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walterw

The Chimp`s new "Futures Scalps"

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Hi

 

My strategy was looking for a cross between ADXVMA(2) and ADXVMA(5)

What the strategy plotted on the screen looked more like I used ADXVMA(6 and ???)...

 

The problem was the indicator initialized it's Parameters, such as ADXPeriod, MA Period etc the "Initialize" section of the Indicator.

That section is only run once by NT and is used to setup plots in memory etc.

Initializing parms here doesn't seem to cause a problem when you are only using the indicator on a chart. But it does seem to affect how parms are passed to the indicator when used with a strategy

 

So .. the result was that it ignored or mistook any parameters that I used.

Moving the 4 lines below into the 'OnBarUpdate' section fixed the problem

WeightDX = ADXPeriod;

WeightDM = ADXPeriod;

WeightDI = ADXPeriod;

ChandeEMA = ADXPeriod;

 

Again, Thanks to Sparrow for porting this indicator and Josh for fixing it. I'm just the happy user !

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walter,

 

I'd like you to give oibjective parameters for trade EXITS.

u missed that out.

 

also can u please attach all the metatrader indicators that you are using in this scalping system.

 

thanks.

cheers.

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walter,

 

I'd like you to give oibjective parameters for trade EXITS.

u missed that out.

 

also can u please attach all the metatrader indicators that you are using in this scalping system.

 

thanks.

cheers.

 

 

Mr. pgd... if you go thru the videos you will notice very clear guidelines for exits, basicly using cci and fixed exits as well, for stops its also quoted the chimps universal stop system... the metatrader indis are on the vma open research thread, there are various versions, you may want to check... cheers Walter.

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Mr. pgd... if you go thru the videos you will notice very clear guidelines for exits, basicly using cci and fixed exits as well, for stops its also quoted the chimps universal stop system... the metatrader indis are on the vma open research thread, there are various versions, you may want to check... cheers Walter.

 

I did go thru the videos and saw the enrties being marked. not so with exits.

how much is the fixed exit. Metatrader does not give tick charts, just timeframes. so wud a 1-min chart be an appropriate substitute?

 

yes, the universal stop system is quite clear.

 

can u pl give me the links to the most refined versios of the indicators so I don't need to look for a needle in a haystack.

 

thanks.

cheers.

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I did go thru the videos and saw the enrties being marked. not so with exits.

how much is the fixed exit. Metatrader does not give tick charts, just timeframes. so wud a 1-min chart be an appropriate substitute?

 

yes, the universal stop system is quite clear.

 

can u pl give me the links to the most refined versios of the indicators so I don't need to look for a needle in a haystack.

 

thanks.

cheers.

 

Metatrader works on 1 min minimum, so for this scalping method on futures will not work, doesnt mean you cant trade it from a 1 min chart, but it will be diferent...

 

check this page, has a classic vma indi and template for metatrader http://www.traderslaboratory.com/forums/24/walter-s-forex-trend-trades-2364-28.html

 

actually I exit +4 or +5 ticks fixed on ym, that certainly changes as market conditions suggests, for example yesterday I had to reduce to +2 +3 and some other times I may take a +8... technical exits, cci cross back 0, a nice one, please check the flip thread http://www.traderslaboratory.com/forums/f34/the-flip-trade-support-and-resistance-1714.html has a lot on exits as well... hope helps, cheers Walter.

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Metatrader works on 1 min minimum, so for this scalping method on futures will not work, doesnt mean you cant trade it from a 1 min chart, but it will be diferent...

 

check this page, has a classic vma indi and template for metatrader http://www.traderslaboratory.com/forums/24/walter-s-forex-trend-trades-2364-28.html

 

actually I exit +4 or +5 ticks fixed on ym, that certainly changes as market conditions suggests, for example yesterday I had to reduce to +2 +3 and some other times I may take a +8... technical exits, cci cross back 0, a nice one, please check the flip thread http://www.traderslaboratory.com/forums/f34/the-flip-trade-support-and-resistance-1714.html has a lot on exits as well... hope helps, cheers Walter.

 

 

Walter,

 

Very good and informative videos and information. Thank you.

 

My platform, ToS, also does not have tick charts at this time. They are working on that.

 

My minimum timeframe is 1 minute. You indicate that the 1 minute chart can be traded but it is just different.

 

My question is, can I use the CCI with the same settings that you use or do I need to change the settings to trade the 1 minute chart?

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Hello Walter, I am new to this thread and new to TL. Like others before me I am not an expert at NT, but I followed the post on how to move the indicators from post #10 & #38 and everything seemed to go pretty smoothly. However, when I built the charts they did not look anything like yours, so I guess there are problems that I need help with. It also leads me to some questions. This is a new computer and I don't have WinZip downloaded to it, do i need to have WinZip downloaded to my cptr when working with Zip files? Also for some reason my HP Laptop won't let me download things, can someone help me with my settings? Every time I try to download something from Cnet the page just closes and nothing happens. Okay, back to your indicators and charts. Your charts look so simple with a just a few indicators lines above and the special cci below, i really thought I could get it, but so far no success. Lastly, in both post #10 and #38 there are two files Chimp futures scalps.zip and chimp futures scalps2.zip, what are these files and are they important? I ask because when I tried to import them into NT. NT said they are not .XL files and would not do anything with them so they don't appear in my NT indicator file when I open NT. When I look into my NT files /charts they are sitting there, but NT would not allow me to import them so they are not in NT when I open and try and build a chart. The other indicators were opened by NT Import and they now appear under the indicator tab when I build a chart. So I guess I have a few problems to work through before I can build some charts that look like yours on this forum. If anyone could help me with these problems it would be greatly appreciated.

