Forum on trading, automated trading systems and testing trading strategies
PriceChannel Parabolic system
newdigital, 2013.02.14 14:45
I remember some talking between very experience trader and newbie:
newdigital, 2014.03.07 09:08
Who Can Trade a Scalping Strategy? (based on dailyfx article)
The term scalping elicits different preconceived connotations to
different traders. Despite what you may already think, scalping can be a
viable short term trading methodology for anyone. So today we will look
at what exactly is scalping, and who can be successful with a scalping
What is a Scalper?
So you’re interested in scalping? A Forex scalper is considered anyone
that takes one or more positions throughout a trading day. Normally
these positions are based around short term market fluctuations as price
gathers momentum during a particular trading session. Scalpers look to
enter the market, and preferably exit positions prior to the market
Normally scalpers employ technical trading strategies utilizing short
term support and resistance levels for entries. While normally
fundamentals don’t factor into a scalpers trading plan, it is important
to keep an eye on the economic calendar to see when news may increase
the market’s volatility.
High Frequency Trading
There is a strong misconception that all scalpers are high frequency
traders. So how many trades a day does it take to be considered a
scalper? Even though high frequency traders ARE scalpers, in order for
you to qualify as a scalper you only need to take 1 position a day! That
is one of the benefits of scalping. You can trade as much or as little
as you like within a giving trading period.
This also falls in line with one of the benefits of the Forex market.
Due to the 24Hr trading structure of Forex, you can scalp the market at
your convenience. Take advantage of the quiet Asia trading session, or
the volatile New York – London overlap. Trade as much or as little as
you like. As a scalper the choice is ultimately yours to make!
There are always risks associated with trading. Whether you are a short
term, long term, or any kind of trader in between any time you open a
position you should work on managing your risk. This is especially true
for scalpers. If the market moves against you suddenly due to news or
another factor, you need to have a plan of action for limiting your
There are other misconceptions that scalpers are very aggressive traders
prone to large losses. One way to help combat this is to make scalping a
mechanical process. This means that all of your decisions regarding
entries, exits, trade size, leverage and other factors should be written
down and finalized before approaching the charts. Most scalpers look to
risk 1% or even less of their account balance on any one position
Who can Scalp?
So this brings us to the final question. Who can be a scalper? The
answer is anyone with the dedication to develop a trading strategy and
the time to implement that strategy on any given trading day.
GoMarkets broker, initial deposit is 1,000
Alpari UK broker initial deposit is 1,000
RoboForex broker initial deposit is 1,000
Please find updated PriceChannel Parabolic system :
PriceChannel ColorPar Ichi
Indicators and tenplate are attached
MetaTrader Trading Platform Screenshots
AUDUSD, W1, 2014.04.07
MetaQuotes Software Corp., MetaTrader 5, Demo
AUDUSD, D1, 2014.04.07
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
newdigital, 2013.02.08 14:35
This is the image about how to use AFL Winner indicator:
You have done a lot of work with this, I really appreciate your efforts.
I wonder if there is a trailing stop available, I see that you have had this on a daily chart, a trailing stop would be most useful.
I had a look in codebase and did not see one, However there is one in the marketplace that I will purchase.
I am just looking at this system, I think you might be right about 30 minute time frame. We can waste a lot of time on the smaller time frames and also lose money. I don't think this is great for scalping quick pips.
I wonder if the Price Channel should be optimized for each specific chart.
you mean - ts for manual trading?
This system is using Parabolic so it can be acted as a traling stop for example - look at this post.