Simple Scalping Strategy

ChicagoFX

ChicagoFX

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Hey all - first post. Wanted to get opinions on a strategy I've been trying out for the past week or so. So far it seems to give a good 85% profitable signals. Was hoping any users here could see any pitfalls in using the strategy that I should watch out for before switching to a live account

The strategy uses what looks like a couple custom indicators and uses a moving average, laguerre and a "TLOMI" indicator (any idea what that stands for?)

The template and indicators can be downloaded here: Forex Forex Scalping Strategy | Forex Forex
 
ChicagoFX said:
Hey all - first post. Wanted to get opinions on a strategy I've been trying out for the past week or so. So far it seems to give a good 85% profitable signals. Was hoping any users here could see any pitfalls in using the strategy that I should watch out for before switching to a live account

The strategy uses what looks like a couple custom indicators and uses a moving average, laguerre and a "TLOMI" indicator (any idea what that stands for?)

The template and indicators can be downloaded here: Forex Forex Scalping Strategy | Forex Forex
Click to expand...

85% profitable for how many pips and with what stop,thanks
 
Lord Flasheart said:
85% profitable for how many pips and with what stop,thanks
Click to expand...

Typically I've been entering TPs around 7 pips, s/l 15 pips. Which I suppose could be somewhat tight but I've managed to find a broker averaging around 1 pip spread on EURUSD allowing the strategy to still be somewhat successful on a demo so far.
 
even with a two pip spread,the figures look ok if genuine.might be slightly different when real moneys involved. Id love to have a simple method that made me 10 pips a day everyday.Thats all I want. How many signals a day does it throw up? Youd need more than a couple of weeks demo before going live. When you did the demo,did you stick exactly to the rules of +7 and -15?
 
Last edited:
Lord Flasheart said:
even with a two pip spread,the figures look ok if genuine.might be slightly different when real moneys involved. Id love to have a simple method that made me 10 pips a day everyday.Thats all I want. How many signals a day does it throw up? Youd need more than a couple of weeks demo before going live. When you did the demo,did you stick exactly to the rules of +7 and -15?
Click to expand...

you seem to be doing ok for yourself matey, are you looking for another system
 
Actually yeah- if anyone has improvements to the strategy do let me know what you find to work better. I've noticed avoiding news is (obviously) more profitable. If it proves to continually be profitable I'll take the time to sit down and code it up as an EA.
 
ChicagoFX said:
Actually yeah- if anyone has improvements to the strategy do let me know what you find to work better. I've noticed avoiding news is (obviously) more profitable. If it proves to continually be profitable I'll take the time to sit down and code it up as an EA.
Click to expand...

I think youd be better of asking the question on Forex Factory, that site is more geared up for that sort of thing. i purely use the naked eye. Good luck
 
ChicagoFX said:
Hey all - first post. Wanted to get opinions on a strategy I've been trying out for the past week or so. So far it seems to give a good 85% profitable signals. Was hoping any users here could see any pitfalls in using the strategy that I should watch out for before switching to a live account

The strategy uses what looks like a couple custom indicators and uses a moving average, laguerre and a "TLOMI" indicator (any idea what that stands for?)

The template and indicators can be downloaded here: Forex Forex Scalping Strategy | Forex Forex
Click to expand...

Is this YOUR site?
This strategy was just posted there 3 days ago and the site was registered only 5 days ago.
Nevertheless, I'll take a quick look at the strategy.

Peter
 
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