Scalping system #6 (EMA Bands)

This looks like it has potential. I am programming it into my system for testing.

But I have a question: How is this scalping? I mean it looks like it could take minutes, hours or even days to complete a trade.

Hi George,

I'm really sorry for leaving your truly interesting comment without attention for so long.
I was hoping other users would join the discussion and review/develop the idea to the next level.

So here it is, I'll highlight the main point in George's comment, since I believe that many readers simply missed it:

"I have noticed that when all , or even most , of the yellow lines squeeze close together on one candle ( any size ) , there is usually an immediate strong move up on a green ( long ) candle or down on a red ( short ) candle . It gets you into a trade earlier."

While I haven't been able to test it yet, I believe there are some interesting ideas to fish out of George's observation.
The quickest one is:
- trying to trade breakouts above and below the candle that has all yellow lines squeezed within its body.

I want to thank George once again for this valuable comment, apologize for not being able to test it properly at this moment, and invite everyone to participate in discussion and research.

Happy trading!

Regards,
Edward

Do we really need all those EMAs? Wouldn't this work just as well: Ema 3 (yellow) Ema 13 (yellow) Ema 21 (green) Ema 36 (green) Ema 55 (red) Maybe those extra EMAs are just for ease of viewing on the chart?

Probably yes, they serve for visual aid. However, I must say that what helps seeing better helps trading better.
Also I've found latest comments about EMAs squeezing on one candle quite interesting. I'm going to experiment with this new idea.

~Volter~

Hi Edward -

Thanks for bringing up my comments on 4-25 , re multiple EMA's , to the forefront again. I hope other users of this site , besides Volter will participate with their comments and observations , and do some testing /experimenting as well .

Edwawd , your first observation about trading breakouts above or below the candle with the squeezed EMA's is a good start. That's the kind of ideas we need to " tighten" the method up and avoid false entries and whipsaws .

Regarda,
George

Dear Edward
What is the best money management in scalping strategies?

Usually I have 5 to 10 trades per day in scalping strategies, in every single operation should I risk 4% of my account? How much should I risk of my account per every single operation? ( if I have as average 5 to 10 operations per every single day.
In general what would be the best money management in scalping strategies?

Regards,
Eduardo

Hello Edward -

Is there some way to integrate some elements of Complex Strategy # 4 to Tenerife ' s multiple EMA 's

method ??

#4 uses MULTIPLE ( 5 ) EMA's as well !

Regards;
George

Hi Eduardo,

I got a similar question recently.
So may be I'll refer you now to this page.
Thank you.

Regards,
Edward