Ive been trading this for the last three months.
market - ftse
charts. fxcm mt4 and IGmarkets advanced charts.
tf - one minute
when the market is bouncing in a small range trade the gaps on mt4 for one pip scalps only. a 10pip s/l will suffice as a catastrophic loss control. it will be rarely hit.
Before you start bombarding me with RvR of I know that already.
But so long as you trade this when the market is ranging and you have checked for any uk related news not coming out, then you can easily pick off 10pips.
IF you see a gap on fxcms mt4 you need to confirm it on igmarkets advanced chart. It must be a minimum of of a point on that chart too.
open a demo with fxcm, set the dealing window trading settings to 'single click' and limit of 1 (one). when price goes two pips away from a gap trade it. never trade for the gap to be closed. only to the edge of the gap. Often price will only come to the edge then bounce off.
This will make you money. i use it every day. from 10am-noon UKtime .
dont get greedy. 10pips a day is 50 a week and thats a month. trading at a tenner a point gives you £2k/month. small bites at the cherry.
Have funFoxy
Could you point me to somewhere to get more information on how to trade this system
Cheers
Dave
Scalper signals
Scalper signals
Forex turbo scalper
"Super scalper" version 5 superscalpermq4
Hi Poster,
Unable to get the indicator to work - is there anything known that would stop it going on-chart as per your illustration.
Thanks
TEAMTRADER
This would be a very solid, very safe, very SIMPLE 1m scalping system for those with the patience to scalp.
It ensures that you are scalping with the trend
The template is BHCS - which means :-
1. Background colour is first signal
2. HMA colours are second signal
3. CCI direction is third signal
4. Stochatics being overbought or oversold at the time of these signals is a BLOCK on the trade.
In the illustration the chart background is a sell, the HMA's are a sell but CCI signals a buy and stochastics signals oversold = no trade.
Indicators attached but can't attach the template as it is 'too large' according to the uploader at mb?
TEAMTRADER
PS - if interested please PM me with your email addres so I can send it via email.
Unable to get the indicator to work - is there anything known that would stop it going on-chart as per your illustration.
Thanks
TEAMTRADERI am using this and it works : superscalpermq4
Hello! My most interesting indicator =) Vertex - tool's 15 /
vertex_alerts_nmc_mq4
The Forex Power Indicator is designed to help forex traders save time and boost profits by instantly identifying current trends and potential trade opportunities.
It identifies the relative strength of the major currencies based on monthly, weekly, daily, 4-hour, 1-hour, and minute time frames. This relative currency strength is determined based on a highly-developed formula that weights the historical relationships that exist between the various currencies. These relative currency strengths are then used to identify the Top 5 currency pairs that are showing the highest potential for trade.
Just click the required timeframe at the top of the Indicator – either Monthly, Weekly, Daily, 4-hour, 1-hour, or 15 minute – and you’ll instantly receive two updated graphs that form the basis of this tool.
The graph on the left shows the current strength or weakness of each of the 8 main currencies – based on the detailed assessment formula we have developed. The graph on the right shows you the top 5 pairs, from all the combinations of pairs that involve the major currencies, that have been identified as having the most potential for trade. We also have training for the ADX Indicator.
The identified pair, and whether it’s a potential buy or sell, is indicated along the bottom of the graph. The actual graphs show the direction and relative strength of each currency in the recommended pair.
The numbers on the Y-axis of each chart represent average pips movement. For instance, if you’re looking at the minute chart and the ‘USD’ bar is at level ‘5’ on the ‘Forex Power’ chart, it means it has moved a weighted average of 5 pips against the other 7 major currencies.
Similarly, if the ‘EUR’ bar is at level , then it means the Euro has moved down a weighted average of pips against the other 7 major currencies. If the USD has moved up, and the EUR has moved down, then entering a Sell position on the EUR/USD will most likely be recommended in the ‘Top 5 pairs’ graph on the right.
This tool is not intended to be a complete solution for identifying trades. However, it is valuable as a way of identifying currency movements and determining potential trades for further analysis. We also have training for Average True Range Indicator.
If you want to see ALL of our tips, tricks, and training on exactly how we trade with the Forex Power Indicator tool please go here and get our exact strategy. It comes in a PDF so you will be able to save it and read it any time! Or just click the image below.
Used the right way, it will save you a lot of time and should work as a great addition to your current trade assessment processes.
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