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Attachments: Simple trading: levels and price action (mainly on DAX)
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Simple trading: levels and price action (mainly on DAX)

  • #361
  • Apr 28, 2016 8:18am Apr 28, 2016 8:18am
+42 pips (break out from auto-level)
Attached Image (click to enlarge)
Click to Enlarge Name: ScalperChart for MT4_20160428_161650.png Size: 110 KB
  • #362
  • Apr 28, 2016 11:32am Apr 28, 2016 11:32am
Attached Image (click to enlarge)
Click to Enlarge Name: ScalperChart for MT4_20160428_193007.png Size: 101 KB
  • #363
  • Apr 28, 2016 1:33pm Apr 28, 2016 1:33pm
Let's see. Trades at auto-levels. Currently in +34 pips, target at +110, stop at breakeven (at round number). I don't let it to go into minus.
Look, how supports turn to resistances!
Attached Image (click to enlarge)
Click to Enlarge Name: ScalperChart for MT4_20160428_212745.png Size: 112 KB
  • #364
  • Apr 28, 2016 1:48pm Apr 28, 2016 1:48pm
I have to go now, so finally closed them in +60 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: ScalperChart for MT4_20160428_214356.png Size: 138 KB
  • #365
  • Apr 28, 2016 1:51pm Apr 28, 2016 1:51pm
LOL, LOL and gigaLOL ...
Nevermind!
Attached Image (click to enlarge)
Click to Enlarge Name: ScalperChart for MT4_20160428_214930.png Size: 127 KB
  • #366
  • Apr 28, 2016 1:52pm Apr 28, 2016 1:52pm
Nice work Billy. I am still studying the MM levels. I think I will have to try the charting tool you use so I can see the auto levels working too. Also their trade manager looks good too....
  • #367
  • Apr 28, 2016 2:02pm Apr 28, 2016 2:02pm
Hey Billy, Whats the benefit of the 24 tick chart over the 12 second chart?
Good trading today....as always
Max
Gravity goes both ways in forex...
  • #368
  • Apr 28, 2016 2:25pm Apr 28, 2016 2:25pm
Quoting Billy888
Let's see. Trades at auto-levels. Currently in +34 pips, target at +110, stop at breakeven (at round number). I don't let it to go into minus. Look, how supports turn to resistances! {image}
In this image how do you get the chart to show the value of your take profit?

Ta mate
Max
Gravity goes both ways in forex...
  • #369
  • Apr 28, 2016 2:44pm Apr 28, 2016 2:44pm
Quoting max pips
{quote} In this image how do you get the chart to show the value of your take profit? Ta mate Max
Hey Max, 12 seconds and 24 ticks are pretty similar (generally there are 1-3 ticks/second), no special benefit. I did try it and use it. You can use the 12 sec if it is better for you. The essence: not too fast, not too slow. Optimal for controlling the price actions around the levels.
Take profit value: see the picture. This is a global TP/SL.
Attached Image (click to enlarge)
Click to Enlarge Name: ScalperChart for MT4_20160428_212745.png Size: 127 KB
  • #370
  • Apr 28, 2016 2:54pm Apr 28, 2016 2:54pm
Ta mate, it would be nice to see those take profit , loss figures on all take profits/ stop losses in a future version.
Max
Gravity goes both ways in forex...
  • #371
  • Apr 28, 2016 2:59pm Apr 28, 2016 2:59pm
Quoting max pips
Ta mate, it would be nice to see those take profit , loss figures on all take profits/ stop losses in a future version. Max
I got this (with the v1.31):
"I removed the Auto Close button.
Instead of Auto Close, there are Upper Close Level (UP CL) and Lower Close level (LO CL) on the Trade Panel.
So, one can manually manage the global closing on the chart!
If price reaches one of those levels, all trades are closing immediately.
This is actually a global TP/SL."
  • #372
  • Apr 28, 2016 3:23pm Apr 28, 2016 3:23pm
Quoting IndexScalper
Nice work Billy. I am still studying the MM levels. I think I will have to try the charting tool you use so I can see the auto levels working too. Also their trade manager looks good too....
Yes, perfect tool for me.
  • #373
  • Apr 29, 2016 4:39am Apr 29, 2016 4:39am
First trade today, +76 pips between MM-levels.
(And, round number as a support.)
Attached Image (click to enlarge)
Click to Enlarge Name: ScalperChart for MT4_20160429_123652.png Size: 117 KB
  • #374
  • Apr 29, 2016 4:58am Apr 29, 2016 4:58am
And a newer +43 pips (I was a bit impatient with closing, too early)
Attached Image (click to enlarge)
Click to Enlarge Name: ScalperChart for MT4_20160429_125650.png Size: 138 KB
  • #375
  • Apr 29, 2016 5:01am Apr 29, 2016 5:01am
Attached Image (click to enlarge)
Click to Enlarge Name: ScalperChart for MT4_20160429_130447.png Size: 144 KB
  • #376
  • Apr 29, 2016 6:06am Apr 29, 2016 6:06am
Billy, nice trading.

I am going to get the ScalperChart EA. Do you know if the EA can be used on more than one broker or do you need to pay for it again for each new broler you use?

Also, could you please show all the levels for today when you get a chance?

Thanks,

Jeremy
  • #377
  • Apr 29, 2016 6:17am Apr 29, 2016 6:17am
Quoting IndexScalper
Billy, nice trading. I am going to get the ScalperChart EA. Do you know if the EA can be used on more than one broker or do you need to pay for it again for each new broler you use? Also, could you please show all the levels for today when you get a chance? Thanks, Jeremy
Hey IndexScalper,
Your accounts can be at any broker, not only one.
Here are the levels .. (today is a weak day, ADR is only 56%, price wrapped around the levels)
Attached Image (click to enlarge)
Click to Enlarge Name: ScalperChart for MT4_20160429_141015.png Size: 122 KB
  • #378
  • Apr 29, 2016 6:20am Apr 29, 2016 6:20am
Thanks Billy,

Regarding the MM levels - seems like they are often around 20 points from each other, today looks about 27, are those figures kind of typical - do you remember the biggest and smallest distances you have seen between the levels?
  • #379
  • Edited 6:47am Apr 29, 2016 6:29am | Edited 6:47am
Quoting IndexScalper
Thanks Billy, Regarding the MM levels - seems like they are often around 20 points from each other, today looks about 27, are those figures kind of typical - do you remember the biggest and smallest distances you have seen between the levels?
As I know, it depends on the previous day. High day: bigger distance, low day: smaller distance. Generally between 20-35 pips.
Here I wrote it earlier, how I use the MM and/or auto-levels.

I clearly understand and know why and how the auto-levels work.
MM-levels are pretty mystical for me, I don't understand why and how, but works.
  • #380
  • Apr 29, 2016 6:48am Apr 29, 2016 6:48am
Quoting Billy888
{quote} As I know, it depends on the previous day. High day: bigger distance, low day: smaller distance. Generally between 20-35 pips. Here I wrote it earlier, how I use the MM and/or auto-levels. I clearly understand and know why and how the auto-levels work. MM-levels are pretty mystical for me, I don't understand why and how, but works.
Thanks for that. Yes I am happy to see with my eyes if something works, I don't need to understand the theory behind it either.
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