My Scalping Trade

remote computer. you can rent one in a vps service provider. You can get one free at amazon

 

I think if we need vps hence must spending money for cost to hire vps, if there are free vps maybe we need to do something
if likely get free vps I will trying robot on firewoodfx which now included growth to become popular broker

 

look at the results for today thats why we are saying risk reward play an important role and in currency strength strategy a sudden U turn can change everything.
for example if currency strength in range 0.35 to 0.45 no one can guarantte that it will be in our favour it could turn drastically,
today EUR was going very strong and its all pairs moving well but a sudden reversal cause every profit to zero.

we have to revise this strategy little bit

 

Hi Lia

With all due respect to you and your experience. Any system with a RR ratio of 10 to 1 or 5 to 1 is going to kill you in the end. Not only the account but also mentally. Its difficult to stomach one trade taking away all the gains of several trades. Professional trend followers do the exact reverse, namely lots of small losses to get one big win. I know someone who traded currency strength for 6 months made a packet (200% +) and lost it all in the 3 extreme volatile days trading a RR of 5 to 1. The only way to trade this would be to change the RR ratio or even better reverse it. I am sure you know that but I thought I would mention it just in case. Good luck

 

Zoog, you are absolutly right! I´m a statistical analyst in sports trading markets and i do beleave from a stats point of view that the ideal racio in forex trading is 1:>1. A 5:1 fixed racio is terrible! The way i coded the bot for this strategy was to call break even as soon as position is in profit and trail it without predefined TP. Lets see how it works..

 

Trailing..

 

Free VPS are mostly limited, compared to paid services.Data centre, Speed and size also are very important to achieve optimal performance.

 

Bot didnt trade all day as i forgot to activate it. This are late day trades.. I have now SL=10 (not 50) and trailling activated. Bot only takes trades 1x/hour on same pair.. We will see next days. S/R Filter 80% implemented.

 

I wish you all the best with your strategy. If I may make one comment; the problem with a SL of 10 and a sliding stop is that you do not leave the currency pair room to move especially trading 1hour. The problem with many systems is that they get the entry correct and then the stop takes them out before the pair moves in the desired direction. Trading is bloody hard. There is no easy answer. If there were I would be writing this from my yacht in the Caribbean. By all means test it but I think you will have to make the stop bigger. All the best

 

Thanks for your sugestion. This is a work in progress for all, so we will optimize it along the way. I´ll be sharing what is working and what is not so we can all improve this strategy.

 

Anyone got profits today? Without my tight SL it would be a bad day.. so not bad. There will be days of high speed where we will make profits.. So far so good.

 

See the importance of tight stop? Notice where i exited and where the market went..

 

If we go out for surfing and we dont get a good wave, i think we might just leave as soon as possible. A good wave will come anyway.

 

I´m getting a lot of AUD trades that werent supposed to as they are happening at Resistance level. Will have to review bot code..

 

Hi All. I am going to contribute to this thread. Strategy is working itself. Topic starter's main idea was to get 5-10 pips a day. With such a target it is less likely you get stopped.
What i normally do , I just open another position instead of SL, If position opened with 0.1 lot, i open 0.5 after 50 pips. Risky, but works for me.

 

share it mate

 

Hemmy, there is not much i can share. Just general idea on how to avoid these stops. I always prefer to add positions rather than just take SL.

 

Avoid S/R Zone. I managed to filter those zones eficiently but still not profitable.

 

how we can make profit without hitting sl??

 

guyz this is great strategy as i made some experiments BUT the risk to reward ratio is so so bad, lets try same strategy with good risk to reward ratio
when ever u take trade with this heat map just put yout stoploss 20 pips and takeprofit 40 pips on all trades on all pairs just do that atleast with 50 trades and u will see the good results for sure.......