8:34am Mar 6, 2016 8:34am
Am anxiously waiting for it.
Jakepuia
  • #10
  • Mar 6, 2016 9:27am Mar 6, 2016 9:27am
are you using this one?
Attached File(s)
File Type: ex4 ay-donchian-channel.ex4   9 KB | 533 downloads
  • #11
  • Mar 6, 2016 12:12pm Mar 6, 2016 12:12pm
All indicators and teh template are in the first post. Good luck!
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #12
  • Mar 6, 2016 2:35pm Mar 6, 2016 2:35pm
A mission for Abokwaik
  • #13
  • Mar 7, 2016 7:00am Mar 7, 2016 7:00am
I decided to give the system today during London trading hours and it seems to work fine. Please note, today is a quiet day with no real impact news on the market.


8 trades (ignore that 2.50 lot AC trade, that was not triggered by this system)
5 winners
3 losers
Max risk; 0.5% / portfolio
Profit; ca. 1% / portfolio

Attached Image (click to enlarge)
Click to Enlarge Name: LVHP.PNG Size: 81 KB


We will see how it performs tonight...
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #14
  • Mar 7, 2016 7:32am Mar 7, 2016 7:32am
Here's a great example of how this system can also work in trending markets.

There are two things I am looking at before I enter:

a) Which direction in the daily candle trending?
b) Are my two MA's in sync with that trend (I'm currently using a 350 and 150 MA on the M1 chart)

Attached Image (click to enlarge)
Click to Enlarge Name: LVHP1.PNG Size: 55 KB


5 entries
3 winners (0.7 - 1% profit) one trade is still open, but is about to close
1 loser (ca. -0.2% profit)
1 breakeven trade
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #15
  • Mar 7, 2016 8:56am Mar 7, 2016 8:56am
Quoting Shemski
Here's a great example of how this system can also work in trending markets. There are two things I am looking at before I enter: a) Which direction in the daily candle trending? b) Are my two MA's in sync with that trend (I'm currently using a 350 and 150 MA on the M1 chart) {image} 5 entries 3 winners (0.7 - 1% profit) one trade is still open, but is about to close 1 loser (ca. -0.2% profit) 1 breakeven trade
Hi Shemski,

Did you consider using BB instead of DB ?, as DB is used more for breakouts, and stop trailing.
No guts, no glory
  • #16
  • Mar 7, 2016 9:58am Mar 7, 2016 9:58am
Quoting abokwaik
{quote} Hi Shemski, Did you consider using BB instead of DB ?, as DB is used more for breakouts, and stop trailing.
was thinking about a similar system like you sayd Abowaik

rules of that system are easy:

break of lower channel of BB we buy with same stoploss/target using M15 ATR

break of higher channel of BB we sell with same stoploss/target using M15 ATR

avoid london open, us open, medium/high impact news, strong trends ( or during strong trend we only follow market when price break countertrend )

what do you think guys about this?
Attached Image
  • #17
  • Mar 7, 2016 10:06am Mar 7, 2016 10:06am
Quoting abokwaik
{quote} Hi Shemski, Did you consider using BB instead of DB ?, as DB is used more for breakouts, and stop trailing.

I am playing with the idea of price bouncing of a period "X" high and that is why I'd prefer to use Donchian. May I ask why you'd suggest Bollinger Bands? Thanks
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #18
  • Mar 7, 2016 10:10am Mar 7, 2016 10:10am
Quoting Kunay9
{quote} was thinking about a similar system like you sayd Abowaik rules of that system are easy: break of lower channel of BB we buy with same stoploss/target using M15 ATR break of higher channel of BB we sell with same stoploss/target using M15 ATR avoid london open, us open, medium/high impact news, strong trends ( or during strong trend we only follow market when price break countertrend ) what do you think guys about this? {image}

Sure, why not. Again, the whole idea of the system is swing trading against a period-X's high. Bollinger Bands are calculated differently.

Please keep on posting, maybe we can merge both ideas!
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #19
  • Mar 7, 2016 10:41am Mar 7, 2016 10:41am
Quoting Shemski
{quote} Sure, why not. Again, the whole idea of the system is swing trading against a period-X's high. Bollinger Bands are calculated differently. Please keep on posting, maybe we can merge both ideas!
well i'm not sure that could be that profitable my money/trade managment on your system cause yours its more trend follower rather than volatility trading

i like your idea by the way, keep posting charts and results you too and sorry for that OT
  • #20
  • Mar 8, 2016 12:19pm Mar 8, 2016 12:19pm
I'm also interested in charts.
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