Demo traded it for months and months, then went live with $30 and then got a broker matching bonus, 1:1, so got up to like $400 or $500 with my deposit. I was down 30% by New Years, and that’s with ending Nov and Dec with 21% and 11% gains. I had 4 positive months, and 6 negative months. 500+ trades. Switch things up in early 2024 after some limited success.
1 Like
What if you just stuck with 1:1 RR? What would your profitability look like? I guess we need to know your win rate too.
That’s the issue I find with most scalping strategies. Sometimes they work, and sometimes they just don’t. Maybe it was easier before algos took over the markets, but right now it feels like the rules of the game chane every single day, if not multiple times a day. I have seen plenty of people who manage to trade forex profitably but when it comes to scalpers the numbers dwindle down significantly
1 Like
“Dwindle down significantly” is a real understatement.
There are countless posts at Babypips in which established, successful, professional traders explain in some detail, and really clearly, why and how long-term profitable scalping and retail CFD trading are - by definition and by structure - necessarily mutually exclusive activities.
Unfortunately, they’re not the ones people want to read. 
8 Likes
I’m of the opinion that if you can maintain your risk management principles you can be successful. Don’t fomo trade, don’t push the limits on your trade size, slow and steady. That can get boring. And “boring” leads to breaking your rules. And you die! 
1 Like
Basics of my Pending Order Trading strategy. I only show the SL adjustments on 1 trade as an example.
**on the final trade (SELL) - You can see that price is at the channel mid-point, which is one of my suggested CLOSE points when the channel is angled upward. This is a case where I typically do close and then consider another pending order based on where it looks like price will break the solid or dotted line.
HI AT,
Do you mind directing me to the indicators and template in this setup please.
Thank you
Here you go -
Template:
Regression 200.tpl (618.3 KB)
Indicators:
xu-channel-button.ex4 (55.4 KB)
5 Minutes Scalping System MT4 Indicator.ex4 (16.6 KB)
PP Support Resistance MT4.ex4 (13.0 KB)
bb-stops-new-format-v1-2.ex4 (50.0 KB)
hma-color-nrp-indicator.ex4 (5.7 KB)
vhpchannel_03.ex4 (18.2 KB)
TicksSeparateVolume.ex4 (14.6 KB)
#FS30_4.ex4 (3.3 KB)
4 Likes
I see you’ve got a couple new ones. Cool.
How’s the trading going overall?
1 Like
Steady. Yesterday was fantastic, but I still feel like we are waiting for USD to make a move up or down and its making me cautious.
That’s why I am focusing more on the pending orders. So I don’t chase profits and end up on the wrong side.
How about you? Doing good?
1 Like
Bad July. EURUSD rocked me if I’m being honest. Got a bit over extended and bam, had to close down some losing positions and take losses. But that’s the name of the game to stay afloat. August, much better, up about 9%. Gotten back to the basics and a bit more strict with my number of active trades and when I trade. It’s made a big difference.
2 Likes
Yeah. The market is still so uncertain. It makes for a lot of opportunities but it demands I watch it all the time.
2 Likes
Hi,
Greetings from Germany here.
I saw this strategy for the first time and read a lot in this thread and also tried a few trades in my demo account already.
Do you still recomend the settings from the 1st Post for the 5min chart, or has it changed over the time? Around post 3000 or something I read about the 20 EMA for High and Low, not the 32 anymore?
I suppose there are different settings for the 1h, 4h and 1D Chart, whicht would these be for the EMA´s.
Thank you for your help.
Best regards from Munich, Germany
I was running a channel length of 25, with the fast at 6, the slow at 14. My indicator is for Tradingview so not sure if it’s 1-to-1 with the MT4 stuff.
hi guys, i am working with mt5 and inwas wondering if there are equivalent indicatorsnfor mt5 environment. it seems i coukd just find the first one.
i would like to code an advisor with the startegues for an easy backtest.
Maybe try AI to convert the MT4 to MT5. Then run them side by side and see if they match.
Ex4 cannot be decoded and rewritten for mt5 unfortunately
Are you still using it though? Do you mind sharing your TV indicator?
I’m not. I have the indicator on my charts and look at the MA crossovers for some reference, but I’m trying something else.
The TV indicator I used was actually shared by a user in this thread. Here’s the indicator on TV.
1 Like