What is your trading strategy ?

Scotty888 posted:
Charts patterns all the way for me. Price action is king. Double top and double bottoms is my preferred strategy

Me too, price is the only way to trade. As you say it is king. I like hourly what about you? Daily is too long and lower than hourly is too many false signal

As a trader and programmer since 15 years ago, I have had the chance to try and code hundreds of strategies. Always trying to make it simple but almost nothing work.
At the last 2 years I come with the idea to make a group of interested traders on Skype to develop one of my EAs who made 184% in 8 days then 420% in just the next 4 dsys but later the profit start going up and down which means we can't rely on it. It was named by Candle-Breakout ea. We are now 24 group members. We are almost one year working on it. The project lead to many ideas and finally we are working on Currency Strengths... It gives great results (some times)... (tp=5 pips... sl=50 pips)...
Here is one of members report..
.
Results for today

First account
Pepperstone demo standard
Strength =0.20
Total trades =111 trades
Winning =107
Loss=4
Profit 2886$
1 lot trades

Second account
Pepperstone demo standard
Strength =0.15
Total trades =133
Winning =128
Loss=5
Profit=3407$
1 lot trades

When you come to the topic of currency strength in trading you will find everything is logical, specially when you see that most of the trades close faster than you used too.
But sometimes you find the market is not going the way you used to it. So, our main work now is to find when to use currency strength the efficient way to finish this project as soon as we can.
I advise to not neglect this topic. It is very profitable if you play it right.

oshaban posted:
As a trader and programmer since 15 years ago, I have had the chance to try and code hundreds of strategies. Always trying to make it simple but almost nothing work.
At the last 2 years I come with the idea to make a group of interested traders on Skype to develop one of my EAs who made 184% in 8 days then 420% in just the next 4 dsys but later the profit start going up and down which means we can't rely on it. It was named by Candle-Breakout ea. We are now 24 group members. We are almost one year working on it. The project lead to many ideas and finally we are working on Currency Strengths... It gives great results (some times)... (tp=5 pips... sl=50 pips)...
Here is one of members report..
.
Results for today

First account
Pepperstone demo standard
Strength =0.20
Total trades =111 trades
Winning =107
Loss=4
Profit 2886$
1 lot trades

Second account
Pepperstone demo standard
Strength =0.15
Total trades =133
Winning =128
Loss=5
Profit=3407$
1 lot trades

When you come to the topic of currency strength in trading you will find everything is logical, specially when you see that most of the trades close faster than you used too.
But sometimes you find the market is not going the way you used to it. So, our main work now is to find when to use currency strength the efficient way to finish this project as soon as we can.
I advise to not neglect this topic. It is very profitable if you play it right.

Sounds interesting.
When market goes against your strength analyses could it be fundamentals [or trump] influence?
How do you solve that in backtets?

togr posted:

oshaban posted:
As a trader and programmer since 15 years ago, I have had the chance to try and code hundreds of strategies. Always trying to make it simple but almost nothing work.
At the last 2 years I come with the idea to make a group of interested traders on Skype to develop one of my EAs who made 184% in 8 days then 420% in just the next 4 dsys but later the profit start going up and down which means we can't rely on it. It was named by Candle-Breakout ea. We are now 24 group members. We are almost one year working on it. The project lead to many ideas and finally we are working on Currency Strengths... It gives great results (some times)... (tp=5 pips... sl=50 pips)...
Here is one of members report..
.
Results for today

First account
Pepperstone demo standard
Strength =0.20
Total trades =111 trades
Winning =107
Loss=4
Profit 2886$
1 lot trades

Second account
Pepperstone demo standard
Strength =0.15
Total trades =133
Winning =128
Loss=5
Profit=3407$
1 lot trades

When you come to the topic of currency strength in trading you will find everything is logical, specially when you see that most of the trades close faster than you used too.
But sometimes you find the market is not going the way you used to it. So, our main work now is to find when to use currency strength the efficient way to finish this project as soon as we can.
I advise to not neglect this topic. It is very profitable if you play it right.

Sounds interesting.
When market goes against your strength analyses could it be fundamentals [or trump] influence?
How do you solve that in backtets?

