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Sniper Scalping System on www.advancedtradingworkshop.com
Hi @pipandrun, probably not my place, but what the heck.
By your own statement "Ths system actually produce more loosers than winners."
So enlighten me, WHY would you care about the rest?
Hereīs an update:
The first oscillator is a MACD 4,5,13 (thanks to a folk by PM) Anyone knows how to colour the line?
EMA 13 coloured and EMA 50
Some more ideas?
The below tool must be a combination of an oscillator and an indicator who shows the different timeframes in colour (3-Range, 4-Range, 5-Range etc.)
Hi everyone. I was looking the info u gave me guys about sniper scalping system.
i made the macd square(line) 4.5.13 a coloured ema slope 13 and a dotted black line 50 and step ma.
yesterday 17 wins, 4 losses, trading from 15.30-17.30(gmt+1time) ur opening us market.
i enter always when the macd breaks 0 line, so the bar after for target 6 ticks, stop 8ticks.
always with confirmation of the ema 13, so same colour direction.
i stay out when the step ma is above the range bars(congestion phase)
just trying out and trying to make something similar to sniperscalping.
Thanks for any advices or suggestions u can bring.
What is the step ma indicator? And what do you mean by staying out if the step ma is above the range bars(congestion phase)? It looks like you are taking counter trend trades on your chart also? I believe that Sniper only takes divergence trades when taking counter trend trades?
hi, i meant if the bars are very close to the step ma then i don't trade them.
but during the past week i continued testing this sytem or this approach I made and I still don't like it.
good days and bad days
I've also noticed that you haven't marked any pullbacks to the 13 MA that are under/over the 50 MA? In some of the newer webinars they have they like to mention that trade but the 13 has to be trending up or down and have a gold color and not black or grey. If the bars are all blue the osc doesn't have to be pointing up and if the bars are all red the osc doesn't have to be pointing down. Eco bars seem to show the 4,5,13 MACD line cross pretty good with the paint bars on which also shows the blue/red bars for trends with the yellow or gold bars for loss of momentum. Also, I don't think they trade the ES with this. Only Crude, Dax and TF I believe.