Scalping

ND

Can you point me to the TDI indicator as well as the one on the price chart. Many thanks.

TDI indicator is attached,
I opened this indicator in MetaEditor and it is written the following:

• idea: ForexMagazin #58
• coder: Rosh

Trend scalp
- Trend scalp indicator is on this post.
- Trend scalp_v1 indicator is on this post. This is MTF version with ability to plot the color levels

Trend Scalp Hacolt trading system is on this post.

Scalping thread is here.
The Definitive Guide to Scalping thread is here.

What Awaits a Scalper?

Scalping revolves around the concept that the majority of forex patterns are rather predictable; they often stay in a similar zone during the initial stage. Regardless whether the streak will continue, a scalper plans to exit a trade after a brief time. The strategy, therefore, is best for short-term traders. You can say that it is also for realistic traders who are not interested in watching the unpredictable fate of trades.

On that note, scalping is a strategy that a number of newbie and experienced traders prefer to use. It follows the idea of taking the upper hand when it comes to using leverage, along with the ability to make multiple short-term trades. If a trader were to make thousands of trades daily, for instance, he would be earning thousands of points daily, too.

A Roster of Advantages

A primary advantage of scalping is that it is an effective trading strategy even for a newbie trader. The technique is simply to enter trades at the beginning, then, set exit points not long after. Granted the subject knows the first thing about making a trade, he can profit.

Other advantages of scalping:

• The risk of a loss is minimal, since a trader will not maintain a position and will instead exit a trade prior to letting his loss go beyond 1%
• The trading strategy does not need frequent monitoring; once you make a trade, minutes or even seconds is all it takes for you to pay attention to the market
• The winning probability is high since forex patterns are foreseeable early on, and the overall profit, therefore, is also high

The Drawback

Scalping, however, is not for all traders. For the most effective results, you must be willing to invest time, energy, and of course, funds. Familiarity with the structure of the forex market can also be useful since you will be monitoring trades simultaneously. Only if you have the resources to make at least hundreds of trades daily, the trading strategy seems ideal.


the source

Scalping strategy is rather attractive for traders. Majority of new-comers use it all the time! But it's a good idea to remember that not every broker allows scalping. For example, Instaforex always cancels the deals if they are scalp-type.

This is interesting indicator found for MT5 which can use used for the scalping: iCCI_NRCandle - indicator for MetaTrader 5.

How to install

• Download 3 files from the link above (smoothalgorithms.mqh, icci_nr.mq5 and icci_nrcandle.mq5).
• Place smoothalgorithms.mqh file in \MQL5\Include\ folder.
• Place icci_nr.mq5 and icci_nrcandle.mq5 to \MQL5\Indicators\ folder, compile those 2 indicators or re-start MT5.
• Open your chart, and attach icci_nrcandle indicator to the chart.

This indicator can be used as a scalping indicator:

• if blue bar in separate window is crossing zero level to above - buy signal; exit is 100 level crossing;
• if red bar in separate window is crossing zero level to below - sell signal; exit is -100 level crossing.

This is Uni Absolute Scalping trading system as the scalping idea using two indicators from the premium section:

UniTrendEnvelopes_v1 600+ indicator is on this post. The indicator is having full set of the Heiken Ashi prices.
and
UniAbsoluteStrength_v2.8 on chart indicator is on this post. This is fixed and updated indicator.

Very interesting scalping EA: Angry Bird (Scalping) - expert for MetaTrader 4

Some people say that this EA looks like 'modified Ilan1.6' in trading but with more secure feature concerning deposit and so on having the following:

• MaxTrades parameter (how many simultanious trades can be opened),
• LotExponent: this is lot multiplier for martingale (I prefer 1.4 instead of default 2.0 for example),
• TakeProfit in points (in case of 5 digit price which as 1.09635 so TakeProfit = 20 is 2 pips),
• UseEquityStop parameter to stop trading with TotalEquityRisk (TotalEquityRisk = 20 by default),
• UseTimeOut: close all the trades after MaxTradeOpenHours (I prefer to use UseTimeOut - I mean: EA will close all the trades after MaxTradeOpenHours = 5 hours).

This is the description from the author:

It is EA with features that are very sensitive to movement is equipped with other features including:

• Equity stop;
• Tralling Stop;
• Equity Risk Management;
• Time Out Use;
• Max Trade open Hours and others.

Rule: Use Pair With Minimal spreads, one I use EUR / USD With Time Frame 1 Minute.

This is backtesting for 4 days with minimum risk with settings:

Originally Posted by newdigital

Very interesting scalping EA: Angry Bird (Scalping) - expert for MetaTrader 4

Some people say that this EA looks like 'modified Ilan1.6' in trading but with more secure feature concerning deposit and so on having the following:

• MaxTrades parameter (how many simultanious trades can be opened),
• LotExponent: this is lot multiplier for martingale (I prefer 1.4 instead of default 2.0 for example),
• TakeProfit in points (in case of 5 digit price which as 1.09635 so TakeProfit = 20 is 2 pips),
• UseEquityStop parameter to stop trading with TotalEquityRisk (TotalEquityRisk = 20 by default),
• UseTimeOut: close all the trades after MaxTradeOpenHours (I prefer to use UseTimeOut - I mean: EA will close all the trades after MaxTradeOpenHours = 5 hours).

Please find EAs (two EAs) for EURUSD and USDCHF:

- angrybird_xscalpingn_usdchf EA for USDCHF M1 timeframe default settings (attached);
- angrybird_xscalpingn_eurusd EA for EURUSD M1 timeframe default settings (attached).

And I traded by this EA (EURUSD and USDCHF) for whole the day till morning today:

Premium section story: TickScalper EA

This week:

- EURUSD : 26 pips, or 2.60 dollars
- USDCHF : 29 pips, or 6.53 dollars