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Sathish FxP-C4 Scalper

  • #181
  • Sep 14, 2016 4:12pm Sep 14, 2016 4:12pm
Hey Wealthpro, really impressive thread.

Please advise which type of trading account to use for better implementation of this strategy. Do you prefer an ECN account with tight spreads or a normal account with regular spreads?

Also please tell us what type of account you used when you did three month live testing.
  • #182
  • Sep 14, 2016 8:42pm Sep 14, 2016 8:42pm
Quoting tadmas
Hey Wealthpro, really impressive thread. Please advise which type of trading account to use for better implementation of this strategy. Do you prefer an ECN account with tight spreads or a normal account with regular spreads? Also please tell us what type of account you used when you did three month live testing.
ecn is better.i use austrailan ECN broker
  • #183
  • Sep 14, 2016 9:13pm Sep 14, 2016 9:13pm
short trade +2.2 pips
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 66 KB
  • #184
  • Sep 14, 2016 9:33pm Sep 14, 2016 9:33pm
Quoting wealthpro
{quote} ecn is better.i use austrailan ECN broker
Which Australian ECN ?
  • #185
  • Sep 14, 2016 9:35pm Sep 14, 2016 9:35pm
Quoting FX Compass
{quote} Which Australian ECN ?
pepperstone razor account
  • #186
  • Sep 15, 2016 4:41am Sep 15, 2016 4:41am
Can you show us where to place TP and SL in detail?
  • #187
  • Sep 15, 2016 5:13am Sep 15, 2016 5:13am
Hello Wealthpro, I'm very impressed by your system. I have never tried scalping before. I have a question, if you can please advice me

You have a 20 pips per day goal right? What happens on losing days? When you lose 20 pips do you stop trading for that day?

Thanks in Advance
  • #188
  • Sep 15, 2016 5:30am Sep 15, 2016 5:30am
Quoting SlownSteadyy
Hello Wealthpro, I'm very impressed by your system. I have never tried scalping before. I have a question, if you can please advice me You have a 20 pips per day goal right? What happens on losing days? When you lose 20 pips do you stop trading for that day? Thanks in Advance
i design this system to make 20 pips a day with minmal risk. my maximum sl is 12 pip per trade. but normall when you exit opp signal you loss less. i trade from LO open to newyork close.very rare to losing day. what you do is trade untill get 20 pips or your time perid. and accept your loss .then try to recover another day.most of the day you can catch more than 20 pips. look EURUSD,USDJPY,GBPUSD,EURJPY no other currencies.you set up these four currency pair.wait for the right set up.avoid near news trading. all high,medium impact news must be avoid.then you will be ok.dont take two trades same time.just one trade at a time.
  • #189
  • Sep 15, 2016 5:35am Sep 15, 2016 5:35am
Quoting wealthpro
{quote} i design this system to make 20 pips a day with minmal risk. my maximum sl is 12 pip per trade. but normall when you exit opp signal you loss less. i trade from LO open to newyork close.very rare to losing day. what you do is trade untill get 20 pips or your time perid. and accept your loss .then try to recover another day.most of the day you can catch more than 20 pips. look EURUSD,USDJPY,GBPUSD,EURJPY no other currencies.you set up these four currency pair.wait for the right set up.avoid near news trading. all high,medium impact news must...
Thanks for the quick reply

So you keep trading until the New York close even if you lose more than 20 pips? (For an example let's say even if you lose 50 pips?)
  • #190
  • Sep 15, 2016 5:36am Sep 15, 2016 5:36am
short make+5.8 pips long made +3 pips just wait for the right signal
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 81 KB
  • #191
  • Sep 15, 2016 5:37am Sep 15, 2016 5:37am
Quoting SlownSteadyy
{quote} Thanks for the quick reply So you keep trading until the New York close even if you lose more than 20 pips? (For an example let's say even if you lose 50 pips?)
yes. money management is a personal choice so decide yourself pls.thank you
  • #192
  • Sep 15, 2016 5:43am Sep 15, 2016 5:43am
Quoting wealthpro
{quote} yes. money management is a personal choice so decide yourself pls.thank you
Thanks again I will demo this system to gain confidence What I really like about this system is that it let you cut your losses quickly and get more profit by riding the trends until you get an opposite signal
  • #193
  • Sep 15, 2016 7:41am Sep 15, 2016 7:41am
got lucky with EU trade 24 pips!
Attached Image (click to enlarge)
Click to Enlarge Name: EU.png Size: 50 KB
  • #194
  • Sep 15, 2016 8:02am Sep 15, 2016 8:02am
Guys who dont want to scalp. use this one min chart with 5 min TRIX you can swing trade and catch more pips.exit use your own rules. templete and indicator attached
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 69 KB
Attached File(s)
File Type: tpl !!!Sathish-FxP-MTc4.tpl   249 KB | 569 downloads
File Type: ex4 smSuper TRIX_MTF_v1.ex4   11 KB | 587 downloads
  • #195
  • Sep 15, 2016 8:16am Sep 15, 2016 8:16am
Even you can trade without cci
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 63 KB
  • #196
  • Sep 15, 2016 1:32pm Sep 15, 2016 1:32pm
This system gives lot of fake signals. You loose -5, -5, -5, - 5pips, and after all day sitting in front of computer you catch the move for +20 pips and you are on 0.
  • #197
  • Sep 15, 2016 2:21pm Sep 15, 2016 2:21pm
I think one should start your trade the bar after the arrow showed up/down, because the arrow can 'repaint' on the 1st bar.
Maybe WEALTHPRO can comment on this one plse.
  • #198
  • Sep 15, 2016 2:32pm Sep 15, 2016 2:32pm
Quoting Kubiasty
This system gives lot of fake signals. You loose -5, -5, -5, - 5pips, and after all day sitting in front of computer you catch the move for +20 pips and you are on 0.
have a look at the structure of the market, it's stuck in a range. So how can one expect large profits from a trend following system when market is moving sideways?

Trends will come, one good trend pays for it all.
  • #199
  • Sep 15, 2016 2:51pm Sep 15, 2016 2:51pm
Quoting Kubiasty
This system gives lot of fake signals. You loose -5, -5, -5, - 5pips, and after all day sitting in front of computer you catch the move for +20 pips and you are on 0.
post your chart
  • #200
  • Sep 15, 2016 3:02pm Sep 15, 2016 3:02pm
Quoting interbucks
I think one should start your trade the bar after the arrow showed up/down, because the arrow can 'repaint' on the 1st bar. Maybe WEALTHPRO can comment on this one plse.
yes that candle should be close.otherwise it repaint
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