The DumbAss Trading System | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 182 replies

HYBRID: trading system within a trading system 31 replies

Day Trading system - Simple system to make money 51 replies

Trapping System: Way to Fully-Automated Trading System 47 replies

Would you trade this system? New system #2. 10 replies

Attachments: The DumbAss Trading System
Exit Attachments

The DumbAss Trading System

  • #1
  • First Post: Oct 22, 2016 11:50am Oct 22, 2016 11:50am
I call this system the "Dumb-Ass" trading system because theres no thinking to do and its just so damn easy.

You need to be quick but patient as there are many entries a day to scalp.

You will be trading a 5 Tick chart.

Rules: 200 EMA - If price is above you buy only if below you sell / 10 EMA above you buy only and below you sell.

Sell only when : Price is below 200 and 10 EMA and buy when it is above 200 and 10 EMA.

Examples:

Attached Image (click to enlarge)
Click to Enlarge Name: 5ticks.jpg Size: 196 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 5tick2.jpg Size: 184 KB
  • #2
  • Nov 19, 2016 10:26pm Nov 19, 2016 10:26pm
Can you share what your TP and SL will be.
When the candle cross below the 200 sma, then you will make an entry, how about the 2nd and the other next entry, what will be the trigger?
  • #3
  • Nov 20, 2016 7:55am Nov 20, 2016 7:55am
Quoting venividivici
I call this system the "Dumb-Ass" trading system because theres no thinking to do and its just so damn easy. You need to be quick but patient as there are many entries a day to scalp. You will be trading a 5 Tick chart. Rules: 200 EMA - If price is above you buy only if below you sell / 10 EMA above you buy only and below you sell. Sell only when : Price is below 200 and 10 EMA and buy when it is above 200 and 10 EMA. Examples: {image} {image}


How do you generate the 5 tick chart in MT4?
  • #4
  • Nov 20, 2016 12:37pm Nov 20, 2016 12:37pm
Quoting aelimian
{quote} How do you generate the 5 tick chart in MT4?
you need a tick chart indicator for modified charts.
  • #5
  • Nov 20, 2016 12:38pm Nov 20, 2016 12:38pm
Quoting neobatavia
Can you share what your TP and SL will be. When the candle cross below the 200 sma, then you will make an entry, how about the 2nd and the other next entry, what will be the trigger?
This was just an idea..unfortunately I dont think it would too effective unless you had a zero spread account...spread alone wont allow you to make any profit on these short super fast moves.
  • #6
  • Last Post: Nov 20, 2016 9:21pm Nov 20, 2016 9:21pm
Quoting venividivici
{quote} This was just an idea..unfortunately I dont think it would too effective unless you had a zero spread account...spread alone wont allow you to make any profit on these short super fast moves.
Have you tried it on Renko charts? I have come across a similar strategy on the Web with the difference of using 13 ema instead of 10 ema. Renko charts could easily be compared to tick charts.
0 traders viewing now