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procrude replied Feb 25, 2017I will look in to 2 min and 3 min charts for candlestick formation on possible reversals as exits. I can see 3 min charts in tradingview but 2 min candles i am not sure which platform will show that.
Here is a great scalping method
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procrude replied Feb 25, 2017i love the idea on support and resistance levels also the candlestick reversal for exits. thanks
Here is a great scalping method
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procrude replied Feb 25, 2017Hello again Axleman, Just got home. I was avoiding the lower time frame ma because it generates a few more bad entries than the 21ema. Take a look at the following two images with entries on 21/100ema cross and 7/100ema cross. Both during the same ...
Here is a great scalping method
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procrude replied Feb 25, 2017Thanks Axleman. Very informative. You see that is what I mean. Let's make this system simple and grab pips. Yes I have some knowledge about candlestick patterns. I love your exit points. I am driving now, enjoying the weekend in my Jeep off roading ...
Here is a great scalping method
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procrude replied Feb 25, 2017Automated part = EA Takes you in the trade, EA places a 30 pip stop loss, EA will also cancel your trade out if the market goes opposite and will put you in another cross in the opposite direction. Manual part = You have to exit the trade if you are ...
Here is a great scalping method
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procrude replied Feb 25, 2017As past 2 years, after searching for a perfect EA i am still unable to find a EA that will give a perfect entry and a perfect exit. Only EA that i have seen to work good is Martinangle based EA which works with high leverage and hedging accounts. ...
Here is a great scalping method
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procrude replied Feb 25, 2017Thanks Snoopy, in my opinion the ma crossover EA's when back tested do not give good results.... i just use it to make me go in a trade and i manually exit my trade. When backtested the ea will take you out on the next cross and you will leave a lot ...
Here is a great scalping method
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procrude replied Feb 25, 2017yes, that is correct. focus on the positive pips. i am working and may be every one can help is to make a perfect exit strategy. i know the entry is good... we still need a perfect or a near perfect exit strategy. like yesterday (friday) at one ...
Here is a great scalping method
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procrude replied Feb 25, 2017This is a "SEMI Automatic / Manual System" to reduce stress of going in a trade or not....and just two indicators to make it less complicated. Trust me i have been in situations like most traders trading live account, when you are sitting infront of ...
Here is a great scalping method
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procrude replied Feb 25, 2017yes try it it wont hurt...try in demo...MA strategy does not work if you only exit the trade at the next cross. Idea behind 1 min time frame is to grab less pips and exit. Make 5 to 8 to 10 pips and move on. My ea image above will show you 30 pip ...
Here is a great scalping method
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procrude replied Feb 25, 2017no i am only using ma now. the more confirmations mean more indicators. i try to keep it less complicated, collect losses and cover losses and make profit that is the game. i don't hop around time frame to time frame. try it on demo. you will make ...
Here is a great scalping method
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procrude replied Feb 25, 2017no only eurusd, my broker has a good spread on this pair. this will not work on 1 min with yen pairs. it may work with audusd but not sure.
Here is a great scalping method
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procrude replied Feb 25, 2017i really do not have images on 1 min time frame, but i have a couple i did before on 5 min. I do not trade 5 min anymore though. In one of the pictures you will see price channel indicator also, which i dont use anymore.
Here is a great scalping method
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procrude replied Feb 25, 2017may be that works for you (which is perfect) but for me in 1 min time frame trailing stop does not do too good. I however, move my sl at break even if i am 10 pips plus. I try to collect my 10 pips and let it find another trade. When extremely lucky ...
Here is a great scalping method
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procrude replied Feb 25, 2017The most important thing i like about this method personally is that, it keeps me alert all the time. There is more action in 1 min chart. Its not boring. Recovery of a loss is faster. I use to trade on 15 min charts and saw the market moving 20 ...
Here is a great scalping method
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procrude replied Feb 25, 2017Here is some advice: To me, moving averages are enough of a indicator to make money. Keep your chart simple, stay away from major news and I personally do not trade first friday of every month (NFP). Go with the flow of the market don,t worry about ...
Here is a great scalping method