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TMT Scalping System

  • #261
  • Apr 1, 2016 9:14am Apr 1, 2016 9:14am
Quoting Kunay9
best day so far! this morning the market was packed with 4 red flag news on EUR and GBP and i traded just to stress test the system but of course its always better to skip this session with real money by the way was breakeven at us open and gained in the next 2hours a very nice 8% on balance keep up guys {image} {image}
Will you share the trade manager used for opening and closing such number of trades?
  • #262
  • Apr 1, 2016 10:21am Apr 1, 2016 10:21am
Damiend this is the same piece of chart you posted illustrated differently to show you how to draw trend lines. The key to drawing these is to locate the resistance levels (shown) or the support levels (not shown). Note how we can get very tight stops just above the trend lines.
You can put this type of chart setup side by side to the system you are using to help with your trade decisions. Note I don't use candles at all because they blur your vision to the reality of the situation. Trading is simple...people make it difficult.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 171 KB
  • #263
  • Apr 1, 2016 11:32am Apr 1, 2016 11:32am
Quoting fxenthusiast
{quote} Will you share the trade manager used for opening and closing such number of trades?
not using EAs or trade manager.. hand picked 1 by 1

then i just have SLs and TPs for each trade
  • #264
  • Apr 1, 2016 8:46pm Apr 1, 2016 8:46pm
Quoting Kunay9
{quote} not using EAs or trade manager.. hand picked 1 by 1 then i just have SLs and TPs for each trade
Ok...tnx
  • #265
  • Apr 6, 2016 5:08am Apr 6, 2016 5:08am
Anyone still use this system?
  • #266
  • Apr 6, 2016 5:41am Apr 6, 2016 5:41am
Quoting Desiree
Anyone still use this system?
I'm using it for basket trading of 6 to 12 pairs.
  • #267
  • Apr 17, 2016 11:43pm Apr 17, 2016 11:43pm
Can I get an open index code

MFI ex4 to MFI mq4
thank you
Attached File(s)
File Type: ex4 __MFI Meter.ex4   18 KB | 630 downloads
  • #268
  • Apr 25, 2016 2:56pm Apr 25, 2016 2:56pm
Quoting fxenthusiast
{quote} I'm using it for basket trading of 6 to 12 pairs.

I like basketing most. Can you please help me? How do you do that with this strategy? Can you please explain ?
  • #269
  • Apr 25, 2016 8:24pm Apr 25, 2016 8:24pm
Quoting Manna
{quote} I like basketing most. Can you please help me? How do you do that with this strategy? Can you please explain ?
I do it manually. I picked 4 to 6 pairs with high probability trade and enter the trade one by one. There's an EA for basket trading but I have not tried it. I suggest go the Trend Catching with NonLagDot Indicator thread of Forex Factory and find the Basket EA.
  • #270
  • Apr 26, 2016 3:38am Apr 26, 2016 3:38am
Hi Guys

Not sure it is problem with my system / PC or what but, I think MFI & RSI both indicators Repaints sometime. I refereshed charts and observed it.

Just with confirm, if anyone else has same observation or its my PC glitch
  • #271
  • Apr 26, 2016 12:25pm Apr 26, 2016 12:25pm
Quoting MichaelKiske
My 3 Trade: {image}
Hi, where is your entry?

thanks
  • #272
  • May 1, 2016 4:40pm May 1, 2016 4:40pm
hi all,
I have coded this strategy into an Expert Advisor.
I have attached some screen shots so that you can see how this EA works.
All the parameters are as per this thread.

Feel free to download and test out this EA.
However I have locked this EA so that it wont be distributed without my consent.
This is free for everyone, just go through the download lock for this file and when
you open the EA, the EA's "About" box will give you the instructions for activating the EA.

Download Lock Link: Download TMT Scalping EA
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot6.png Size: 136 KB
Click to Enlarge Name: Screenshot2.png Size: 132 KB
Click to Enlarge Name: Screenshot3.png Size: 128 KB
  • #273
  • May 4, 2016 7:43am May 4, 2016 7:43am
Hello all,
Been running this system on a demo account for the past 2 weeks and cant seem to make money!, what SL/TP are you using and is it different for different pairs?

Paul
  • #274
  • May 10, 2016 2:39am May 10, 2016 2:39am
system is good so far. use sl and TP dynamic value base from support resistance
  • #275
  • May 10, 2016 5:30am May 10, 2016 5:30am
just came back from a very long vacation!
  • #276
  • May 10, 2016 7:14am May 10, 2016 7:14am
gbpusd trade in 5 min time frame with tp hit @ 18 pips
http://imgur.com/PLJnBc0
  • #277
  • May 10, 2016 12:23pm May 10, 2016 12:23pm
usdjpy trade in 5 min timeframe with tp hit @ 20 pip
http://imgur.com/973yOre
  • #278
  • May 11, 2016 2:11am May 11, 2016 2:11am
Loose trade:
In my experience and oppinion, its impossible to earn with that strategy, because most the time market is in ranging mood..

Attached Image (click to enlarge)
Click to Enlarge Name: loose.png Size: 86 KB
  • #279
  • May 11, 2016 4:00am May 11, 2016 4:00am
nzdjpy trade in 5 min time frame with tp hit @ 20 pips
http://imgur.com/T5hVHbo
  • #280
  • May 11, 2016 4:06am May 11, 2016 4:06am
Quoting Kubiasty
Loose trade: In my experience and oppinion, its impossible to earn with that strategy, because most the time market is in ranging mood.. {image}
it is possible, i earn profit

the answer is just use a range filter to avoid ranges. I use ATR and ADX to avoid ranges
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