 

Thanks,

gecko

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I thought he might be since the dates were old on this forum, but with this simple file transfer I was hoping someone else who was working on this with him could help. Seems like i only have the problem of not knowing how to deal with the two zip files called 'chimps futures scalps' and 'chimp futures scalps2' zip files.

 

I am new and was looking for a starting method to explore and his method seemed interesting to bring up on my charts and play with. You are experienced maybe you can steer me to a more current thread and a better method to explore? I don't know maybe this Walter thing was a waste of time for futures trading and did not work well? Does anyone have any feedback? Or maybe it works well and is a nice little scalping method? I am currently watching the ER2 emini russell on a daily basis. Any help is greatly appreciated.

 

gecko

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Hi gecko!

these two "chimps futures scalps' and 'chimp futures scalps2' zip files are chart-template and NOT indicators !

So you have to open the zip and copy the file inside in your ninja-folder for chart-templates.

Impoting via script-import is not possible/necessary for these files.

 

hope that helps .... :cool:

max-td

 

by the way : walter has been MIA ... - what does it means ?:confused:

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ok thanks, will give it a try, that is what I thought. I thought they were chart templates putting all the indicators together in the chart properly, but i did not want to unzip and open anything and screw things up so I thought I would ask first for some guidance, thanks. MIA means missing in action, i guess walter has not visited tl in quite some time to chat or post.

 

gecko

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I enjoyed the presentation. Is it possible to set this up in TradeStation? I'll be looking into it in any case. I guess I must be a scalper at heart cause when I try to trade another why it doesn't work for me. I want to get in fast and get out fast with a small but dependable profit

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I enjoyed the presentation. Is it possible to set this up in TradeStation? I'll be looking into it in any case. I guess I must be a scalper at heart cause when I try to trade another why it doesn't work for me. I want to get in fast and get out fast with a small but dependable profit

 

Yes it is possible as I've already coded them in TS, they'll probably be posted on this thread somewhere, if not they be on the VMA research thread.

 

Hope this helps

 

Blu-Ray

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The MT4 platform on the M1 does work for trading YM futures, especially during US market hours.

 

Following is a sampling of trades.

 

COTtrader

"Ken"

 

 

Hi COT, can you create a new thread explaining your aproach, that would be very nice to learn... thanks Walter.

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Hi Walter,

 

I've really enjoyed your post...very informative. I need to take some time to set up some charts and test your method.

 

I do have some questions? If you answered these earlier...my apologies...please bare with me.

 

You mentioned that you usually target 5 ticks. Sometimes more...sometimes less?

 

What is your daily goal for the number of ticks you want to achieve in a day?

 

How many contracts do you normally trade?

 

It seems that with this small number of ticks, your broker is making a good living off you every day?

 

Am I missing something here?

 

Looking at your setups and your chart examples...it seems clear that you had many, many opportunities to let your trade run into rather large winners?

 

Thank you again for the time you put into this post...and thank you to all the other members that contributed to this post...it was awesome.

.

RMT

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Hi Rocky, fixed targets its a way of taking sure profits from a much smaller range than the statistical range average moves have... still you may have a good "potencial" RRR on your favor... also you can control your greed wich some times it may be lethal for many traders...

 

Oportunities may vary depending on the day, but as I am actually doing on forex, coming out with a fixed target works very well... yes my broker is happy, my acct as well... glad you enjoyed my thread, you can also visit my site. cheers Walter.

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Great Stuff Walter and Blue-Ray!!!!!!

 

I have been lurking on the board for a few months and wanted to give credit where credit is due. What a wonderful Board that has been set-up here for all of us to discuss our ideas.

 

As far as the "chimps micro-scalps" I have been testing it live on demo acct. Biggest problem I've been having is there are too many whipsaw trades and too many signals. Anyone else been having same problem/possible solutions?

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What a thread guys!!! Walter, how're you doing with your forex trading?

 

Hi tlfx, as many know here, I had developed a system wich I share on a private basis ( and I dont speak too much about it here, as we agreed not to make publicity of it here at TL )... so far it has been a nice year on forex, and 2009 will still be better as I am about to release an update to my students, wich has even better performance...

 

On the past months I had been trading with my 10 pip daily target on a consistent basis and on 2009 I am thinking in taking this daily target all the way to 20 pips, as the new improved method shows very nice performances on my actual testings...

 

RRR has been the key always...

 

Now, all my material posted here on TL its good enough to trade succesfully, maybe on our private stuff we have an extra edge that I wanted to keep with those who show some further apreciation... with no animous of promoting anything, thats my answer to you tlfx on how my forex trading is doing... cheers Walter.

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Guest Trader28

Scalping is easy, just google the floor traders V method

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