Scalping system #4 (5 pips with GBP/USD)

It is due to volatility.
There's been lots of stuff going in September. It affected the market and everyone in it.

Pier

I can't find the words classify how very informative this site is. I mean i've been into forex for like 3 yrs now, and never found so much information in one place. A million thanks guys keep up the good work, it's highly appreciated.
Peter

Has anybody been having success with this method during the first two weeks of Sept.???

I was making money using this method in August - but cant seem to get it right this month. I have tweaked the system slightly, so I would be curious to find out how others are during. Would let me know if its just the volatility or i've messed the system up!

Thanks in advance,
enoch benjamin

I've just been playing with this using spread bets.
Because I don't have the facility to put an SAR on the MACD, I used a 3 period end point ma on it instead, displaying it with dots and colors for the direction.
When the colors matched with the SAR (so an SAR above price, short, would be colored red and a falling macd ma would be red also) I entered the trade.
Also I've only traded short this afternoon as that seems to be the general trend.
All trades were successful except one where I made a mistake with the one minute chart.
At least you don't get bored and don't have to stay at the screen all day.
I like it!
Thanks for letting us see it.

Yes, we take trades each time both Chart and MACD SAR reverse.
Every trading day would be different, 5-8 trades on average are taken.

Alex

Do you enter this trade every time SAR reverses??? If so, on average how many times a day do you take this trade?

In case a trade appears to be not worth risking for any reason, or a stop is too distant, pass on a trade.
:)

Is it just me or does this method incur a lot of risk for 5 pips? I have been looking at this pair and the SL is a much as 25 pips...

It is FxTrade from Oanda broker.

Regards,
Edward

Hi Edward,
what Chart Software do you use?

Hi Keith,

I was trying to get the same results while running this custom indicator on MT4 trading platform and was unable to make SAR look flat, or wait for it to collapse. It worked fine all the time.
As I see it from your screen shots with collapsed SAR there must be some malfunctioning in the way the SAR is performing. It should never lie flat at the bottom of the trading window.

The solution here would be to ignore collapsed SAR and reload it. Also you may try running it with other broker. See if you get the same results. Hope this helps,

Regards,
Edward

Edward,

sent you an email with the screenshots, and here are the links posted to the website you recommended.

The issue is the changing look when I let the indicator run and then switch away and then back. If this is not clear, please let me know, and I will try to make it more clear.

Thanks for your help on this matter!

Keith

As I see it, you should try the most actively traded currency pair that produces sufficient amount of pips in one move and the lowest spread for it. Those are GBP/USD, any/JPY, AUD/USD, USD/CAD and well, could be EUR/USD during London/NY sessions. Try several ones with lowest spreads (depends on a broker you use).
Trading it on other than 5M TF? Never tried..

Boris

Hey,

Has anybody tried the same set-up with other pairs or with GBP/USD at different times? If anybody did, what were the results?

Regards,
Pasi

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