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- Aaragorn replied Nov 30, 2007
Given these charts (I know it's not the GBP/JPY don't worry about which pair focus on the system) what is the first thing the EA should consider? What is first on it's sequence for analysis? This is only my guess... I'm thinking it needs to ask ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- Aaragorn replied Nov 30, 2007
ok, can do. what specifically are you using for trend indication? now that the hard part is done and the indicators are all rounded up and working..... who wants to venture forth to assert the system rules? I know that may sound redundant with ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- Aaragorn replied Nov 30, 2007
EA status .... — I have assembled the following indicators and they appear to be available to the EA for analysis ONLY from the m1, m5, m15 time frames: MACD, Stochastic, Lag60,Lag80 Pivot, (daily, weekly, monthly, R1,R2,R3,S1,S2,S3) 60 ema ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- Aaragorn replied Nov 30, 2007
I see long possibly but i'm not sure about pulling the trigger. Think I want to let it cook a little longer. The flat line of the middle of the bollinger on the 15 min chart has me concerned. It could just as easily retrace. Well it's bedtime for ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- Aaragorn replied Nov 29, 2007
totally cool ZAPip! I think you made a good trade. I don't regret money left on the table that is apparent with perfect hindsight. You made your decision based on what met your needs and that is a good choice in my book.
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- Aaragorn replied Nov 29, 2007
daledane I have a request of you if you want to help me with something. assuming that I am going to incoporate the auto pivot indicator into this EA ...never mind, sorry, ignore this post.
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- Aaragorn replied Nov 29, 2007
good point. While I am used to using longer time frames perhaps I should also use the 1m and the 15 min chart for the ea?
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- Aaragorn replied Nov 29, 2007
I just put 16 pips in my demo account and 7 pips in my live account in this long position which I marked on the 5 min chart in the price action. With perfect hindsight I note the confluence of indicators on the 15 min chart. There is so much evident ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- Aaragorn replied Nov 29, 2007
I hate to leave money on the table but I also hate to get caught with my pants down when things change. Not all counter trend trades generate 400 pips. Some do but is the risk of taking counter trend trades worth the reward of the ones you win out ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- Aaragorn replied Nov 29, 2007
Let me ask you this then, If you had to reduce this system to it's simplest most explicit rules an their triggers for entry and exit, what would you have them be and on what time frame(s)?
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- Aaragorn replied Nov 29, 2007
Before I try to make an EA of this system I need to try to trade it myself. I'm going to do that in a demo account and see if I can learn how it behaves. The pair I'm most familiar with recently is the aud/usd. I'll start there I guess.
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- Aaragorn replied Nov 29, 2007
that does help, thankyou! ok this makes sense but don't we want to do our scalping in the direction of the major trend only on longer time frames? that seems safer to me. We may not take as many trades but the ones we do take will stand a better ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- Aaragorn replied Nov 29, 2007
That's just it, when I do that they don't appear in the custom indicator list or any other list. It's like they don't exist or are not visible to the platform.
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- Aaragorn replied Nov 29, 2007
url this is where I got the file from... it downloaded and opened in metaeditor.. it says EX4 and that's all it says... I save the file in the indicators folder of the experts folder. I also save it in the experts folder because I'm not sure which ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- Aaragorn replied Nov 29, 2007
Yes I'm running MT4 on fxdd's servers. Maybe there is something special to installing, attaching and running an .ex4 file I don't know?
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- Aaragorn replied Nov 29, 2007
Sweet, I love to here of successful trades! and traders willing to share how they did it.
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- Aaragorn replied Nov 29, 2007
I'll have a look, the lag indicators you mention that were posted didn't work on my platform they were .ex4 files not .mq4 format. As far as EA's go. I have made lots of em far more than the money I've made from them
but they have taught me a few ...Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- Aaragorn replied Nov 29, 2007
I have yet to get an .ex4 file to work in my platform. I don't know what the LISPA does and no one has really told me yet. it's possible that if I understood what it was doing that I could make it myself?
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait
- Aaragorn replied Nov 29, 2007
ok, in a previous reply to me you said, "Position and angle of the Ema's, Lag position, MACD crossover, Stoch Histo and the price action prior to taking this trade, bollinger band position and angle of the middle bollinger band" what I think I'm ...
Simple Method of Scalping any pair on 5 min chart , specially GBP/JPY - by Imran Sait