FOREX QUANT

November 6, 2007

Scalping wisdom

Filed under: Uncategorized — by TraderMade @ 8:26 pm
Tags: , , , , ,

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Some traders have put an enormous amount of time developing scalping strategies. One of them is a German trader named himself as Winwin. Despite of his controversial strategy in the 2007 EA Championship, his wisdom seems to be worth examined:

“….for me there are two scalping techniques.
first technique: in trendmarket take out some trend pips of the trend. if i want it to do in short term there is the problem that in a trend the market is moving fast. i cant set pending orders all the time in championship, because so i would create a very big journal. so i had to use marketorders, but in fast moving markettrends i will nearly always get a reqoute.
second technique: find out a range and trade in the opposite direction on the borders or on some points. but dont trade the whole range, only some pips. so you have more time for a marketorder because it is not a fast moving market.
i will underline, that this is my definition of scalping possibilities. it can be completely wrong to books maybe………..”

His wisdom has sparked an idea of a new strategy in my head. Especially with this idea of modifying a scalping technique to be accepted by most Metatrader brokers. Will discuss it tomorrow with Yogi, the programmer. Can’t wait for tomorrow. lol.
When having hot ideas in the head like this, i feel like being a 10 years old boy who has just been given a pair of new shoe, that he even wears the new shoe to sleep. lol.

(*)

5 Comments »

  1. then this was an hint from me without any costs🙂.
    hope it will help you. but there are some steps behind this🙂.

    Comment by winwin — November 22, 2007 @ 9:16 pm |Reply

  2. hey, the man himself is coming.🙂
    thank you sir.
    yes i know there must be other things to add for a working scalping method, but i was glad that your conclusion that scalping must be done through either the two option, was in line with my conclusion i had before.
    btw, we’re all keeping our eye on Mr. Better’s performance lately. i think he’s not using NN like he said.

    Comment by darma — November 23, 2007 @ 12:20 am |Reply

  3. ofcourse he dont use it like we would define it,
    maybe he is new in market, maybe simple paramter change inside the EA is neuronal net for him. some people have different definitions for same things.

    with 15 lots you will often get many profit if you guess right direction 5 times🙂. its a game, all is possible.

    Comment by winwin — November 24, 2007 @ 8:59 am |Reply

  4. i agree with you, sir. He probably use some parameter that is pre-optimized/derived outside the EA. The optimization COULD be done by an NN, but we’ll never know.
    But still, his entry and exit strategy is impressive.

    Comment by darma — November 24, 2007 @ 9:09 am |Reply

  5. Where do we find winwin to purchase or demo his EA?

    Comment by fx trader — August 13, 2008 @ 10:38 pm |Reply


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