3 ducks trading system by captain currency

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Scalping system #18 (Scalping 1 min EU) Submitted by User on June 7, 2011 - 11:41. Submitted by ctlprogrammer. I wrote a scalping strategy for the EU 1 min chart. Expert advisor for GFT dealbook included. First of all for those who don't know. How does this strategy work and how do you use it. How does it work: The strategy goes long when. 1) the low of the current candle is lower than the lower bollingerband (deviation 1) 2) the Fast Stochastics (line D) is lower than 19. 3) if you look back their is a candle with a close at least 5 pips lower than the current candle. The strategy goes short when. 1) the high of the current candle is higher than the upper bollingerband (deviation 1) 2) the Fast Stochastics (line D) is higher than 81. 3) if you look back their is a candle with a close at least 5 pips higher than the current candle. The strategy closes a long when. 1) the high of the candle is above the upper bollingerband (deviation 2!) 2) the open P/L > 8000 X (distance between the upper band and lower band) X number of mini lots. 3) the open P/L is bigger than MaxLoss X number of mini lots. The strategy closes a short when. 1) the low of the candle is beneath the lower bollingerband (deviation 2!) 2) the open P/L > 8000 X (distance between the upper band and lower band) X number of mini lots. 3) the open P/L is bigger than MaxLoss X number of mini lots. How do u use this strategy: /* written by ctlprogrammer for EUR/USD 1 min chart */ /*Warning for demonstration purpose only, no live trading please*/ /*you can freely copy the code but plz leave this header*/ vars currentbar = 1,stoch1min(series),t=0,t1=0,t2=0,longallowed(bool),shortallowed(bool),i(number); if currentbar < check then return; for i:=1 to check do. if close[currentbar-5-i]<(close[currentbar]-0.0005) then longallowed:=true; if longallowed=true then. for i:=1 to check do. if close[currentbar-5-i]>(close[currentbar]+0.0005) then shortallowed:=true; if shortallowed=true then. if short() and low[currentbar]<Bollinger_Bands.line_lower[currentbar] then exitshort(); if long() and high[currentbar]>Bollinger_Bands.line_upper[currentbar] then exitlong(); if fpl()<-8000*minilots*(Bollinger_Bands.line_upper[currentbar]-Bollinger_Bands.line_lower[currentbar]) then. if long() then begin alert("text","fpl BBS"); exitlong(); end; if short() then begin alert("text","fpl BBS"); exitshort(); end; if fpl()<-MaxLoss*minilots then. if long() then begin alert("text","max loss"); exitlong(); end; if short() then begin alert("text","max loss"); exitshort(); end; Hey i have been testing your strategy. Got 7 winning trades in a row so far. I used the default settings. They seem to be ok. I found your email on your blog. I sended you an email. I am going to run more test. Great strat dude. Hi, I have just started learning about FX. I still have a Demo account. Is this an easy strategy to learn? I don't want to jump around getting confused with all the seemingly thousands of strategies, i want to concentrate on one and learn it well. Do you recommend this one? Hi CTLprogrammer - how can i contact you to discuss how to use this strategy? Sounds great, but not sure how to implement it (newbie). Thanks, you can contact me on propertydoctors@xtra.co.nz. Hi, this strategy is ok for learning and starting with FX. If you are beginner i advice to start on a demo account first. Keep your position size small if you go live. Protecting you capital is essential when you are beginner. You can ask any question you want to know here on this page. Or if it has nothing to do with this strategy you can contact me by email: ctlprogrammer@gmail.com. I sometimes use this strategy on a live account when i expect a limited number of trend changes in the day. If their are lots of short time frame trend changes you better put this strategy on a hold. Is it a MQ4 code? I'm getting errors and warnings when I tried to compile it on meta editor. No, this is CTL code for dealbook. Doesn't work on MT4. I AM A COMPLETE NOVICE REGARDING FOREX TRADING. MOST OF THE TERMS USED SOUND GREEK TO ME. PLEASE CAN YOU SEND ME A SIMPLIFIED EDITION? MY EMAIL ADDRESS IS: imagrg@yahoo.com. Please send me a simple copy of it to my email id : balaji_8989@hotmail.com , I am totally a novice trader , and I use only Mt4 platform. Please help me out I am in a search of a new strategy for scalping coz I have blown $2000 dollars in my live account by following signals and due to swing trades. Plz help me out. Again my id is : balaji_8989@hotmail.com. I would be so grateful to you!!Or else recommend me any strategy.. Active traders Poll - share your live experience or read what others have to say. 1 Minute Forex Scalping Strategy With CCI And Slope Indicator. This forex trading strategy is called the 1 Minute Forex Scalping Strategy With CCI And Slope Indicator . It is a really simple forex scalping strategy. How To Setup Your Trading Charts. Here are the indicators you need: Timeframe required: 1 minute. Trading Session: London or US. Currency Pairs to Trade: GBPUSD, EURUSD, USDJPY, GBPJPY, AUDUSD, USDCAD, EURJPY. Buying (Long) Rules. slope direction line is blue price must be above the slope direction line indicator CCI indicator line be greater than +100 place stop loss 2 pips below the rising slope line set your take profit targets at 10-20 pips. Selling (Short) Rules. slope direction line is red price must be below the slope direction line indicator CCI indicator line be >-100 place stop loss 2 pips above the rising slope line set your take profit targets at 10-20 pips. The chart below shows and example of how to take a short trade: Sharing Is Caring! Don’t Forget To Share this 1 Minute Forex Scalping Strategy With CCI And Slope Indicator with your friends. 