10.3 SCALPER/RANGE TRADE SYSTEM

[ibuks]

Hi everyone,

Just my 2cents to this great idea.

Try and avoid too much analysis as it can lead to analysis paralysis.

I took up d challenge today to test the all pair indicator using the entries advised and to at 20 pips with no sl and with the aim of closing all at the end of the day.

I took 21 pairs of those that is close to the entries given by the indicator after London open with no analysis or even a chart.

I just got home now and noticed that 16 already closed for 20 pips, 5 are still running with 2 in profit and 3 in negative.

I will keep testing and share the results..but for now, do less analysis.

May the pips always be with u all.

Ibuks

[ciliano]

I closed my laptop like an idiot last night with 19 trades open. Still, I woke up this morning and closed a +245 pip basket. I missed a good amount of profit, but whatever, still very profitable night. I am loving this so far.

[Jollyroger]

hi,

I need help, do you know any criminal with GMT +4 or GMT +3 server time?

Thanks

FX Company is +3 on server.

[censura]

I thought i would try your plan out by putting the 5.1 on 1hr scalp template and each time i added the 5.1 ea it opened a trade immidiately is this correct as i thought it would look for a retrace first ?

NB I gotta ask, the buy and sell EA that you posted will open trade even with just 1 pip retracement? (Like those wave on one candle that goes above/below DO). Is it possible to specified the pips for retracement for example let's say at least 10 pips and max of 50 pips retracement from DO. I believe once the price broke far from DP (especially if Average Daily Range is already reach for that day) it is not too good to enter trade.

I have this idea but I can;t really code....so..I will just leave it in the open if probably someone has the same idea.


regards~

Dont know. I really manually trade a lot now, setting pendings, etc. But I do want to experiment with just putting this thing on every pair and see what happens. I smell nickle trade time coming up. I am looking at a 1 median must be above the line for a trade to happen to filter some junk out or a MA line. I looked at putting my 5.1 EA from 10.0 on 4H chart. Those look real good and playing with that. That is how I played those trades that went against me yesterday and I had all those SL hits. I then put the trusty 5.1 on the chart and bingo, price did reverse and go the way the open/pivot indicated and got all my money back. It was a nice set of trades.

[jimbob1406]

For those who are using the Stealth TradeManager 6.1 form FxTr51in FF ( http://www.forexfactory.com/showthread.php?t=371147 ). Here you have the set file with very similar settings to Bob's Ratio Kit. Thank you Bob for this good idea and the good explanation of managing a trade.

Jim

[nanningbob]

I thought i would try your plan out by putting the 5.1 on 1hr scalp template and each time i added the 5.1 ea it opened a trade immidiately is this correct as i thought it would look for a retrace first ?

NB I gotta ask, the buy and sell EA that you posted will open trade even with just 1 pip retracement? (Like those wave on one candle that goes above/below DO). Is it possible to specified the pips for retracement for example let's say at least 10 pips and max of 50 pips retracement from DO. I believe once the price broke far from DP (especially if Average Daily Range is already reach for that day) it is not too good to enter trade.

I have this idea but I can;t really code....so..I will just leave it in the open if probably someone has the same idea.


regards~

Dont know. I really manually trade a lot now, setting pendings, etc. But I do want to experiment with just putting this thing on every pair and see what happens. I smell nickle trade time coming up. I am looking at a 1 median must be above the line for a trade to happen to filter some junk out or a MA line. I looked at putting my 5.1 EA from 10.0 on 4H chart. Those look real good and playing with that. That is how I played those trades that went against me yesterday and I had all those SL hits. I then put the trusty 5.1 on the chart and bingo, price did reverse and go the way the open/pivot indicated and got all my money back. It was a nice set of trades.

Not at this time. It sells/buys whenever price is across the line. I can put a 1MA median into it. So if 1MA is greater than 5.1 sell when bid is less going into the direction of open/pivot lines. Yes I can see it.

This thread is giving me ideas, far from a final product but 10.3a 4H trades sure look nice. Move TP quickly to 2, take half at 20 and let the rest ride until it crosses back over the 5.1 line again. I can feel that one coming but I am short on time so will have to wait over the weekend to test it out. Would have a complete system then, scalp/range trade 10.3 1H or less and long term trading 10.3a on a 4H/Daily chart. Keep it simple and then people can add whatever they are familiar with. The open above or below the pivot sure is an easy read for price direction for the day.

[nanningbob]

For those who are using the Stealth TradeManager 6.1 form FxTr51in FF ( http://www.forexfactory.com/showthread.php?t=371147 ). Here you have the set file with very similar settings to Bob's Ratio Kit. Thank you Bob for this good idea and the good explanation of managing a trade.

Jim

I have windows 7 on my computer and couldnt get it to work. Any else have that problem or can solve the issue??

DON this is a Tom Demark Peter Bain TDPB indicator. It will set pivot lines at what ever time you choose. It was designed to trade off of trendlines compared with daily pivots. It doesnt use a lot of computer RAM. You may find this as a basis for your programming ideas.

[nanningbob]

I have to get to school, busy day. Will study this stuff over the weekend. Because of my experimentations yesterday I was 15 and 17 for a loss of 24 pips. You have to remember though I am trying stuff that is different so not an accurate read of 10.3.

[nanningbob]

Sorry but my brother sent me this and I couldnt resist posting it. Hope Steve doesnt ban me.

[jimbob1406]

For those who are using the Stealth TradeManager 6.1 form FxTr51in FF ( http://www.forexfactory.com/showthread.php?t=371147 ). Here you have the set file with very similar settings to Bob's Ratio Kit. Thank you Bob for this good idea and the good explanation of managing a trade.

Jim

I have windows 7 on my computer and couldnt get it to work. Any else have that problem or can solve the issue??

Important that the dll 's are in the correct folder! (I made this fault first time) . Copy the mt4gui.dll into experts/libraries folder and mt4gui2.dll into the root folder of your Empty4 ( where terminal.exe and MetaEditor.exe are located ) (important for Win7).
Jim