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Scalping system #6-a (Trend Trades)

The popular EMA Bands/Guppy EMA strategy which you all know about has got a happy continuation.

Let me introduce "Trend Trades" by Walter, who has done some great job with moving averages and came up with a system that uses Variable Moving Average (VMA) in its core.


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Follow: www.traderslaboratory.com

Cheers,
Alex

Hi,

This is one of the most well-explained strategies I have seen. I thank you for all your time and diligence. I am going through the PDFs in detail for my second read and hope to offer some feedback upon my conclusion.

What is your average TP per trade?

Thx,

Scott

As much as trend gives you. Ideally you'll be using "scalpers exit" to bank at least half of your position, while the remaining part can be left till the time when black line crosses green.

Cheers,
Alex

I created a membership at traders laboratory and once accepted did a forum search for thread '2440'. Up it came. I found additional threads as well. There is A LOT of content!

I am anxious to learn more about this concept. Of special interest is that it is not using lagging indicators, but rather focusing on the price action at hand and interpreting it 'on-the-fly', so to speak.

At least, that's my take on it.

Off to do some more reading...

Scott

Hi,

This looks great in theory and am eager to try it out. I have managed to upload the template as well as the indicator but I cannot find how to set-up the rainbow itself. Would anyone be able to help me out here?

Many thanks,

Sylvain

STILL WORKING ON THE PDF'S . . . . IT'S KINDA LIKE LISTENING TO BERNAKE OR GREENSPAN AND HAVING TO READ BETWEEN THE LINES. I DON'T UNDERSTAND WALTER'S PROFIT TARGETS BUT STILL LOOKS GOOD.

I THOUGHT OF RAINBOWS AS GOOF BUT NOW I UNDERSTAND WHY IT'S USED.

THANKS WALTER.

GRANT

Hi, My name is Sylvain and I have discovered that website recently. It looks pretty rich in terms of content. Congrats to the people responsible for it. I have started to try out this method. The PDF material is good. I have a few questions though in relation to this trade. 1- Has this trade better chance of success in certain markets than other? I guess given the London & NY seem to be making more sense than the Asian market given its choppy character, but has anyone tried it successfully during the Asian market and if yes with what pairs EURJPY? GPJPY? AUDUSD? 2- The author of the material puts a lot of emphasis on money management. Do you have any idea as to what % of winning trade we are looking at here? For what average TP (assuming traders exit) and what average SL? Regards, Sylvain

Hi Sylvain,

London + NY trading hours are certainly the winners.
Trading pairs: EURUSD, USDJPY, GBPUSD; GBPJPY - only if you know the risks and can cope with volatility and cover the spread. Other pairs can be traded too. It is a matter of preference and experience with any trading pair.

I would assume that for 1M entries and exits the profit target, say for EURUSD will normally be around 12-18 pips in one average move. If to take trades on 5M TF, then you'll expect 18 to 38 pips on average, depending of course also where do you enter, or better to day how soon you spot the opportunity and react to it.

The strategy allows traders to take whatever market gives and exit as soon as the opportunity ends, that's why there is no suggestions about fixed profit targets.

Stops - I saw no significant info on stops in presentation. Fixed stops may not work, for a simple solution I'd turn to Parabolic SAR indicator (trail stops with each PSAR dot).

Cheers,
Alex