I will try and answer some questions in a few hours when I have a little extra time. Good luck everyone

Super Simple 5min Scalping

Glad to see others having success with this system. Here are a couple more examples: image

Super Simple 5min Scalping

Hello, I have been working on adapting this strategy to lower time frames. The way it is written works great as is, and I am still taking trades with it, but personally I like to work on lower time frames.

Trend Strength Indicator + 3EMA

If you don't like to handle a lot of false entries, you may want to consider a higher time frame. Here is a great one from 30min. image

Super Simple 5min Scalping

image Very low gains on these trades, market is still cool from the weekend. Just wanted to show some more examples.

Super Simple 5min Scalping

I do not use another indicator to tell me when to stay out currently. A lot of the time, if a signal goes badly, I will wait until a complete reverse signal before entering again. This keeps me out of alot of false entries, but at the same time it ...

Super Simple 5min Scalping

image Heres a couple from the last couple hours. Out of my usual trading times though. To Tombstone: This does work on higher time frames, and that definitely helps with false entries.

Super Simple 5min Scalping

Hey tj, First you will need to open up the navigator in MT4 (Ctrl + N). Then click on indicators and drag 'Moving Average' onto the trend strength indicator window on your chart. Enter the following settings: Period: 3 MA method: Exponential Apply ...

Trend Strength Indicator + 3EMA

Hello Rebel, Using your image, the circle was an entry into a short trade: image

Trend Strength Indicator + 3EMA

An alternative exit strategy is to hold until you see a reverse signal on H4. This can lead to very large gains, but you will be stopped out more often.

Trend Strength Indicator + 3EMA

Personally, I think we're going to see a retest of 149 before we break through the bottom for a new low.

Daily GBP/JPY analysis

Would be very careful of a bounce off the 142 area

Daily GBP/JPY analysis

Kind of off topic, but I don't see brokers who conform to NFA regulations losing much client base. Eventually it will probably be a requirement for any US Trader to use a broker who is registered with the NFA anyways. (For their protection of course ...

Implications of MT5

I look for proper regulation. Spread is not really a concern with me as i'm not a scalper. Customer service is important to me as well.

What do traders look for in a broker?

I would be careful for a bullish bounce at this point to retest the last daily resistance

Daily GBP/JPY analysis

Aim low and concentrate on your risked amount more than what you want to gain.

Highest ROI % ?

Using FXDD Mt4 with no problems on windows 7

MT4 window 7?