DailyScalp

darkkiller · #1 (**permalink**) 05-18-2008, 06:24 AM

Hello there
i would like to share this system.It really simple and this system using daily high and low and take profit and stoploss are using fibonacci range.

1.Open anypair do u like with timeframe 1hour
2.Pending buy and sell
3.Set stoploss and take profit
4.Go to sleep

Pending buy must
+1pip with spread

Pending sell must
-1pip

maybe somebody can edit this indicator to put auto spread and +/- 1pip on it.Or create EA?
thanks

limestreamx · #2 (**permalink**) 05-19-2008, 04:54 AM

is this system used specific time to trade? or u can trade at any time...

P/s; breakout ke bro?

onetarmizi · #3 (**permalink**) 05-19-2008, 05:37 AM

This system based on breakout previous day high and low. Take profit and stop lose based on Fibonacci level after darkkiller had modified the spudfibo. Correct me if I'm wrong darkkiller. Therefore the pending order should be taken when broker start the new day.

heartnet · #4 (**permalink**) 05-19-2008, 06:16 AM

good.........

spymez · #5 (**permalink**) 05-19-2008, 08:26 AM

Nice setup and I like that it does not require constant monitoring.

Can you share recent trading results?

Thanks

Spy

skydart · #6 (**permalink**) 05-19-2008, 08:54 AM

Quote:

Originally Posted by spymez

Nice setup and I like that it does not require constant monitoring.

Can you share recent trading results?

Thanks

Spy

Demo test:

darkkiller · #7 (**permalink**) 05-19-2008, 11:02 AM

Quote:

Originally Posted by limestreamx

is this system used specific time to trade? or u can trade at any time...

P/s; breakout ke bro?

Yes,like onetarmizi said.It just daily breakout but with fibonnaci.
My idea come out after read all this thread

SRDC Episode I
SRDC Episode I
Spud's MTF FIB Breakout System
Spud's MTF FIB Breakout System
Daily Open-SR Technique
Daily Open-SR Technique

but,i see the problem is some of trader do not know how much to Take profit and where to put Stoploss..so i come this idea using spudfibo daily.I got alot inspiration try to create indicator from senior TSD like Cja,Mladen,Linuxser,Fxbs,Igorad and other....still beginner,still alot to study how to coding

Quote:

Originally Posted by spymez

Nice setup and I like that it does not require constant monitoring.

Can you share recent trading results?

Thanks

Spy

You can see the result by yourself..just drag red line to high low day before.
This is not holy grail,still hit stoploss so moneymanagement still important.

Thanks skydart show some result

*english is not my first language

darkkiller · #8 (**permalink**) 05-19-2008, 12:47 PM

Quote:

Originally Posted by skydart

Demo test:

today all hit stoploss

better lock your profit.Anyway this system still in trial,need more improvement

skydart · #9 (**permalink**) 05-19-2008, 11:10 PM

Quote:

Originally Posted by darkkiller

today all hit stoploss

better lock your profit.Anyway this system still in trial,need more improvement

Yes, this was demo for testing only.
For live trading I’m using own system.

limestreamx · #10 (**permalink**) 05-20-2008, 02:02 AM

Hit pending buy and pending sell but reverse back.. quit dangerous,i think this system need some modification dont u think so DK

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