DEMO - BB SCALP (Genom doblece)

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DEMO - BB SCALP Diskussion

May 21, 2010 at 13:31
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1 Replies
Medlem sedan Oct 10, 2009   8 inlägg
May 21, 2010 at 15:29
This is a variant of the MTF BB System only that there is no averaging down (except in the case of an extreme emergency, for example if one has forgotten to set the proper stops, with a precise exit strategy and rules in this case).

Scalping on 5 minute charts with a multi-timeframe setup (M30 - M5 - M1)

Works in trending, counter-trending and ranging markets.

Presently only tested on AUD/USD, will soon workout the details for other currency pairs as to specific parameters for trailing stops, best BB and SMA settings and possible entries.

R:R expected: from 1:1 upwards.

Some rules and indicators:

Rules:
Fixed trailing stop on entry at 15 pips distance and stops at B/E + 1 as soon as trade is more than 6 pips in the positive.
Only 1 trade open at a time, position size 1,67% of equity.
Only 3 consecutive trades per session (sessi side of the market). Maximum 10 trades per day.
Conservative aim of 1% daily.

Indicators:
Bollinger Bands (20)
SMA 34
SMA 200

Those are the basic indicators, however I also set Ichimoku Kinko Hyo as a visual complimentary aid.

A completely detailed description and manual will soon be available and posted at the Forex Factory forum.
Still here. (shorter version of "Winners never quit and Quitters never win" :) )
Medlem sedan Oct 10, 2009   8 inlägg
May 23, 2010 at 19:30
Account balance has been reset to better reflect the conditions of the managed account.
I will also be testing several currencies on their own to calibrate the individual settings, and both an intraday and longer term versions have been started and will soon be added to the systems.

By now, this test is being run on AUDUSD solely.
Still here. (shorter version of "Winners never quit and Quitters never win" :) )
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