PriceChannel Parabolic system - page 14
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I started to trade this scalping setup but it is not easy for now - market is in flat and we need particular market condition to trade this scalping. Just to see:
I finished my first trading day with this system. It was really difficult day - I estimated on Sunday evening to trade the following pairs: XAUUSD, XAGUSD and USDJPY. But USDJPY was reversed and I did not catch it in right moment/time, and got loss. I opened correct trade for XAGUSD and got profit, but I was not able to open one more trade for XAUUSD because of margins.
Anyway, I am in profit but it was not scalping sorry.
I tried to identify the pairs for trading today and I think - we can consider USDCHF and GBPUSD.
That's correct: latest version of PriceChannel downloaded from this post + AFL winner downloaded from Codebase here + MaksiGen_Range_Move MTF from here (optional; but I am using 2 MaksiGen indicators - one for current timeframe and the other one in MTF settings)
Some problem with this scalping is the following: PriceChannel signal indicator is showing uptrend but AFL winner - downtrend :) It means that stop loss value should be small one for this system:
I've already made 15 pips in profit for USDCHF today but I am waiting untill one more trade will be closed (for GBPUSD).
Generally, this scalping is not a scalping at all :) It is just a method to get 10 or 15 pips in profit in a day.
I've already made 15 pips in profit for USDCHF today but I am waiting untill one more trade will be closed (for GBPUSD).
Generally, this scalping is not a scalping at all :) It is just a method to get 10 or 15 pips in profit in a day.
If someone will make EA according to this system so it may be necessary to have the following parameters:
GBPUSD: if the price will cross 1.5638 resistance line (see red dotted line on the image) so we may have downtrend:
I've already made 15 pips in profit for USDCHF today but I am waiting untill one more trade will be closed (for GBPUSD).
Generally, this scalping is not a scalping at all :) It is just a method to get 10 or 15 pips in profit in a day.
That's correct: latest version of PriceChannel downloaded from this post + AFL winner downloaded from Codebase here + MaksiGen_Range_Move MTF from here (optional; but I am using 2 MaksiGen indicators - one for current timeframe and the other one in MTF settings)
The other problem with this AFL Winner indicator is the following: the correlation between the indicator's value and the price moving may be lost sometimes. It means: indicator can show downtrend while the price is on uptrend. I think - we need one more indicator for this scalping system.
The other problem with this AFL Winner indicator is the following: the correlation between the indicator's value and the price moving may be lost sometimes. It means: indicator can show downtrend while the price is on uptrend. I think - we need one more indicator for this scalping system.
It is possible to trade. Possible but very difficult. This is my updated statement for this scalping system:
I think - we need to improve this system. AFL Winner indicator is fine but we need one more indicator ... may be - instead of PriceChannel signal.