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:
This thread is for MT5 only sorry ... But this thread is not stopped so if someone (or Igorad) will code something - it will be uploaded here.
But any coder will need an idea about what to code ...
Yes, I remember your request ... but I traded Brainwashing for whole the day today sorry.
Indicators are almost same ... the only difference is Ichimoku indicator with the settings 72/144/288 (this Ichimoku settings may be good for M1 and M5 timeframe). I will upload this system tomorrow morning with the explanation.
How to Start with Metatrader 5
newdigital, 2013.09.20 08:21
I just got PMs from the members asking about those systems so I am uploading the summary once again (for information) :
Forum on trading, automated trading systems and testing trading strategies
PriceChannel Parabolic system
newdigital, 2013.03.22 14:04
PriceChannel Parabolic system
PriceChannel Parabolic system basic edition
Latest version of the system with latest EAs to download
How to trade
The settingas for EAs: optimization and backtesting
GoMarkets broker, initial deposit is 1,000
Alpari UK broker initial deposit is 1,000
RoboForex broker initial deposit is 1,000
Scalping with PriceChannel Parabolic system
Scalping setup with this system :
Just a little theory about :
Indicators: Moving Average of Oscillator (OsMA)
newdigital, 2014.03.21 07:04
Scalping with MACD (based on dailyfx article)
When a scalper begins their day, there are usually quite a few questions that need to be answered before ever placing a trade.
What’s moving the market this morning?
Which markets are most active?
What drivers (or news) might come out to push the market further?
Is my coffee ready yet?
These are just a few examples… but suffice it to say that those who are
day-trading in markets have quite a bit on their mind every single
trading day.The Setup
Before a scalper ever triggers a position they need to first find the appropriate market environment.
For fundamental-based traders, Multiple Time Frame Analysis can be
helpful; but more important is their outlook or opinion and the fact
that that outlook or opinion should mesh with the ‘bigger picture’ view
of what’s going on at the moment.
For scalpers, the hourly and 4-hour charts carry special importance, as
those are the ideal timeframes for seeing the bigger picture.
After that, traders should look to diagnose the trend (or lack thereof).
A great indicator for investigating trend strength is the Average
Directional Index (ADX). Also popular for investigating trends is the
Moving Average Indicator.
After the day-trader has found a promising setup, they then need to
decide how to trigger into positions, and MACD can be a very relevant
option for such situations.
Because the trader already knows the direction they want to trade in,
they merely need to wait for a corresponding signal via MACD to initiate
When MACD crosses up and over the signal line, the trader can look to go long.
After a long position is triggered, the trader can look to close the
position when MACD moves down and under the signal line (which is
usually looked at as a sell signal, but because you did the ‘bigger
picture analysis’ with the longer-term chart, this is merely a ‘close
the long signal.’)
Scalpers can trigger positions when MACD Signal takes place in direction of their bias
On the other side of this equation: If the trader had determined the
trend to be down on the longer-term chart or if their fundamental bias
is pointing lower, they can look for MACD to cross down and under the
signal line to trigger their short position.
And once MACD crosses up and over the signal line, the trader can look to cover their short position.
Scalpers can close positions when opposing MACD Signal takes place
The aforementioned approach can work phenomenally in a
day-trading/scalping approach. But the fact-of-the-matter is that
scalping profitably entails a lot more than just a trading plan, and an
Risk management is the undoing of most new traders; and day-traders and
scalpers fall victim to this susceptibility even more so than most.
newdigital, 2013.02.14 14:41
So, we understand that scalping is very risly trading style. Besides, it is very difficult to make it manually in consistent way for example. What the developers/traders/coders are doing to minimize the risk?
There are 2 kinds of scalping: