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    CommuniTraders - Binary Options Forum and Social Trading Platform

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    arieljuwo
    trading

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    CommuniTraders - Binary Options Forum and Social Trading Platform

    Uploaded by

    arieljuwo
    307 views7 pages
    trading

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    CommuniTraders _ Binary Options Forum and Social Trading Platform

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    trading

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    307 views7 pages

    CommuniTraders - Binary Options Forum and Social Trading Platform

    Uploaded by

    arieljuwo
    trading

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 7

    Jram: settings and strategy for 5 min scalper trading...

    Thread: Jram: settings and strategy for 5 min scalper trading...

    You will have to register before you can post: click Join to become part of our community
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    New: CommuniTraders-Live Skype Group! Where we discuss and learn from the best. In the
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    YouTube channel! Watch them analyze the charts and ask questions.

    Tags: None
    1

    JRAM said:
    03-04-201412:37 AM

    Jram: settings and strategy for 5 min scalper trading...


    This will be in two parts...
    The first how I setup my charts and the studies (signals) I use and how to set them up.
    Later in the week I'll upload my basic strategy.
    DISCLAIMER: This is how I trade. It has taken a LONGGGG time to get it right and the
    only way to learn it is like any other strategy, you have to watch, study, take good notes
    and paper trade. Trade it for 3 months demo before going live. This is not an automatic
    miracle method (if you have one let me know . It is a good system and my winning
    percentage is very profitable.
    Jram trading method:
    This a "scalper" method.

    Charts:
    I use ThinkOrSwim. This is the chart service provided by TD Ameritrade if you have an
    account with them. It's a $50 minimum to open an account which gives you access to
    the ThinkOrSwim charts (sometimes called "tos). It is robust and comes pre-loaded with
    tons of tools pre-programmed for you. You pick which ones you like, you can edit them

    tons of tools pre-programmed for you. You pick which ones you like, you can edit them
    or you can program your own.
    My Chart setup:
    The quotes show what the TOS language is so you can be sure to have it right.
    Simple Moving Average (SMA) 8 day
    "SimpleMovingAvg (CLOSE,8,0)"
    Simple Moving Average (SMA) 20 day
    "SimpleMovingAvg (CLOSE,20,0)"
    Simple Moving Average (SMA) 30 day
    "SimpleMovingAvg (CLOSE,30,0)"
    BollingerBands
    "BollingerBandsSMA (CLOSE,0,20,-2.0,2.0)"

    Next I use two simple studies and have them setup to that they provide up and down
    arrows as signals. Once you have added on the study you must edit it so the values are
    correct >>
    The first is:
    "BollingerBandsCrossover(20,2.2, lower, above)"
    Double click the study and a settings box will appear.
    Input these values:
    length: 20
    std deviation: 2.2
    band: lower
    crossing type: above
    You can then choose a color of the signal (arrow), for this signal I use white.
    This sets up the signal for one direction.
    The next is:
    "BollingerBandsCrossover(20,2.2, upper, below)"
    Double click the study and a settings box will appear.
    Input these values:

    length: 20
    std deviation: 2.2
    band: upper
    crossing type: below
    You can then choose a color of the signal (arrow), for this signal I use white.

    Next I use a Stochastic study:


    "StochasticCrossover (8, StochasticSlow, Overbought)"
    Double click the study and a settings box will appear.
    Input these values:
    k period: 8
    stochastic mode: StochasticSlow
    crossing type: Overbought
    Next, choose a color, I use yellow.
    This sets up the signal for one direction.
    The next is:
    "StochasticCrossover (8, StochasticSlow, Oversold)"
    Double click the study and a settings box will appear.
    Input these values:
    k period: 8
    stochastic mode: StochasticSlow
    crossing type: Oversold
    Next, choose a color, I use yellow.

    OK, that is all there is to it. This produces white and yellow indicator arrows on a
    candlestick chart. You can use it on any candlestick chart. Being a scalper who does lots
    of 5 min trades my setup is on 1 min charts.
    I trade the yens, eur/usd, gbp/usd, eur/gbp, usd/chf, aud/usd, gold, oil and sometimes
    others.

