As Mladen says this scalping indicator is the same as the solar wind indicator. And I can tell you that I made the solar wind indicator.
The fact that I made the solar wind indicator I can tell you that this indicator does not repaint a little bit but it repaints BIG TIME. It repaints as much as 4 bars back.
For those who doubts on the repaint just place this indicator on a 1min chart and let it run for 1hour and look to the indicator. Then refresh the indicator and you will see something TOTALY DIFFERENT.
Waiting for the 2 indicators comming into place is rubbish because if one indicator is totaly useless one needs to depend only on the stochastic.
Needles to explain that trading from only a stochastic will not render a lot of profit.
You claim to have made 600% profit then I suggest that you connect your MT4 platform to this site MT Intelligence - Home page and post your link here on your topic to show us your results.
The reason I ask you to do so is that as the maker of the solar wind indicator I know that one can not make 1 pip profit with this indicator.
I hope that if you are a correct person you want have any difficultys or objections to show us you results.
I'm unaware of the solar indicator. I found this indicator on forex factory months back. It was one of the best indicators for filtering out crosses on the stochastic indicator. I changed the imputs on this indicator so it better trails along with the stochastic. All I know is that this is modified version of what you have.
It's a little dissapionting to see that when I post a system and my trading method I get grilled for it not working without people even trying it. It's a weekend right now And you have no idea if this system and method of trading are profitable or not. Before stating that something doesn't work please try it out first. I'm thinking of posting my results starting next week.
It's just so strange to me that It seems that so many people are so bitter about forex. I've always taken advise, it being good or bad and have tried to use it to my advantage. We're all trying to help eachother here. I've found a lot of valuable information on this forum for my currency trading. It wAs time for me to finally give back to the forums.
The system works best if the scalping indicator is already red or blue when they'rs a stochastic cross. I will always be looking for a better filter indicator to go along with the stochastic on the 15 min charts but. All I know right now is that this methode works for me. If you have a better indicator to filter out crosses on the stachastic, let me know.
This isn't a competition of who has the most knowledge in the forex. It's about those that find something that works for them and sharing it with others.
i have the indicator and REPAINTS!!!
I dont know why people are impatient.Coderguru,If you know that an indicator will nt make traders even 1pip,why code it?
Ok, I think that at least 50% of costom indicators repaint. I've learned to deal with this. The problem about indicators that dont repaint is that they a lot of times will finally show the trend when it's just finishing. The fact that an indicator doesnt repaint is not always a good thing. Some people may be able to prove me wrong on this but over my years of trading I've have had equal success from indicators that repaint and indicators that don't. It's not really about your indicators you use, it's about the method or rules you set for yourself that really give you success in the forex. dont get me wrong, the system you use is important But having a good system with bad trading habbits or poor money management skills is whats going to lose you money. It doesnt matter if you have the best system in the world if you dont have the skills to control and utilize the system you're using.
Here's the version you guys want. I didn't even realize this but I was having to deal with this indicator repainting when I didn't have to. I actually have the Fisher_yur4ik_correct indicator. This is a none repainting version of the scalping indicator in my first post. I personally don't use this indicator for my trading but some that hate the repainting here you go! I still recommend 20 pips TP and 20 pips SL. One trade a day!
different rules with this indicator though.
You must only trade a stochastic cross when the fisher indicator is already blue or red (as seen in the pic).
I added 3 bar swing indicator for extra conformation. study the pic. The blue lines are long positions and the red bars are for short positions. You can set the arrows so they can appear on the proper candle but I like it the way they are. I would enter upon open of candle right after arrow
This modification is for the none repainting junkies!
Ah crap, sorry, attached the wrong pic. Here's the correct one....
Thanks for your system. Dont worry about people like igor trashing systems on this board he does it all the time. All that matters is if it works for you it works. Half of these people on this board dont even trade real money they just backtest,backtest,backtest!
I am known here on this forum to be straight forward and give a vision based on 14 years trading which is honest and have saved already a lot of newbies to fall into a boobytrap or listen to some absolute crap.
I do not systematcly trash on systems. Look over my postings and you will find postings where I help people who place there very first posting.
I do trash on people where I KNOW of that they talk bullshit.
And every time when I did that they where never cappable of proving the opposite.
Try to use a little part of your very small brain and say: OR iGoR is right because he gave some prove because he develloped the solar indicator (if you don't believe ask an other SENIOR person on this forum like mladen to give proof) OR let the author of this topic show through a live link to mt4i that he made 600%.
One more thing my dear "friend" I am here long enough to see the difference between a person that makes some effort to GIVE a real system and between somebody who feels lonely and whats to get some attention and cheared by some ignorent newbie fans through a bullshit system (somebody like you)
If he can proof that he made 600% trough a link on his platform believe me I am going to apoligize here publicly in front of everyone (I have more honour to loose then you have.....google on fxigor)
I have killed already several topics and people who tryed to be smart based on lies. I never killed and never tryed to kill somebody who is honest.
So before you attack me open your mind and let LILREDY give some proof of his 600% profit.
As long he does not give any proof then I believe (nope I am sure ) that he is posting pure bullshit based on an system that can not make any profit and you should give ME the benefit of the doubt.
PS. I have encountered already douzands of people like you who want to believe in Santa Claus and started to cry and get back on me because I exposed that Santa does not exist.
I had same kind of feeling as yours.
I also like volatile times it's the time where easy money to be made in every instance. However in sideway or low volatile conditions, I hope we can still make some profits with relatively small lot size automatically reduced by the EA in different market situations.
Always trade only once a day, no matter if it be a loser or a winner!!!!!!!
You have one shot at a winning trade. Make a good choice!
Trade only on the GBPUSD for now. This strategy works well on other pairs but does give best results on GBPUSD
Never risk mor then 10% of your account for your one trade per day
Stochastic cross up. You must enter upon opening of next candle after cross. This is important. (See pic) Also, scalping indicator must be blue. If there is a stochastic cross and Scalping indicator is not blue wait for it to change blue before entering. when these 2 indicators agree you enter your trade with a 20 pip SL and 20 pip TP.
I like to take the emotions at of trading that's why I have set TP an SL. This is a set and forget strategy.
same as long entry but opposite direction. Wait for stochastic cross down and Scalping indicator to change red or if it's red already just enter on stochastic cross down. set a 20 pip TP and 20 pip SL.
This system works best at volatile times. I'm a morning trader and trade 2-3 hours from 8-11 am mountain time. I haven't tested Europe session but you are welcome to do so. MOST LIKELY YOU WONT HAVE TO WAIT 3 HOURS FOR YOUR TRADE. YOU'LL GET YOU'RE 20 PIPS USUALLY IN THE FIRST HOUR OF WATCHING THE CHARTS. Remember, I have a 3 hour bracket of time i use to trade this system other time frames may not be as successful.
Trading at the times I've mentioned has given me win rates of 80-85% over a 1 months time frame.