A Guide to Creating a Minimalistic Scalping Strategy | Page 4 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trying scalping with a 1000 bucks - Scalping is expensive! 39 replies

strategy builder/tester for new scalping strategy 1 reply

1M & 5M Scalping System (Scalping Paradise) 21 replies

Ultimate Guide to Creating Your Own Trading System 9 replies

Attachments: A Guide to Creating a Minimalistic Scalping Strategy
Exit Attachments

A Guide to Creating a Minimalistic Scalping Strategy

  • #61
  • Apr 23, 2017 8:08pm Apr 23, 2017 8:08pm
Quoting GPips
Thank you Erebus for sharing the Currency Strength Giraia indicator! Can you or anyone else here that has experience with this CSM tell us what time frame this indicator is using for its calculations? As we all know a pair can be in a strong uptrend on the Daily or Weekly & the same pair can be in a strong downtrend on the 1 minute or 5 minute. I notice no change in strength or weakness of the signals if you change time frames so it must be set to a certain time frame. It would be nice to know what time frame this indi is referencing. Thank you...
Hey, no problem, it is posted here all over ForexFactory, no credit to me

Full marks to the excellent reply given by diamonddbw

If you really want to more about any Strength Meter, try a search or read this thread complete

https://www.forexfactory.com/showthread.php?t=163158

Or at least from Post 51

Watch what it does on your chart is the best, personal experience!
It takes a lot for me to IGNORE you, but you can try.
  • #62
  • Apr 24, 2017 3:35am Apr 24, 2017 3:35am
this might be helpful for your strategy
Attached File(s)
File Type: mq4 Three_MA_Cross_Arrows.mq4   10 KB | 744 downloads
  • #63
  • Apr 24, 2017 5:36am Apr 24, 2017 5:36am
Quoting mades
this might be helpful for your strategy {file}
Thanks mades,

Great of you! I found another one:

Attached File(s)
File Type: mq4 3 MA.mq4   5 KB | 532 downloads


But I am afraid this one is not perfect. This paint an arrow when two EMA are above or below SMA. But it should work when 12-EMA cross 26-EMA and cross 55-SMA than it pain an arrow. It is subtle difference but big enough to look for other indicator.

Best guys!
  • #64
  • Edited 10:02am Apr 24, 2017 8:15am | Edited 10:02am
S/R indicator may be useful for enter/exit.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2017-04-24 16.06.00.png Size: 81 KB
  • #65
  • Apr 24, 2017 10:17am Apr 24, 2017 10:17am
Hi All,

Two trades today. London open:

+21 pips

Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 1.3 MB


and NY open:

+13 pips

Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 1.2 MB


Done for Today.
  • #66
  • Apr 24, 2017 10:46am Apr 24, 2017 10:46am
Quoting Plainview
Hi All, Two trades today. London open: +21 pips {image} and NY open: +13 pips {image} Done for Today.
Excellent! I'm fore-testing this strategy in a practice account. I need to improve my observation and timing skills I see. Please continue your teaching sir.
Cheers
  • #67
  • Apr 24, 2017 11:34am Apr 24, 2017 11:34am
OP, why dont you create trade explorer?
  • #68
  • Apr 24, 2017 9:09pm Apr 24, 2017 9:09pm
Quoting ghostman10
OP, why dont you create trade explorer?
Here we go, always someone comes along with this. Why doesn't he post a TE? simple: he doesn't have to. A strategy is being shared and its up to you to test it. Even if one was posted it doesn;t mean other could replicate the results, its not a mechanical system but has a discretionary element to it.
  • #69
  • Apr 25, 2017 2:47am Apr 25, 2017 2:47am
French election is kicking EUR up!

London open:

+18 pips

Attached Image (click to enlarge)
Click to Enlarge Name: 7.png Size: 1.0 MB


Waiting for NY open.
  • #70
  • Apr 25, 2017 3:20am Apr 25, 2017 3:20am
That big green candle is not in Tokio session?
  • #71
  • Apr 25, 2017 3:50am Apr 25, 2017 3:50am
Ranging market begun.

Attached Image (click to enlarge)
Click to Enlarge Name: 8.png Size: 717 KB


Lots of false signals. Sporting this early is the main thing with this system.
  • #72
  • Apr 25, 2017 3:57am Apr 25, 2017 3:57am
Quoting ionut_blue
That big green candle is not in Tokio session?
It was European news that boosted price, and still, it was after Frankfurt.
  • #73
  • Apr 25, 2017 4:00am Apr 25, 2017 4:00am
I doesnt get a signal. The only thing to filter such ranging is to check the higher timeframes for a trend. The shoud be in sync
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-04-25_1058.png Size: 23 KB
Everyday better.
  • #74
  • Apr 25, 2017 4:04am Apr 25, 2017 4:04am
Quoting arlucad
I doesnt get a signal. The only thing to filter such ranging is to check the higher timeframes for a trend. The shoud be in sync {image}
True. 5M, 10M all show ranging.
  • #75
  • Apr 25, 2017 4:12am Apr 25, 2017 4:12am
yes i think 5m should be in a trend also then we can trade alot safer. eventually m15 also.
Everyday better.
  • #76
  • Apr 25, 2017 4:21am Apr 25, 2017 4:21am
Quoting arlucad
yes i think 5m should be in a trend also then we can trade alot safer. eventually m15 also.
Yeah, should be good. Check 15M, 5M and take your positions on 1M considering this two higher timeframes.
  • #77
  • Apr 25, 2017 5:25am Apr 25, 2017 5:25am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 71 KB


I don't know if this brilliant system will work on GER30 or not, but when I woke up this morning I saw a signal and placed a limit order to go long at 12450, with a SL at 12435. See what happens. The order was triggered at 06:22 NY time.
  • #78
  • Apr 25, 2017 6:53am Apr 25, 2017 6:53am
Quoting oztrader79
{quote} Here we go, always someone comes along with this. Why doesn't he post a TE? simple: he doesn't have to. A strategy is being shared and its up to you to test it. Even if one was posted it doesn;t mean other could replicate the results, its not a mechanical system but has a discretionary element to it.
Why is it being cool not to use trade explorer lol? It helps the traders to see trades more clearly and verify the system, i don't see any disadvantage.
  • #79
  • Apr 25, 2017 7:18am Apr 25, 2017 7:18am
Quoting ghostman10
{quote} Why is it being cool not to use trade explorer lol? It helps the traders to see trades more clearly and verify the system, i don't see any disadvantage.
Cool? Who said anything about cool? My previous post answered your question and I won't repeat myself.
  • #80
  • Apr 25, 2017 8:15am Apr 25, 2017 8:15am
Took a trade and won 5 pips nice system.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (16)_LI.jpg Size: 834 KB
0 traders viewing now