Hello all, attached are two indicators. These indicators are the zig zag
pointer from fx-50 and the double trix indicator from THV at another forum. (installation
instructions below the main post)
I’m calling this system SimpleScalp because it is exactly that … a simple
scalping system. Yet at the same time it is crazy accurate.
To enter a trade, wait for all three indicators to be in agreement. A
trade should be set with a 10 pip profit target and a 10 pip stop loss.
You can expect to be out of a trade in a maximum of 5 minutes. Personally,
I’ll close any trade after 7 minutes no matter where it is.
Now, there are a lot of systems here, and a lot of new traders. So, what I
am going to do is actually trade using this system LIVE. It’s nothing to
do this and may help several of you out. If you are interested in my live
trading sessions, shoot me an email or a PM and I’ll explain how you can
get into the session (no sense giving this out to the entire board if only
a few people are interested).
With these live trading sessions you will see my screen and everything that
I do and how I do it as regards my trading with this system. This will be
in real time and on my real account.
The biggest benefit is that the chat facility will allow you to ask
questions and the like.
I’m doing this for two reasons. The first is that I think it would be fun
to help out other traders. The second is that trading is often a very
solitary activity. In this way I am making it much more of a group thing
and getting people involved, which I think will make the trading more
engaging.
Third, doing it this way will allow literally ANYONE to trade. I think it
is possible that you could watch my live trading sessions and trade by
following me and then placing actual phone calls to your broker. You get
all of the “community” of being involved with the live trading and all of
the people that are part of that, plus you get to trade in a very no stress
way because you can just follow me and make the same trades that I make.
I’ll be doing live trading for all sessions on different days, so no matter
which session(s) you like to trade, you’ll be covered.
When you tell me that you’re interested in the live sessions, let me know
what sessions you like to trade.
To install the indicators, go to your main metatrader folder and find the
folder labeled “experts”. Now look for the folder “indicators”.
Put both of the files there and double click on one of them. MetaEditorwill
load with the file there. Click the compile button and then exit
MetaEditor.
Now, double click on the other file. Click the compile buton after
MetaEditor loads, wait for a second, ad then exit.
Now, open MetaTrader, open an EURUSD 1minute chart. On that chart put the
two indicators.
That’s all there is to it. If you have any questions, feel free to ask.
40-100 pips per day – LIVE TRADING with SimpleScalp
Linear Mode
