Recent content by chamane

True. I personally backtest any system before trading with it, wich is more relevant if they come from those sites.

You seem to know much better than I do. I have a version of the indicator, but I am not able to confirm your statement about it. I found it on this site: http://www.forexstrategiesresources.com/scalping-system-iv/452-pet-d-scalping-system/ Chamane

I'm a bit late, but I wanted let know that the the PET-D indicator is roughly similar to a 8 EMA. I haven't used it but I intend to do so as I am studying many of Steve Primo's strategies.:smart:

Thanks for replying. So I guess the safe side is to stick to 1 trade after the cross of ema in 5 min chart with that many pairs available, there is plenty of opportunities. Would you say the system can be traded on higher timeframes? Thanks

Hi, Once we get in a trade and reach our profit level so we get out, can we enter again after across of R/S if the ducks are still lined up? Also, can this sytem be traded on higher timeframes like 1h-daily-weekly? Again entering at the cross of R/S when ducks lined up looks pretty good most...

My objective is to use a system I will be comfortable with and that will generate between 30 to 50 ips a day if this is possible. I have a small capital so I am looking for a good system on lower timeframes. This one looks interesting to me when I look at past data. But I am not sure I would be...

Thanks. There seems to be a nice win/loss ratio. Sometimes price doesn't reach the opposite band after crossing the middle line of BB. Maybe closing half the trade after crossing the line and the other half at the other band with breakeven at the line would be good. An EA would certainly help...

Thanks to everyone for your answers. I understand that price should not follow normal distribution patterns since it doesn't follow a random process. But when you look at charts like the one I posted, price seems to follow some kind of "rubber band" type of pattern, i.e. get back to the average...

Hi, I found a Scalping technique called "5-min Standard Deviation Scalp" (pattern #5 in the document enclosed). I would like to know if anybody has tried this technique. Briefly, on a 5 min chart, you apply a 10 bar moving average and bands 1 std dev on each side. I am using Bollinger Band...

Psychological lines Hi, Wanted to share my results. I trade low spread pairs. At the start of every hour, I place a buy stop and a sell stop order for every pair at the nearest psychological lines (00, 25, 50, 75) each side of the price. When a line is triggered, I am aiming 5 pips and close...

Hi, I've been looking for some information on a particular multiple timeframe technique. I don't know if anybody has ever tried it, but I just want to make sure there isn't any major problem using it. The setup is three timeframes like daily, 4 hr and 30 min (other combos like 15 min, 1hr, 4hr...