Scalping system - page 5

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sjerar
146
sjerar  
marcelcorzo:
Hi, I'm newbie. I jus t wanna know what exactly scalping is, and which definitions are most common between brokers? which brokers with low spread allow this technique?

Here are some answers of brokers on the question "do you allow scalping?"

Forex Brokers that Allow Scalping: Research and Results | Forex strategies revealed

Firdaus
11
Firdaus  
igorad:
Hi,

I don't recommend to use NonLagDots at all because it's based on one of early versions of NonLagMA and uses wrong settings(don't use ColorBarBack=2).

When indicator re-paints on current bar - it's OK.

But when it re-paints previous bars - it's wrong (excluding some channels and fitting tools).

Please Check your PM, I need to talk with you, please PM me as soon as posibble

Sergey Golubev
Moderator
106099
Sergey Golubev  

Thanks nix,

I am testing your setup the second day already.

I selected most difficult pair: GBPJPY. because we can expect most biggesr drawdown on this pair, and because of volatility of this pair, and because I expected many false signals (i just wanted to test).

First of all it is not the scalper in the way as brokers understand it: I set take profit to 20 pips and many orders are keeping opened for more than 1 or 5 minutes. It is just a trading on M5 timeframe. I mean that brokers will agree with this kind of trading.

I am using exact indicators you posted on the first page + some other indicators:

- Zee Zee indicator (it is same as CCI);

- some T3 indicator https://www.mql5.com/en/forum/173058

It is on main M5 template for trading:

On the diferent chart i am using 3 standard Stochastic indicators:

And Live Charts Fibo Pivots indicator (you may use any Fibo/Pivot indicator).

This system works but it is big drawdown on GBPJPY.

So to use this system as manual trading it is necessary to open the orders using the scripts and to close the orders using close_order scripts and it is necessary to have some EA (there are a lot of them) to manage the trades according to the profit or equity.

Files:
scalp1.jpg 100 kb
scalp2.jpg 65 kb
scalperm5.htm 16 kb
Sergey Golubev
Moderator
106099
Sergey Golubev  

How often this system is trading?

I opened just one order in the morning just to test: it still works or not.

To say a true: no any valid signals were on this system for GBPJPY since this morning up to now. So, if you are trading system system so you will probable will not trade often.

Sergey Golubev
Moderator
106099
Sergey Golubev  
gotrade83
6
gotrade83  

What are configurations for Volatility pivot open?

Would you please explain?

SloForeX
196
SloForeX  

Is there any EA which has the next functions:

-I have to decide manually the LONG or SHORT positions. EA will be opening the same positions until I reset EA and decide to take some other direction.

-EA will be opening for example long positions. Each time it will set TP=10 and SL=150. After it hits TP it will immediately open another position- direction is the one I set inside the EA (long or short)

This EA would fork fine in the trending markets, like is happening at the moment (USD). There is a strong trend, I can see it so I manually decide to take against USD (EURUSD -LONG).

Is there any EA which would be working like I described above? Is this EA considered as scalping EA?

duyduy
214
duyduy  
SloForeX:
Is there any EA which has the next functions:

-I have to decide manually the LONG or SHORT positions. EA will be opening the same positions until I reset EA and decide to take some other direction.

-EA will be opening for example long positions. Each time it will set TP=10 and SL=150. After it hits TP it will immediately open another position- direction is the one I set inside the EA (long or short)

This EA would fork fine in the trending markets, like is happening at the moment (USD). There is a strong trend, I can see it so I manually decide to take against USD (EURUSD -LONG).

Is there any EA which would be working like I described above? Is this EA considered as scalping EA?

Pipmaker Neo_Enhanced, modified by tiger wong (with SL)have this function.

U just need to set the right setting..

Find it in pipmaker thread.

SloForeX
196
SloForeX  
duyduy:
Pipmaker Neo_Enhanced, modified by tiger wong (with SL)have this function.

U just need to set the right setting..

Find it in pipmaker thread.

Thank you, but Pipmaker is a sort of martingale strategy. In my situation, I don't want that EA opens another position until the first one is closed with SL or TP. When it hits SL or TP, then it should open a new positions with the direction which I decided to take.

For example, last few months we have strong uptrend at EURUSD. I would like to set EA that it will be opening the LONG trades all the time, but it will open a new trade after it closes the old trade (no matter if it hits SL or TP). So all the time there should be only one open trade with TP=10 and S=L150.

Is there any similar EA?

No indicators, just TP, SL and the function to open a trade LONG/SHORT.

Michael B
3377
Michael B  

Couldn't you just use the volatility pivot indicator and the price trigger and no stop and reverse?...

ES

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