Just wait to either hit tp or sl!

oshaban posted:

togr posted:

oshaban posted:
As a trader and programmer since 15 years ago, I have had the chance to try and code hundreds of strategies. Always trying to make it simple but almost nothing work.
At the last 2 years I come with the idea to make a group of interested traders on Skype to develop one of my EAs who made 184% in 8 days then 420% in just the next 4 dsys but later the profit start going up and down which means we can't rely on it. It was named by Candle-Breakout ea. We are now 24 group members. We are almost one year working on it. The project lead to many ideas and finally we are working on Currency Strengths... It gives great results (some times)... (tp=5 pips... sl=50 pips)...
Here is one of members report..
.
Results for today

First account
Pepperstone demo standard
Strength =0.20
Total trades =111 trades
Winning =107
Loss=4
Profit 2886$
1 lot trades

Second account
Pepperstone demo standard
Strength =0.15
Total trades =133
Winning =128
Loss=5
Profit=3407$
1 lot trades

When you come to the topic of currency strength in trading you will find everything is logical, specially when you see that most of the trades close faster than you used too.
But sometimes you find the market is not going the way you used to it. So, our main work now is to find when to use currency strength the efficient way to finish this project as soon as we can.
I advise to not neglect this topic. It is very profitable if you play it right.

Sounds interesting.
When market goes against your strength analyses could it be fundamentals [or trump] influence?
How do you solve that in backtets?

Just wait to either hit tp or sl!

any trading results to see?

vontogor, I'm sorry for the delay. I have been sick and also environment around is very tough (electricity and Internet long hours cuts and also bombing around) :(

No trading records yet because everything is still testing and continuous settings and coding changes.
Sure, I will post some as soon as I got more stable results. But this topic is really worth to put an eye on it.

oshaban posted:
vontogor, I'm sorry for the delay. I have been sick and also environment around is very tough (electricity and Internet long hours cuts and also bombing around) :(

No trading records yet because everything is still testing and continuous settings and coding changes.
Sure, I will post some as soon as I got more stable results. But this topic is really worth to put an eye on it.

Bombing around?

togr posted:

oshaban posted:
vontogor, I'm sorry for the delay. I have been sick and also environment around is very tough (electricity and Internet long hours cuts and also bombing around) :(

No trading records yet because everything is still testing and continuous settings and coding changes.
Sure, I will post some as soon as I got more stable results. But this topic is really worth to put an eye on it.

Bombing around?

Yes. I'm living in Libya. Did you hear the news for last few days?
Things now are much better.

oshaban posted:

togr posted:

oshaban posted:
vontogor, I'm sorry for the delay. I have been sick and also environment around is very tough (electricity and Internet long hours cuts and also bombing around) :(

No trading records yet because everything is still testing and continuous settings and coding changes.
Sure, I will post some as soon as I got more stable results. But this topic is really worth to put an eye on it.

Bombing around?

Yes. I'm living in Libya. Did you hear the news for last few days?
Things now are much better.

I hope you and your family remain safe.

Thanks. Yes, we are safe.

From all trading strategies scalping is more profitable that brings profit in a short time. but in spite of a profitable trading policy scalping cannot use in a regulated trading broker practically. So, we the traders who are particularly scalpers have to choose the broker which for all time ensures best trading environment for scalping by providing lowest trading spreads including minimum margin requirements.

What scalping strategy do you use? I tried it but just lost so much money. What is the trick? Even with ECn broker and low spreads I make no money

RampUpToForex posted:
What scalping strategy do you use? I tried it but just lost so much money. What is the trick? Even with ECn broker and low spreads I make no money

Currency strength always in change according to news, supply and demand, and many other factors
Don't go with technical and fundamental analysis religiously and wait the price to hit your target but instead let your robot read the market tick by tick and ride the waves. ....

Trading strategy depends on the instrument and the times. Usually positions trading grid.

Buy low and Sell high.

Seriously.

jamesgwyther posted:
Buy low and Sell high.

Seriously.

same and sticking to my trading strategies.

hahaha. Do you also 'let the trend be your friend' and 'Buy the rumour – sell the fact'

Make sure you have ALL daily, weekly & monthly pivots, supports and resistances levels on ALL your Forex charts.

Scalping is not really easy, you'r supposed to have years of experience and can predict the market with low number of pips and cut your losses extremely short and at some points let the wining trades run!