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

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

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 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

You will have to register before you can post: click Join to become part of our community

(it's absolutely FREE!).

New: CommuniTraders-Live Skype Group! Where we discuss and learn from the best. In the

group you will be notified when the PRO’s are streaming live on our CommuniTraders-Live

YouTube channel! Watch them analyze the charts and ask questions.

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 JRAM said:

03-04-2014 12:37 AM

http://forums.binaryoptionsthatsuck.com/members/2810-JRAM?s=3e13d03d6fb487991779aa202f1c31b5http://forums.binaryoptionsthatsuck.com/threads/11921-Jram-settings-and-strategy-for-5-min-scalper-trading/?s=3e13d03d6fb487991779aa202f1c31b5&page=1http://forums.binaryoptionsthatsuck.com/threads/11921-Jram-settings-and-strategy-for-5-min-scalper-trading/?s=3e13d03d6fb487991779aa202f1c31b5&page=2http://forums.binaryoptionsthatsuck.com/threads/11921-Jram-settings-and-strategy-for-5-min-scalper-trading/?s=3e13d03d6fb487991779aa202f1c31b5&page=3http://forums.binaryoptionsthatsuck.com/threads/11921-Jram-settings-and-strategy-for-5-min-scalper-trading/?s=3e13d03d6fb487991779aa202f1c31b5&page=4http://forums.binaryoptionsthatsuck.com/threads/16110-Trade-With-Us!-Watch-Learn-amp-Copy-Pro-s-on-Skype!-CommuniTraders-Live/http://forums.binaryoptionsthatsuck.com/forum.php?s=3e13d03d6fb487991779aa202f1c31b5http://forums.binaryoptionsthatsuck.com/members/2810-JRAM?s=3e13d03d6fb487991779aa202f1c31b5http://forums.binaryoptionsthatsuck.com/members/2810-JRAM?s=3e13d03d6fb487991779aa202f1c31b5http://forums.binaryoptionsthatsuck.com/members/2810-JRAM?s=3e13d03d6fb487991779aa202f1c31b5http://forums.binaryoptionsthatsuck.com/threads/11921-Jram-settings-and-strategy-for-5-min-scalper-trading/?s=3e13d03d6fb487991779aa202f1c31b5&page=4http://forums.binaryoptionsthatsuck.com/threads/11921-Jram-settings-and-strategy-for-5-min-scalper-trading/?s=3e13d03d6fb487991779aa202f1c31b5&page=1http://forums.binaryoptionsthatsuck.com/threads/11921-Jram-settings-and-strategy-for-5-min-scalper-trading/?s=3e13d03d6fb487991779aa202f1c31b5&page=4http://forums.binaryoptionsthatsuck.com/threads/11921-Jram-settings-and-strategy-for-5-min-scalper-trading/?s=3e13d03d6fb487991779aa202f1c31b5&page=3http://forums.binaryoptionsthatsuck.com/threads/11921-Jram-settings-and-strategy-for-5-min-scalper-trading/?s=3e13d03d6fb487991779aa202f1c31b5&page=2http://forums.binaryoptionsthatsuck.com/threads/11921-Jram-settings-and-strategy-for-5-min-scalper-trading/?s=3e13d03d6fb487991779aa202f1c31b5&page=1http://forums.binaryoptionsthatsuck.com/threads/16110-Trade-With-Us!-Watch-Learn-amp-Copy-Pro-s-on-Skype!-CommuniTraders-Live/http://forums.binaryoptionsthatsuck.com/register.phphttp://forums.binaryoptionsthatsuck.com/search.php?s=3e13d03d6fb487991779aa202f1c31b5&search_type=1&contenttype=vBForum_Posthttp://forums.binaryoptionsthatsuck.com/mobile.php?s=3e13d03d6fb487991779aa202f1c31b5&do=loginhttp://forums.binaryoptionsthatsuck.com/forum.php?s=3e13d03d6fb487991779aa202f1c31b5http://forums.binaryoptionsthatsuck.com/threads/11921-Jram-settings-and-strategy-for-5-min-scalper-trading?s=3e13d03d6fb487991779aa202f1c31b5

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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:

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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.

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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. YOUhave 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

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

 Originally Posted by beset I would like to try your strategy out but since you use ThinkorSwim(TOS) which is ran byAmeritrade which requires your social, tax id, and employers name/address just to signup I doubt I will ever get the chance to. Do you know if Simple studies can be addedthrough Metatrader4(MT4)? If so I will be able to at least set it up until you finish writingyour strategy for scalping

I did a google search and found this >> http://www.bestfxtradingsystems.com/...mt4-

indicator/

beset said:

03-04-2014 01:45 AM

 JRAM said:03-04-2014 03:00 AM

http://forums.binaryoptionsthatsuck.com/members/2810-JRAM?s=3e13d03d6fb487991779aa202f1c31b5http://forums.binaryoptionsthatsuck.com/members/2810-JRAM?s=3e13d03d6fb487991779aa202f1c31b5http://forums.binaryoptionsthatsuck.com/members/2520-beset?s=3e13d03d6fb487991779aa202f1c31b5http://forums.binaryoptionsthatsuck.com/members/2520-beset?s=3e13d03d6fb487991779aa202f1c31b5http://www.bestfxtradingsystems.com/stochastic-cross-alert-mt4-indicator/http://forums.binaryoptionsthatsuck.com/showthread.php?s=3e13d03d6fb487991779aa202f1c31b5&p=25032#post25032http://forums.binaryoptionsthatsuck.com/newreply.php?s=3e13d03d6fb487991779aa202f1c31b5&do=newreply&p=25032http://forums.binaryoptionsthatsuck.com/newreply.php?s=3e13d03d6fb487991779aa202f1c31b5&do=newreply&p=25029

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

 Jram

 Originally Posted by JRAM I did a google search and found this >> http://www.bestfxtradingsystems.com/...mt4-indicator/ 

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.

Hi Jram

Sounds interesting !

Hi Beset

Since you seemed to have already set up those indicators on your mt4 (which I am alsousing)

would you be able to assist me to set up this system correctly as I am having some

problems

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

beset said:

03-04-2014 04:46 AM

Zanadu said:03-04-2014 07:26 AM

pinoyoptions said:

03-04-2014 08:13 AM

http://forums.binaryoptionsthatsuck.com/members/1419-pinoyoptions?s=3e13d03d6fb487991779aa202f1c31b5http://forums.binaryoptionsthatsuck.com/members/1419-pinoyoptions?s=3e13d03d6fb487991779aa202f1c31b5http://forums.binaryoptionsthatsuck.com/members/1637-Zanadu?s=3e13d03d6fb487991779aa202f1c31b5http://forums.binaryoptionsthatsuck.com/members/1637-Zanadu?s=3e13d03d6fb487991779aa202f1c31b5http://forums.binaryoptionsthatsuck.com/members/2520-beset?s=3e13d03d6fb487991779aa202f1c31b5http://forums.binaryoptionsthatsuck.com/members/2520-beset?s=3e13d03d6fb487991779aa202f1c31b5http://www.bestfxtradingsystems.com/stochastic-cross-alert-mt4-indicator/http://forums.binaryoptionsthatsuck.com/showthread.php?s=3e13d03d6fb487991779aa202f1c31b5&p=25034#post25034http://forums.binaryoptionsthatsuck.com/newreply.php?s=3e13d03d6fb487991779aa202f1c31b5&do=newreply&p=25041http://forums.binaryoptionsthatsuck.com/newreply.php?s=3e13d03d6fb487991779aa202f1c31b5&do=newreply&p=25035http://forums.binaryoptionsthatsuck.com/newreply.php?s=3e13d03d6fb487991779aa202f1c31b5&do=newreply&p=25034

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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.

 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 alsousing)would you be able to assist me to set up this system correctly as I am having someproblems

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.

beset said:

03-04-2014 12:59 PM

 JRAM said:

03-05-2014 12:47 AM

http://forums.binaryoptionsthatsuck.com/members/2810-JRAM?s=3e13d03d6fb487991779aa202f1c31b5http://forums.binaryoptionsthatsuck.com/members/2810-JRAM?s=3e13d03d6fb487991779aa202f1c31b5http://forums.binaryoptionsthatsuck.com/members/2520-beset?s=3e13d03d6fb487991779aa202f1c31b5http://forums.binaryoptionsthatsuck.com/members/2520-beset?s=3e13d03d6fb487991779aa202f1c31b5http://www.bestfxtradingsystems.com/stochastic-cross-alert-mt4-indicator/http://forums.binaryoptionsthatsuck.com/showthread.php?s=3e13d03d6fb487991779aa202f1c31b5&p=25041#post25041https://www.thinkorswim.com/tos/displayPage.tos?webpage=paperMoneyhttp://forums.binaryoptionsthatsuck.com/newreply.php?s=3e13d03d6fb487991779aa202f1c31b5&do=newreply&p=25082http://forums.binaryoptionsthatsuck.com/newreply.php?s=3e13d03d6fb487991779aa202f1c31b5&do=newreply&p=25046

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@pinoyoptions...

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

 Originally Posted by pinoyoptions Let me correct about TOS, You don't need to pay $50 to get their platform. You can havedemo account with 10,000 $ playmoney account. I've been using TOS also for quitesometime. 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.

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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Michael Hodges said:

03-05-2014 02:42 PM

pinoyoptions said:

03-06-2014 12:18 PM

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