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Simple Scalp Machine

  • #61
  • May 5, 2011 2:55am May 5, 2011 2:55am
Quoting Forexcube
Entry Rules - Concervative Strategy
We open a sell trade when the wellxAMA indicator shows red dots and the dots are of the same color in the previous bar, as it is an indication that the current trend continues. Likewise, we open a buy trade when the wellxAMA indicator shows green dots and the dots are of the same color in the previous bar, as it is an indication that the current trend continues as shown in the following picture.

Entry Rules - Risky Strategy
We open a sell trade when the Candle is crossing...
Hi Forexcube,

My broker don't use MT4. I only have Kaufman AMA indicator. How do you determine the Green or Red dots or no dot?

Thanks!
  • #62
  • May 5, 2011 3:07am May 5, 2011 3:07am
Hi Cube, here was a successful trade tonight on EU using your indi with my grids. I put two indis on the chart, second one set at 2 periods, and wait til they line up for entry. Used my grids to find good targets. Money in the bank. 15 min for good intraday trend.

Cheers-Steve
Attached Image (click to enlarge)
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  • #63
  • Edited 6:54am May 5, 2011 6:25am | Edited 6:54am
Silver, Weekly, 2011 Mai 05
This is high qualified speculation sh*t!
...may be feasible based on collusive behavior.
Attached Image (click to enlarge)
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  • #64
  • May 5, 2011 6:26am May 5, 2011 6:26am
Quoting stevefx
Hi Cube, here was a successful trade tonight on EU using your indi with my grids. I put two indis on the chart, second one set at 2 periods, and wait til they line up for entry. Used my grids to find good targets. Money in the bank. 15 min for good intraday trend.

Cheers-Steve
Hi Steve

Great design!

Keep it up!

FXcube
  • #65
  • May 5, 2011 6:42am May 5, 2011 6:42am
Quoting E.t
Hi Forexcube,

My broker don't use MT4. I only have Kaufman AMA indicator. How do you determine the Green or Red dots or no dot?

Thanks!
The weellxAMA-Code is the following:

//+------------------------------------------------------------------+
//| Kaufman.mq4 |
//| Copyright -2005, by konKop & wellx |
//| http://www.metaquotes.net |
//+------------------------------------------------------------------+
#property copyright "Copyright 2004, by konKop,wellx"
#property link "http://www.metaquotes.net"

#property indicator_chart_window
#property indicator_buffers 3
#property indicator_color1 Sienna
#property indicator_color2 DeepSkyBlue
#property indicator_color3 Gold

//---- input parameters
extern int periodAMA=9;
extern int nfast=2;
extern int nslow=30;
extern double G=2.0;
extern double dK=2.0;

//---- buffers
double kAMAbuffer[];
double kAMAupsig[];
double kAMAdownsig[];

//+------------------------------------------------------------------+

int cbars=0, prevbars=0, prevtime=0;
double slowSC,fastSC;

//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- indicators
SetIndexStyle(0,DRAW_LINE);
SetIndexStyle(1,DRAW_ARROW);
SetIndexArrow(1,159);
SetIndexStyle(2,DRAW_ARROW);
SetIndexArrow(2,159);
SetIndexBuffer(0,kAMAbuffer);
SetIndexBuffer(1,kAMAupsig);
SetIndexBuffer(2,kAMAdownsig);


IndicatorDigits(4);

//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
int i,pos=0;
double noise=0.000000001,AMA,AMA0,signal,ER;
double dSC,ERSC,SSC,ddK;

if (prevbars==Bars) return(0);

//---- TODO: add your code here
slowSC=(2.0 /(nslow+1));
fastSC=(2.0 /(nfast+1));
cbars=IndicatorCounted();
if (Bars<=(periodAMA+2)) return(0);
//---- check for possible errors
if (cbars<0) return(-1);
//---- last counted bar will be recounted
if (cbars>0) cbars--;
pos=Bars-periodAMA-2;
AMA0=Close[pos+1];
while (pos>=0)
{
if(pos==Bars-periodAMA-2) AMA0=Close[pos+1];
signal=MathAbs(Close[pos]-Close[pos+periodAMA]);
noise=0.000000001;
for(i=0;i<periodAMA;i++)
{
noise=noise+MathAbs(Close[pos+i]-Close[pos+i+1]);
};
ER =signal/noise;
dSC=(fastSC-slowSC);
ERSC=ER*dSC;
SSC=ERSC+slowSC;
AMA=AMA0+(MathPow(SSC,G)*(Close[pos]-AMA0));
kAMAbuffer[pos]=AMA;

ddK=(AMA-AMA0);
if ((MathAbs(ddK)) > (dK*Point) && (ddK > 0)) kAMAupsig[pos] =AMA;
if ((MathAbs(ddK)) > (dK*Point) && (ddK < 0)) kAMAdownsig[pos]=AMA;

