Simple & almost naked. The dream date or the dream system?

[franckyz]

Second Trade is Ok on EURUSD for Sell : +8 pips
Lots of Candle closed out of BB but i wait NonlagMA for Entry.

For exit, i don’t know what is the better. For now, my TakeProfit is always 8 pips…

[sandybeach]

Hello All,

it’s incredible but this system seems really working greatly!

Until now I have made only demo trading and I’ve already gained 20 pips in just a couple of hours.

Now I need to try it on real account. Let’s cross all the fingers because everytime I try a system for real it goes bad!!!

Good luck, i would advise caution

[apfrezza]

Hi,

I have a question for you all. Look at this chart (is a 1 min that I don’t like to trade…but anyway it fits perfectly for the example):

as you will notice at 18.37(about) there is a valid long entry signal that generated a 6 pips profit.
Soon after proces began to decrease. My questions are two:

1. The line became a support line again and therefore we should sell if prices broke it?
2. What about if prices broke the line (as they did) and then try to broke it again from bottom? We should again use the line to buy?

Hope everything is clear.

[blizard]

Hi SandyBeach, i find the parabolic SAR is a good place to place your SL. It allows you to take advantage of much of the trend while limiting your loss. Here is a 50 pip move on the five minute chart on Friday for EUR/USD. The Sar kept us in for most of the trend and gave us clear SL locations along the way down.

[blizard]

Approx 25+ pips on the 5 minute EUR/USD. The Parabolic really helps limit your loss.

thanks

[sandybeach]

@blizard

Approx 25+ pips on the 5 minute EUR/USD. The Parabolic really helps limit your loss.

thanks

Interesting, have to give it a go tomorrow thanks Blizard, i noticed you took of the Bollinger Bands in your last screenshot are they not working?

Also were you able to get more profit from your trades than normal by exiting at the SAR change ?

Also here are my demo trades for today. I did not trade as much as i would normally due to my home PC doing screwing things.

I was using Blizard’s originaly strategy. Just more proof this works

Also Blizard looks like i could of got a few more pips per trade if i had exited at the SAR change.

Thanks

There might be some other SAR indicators which might be more useful than the default one.

[blizard]

Hi sandy, the band’s strategy works aswell, just hard to have all on the same chart but the entries were great today also. A few small losses but it caught the big moves.

[sandybeach]

Thanks Blizard, so what im thinking, what about if we use the bollinger band idea for the setup and enter when the trade crosses the trend line like before and exit when the SAR changes.

Is this what your doing now ?

[PippinPips]

Hi SandyBeach, i find the parabolic SAR is a good place to place your SL. It allows you to take advantage of much of the trend while limiting your loss. Here is a 50 pip move on the five minute chart on Friday for EUR/USD. The Sar kept us in for most of the trend and gave us clear SL locations along the way down.

Hi Blizard, great to see you post again. I do agree that Parabolic SAR helps in limiting loss. However, I also noticed that this very same indicator is lagging. I have seen SAR lag showing uptrend while reality is the price is heading down. It only changed some times later. Which is why I think SAR might not be the best indicator to use to close trade or SL

Just my 2 pips opinion. What do you think?

[blizard]

Hi PippinPips. Our original strategy placed the SL all the way back at the last cobfirmed dot which was too far and the Risk to Reward was not very good. The Sar is delayed but it gives us a safe place to place out stop loss while allowing us to still catch some big moves. Im always open to better options.

thanks

[franckyz]

today, on EURUSD and GBPUSD M5, i tested the strategy BB+zz+nonlagMA.
Little TakeProfit : 8 pips
7 Trades : 6 TP / 1 SL

Good results !

[blizard]

The “Bands” let you catch the move at the very top but still you get too many false entries and small losses along the way. In my opinion, trading breakouts and using the SAR to place the SL will give you great entries while limiting your loss.

thanks

[blizard]

If you want to catch the exact tops and bottoms, you must use fib pull backs and extensions. Here are 2 examples from today. I drew fibs upside down to show extensions but they are the 61-76% pull backs and 161% extension. When these points match up with the dots outside the bands, you’re good to go!

thanks

[pepeelpew]

Probably this system together with a trend definition method would work great! Anyone who reaches success with scalping will get rich faster than other ways.

[Greg_Jones]

After much contemplation over the weekend, I truly believe that using just fib pull backs to the 61-76% level with the bands for visual confirmation is the key. You cannot get a lower risk to higher reward setup. No waiting for candles to close. As soon as the price hits the 61-76% level pullback you enter the trade. Your SL is the high price of the candle so it cannot get any tighter. This with breakouts it the system ill be focusing on going forward. Here are the 2 setups on the 1 hour chart chart over the past 2 days. Both perfect, extremely low SL and accurate down to the pip. Since its the 1 hour chart, you can place your order way ahead of time

thanks

Blizard,

I had a nice trade hit tonight using the Fib with entry in the 61% - 76% level. I think this method is the real deal. Are you using the hour charts now? I’m interesting in getting better at using the Fib for entry. Thanks again for hellping

GJ

[blizard]

Thats great to hear Greg, im currently trading the 1 hour using the trend-line break EA and scalping the 5 minutes also. Please do post your setup if possible.

thanks

[barron]

What exactly is the new entry criteria for the new strategy that uses fibs? What bands (and setting) are you using that is on your charts? What are the indicators used, if any? What timeframe are you using for the fibs and entries? I’m confused.

[blizard]

Hi Barron, just connect the last 2 confirmed dots with the FIB tool in MT4. If you see the pull back entering the 61-76% level its usually a strong support level. Drag the FIB retracement tool from the low dot to the high dot on an uptrend. And High dot to low dot on a downtrend.

Here is a trade that just occurred:

[barron]

Hi Barron, just connect the last 2 confirmed dots with the FIB tool in MT4. If you see the pull back entering the 61-76% level its usually a strong support level. Here is a trade that just occured:

Does that chart have the EA on it? What TF are you using the fibs on? Do you use the psar for an exit (TP & SL) using the fib strategy?

Edit: Which session are you trading the fibs strategy?

[blizard]

Hello, im using a trendline break EA that enters a trade once I manually draw the trendlines. The fib pullbacks work on all time frames, i Use them on 1 hr and even 5 minute. I will be using the psar going forward for my SL however, when the price pulls back to the 61-76% it will often go to the 161% extension or even the 261%.

thanks