2 Responses. the current default settings are set at 10 which means the slope line pretty much hugs the price. If you think that is too close increase them to 14 or 20 etc. what are the settings for slope indicator? thanks. 1 min forex trading strategies. Free live binary options charts. Metatrader forex signal 30 pips daily. Hi FXfisherman traders, I am a newbie forex trader. During a long time for learning forex trading, i want to share my result with everybody now. Trading system disadvantages. We use cookies, internal and external, to improve your experience by offering content related to your preferences. By continuing to browse you are agreeing to our cookies policy. Having studied Units A and B you should be familiarized with the Forex market to the extend that you know who participate in it, the reasons why participants chose this market and how disadvantages can emulate them. How do options work etrade. Trading put and work options. People trade stock options for myriad reasons. Often times, it is purely for speculative reasons. For example, if you believe that the Swine Flu pandemic is going to become particularly troublesome and a stock with a vested interest in supplying vaccines in large quantities would stand to benefit from such a scenario, then perhaps you purchase an out of the money call option on Novavax. Usd cad forexpros. Do Themes of Yen Weakness, Dollar Strength Have Continuation Potential. Dollar to Focus on Fed Speakers, Euro Needs a Push. Extreme in Euro Speculative Longs Grows, Crude Oil Specs Hit Bids. Code 2 trading system. Using ONLY C O L O R to trade with, trading is now fun and easy. A Suite of Indicators that confirm each other and keep you out of a flat market The Easy Forex Color Coded Trend System. The Easy Forex Color Coded Trend Trading Manual System is an innovative way of being able to pull pips from your trading account without trading hours in front of your pc. 1 Min Scalping Strategy Exposed. The Argument About 1 Min Scalping Strategy. You don’t wish to create your target if you can prevent it. But this doesn’t indicate that this type of strategy does not exist. Some time driven strategy compares multiple timeframe to find out the short-term trend and long-term trend. This scalping strategy is an excellent starting point for new traders since it’s simple to employ and can cause fantastic success. There are a couple unique sorts of Forex scalping strategies which you are able to utilize. There are a number of strategies that someone have to be aware of in the foreign exchange market. You may believe that a minute isn’t a while to hold a position but a lot can fail in a moment. Normally, whatever is less then 12 hours are thought to be short term. Well, there are a significant lot to select from nowadays. one day and one week are too long. In addition, there are times whenever the market becomes quite hard to scalp because of high volatility. Here are a few of the most significant things you have to have or have to know so as to earn a profit with theone minutescalping strategy. There are a couple things which you should keep in mind, and a couple of things that you will need at your disposal, as a way to be successful with this specific Forex trading strategy. By purchasing and selling many currencies at one time, the individual may get a huge sum of money though the profit from every currency may not be high. To buy and sell stocks he can make use of scalper expert advisor. He can buy and sell a stock within a minute. To assure profit he must apply different strategies according to the situations. Forex scalping is a significant method to create a profit, but you do have to be conscious of something. As we said it before, scalping might be a very good method to create some quick money, particularly if you don’t have an excessive amount of time to spend before your PC for a trader. While scalping in FX might be a rather effective strategy, there’s a little catch. So it’s important that a scalper ought to be extremely careful along with knowledgeable to be able to actually succeed in the forex scalping system. A forex scalper looks to earn a lot of trades and make a little p.. All trades have to only last for a single minute. Therefore it logically follows that in the event the trade you have just opened will shed money then you ought to get out of it as quickly as you’re able to! These are short one minute trades, meaning that you must concentrate hard. Basically it’s a very challenging means of trading and quite a hard skill to master. This kind of trading is also more time consuming, therefore it is better for the ones that can dedicate a fixed amount of time each and daily to trading online. There is truly just one approach to be successful in forex trading which is to make your trading robotic. There are not any fancy fx trading secrets that I need to share. Intraday trading could be a simple approach to make money. Sure, there are a lot of different ways that you can profit within this market (some more glamourous than others), but should you attempt to do too many things, you are going to get hurt. As you don’t know of everything that’s going on in the market you’re exposing yourself to factors over which don’t have any control or even knowledge. Related Posts. Short Term Scalping Strategy Reviews & Tips. The Quintessential Guide to Heiken Ashi Scalping Strategy. Details of Best Scalping Strategy Indicator. The Fundamentals of Reversal Trading Strategy Revealed. A Deadly Mistake Uncovered on Forex Gbp Usd Trading Strategy and How to Avoid It.