NFP in 40 minutes. Wonder how my EA will do! I will not be turning it off. This kind of news should be fairly good for the EA. NFP usually has a lot of up and down which I want. No trades in at the moment. Pretty quiet leading up to NFP...

Scalping Done Right? Cubbybgood's Take On Quick Market Trades

Risk has been lowered now on the live account. I still have a 5 pips TP but have increased the dollar tp to $10. I think it will be a good change. I will keep my demo account as is though to kinda compare the 2. My hope is the $10 increase will ...

Scalping Done Right? Cubbybgood's Take On Quick Market Trades

What trading looks like on chart.

Scalping Done Right? Cubbybgood's Take On Quick Market Trades

You are correct! 5 pips TP is usually hit when I have 1-5 trades in the market. Anything past that I have closing at a $ amount. This helps when we have a bunch of trades in. I ended up only needing a 5 pip recovery on the EU highest lot pair for ...

Scalping Done Right? Cubbybgood's Take On Quick Market Trades

I was actually looking for an indicator that better shows the spreads across the board. This idea would be a good filter option for my EA though.

Scalping Done Right? Cubbybgood's Take On Quick Market Trades

So I'm going to keep the demo account going as is but I'm going to lower my live account risk to half what I'm using now after this basket closes. I think it will be enough but we will have to see. The question after that will be...keep the risk ...

Scalping Done Right? Cubbybgood's Take On Quick Market Trades

Again, good advice here. You are right on the 100 pips though.... I do only need around a 10 pip pullback in price at around 40-100 pips against me. The likelihood of that happening is good even during volatile news events. Still it's very possible ...

Scalping Done Right? Cubbybgood's Take On Quick Market Trades

I could also make trading work full time if I just had $30-50k to work with. I just don't have that kind of money yet. $50k would be better as I would only need to make 5% a month to pull a passable monthly income. I have tools that can do that but ...

Scalping Done Right? Cubbybgood's Take On Quick Market Trades

Hmmm... I've been trading for 14 years now and I'll say it's been full of a lot of hardship. I learn to read the market through tools which manifest themselves through my EA's What I understand about the market is it's not easy to find a system or ...

Scalping Done Right? Cubbybgood's Take On Quick Market Trades

It's a good suggestion. Something I've been wondering about my self. The USDCHF is pretty heavily correlated with the EU. I set out initially for the EA to only trade on low spread pairs as higher spread just didn't do well for it when TP was ...

Scalping Done Right? Cubbybgood's Take On Quick Market Trades

Interestingly enough! The EJ is strong with my system. At least in backtesting which isn't saying much. Still, promising though. It did perform better than the UJ. Is a matter of fact, it actually is one of the better performers in my testing when ...

Scalping Done Right? Cubbybgood's Take On Quick Market Trades

By the way Profitfarmer, Your advice is always appreciated!

Scalping Done Right? Cubbybgood's Take On Quick Market Trades

This is the big questions isn't it! I'm trying to decide how important the lowest spread pairs are here compared to branching out to a more well rounded hedge set of pairs. The ideal hedge is to have minimum exposer on each currency by using a wider ...

Scalping Done Right? Cubbybgood's Take On Quick Market Trades

I'm not giving the TMA EA out in physical form as I don't trust it will be used correctly. This is why I'm letting anybody and everybody have access to it (in it's controlled form) on my free 0 performance fee MAM account at fxchoice. Note, I GET $0 ...

Scalping Done Right? Cubbybgood's Take On Quick Market Trades

Here's a picture of what the EA and strategy looks like on chart. The green TMA band is where my EA BUYS and the RED band is where my EA Sells the market. Note, this TMA indicator is repainting but honestly, that's what I want when scalping the ...

Scalping Done Right? Cubbybgood's Take On Quick Market Trades

Oh I wish! This has been one of the most requested option for my EA. Trust me...It would have prevented a lot of headaches if this was an option when I released this EA to the public... I plan on changing the code and adding this future later on ...

Giving Back! My Best Expert Advisor EA Free for Everyone

You can do this but I don't really see the point in doing this as the V3 and V5 will take the same GBPCAD entry's. The exits will be different but it doesn't make a whole lot of since to me. I think you should chose which version to trade so you're ...

Giving Back! My Best Expert Advisor EA Free for Everyone

You may have an old version of the EA. The EA needs the the compiled RMI.exe indicator... Downloading the RMI.exe and putting it in your brokers indicator folder will fix this.

Giving Back! My Best Expert Advisor EA Free for Everyone

Honestly, the settings can be worked with to be run on pretty much any pair if the trader knows what they are doing and knows how and what settings to change. It's the beauty of the methodology. I recommended my 3 pairs as I felt those were the most ...

Giving Back! My Best Expert Advisor EA Free for Everyone