AMA0=AMA;
pos--;
};
//----
prevbars=Bars;
return(0);
}

May be you could copy something in your indicator. I don't know.

Hope it helps!

Kindest regards
FXcube
Attached Image (click to enlarge)
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  • #66
  • Edited 7:01am May 5, 2011 6:46am | Edited 7:01am
Quoting Forexcube
Hi yaed!

Scripts are excellent by scalping. Could you post it here or could you give a link, please.

Thanks!

FXcube
http://www.forexfactory.com/showthread.php?t=193727

Courtesy of Forex saint

I always use the scripts once in demo first to see that i got all the numbers right, dont want to make a 1.0 lot order when im supposed to make a 0.1 order

Again...
My signature is: "Classified".
  • #67
  • Edited 6:59am May 5, 2011 6:47am | Edited 6:59am
Quoting Forexcube
Often I manage some trades interim with the Bollinger Band when M5 looks a little range bound and M1 BB gives me with the upper and lower band some entries and exits, ...or taken some orders like in the frame below: The first trade was done due to the fact that wellxAMA are running down, the second one was typically range bound trading.
Ah i see, that would mean sometimes you will hedge the first position, if with the dots entered one way and the bollys give you a reverse place to enter.

12:57 London time: E/U has a S/D cluster at 1.4841 down to about 1.4819 area so dont place orders there, just watch historic PA at M5 or M15 at around that level and you will see what i mean, things go *wosh* *woosh* every which way. On the other hand a nice place to enter could be when it breaks through that area.

Also we are getting close to November 2009 highs so the 400 pips above is an interesting area.
My signature is: "Classified".
  • #68
  • May 5, 2011 7:02am May 5, 2011 7:02am
Quoting Forexcube
Silver, Weekly, 2011 Mai 05
This is high qualified speculation sh*t!
...may be feasible based on collusive behavior.
The margin requirements on open positions are being raised, which is totally silly but its happening anyway. Thats why paper silver is crap, bullion is the stuff!
My signature is: "Classified".
  • #69
  • May 5, 2011 7:02am May 5, 2011 7:02am
Quoting yaed
Ah i see, that would mean sometimes you will hedge the first position, if with the dots entered one way and the bollys give you a reverse place to enter.

12:57 London time: E/U has a S/D cluster at 1.4841 down to about 1.4819 area so dont place orders there, just watch historic PA at M5 or M15 at around that level and you will see what i mean, things go *wosh* *woosh* every which way. On the other hand a nice place to enter could be when it breaks through that area.

Also we are getting close to November 2009 highs so the 400 pips above is an interesting...
Yes indeed!
  • #70
  • May 5, 2011 7:04am May 5, 2011 7:04am
Anti Trade Example

This kind of trading make really no sense!

It won't do any good with the best strategy!

If this account (50.-$) would have more deposits all these orders could have run in a big win!

Without good money management you can run an excellent strategy against the wall! No Problem!

FXcube
Attached Image (click to enlarge)
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  • #71
  • May 5, 2011 7:10am May 5, 2011 7:10am
No way!

Loss: - 19.82$

This is foolish trading!

No doubt!
Attached Image (click to enlarge)
Click to Enlarge Name: not so!.jpg Size: 92 KB
  • #72
  • May 5, 2011 7:14am May 5, 2011 7:14am
Deposit: 36.46 $
Attached Image (click to enlarge)
Click to Enlarge Name: deposit 36,45$.jpg Size: 22 KB
  • #73
  • Edited 7:31am May 5, 2011 7:16am | Edited 7:31am
Quoting Forexcube
No way!

Loss: - 19.82$

This is foolish trading!

No doubt!
Whats wrong then any idea?

Well at least with hindsight we know you where right. Only your SLs where to tight this time, except the 002 buy E/U that didnt turn out so well, at least with near term in sight.

