Hi guys:
I have been playing around with an indicator utilizing some of my father's (passed on when he was 95) indicators. He traded commodities for himself since 1946 when he started hedging zinc and silver after the war for his tool and die business.
I wanted to post this since I am having trouble turning this into a usable strategy but for a "scalp" program it looks pretty good. I am looking at ER2 3M but on most charts it seems to be OK.
I am wondering if anyone else wants to look at this and see if they can make sense of it. I am working on another set right now so out of time.
If this works as a community development project, I have over 80 more to go . I am sure some of these will not work, but who knows.
I have used Michal's countif code to indicate tops and bottoms of the sine wave, so credit Michal for that part of the code.
Enjoy.
Now if I can figure out how to attache the ELD
JPT MOM indicator
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JPT MOM indicator
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I guess I would say it was worth the risk. What is the margin on Forex. How many $ does it take to trade 10 lots?
Also Michal, one of the things on that indicator that I have been looking at is a upper and lower band. Ignore the oversold and overbought within that range. Only trade the large swings. Just a thought.
Also Michal, one of the things on that indicator that I have been looking at is a upper and lower band. Ignore the oversold and overbought within that range. Only trade the large swings. Just a thought.
- michal.kreslik
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Jim, the margin starts from 0.25% in Forex, which is 1:400 leverage.
So you only need a $2500 collateral to trade 10 lots ($1 million). Of course, I would not advise anyone to employ 1:400 leverage. Personally, I am using 1:100 to 1:200.
Which is still way better than any stock or futures trader might ever imagine
I am a scalper, so I will focus on pure momentum.
So you only need a $2500 collateral to trade 10 lots ($1 million). Of course, I would not advise anyone to employ 1:400 leverage. Personally, I am using 1:100 to 1:200.
Which is still way better than any stock or futures trader might ever imagine
I am a scalper, so I will focus on pure momentum.
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Michal:
Thanks. I just looked at the EURUSD at 30 minutes. With the indicator moving from > 140 to < -140 sure looks like you could have some great scalp trades. I don't think you can trade it always in. Just when you get the high peak and it moves down then look to get out when it turns over again. I guess I am going to have to get a FOREX account somewhere.
It trades 24 hours per day doesn't it?
Oh, I changed the inputs for the before and after count to 5 and 1 respectively. Seems to get the tops and bottoms pretty well.
It is pretty late for you isn't it?
Thanks. I just looked at the EURUSD at 30 minutes. With the indicator moving from > 140 to < -140 sure looks like you could have some great scalp trades. I don't think you can trade it always in. Just when you get the high peak and it moves down then look to get out when it turns over again. I guess I am going to have to get a FOREX account somewhere.
It trades 24 hours per day doesn't it?
Oh, I changed the inputs for the before and after count to 5 and 1 respectively. Seems to get the tops and bottoms pretty well.
It is pretty late for you isn't it?
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