Using which method/indicators? The profits do look delicious 
You know what i really like about your strategy, it is so great and easy !! Plus very customisable to our personality. Perhaps in a month or so once we have some more experience you should put this strategy forward for the strategy of the month
Hi Sandy,
i’m surprise : your TakeProft is always 1 pip ?
So you trade on M5 and how consider you breakout for enter : 1 pip ? 2 pips after the draw line ?
Thks and sorry for my bad english.
Yes i like scalping, always have since i first came across forex, what i do is if the current dot is blue, i connect the last two blue dots, sometimes the the blue dot appears below the trend line, so not technically breaking it, but i would enter a trade then.
The reason i only go for 1 - 2 pips profit like you have seen is as my entry is quite alot more into the move, so i cannot get the same level of profit as Blizard and the others who get more profit by entering higher up
As i am quite far along the trend, it is still easy to get a few pips. My goal is just to get 20 pips, which i can do with 10 trades + teh 60% spread i get back from each trade.
Also i only trade with the daily trend for each pair which helps me limit my loss if i make an entry mistake as if i do i just getting bigger drawdown until i close in profit rather than a loss, also by trading just between 0900 - 1600 GMT helps me as this is the most active hours for forex trading, but trading the JPY pairs during the asian session should provide good results from my experiments so far, but i can’t trade all hours
This is where Blizard’s EA comes into play
To compensate this i trade more currency pairs, whereas Blizard just does EURUSD and GBPUSD (sorry if im wrong), i watch 10 pairs, which gives me many more trades and makes up for low profit.
At somepoint i will go live with this, but so far i have been trading like this for the last three weeks and it works perfectly for me. But this is my take on Blizard’s strategy and it works for me but you have to be patient as i may spend all day watching charts but only really trading for a few mins.
At some point i do plan to try and trade 20 pairs or even all 29 pairs hotforex do, but first i need to setup some additional monitors and PC’s to help me watch everything properly so im not flicking between screens constantly. But also i wanted to trade 10 pairs to see how this strategy performs on other pairs.
I also aim for low profit as i a newbie forex trader and i want to become consistently profitable which so far has been the last 3 weeks, im not interested in high risk / high reward strategies, im happy with low risk low profit low drawdown
Blizard a thought about your EA, have you considered using ADX, so trades only active when ADX is over 25 ? Might help to ensure trades are only entered when there is a nice trend?
Hi SandyBeach, which co. gives you the spread rebate of 60% and do they just markup the spread by this percentage in your opinion? Have you been with this co. for a while and what is their reputation like? I may consider switching.
thanks
A quick 8 pips in 1-2 minutes, im out its late in the day. In my opinion, if you’re going to scalp, this is the best way to ensure you will get that 1 bar of profit you need, There will always be Resistance or support at the 61-76% at-least enough to get you a few pips.
thanks
Good work Sandy, no losses, thats terrific. The trade above is now up 35 pips, should I have stayed in. Maybe …
Hey Blizard their spreads are quite low and very competitive from what i have seen compared to other brokers excluding the 60% pip rebate. All my testing for your strategy has been done on HotForex and the last week on AAAFX also.
And you do get 60% back, i have live traded with them and it works, not a bad way to get a few extra pips.
Sign up as an affiliate first here:
HotForexThen sign up a live account here:
http://www.hotforex.comI would say these guys are worth looking at as a broker, it was JonnyKangoo who first mentioned hotforex somewhere here on babypips in one of the EA threads and he moved to them due to the low spread and rebate scheme.
Thanks Blizard, im starting to get the hang of trading and your strategy now, so maybe in a week or two i’ll go and give live trading a try again. I know i can go higher and get 5-8 pips per trade, but at the moment i tend to mess up the exit’s so thats why i am just going for 1 pip as my objective.
I’ll probably increase this to two pips and so on until i get to a good balance
Im sure i can get 3 pips out of it. I did start at first going for 0.1 pips as a profit
So i can get higher and hopefully i can bring in profits like yours one day
To be fair small profit is better than small loss 
I find i make mistakes and make losses when i get greedy
Sandy, if you can manage 20 pips a day with trading plus rebates, which from the looks of it you certainly can, you will be one happy trader.:59:
You see my plan
All i need is 10 trades a day, on average 1 pip profit + 1 pip from the rebate, which i know can be done. Thats why im thinking i could easily trade 2% risk, no more than 3 trades at any time and doing what i am doing its low risk, high reward
But the emotional control for a 100 euro account is different to a 1000 euro account, also at the moment i am only trading 0.01 per trade which is 0.01 euro’s. Quite different i trade 20 euros per trade lol.
But i reckon as long as i am careful and i practice plenty i can do it. Also at some point in the new few weeks i will plan to trade all 29 currency pairs hotforex offer or as many as i can just for a day so see how many trades i can do and how stressful it is. 10 pairs at the moment is fine, but i dont know if i can handle more, hence more testing, if i can, great.
I think realistically, from 10 trades i will average aprox 12-13 pips, and the rebates will be aprox 1.2 pips per trade so i should be able to make about 22 - 25 pips on 10 trades. Im just curious how far i can push myself, if i could trade 29 pairs and get 20 trades with the same profit and success rating i am on now, that would be a huge bonus for me.
But say 22 - 25 pips, 20 euro’s a pip that would be aprox 440 - 500 a day on a 1000 euro account. It seems a little too fantastic on paper, and im not quite believing this as statistics always look great on paper but in reality don’t take into account human error, emotional control, bank holidays, internet going down etc.
Plus i wont be jumping to 20 euro’s a pip straight away, thats a long way away !!
But to be fair, you should be able to make this type of profit trading your way (Blizard) since the drawdown is just as low and your going for more trades.
[B]ALSO TO THOSE READING THE ABOVE, DO NOT BASE YOUR TRADES AND RISK ON MY CALCULATIONS, YOU MUST BE VERY CAREFUL TRADING FOREX AND ACCEPT LOSSES WILL OCCUR!!!
DON’T SIMPLY FOLLOW MY EXAMPLE AND WHAT I AM SAYING ABOVE, TRADE YOUR WAY AND WHAT IS BEST FOR YOU.[/B]
Sorry guys had to add the above incase anyone copies my risk and makes big losses
Seriously look at Hot Forex and demo trade them first, i have traded your style manually and have had EA’s of other strategies running nicely, minimum take profit for an EA is 3 pips.
Blizard i was just thinking, i know how markets change and how some strategies that are profitable suddenly no longer work due to things changing which im sure this who global recession knocked a few strategies into the dust !!!
What i mean is since your strategy is very simply and even if we just use the basics of swing ZZ + trend line (forgetting for the moment Fibonacci, pivots, bbands etc), do you think we could use this strategy for the rest of our lives?
I just can’t think of a reason why this would never work as the markets always have to go up and down. Im guessing maybe if there was less movement as in no recession then maybe we would just make less profit, but still this should work.
What do you reckon? Would be nice if i could use this one strategy forever !!!
I agree SandyBeach, i don’t think trend-lines and fib pullbacks and extensions will ever not be apart of any market. Whats your affiliate id for Hotforex, ill list you so you you can get 25% also
I still cant get hold of the strategy. 
Seriously need some guidance. Because it seems like you guys keep updating new strategy. I cant follow all lol.
