Scalping Strategy

[MickMason]

Originally Posted by Patrick_Rhodes

Thanks for the laugh.

What is wrong with your logic? Surely if it is safe with a few contracts it must be safe with more? What have you got to lose? If you don't believe in scalping or day trading at all then we really aren't comparing apples to apples. In order to be a target you have to day trade or be a scalper. Talk to me after you have had some of that experience. We will see who laughs then.

Patrick

What's to compare you say brokers target scalpers join s with their competitors to relieve clients of their money I say it doesn't happen.....nothing much to it really. I day trade sometimes I scalp a few pips as well when it's quiet never had any problems. I can't really say scalping is the best strategy but scalping without a stop I can tell you is financial suicide....down the tubes slow but sure.

You trade any way you like friend after all it's your money.

Mick

[gts_jd]

[quote=Tzachi]Atomised

I use adx default setting.
I use 2 proprietary indicators that work with modified cci setting to point the entry points before the breakout.

QUOTE]

Tzachi these 2 proprietary indicators that you mention are they available in Metatrader for instance? In your original post you mentioned you use the CCI ADX MACD on the 1 min chart.

Thanks
gts

[Tzachi]

jts jd

The 2 proprietary indicators are not at MT. I developed them for the last 14 months to call the entry point for short term trade 1-2 bars before the breakout based on price action.

The cci is modified to provide exit points confirmed by ADX action.

Tzachi.

[ernst773]

here's a bunch of cci's. they're different time frames 'cause i reckon that if you want to keep it simple why not confirm the entry with the same indicator a different time frame? so you don't have to switch between time frames you can trade range breakout retracement. will post an expert some time so anybody interested can help calibrate it in real time.

[Tzachi]

I use the CCI for EXIT not entry.

[ernst773]

that's the nice thing about cci. you can use it for early entries as well as exits either extreme or the +-100 level

[Tzachi]

It sure can but I use it for exit only since my 2 proprietary indicators call the entry point with more than 90% accuracy.

Tzachi.

[Falkon]

Anyone using this indicator on VT? I'd appreciate any ideas on how to program it in VT.