    Before I go into the actual strategy (which will take some time to get typed up and
    explained correctly and hopefully with clarity) use the setup and watch the signals. You
    need to watch them live as they sometimes appear and dissappear so you need to get
    an idea of how you can use them to find entry points.
    The yellow arrows are very good for reversal trades of 5 min. BUT, DO NOT TRADE
    them until I get my strategy uploaded. Please, I don't want anyone losing anything. YOU
    have been WARNED.
    I only trade this strategy at certain times of the day (low volume times) and only when
    the major currencies are flat (dollar and the yen). It's very low stress.
    I will try to get my strategy down and uploaded soon.
    Please let me know if you have any questions or comments. Would love to hear from
    anyone who trades with a similar setup to exchange ideas and observations.
    Jram

    beset said:
    03-04-201401:45 AM
    I would like to try your strategy out but since you use ThinkorSwim(TOS) which is ran by
    Ameritrade which requires your social, tax id, and employers name/address just to sign
    up I doubt I will ever get the chance to. Do you know if Simple studies can be added
    through Metatrader4(MT4)? If so I will be able to at least set it up until you finish writing
    your strategy for scalping

    JRAM said:
    03-04-201403:00 AM
    Originally Posted by beset
    I would like to try your strategy out but since you use ThinkorSwim(TOS) which is ran by
    Ameritrade which requires your social, tax id, and employers name/address just to sign
    up I doubt I will ever get the chance to. Do you know if Simple studies can be added
    through Metatrader4(MT4)? If so I will be able to at least set it up until you finish writing
    your strategy for scalping
    I did a google search and found this >> http://www.bestfxtradingsystems.com/...mt4indicator/

    He provides a screenshot and that is what is should look like once set up...
    Jram

    beset said:
    03-04-201404:46 AM
    Originally Posted by JRAM
    I did a google search and found this >> http://www.bestfxtradingsystems.com/...mt4indicator/
    He provides a screenshot and that is what is should look like once set up...
    Jram
    Wow, thats awesome. Thank you. Already installed and it looks great. Crossover Sound
    Alert immediately scared me because my speakers were up too much, ha. Good find,
    thanks again.

    Zanadu said:
    03-04-201407:26 AM
    Hi Jram
    Sounds interesting !
    Hi Beset
    Since you seemed to have already set up those indicators on your mt4 (which I am also
    using)
    would you be able to assist me to set up this system correctly as I am having some
    problems

    pinoyoptions said:
    03-04-201408:13 AM
    Let me correct about TOS, You don't need to pay $50 to get their platform. You can
    have demo account with 10,000 $ playmoney account. I've been using TOS also for
    quite sometime. FYI

    https://www.thinkorswim.com/tos/disp...age=paperMoney sign up here if you want


    paper money (aka demo)
    Last edited by pinoyoptions; 03-04-2014 at 08:17 AM.

    beset said:
    03-04-201412:59 PM
    Originally Posted by Zanadu
    Hi Jram
    Sounds interesting !
    Hi Beset
    Since you seemed to have already set up those indicators on your mt4 (which I am also
    using)
    would you be able to assist me to set up this system correctly as I am having some
    problems
    Sure! What problems are you having?? Goto Site Jram linked
    (http://www.bestfxtradingsystems.com/...mt4-indicator/) and scroll down under
    details to click on Stochastic Cross Alert MT4 Indicator

    If you have Windows OS and MetaTrader 4 Downloaded this is what you do. (Hope it
    makes sense)
    1.It comes as a zip file so you have to extract it to a folder. (usually right click gives you
    option)
    2.Once extracted open folder and you should see two files. (ex4 and MQL4)
    3.Highlight and Right click to copy both Stochastic Cross Alert files
    4.GOTO Computer, C: Drive, Program Files (x86), MetaTrader4 Folder, experts,
    indicators- now right click anywhere in this folder and click paste. (Click continue if
    you're administrator)
    5.X out of MetaTrader and reload it.
    6.Once in MetaTrader 4 again. Click Insert at top, indicators, custom, Stochastic Cross
    Alert. Viola, should be installed correctly.

    JRAM said:
    03-05-201412:47 AM

    @pinoyoptions...
    There you go. Get TOS for free! wish I would have known...

    Michael Hodges said:


    03-05-201402:42 PM
    Originally Posted by pinoyoptions
    Let me correct about TOS, You don't need to pay $50 to get their platform. You can have
    demo account with 10,000 $ playmoney account. I've been using TOS also for quite
    sometime. FYI
    https://www.thinkorswim.com/tos/disp...age=paperMoney sign up here if you want
    paper money (aka demo)
    yeah, TOS is cool, it is the next generation of the platform I use in a way....I got started
    through a seminar called Investools 5 step method for trading blah blah blah and they
    got me using OptionsXpress for charts and trading. The business that gave the seminar
    eventually became/mergeed with TOS. I use those charts (optionsxpress) everyday and
    use their demo account for trading sometimes... and my equity positions are there of
    course.

    pinoyoptions said:
    03-06-201412:18 PM
    totally agree SenseiMichael, TOS are quite impressive, already preloaded valuable
    indi's, compare to MT4 with just basic indicators. But still love mt4 because of simplicity
    :-)

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