Ill fool around with that AMA thing and see what i can see anyhow.

EDIT: So uh what does the settings mean? It looks like its utilizing the math of a simple, close MA with some modification. So the period setting controls that.

The Nslow setting is perhaps something to try to filter sudden change away. If not set intelligent it will probably make early entries impossible while if done intelligent removing places with too quick movements to be sustained.
My signature is: "Classified".
  • #74
  • May 5, 2011 7:35am May 5, 2011 7:35am
Quoting yaed
Whats wrong then any idea?

Well at least with hindsight we know you where right. Only your SLs where to tight this time, except the 002 buy E/U that didnt turn out so well, at least with near term in sight.
The margin call would have thrown me out with this little 50.-$ Account. Really the only reason to go out too soon!
  • #75
  • May 5, 2011 7:37am May 5, 2011 7:37am
Quoting yaed

Ill fool around with that AMA thing and see what i can see anyhow.

EDIT: So uh what does the settings mean? It looks like its utilizing the math of a simple, close MA with some modification. So the period setting controls that.

The Nslow setting is perhaps something to try to filter sudden change away. If not set intelligent it will probably make early entries impossible while if done intelligent removing places with too quick movements to be sustained.

You could try it with other parameters, why not?
  • #76
  • May 5, 2011 7:39am May 5, 2011 7:39am
Silver, M5, 2011 Mai 05
EURUSD,M5, 2011 Mai 05

When monitor the Silver and EURUSD market it seems currently extremely often that there are some correlation in their up and downtrends.

Take part at M5 figures below, please.

In this example Silver seems to be the precursory element, might be it has to run in a greater down.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Silver, M5, 2011 Mai 05, Leading.jpg Size: 338 KB
Click to Enlarge Name: EURUSD, M5, 2011 Mai 05, lagging.jpg Size: 363 KB
  • #77
  • May 5, 2011 7:44am May 5, 2011 7:44am
Quoting Forexcube
The margin call would have thrown me out with this little 50.-$ Account. Really the only reason to go out too soon!
Perhaps. At least with your normal money management in mind. But using SL of fixed or semi fixed values, given that it in itself is working, then the amount of money to start with matters very little. For instance SL of 10 pips on a 001 lot is less then 1 euro/USD, so that would be enough for more then 50 SL. Im not saying anybody can do it, or even thats its conceivable for anyone ever, only that in theory it might work. And then from there increase lot size steadily.

I am quite sure however that doing stuff like that requires far more then reading indicators and trying to act upon them. It would require knowing things in advance that cannot be calculted upon since that data, in normal terms, does not exist yet.
My signature is: "Classified".
  • #78
  • May 5, 2011 7:48am May 5, 2011 7:48am
Quoting Forexcube
Silver, M5, 2011 Mai 05
EURUSD,M5, 2011 Mai 05

When monitor the Silver and EURUSD market it seems currently extremely often that there are some correlation in their up and downtrends.
Indeed my friend.

I watch silver for buddies of mine hwo invest in bullion. They are interested both in buying it cheap when it drops and knowing what current spot price is. I make some trades on it for fun on my demo also as im watching the chart anyway every day.

Generally i think that if they are follwing each other, meaning if one goes down the other does the same, and the reverse. Thats normal. But then if silver drops and E/U is rangy or goes up then its pretty evident that silver is being manipulated in unnatural ways.
My signature is: "Classified".
  • #79
  • May 5, 2011 7:49am May 5, 2011 7:49am
[quote=yaed;4595660]Perhaps. At least with your normal money management in mind. But using SL of fixed or semi fixed values, given that it in itself is working, then the amount of money to start with matters very little. For instance SL of 10 pips on a 001 lot is less then 1 euro/USD, so that would be enough for more then 50 SL. Im not saying anybody can do it, or even thats its conceivable for anyone ever, only that in theory it might work. And then from there increase lot size steadily..../quote]

My sentiments exactly!

But it's boring to trade with a 50.-$ Account. Otherwise I won't trade at a public thread with big capital.
  • #80
  • May 5, 2011 8:03am May 5, 2011 8:03am
[quote=Forexcube;4595683]
Quoting yaed
Perhaps. At least with your normal money management in mind. But using SL...
Well just feed the next one with 250 $ instead. Thats the most simple solution i can come up with.
My signature is: "Classified".
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