10.3 SCALPER/RANGE TRADE SYSTEM

[xrismak]

Here is a great article from WSJ, fresh off the press- says trending might be back after the late 2012 ranging:

Currency Volatility Revives Market, Jan 29-2012

http://online.wsj.com/article/SB1000142 ... lenews_wsj

I have been taking more 10.2 trades lately as the market has gotten more volatile. Back to my 4H charts where I make most of my money. Keep 10.3 for ranging markets.

Bob,
exactly my Thoughts too.

Happy Trading
xrismak

[Gertje]

Here is a great article from WSJ, fresh off the press- says trending might be back after the late 2012 ranging:

Currency Volatility Revives Market, Jan 29-2012

http://online.wsj.com/article/SB1000142 ... lenews_wsj

I have been taking more 10.2 trades lately as the market has gotten more volatile. Back to my 4H charts where I make most of my money. Keep 10.3 for ranging markets.

I eyeballed the charts twice every day, using the session-converted DP-DO charts set to draw the DP-DO 1 hour before opening the EU and the US sessions.
Last week I found that EXACTLY at the newly drawn daily opening, the price takes of and 80% of the case away from the daily pivot.

Is it technically possible to write an EA that;
- calculates the adjusted DP-DO the way Baluda did in his Indi using the GMT+/- xx hrs,
- 'sees' that the DO is above/ below DP,
- opens a buy/ sell at the start of the new H1 candle that functions as the adjusted first D1 candle,
- does this for multiple sessions [or load as many EA's as sessions one wants to trade]

[nanningbob]

Here is a great article from WSJ, fresh off the press- says trending might be back after the late 2012 ranging:

Currency Volatility Revives Market, Jan 29-2012

http://online.wsj.com/article/SB1000142 ... lenews_wsj

I have been taking more 10.2 trades lately as the market has gotten more volatile. Back to my 4H charts where I make most of my money. Keep 10.3 for ranging markets.

I eyeballed the charts twice every day, using the session-converted DP-DO charts set to draw the DP-DO 1 hour before opening the EU and the US sessions.
Last week I found that EXACTLY at the newly drawn daily opening, the price takes of and 80% of the case away from the daily pivot.

Is it technically possible to write an EA that;
- calculates the adjusted DP-DO the way Baluda did in his Indi using the GMT+/- xx hrs,
- 'sees' that the DO is above/ below DP,
- opens a buy/ sell at the start of the new H1 candle that functions as the adjusted first D1 candle,
- does this for multiple sessions [or load as many EA's as sessions one wants to trade]

In your programming for TP spots look at weekly S/R lines and Mid pivots. I have been studying them this week and think they are a better read than the dailies but have not come to a conclusion yet. That weekly pivot is a nice bounce or breakthrough point.

[Gertje]

Here is a great article from WSJ, fresh off the press- says trending might be back after the late 2012 ranging:

Currency Volatility Revives Market, Jan 29-2012

http://online.wsj.com/article/SB1000142 ... lenews_wsj

I have been taking more 10.2 trades lately as the market has gotten more volatile. Back to my 4H charts where I make most of my money. Keep 10.3 for ranging markets.

I eyeballed the charts twice every day, using the session-converted DP-DO charts set to draw the DP-DO 1 hour before opening the EU and the US sessions.
Last week I found that EXACTLY at the newly drawn daily opening, the price takes of and 80% of the case away from the daily pivot.

Is it technically possible to write an EA that;
- calculates the adjusted DP-DO the way Baluda did in his Indi using the GMT+/- xx hrs,
- 'sees' that the DO is above/ below DP,
- opens a buy/ sell at the start of the new H1 candle that functions as the adjusted first D1 candle,
- does this for multiple sessions [or load as many EA's as sessions one wants to trade]

In your programming for TP spots look at weekly S/R lines and Mid pivots. I have been studying them this week and think they are a better read than the dailies but have not come to a conclusion yet. That weekly pivot is a nice bounce or breakthrough point.

Indeed.

Am looking into expanding the WP breakthrough idea;
- SL at the former week WP
- Change SL every week to the former week's WP
- Let the crossing of the former week WP close the trade
- Enter again on the crossing

In theory there can be 2 trades open on a pair if the trend changes;
- The 'old' trade going towards it's stop out at the former weeks WP and cashing the profit
- The 'new' trade going into profit
Closing the current week trading for zero loss/ profit due to the hedge.

This way a strong and prolonged trend can be ridden to the 2nd highest/ lowest week WP.
Now I need to think about how to add to the winning trades, the DP isn't touched at all sometimes.

[Aus67]

Hi Traders!

My most gratefull thanks to everyone who developed, programmed in and particiapted in bringing this system to 'dumharse traders' like me.!! Thank you.!

Daryl

[Haggadah]

That is not an option for US citizens (victims)

You have an Option, Keep your Hard Earned Money FAR AWAY from Finfx, it is Not BY FORCE that You must USE them to trade FX or whatever Instruments. Play Smart and Don't be a Looser, a fool and his Money are soon Parted by the likes of Finfx :!: Take Your Time and Look Very Hard for An Alternative Criminal.
I cannot Warn or Advise you any further, if you won't Listen then you will feel the loss via your Live Account.

Happy Trading,

xrismak

I am about to fund my dormant accout with them an ECN. They say it is good for scalping an EA as well. Good I read yor warning. What else you can say about them?

Haggadah

[sqbi]

Hi All,
First of all, Thanks you Steve for EAs!
I'm beginner and facing unusual situation for me I'm testing EA: 10.3 BUY DOpen W.MA filter 1.8.13.
I have few question:
1. Should I run this EA after any conditions are fulfilled? And those conditions should be checked manually?
2. EA opens only one position and closes it when period for testing ends. There is only one trade, without modification, and only buy?
3. There is no lines on chart, is it ok?

Please excuse my not professional questions. I've just started learning how to programm.

Regards,
Sqbi

[ericjschroeder]

That is not an option for US citizens (victims)

You have an Option, Keep your Hard Earned Money FAR AWAY from Finfx, it is Not BY FORCE that You must USE them to trade FX or whatever Instruments. Play Smart and Don't be a Looser, a fool and his Money are soon Parted by the likes of Finfx :!: Take Your Time and Look Very Hard for An Alternative Criminal.
I cannot Warn or Advise you any further, if you won't Listen then you will feel the loss via your Live Account.

Happy Trading,

xrismak

I am about to fund my dormant accout with them an ECN. They say it is good for scalping an EA as well. Good I read yor warning. What else you can say about them?

Haggadah

Since this is not a thread about brokers, I will keep this short. I would say to fund it with a small amount of money and find out for yourself. I have not had any negative experience yet with them, and xrismak has only offered warnings to me but no proof, I will rely on my own experience. However you may find the upcoming switch to GMT+0 a bit of a challenge if you are trading NB's method. Just a thought. Oh, yes, you should confirm this but my ECN account with them has a minimum lots of 0.10 with a Step of 0.01.

Eric

[SWG123]

However you may find the upcoming switch to GMT+0 a bit of a challenge if you are trading NB's method.
Eric

Not sure why this should be a problem. NB trades off Cowboy IBFX GMT+0 charts, has done for ages.

[ericjschroeder]

However you may find the upcoming switch to GMT+0 a bit of a challenge if you are trading NB's method.
Eric

Not sure why this should be a problem. NB trades off Cowboy IBFX GMT+0 charts, has done for ages.

Ah, but he is the Master. It just seems that everyone else seems to be focusing on GMT+2 for NY close. no problem, thanks.