PriceChannel Parabolic system - page 20

valeagrl1
47
valeagrl1  
newdigital:

 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:

 

On the AFL creator, avoitenko 's page, he says, "For intraday trading input parameters values should be decreased, for example, to Period=2, Average=4 values" I found this made it much more accurate for these smaller time frames you're using, but all in all, so far, I'm finding them both more accurate in the longer time frames set to the defaults p = 10, A = 5.  Hope this helps : )
valeagrl1
47
valeagrl1  
newdigital:
They will have MT5 soon or later. It is just a matter of time only. As to EAs for MT4 so it is difficult for me to remember - which EA is free to upload and which one is not ... But as I know - there are no any scalper EA based on this indicator for MT4 (there is some similar EA for MT4 with EA uploaded by Igorad for MT5 on this thread). So, if Igorad will create scalping EA and will upload it here - it will be good as it will be the first scalping EA based on this indicator. I like scalping EAs and I used them a lot - you know it :)
Hi newdigital.  Boy I've been doing a lot of reading on this thread!  Thanks for all your help.  I've learned so much.  I've been learning/practicing off & on for years, but there's always room for improvement ; )  Can you help me?  I am in the same boat.  Really like my broker, but only has mt4.  I am interested in trying to use a very good EA for mt4.  Is the one you're speaking of here based on the pricechannel parabolic system?  I'm asking because I've been using the indicator all week with some good reliable results (thank you for that!), but I'd love to try something like this as an EA. Did Igorad code this yet?  (this thread is very big to find that).  If not, is there one you recommend with similar results/criteria as the Pricechannel parabolic system indicator but in an EA?  Looking forward to your response and much appreciated : )
Sergey Golubev
Moderator
113015
Sergey Golubev  

Hi valeagrl1,

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 ...

valeagrl1
47
valeagrl1  
newdigital:

Hi valeagrl1,

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 ...

OK, thanks newdigital.  Cheers.
Sergey Golubev
Moderator
113015
Sergey Golubev  

Hi zeno,

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.

zeno
277
zeno  
newdigital:

Hi zeno,

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.

Thank you newdigital. I will look for it tomorrow.
Sergey Golubev
Moderator
113015
Sergey Golubev  

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

  • indicators and template to download for black background (first post of this thread)
  • PriceChannel indicator is on CodeBase here, same for white background, how to install
  • Clock indicator to be used with this trading system - Indicator displays three variants of time in the chart: local, server and GMT 

Latest version of the system with latest EAs to download


How to trade

 
The settingas for EAs: optimization and backtesting 

Trading examples

Metaquotes demo 

 

GoMarkets broker, initial deposit is 1,000

Alpari UK broker initial deposit is 1,000

RoboForex broker initial deposit is 1,000


Sergey Golubev
Moderator
113015
Sergey Golubev  

Scalping with PriceChannel Parabolic system

===========================

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

  • indicators and template to download for black background (first post of this thread)
  • PriceChannel indicator is on CodeBase here, same for white background, how to install
  • Clock indicator to be used with this trading system - Indicator displays three variants of time in the chart: local, server and GMT 

Latest version of the system with latest EAs to download


How to trade

 
The settingas for EAs: optimization and backtesting 

Trading examples

Metaquotes demo 

 

GoMarkets broker, initial deposit is 1,000

Alpari UK broker initial deposit is 1,000

RoboForex broker initial deposit is 1,000


Scalping setup with this system :



Just a little theory about :

Forum on trading, automated trading systems and testing trading strategies

Indicators: Moving Average of Oscillator (OsMA)

newdigital, 2014.03.21 07:04

Scalping with MACD (based on dailyfx article)

  • Scalpers should look to systematize their approaches and strategies.
  • Multiple Time Frame Analysis can help day-traders see ‘the bigger picture.’
  • Traders can use MACD to initiate positions in a day-trading approach.

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.


The Entry

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 the position.

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 Context

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 entry strategy.

Risk management is the undoing of most new traders; and day-traders and scalpers fall victim to this susceptibility even more so than most.


Sergey Golubev
Moderator
113015
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

PriceChannel Parabolic system

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?

  • they are using timefilter. It is not a secret that scalping is making mostly on flat market condition. So, they are estimating 1 hour or few hours in a day to trade. For example, they are trading since 10 pm to 11 pm every day excluding Friday.
  • they are using martingale as additional feature. For example: if the price went againt me by 20 pips so the other trade is open on same direction but with bigger lot size ... and so on. It is double risk: scalping (very risky) + martingale (very risky as well) = twice risk for trader.
  • using fibo and pivot lines
  • forecasting market condition in programming way

===========

There are 2 kinds of scalping:

  • scalping in classical way (on the way of signal systems - trading on close bar only)
  • scalping traded on open bar. It is most popular scalping for now - such as tick scalping (on close tick of course :) ). Traders are using special indicators such as Tick_MACD and so on for M1 timeframe in Metatrader just to get 10 seconds timeframe in reality. It is most modentr and cool scalping right now.