I know that this is a very old thread but I have been scalping the 1H, E/$ on Oanda demo with success. I set a default 10 pip TP but get nervous and get out with 4-5-6 pips. I hope to get more familiar with it so I can let the profits ride more. FF has many more threads and posts on the Guppy and Lever 70’s “Cornflower” has posts buried in that very long thread. Lots of links and ideas re. the Guppy over there. If you can’t discern the trend with GMMAs then stick to mutual funds. d.
I came across one of the best guppy strategies. COMPLETELY SPELLED OUT as far as entries, exits, stops etc. Everything was by a guy named Walter on ForexLabs…Below are two links to pdfs that show the complete strategy,
Here is the short version of it,
Scalping system #6-a (Trend Trades) | Forex Strategies & Systems Revealed
Now I am making an indicator that incorporates the guppy analysis within the candle so you can know at all times whats going on in guppyland without having all the rainbows everywhere and you have other indicators you like to use. I will report back when I have it done.
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Looking forward to your indicator.
Thanks for sharing, i love everything guppy…
I’ve been successful in stocks trading using GMMA. I’m now in a forex demo account and I find the GMMA very effective. My strategy is to use the D1 chart to identify which pair is on a very stable trend and use H1 to time my entry. Sometime I even use M1 to “surgically” enter the market. Exit is handled by either SL if the mrket moved against my trade or TS if I’m profitting. SL/TS is calculated based on the biggest most recent pullback in D1.
If the pullback is accompanied by a “bubble” by the long term group then it is more likely the beginning of a trend change.