Hi SnoopyAKQJT, Well done. It will be helpful for visual backtesting and one can set alarms in TradingView. If your code with parameters from Post #1 could be interpreted in MQL for Meta Trader or in JAVA for jForex we could do a mechanic back ...

A Guide to Creating a Minimalistic Scalping Strategy

And why is that Rammstein73? I find it quiet strange since I am with ECN broker for last 4 years, as I mentioned earlier. Never had any problems. Best,

A Guide to Creating a Minimalistic Scalping Strategy

Hi Mades, Thanks and thank you everybody for adding your comments and evolving the tread forward. There are some issues with MA Crossing that you and others pointed out. I put them into this 5 points: MA cross are most commonly indicating correct ...

A Guide to Creating a Minimalistic Scalping Strategy

Hi Erebus, Becareful of 55 EMA. Exponential move faster and is more aligned with price. It should be two fast EMA cuting through slower SMA hence my system is fast 12 EMA cuts slower 26 EMA and then cut slow 55 MA. You have great possibility that ...

A Guide to Creating a Minimalistic Scalping Strategy

Hi mades, Well, it is just your opinion. Moving averages are one of the basic and most common tools used in technical analysis. Moving Average is commonly used to smooth out short-term fluctuations and highlight longer-term trends or cycles. Not ...

A Guide to Creating a Minimalistic Scalping Strategy

Hey johnmaster, I do not think so. I use my broker for last 4 years. I scalp on daily basis, as quick as 1 or 2 pips sometimes. I am not going to advertise on this broker but I think there are plenty of options. Chin up!

A Guide to Creating a Minimalistic Scalping Strategy

Hey venividivici, To be honest I have tried this on 10 second but without any luck. This parameters are best to use on 1 min. chart. Many people consider low time frames to be noisy. Some tell that 1 minute is just white noise. I think you can trade ...

A Guide to Creating a Minimalistic Scalping Strategy

Hard to tell Xw53Jk. You stick to three lines. In my setup, for better recognition, fastest have lighter color: 12 EMA is gold 26 EMA is blue 55 SMA is black So the faster is moving average the brighter it is. Brighter averages will cross darker ...

A Guide to Creating a Minimalistic Scalping Strategy

Thanks Xw53Jk, Stay with the trend or trend is your friend they say. Right? This is the trend following system - if there is no trend - well, it will not give you lots of good entry points. If lines get closer together or if volume drops ...

A Guide to Creating a Minimalistic Scalping Strategy

Hi Go5, No. You are on your own here. For exit use your Money Management (I use 1:3 Risk to Reward Ratio, so if SL is 10 pips than TP is 30 pip, those numbers are fixed). But if you want to really follow the trend and ride on your profits just glue ...

A Guide to Creating a Minimalistic Scalping Strategy

Hi bloodpoodle, Thats why you have three indicators. EMA, EMA and SMA. One of the EMA have to cut through two other moving averages, this alone filters some of the wrong entry points. Another filter is checking higher time frames, you skip bad entry ...

A Guide to Creating a Minimalistic Scalping Strategy

Hi dkarev, Please refer to first post: Which means you may use confirmation for this setup. I am looking constantly at Pivots and S/R levels. I check higher time frames as well. This is TREND FOLLOWING METHOD. And in this kind of methodology you ...

A Guide to Creating a Minimalistic Scalping Strategy

Just now EUR/USD: Short Entry: 1.07256 Stop Loss: 1.07356 Take Profit: 1.07013 +24,5 pip image I am done for today

A Guide to Creating a Minimalistic Scalping Strategy

Good stuff Grimweasel, Thank you for your insight. This is the key to refine this system. Basic rule is to cut looses quick. If we put SL 5 pip this will also cut winners. There will be need for extra indicator? Or? Best,

Simplicity is the Ultimate Sophistication

Hey, Good for you! Since you spread EA around here may be you can present the reports. What is the probability of this strategy and/or EA in your tests? This is the way to determine a what is the true edge of any given strategy, not only this one, ...

Simplicity is the Ultimate Sophistication

Guys, On the serious note: you do have to back test the s*** out of this EA. Otherwise the is just a coin toss, like most "London Open" strategies... grandaevus, can you back your EA up with any data?

Simplicity is the Ultimate Sophistication

Hey Timny, I am using jForex trading software. Do not use MT4 at all. About back testing: it is vital to see data, the more the better. 3 weeks are not enough to rate strategy. We would need like 3 years or more test on 'minute scale' running this ...

Simplicity is the Ultimate Sophistication

Hey! Grandaevus pulled out EA, now version 6. Great. As long as I am not able to use this EA could any of you provide some back testing done on this strategy through MT4. That would be important to set out accuracy of EA and strategy itself. Thanks ...

Simplicity is the Ultimate Sophistication

What the hell happened? image

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