Scalping FX with Cyrox Rainbow

[tayser]

It's the original CyroxMMA setup (says it in the top right hand corner) which works with NinjaTrader - TRollmann has made some updates to it since, I just haven't paid for the upgrade as yet.

I've been using NinjaTrader with the GAIN feed for well over 6 months now - nothing has changed.

 

[julz]

Cool, don`t change the system if it works

So I assume you`re paying a 6.7 $ commission per direction on a 10 000$ trade on EUR/USD ?

 

[tayser]

Cool, don`t change the system if it works

So I assume you`re paying a 6.7 $ commission per direction on a 10 000$ trade on EUR/USD ?

I'm not using MBT - with FXCM micro at the moment, a market maker which allows scalping.

 

[julz]

FXCM micro ? can we open Micro accounts with them in Australia now ?
Last time I tried I couldn`t because of some ASIC regulation ..

 

[MRC & Co]

Because I haven't build up enough equity yet?

Talk to a prop firm, if you can proove consistent returns and it's only equity holding you back, then you won't have a problem with the 9-5 anymore?

 

[Cartman]

Talk to a prop firm, if you can proove consistent returns and it's only equity holding you back, then you won't have a problem with the 9-5 anymore?

hey mirc -- im still doing 80% with my last 100 sim trades on FX --- will they give me a gig u reckon lol

seriously though ---- if they started u with say 50 grand --- how much would they expect u to turn that into in say 1 month ??

and what would the balance have to be at the end of the month for them to show u the door??

 

[tayser]

FXCM micro ? can we open Micro accounts with them in Australia now ?
Last time I tried I couldn`t because of some ASIC regulation ..

I had no issues opening an account.

 

[tayser]

note to self: trust the rainbow, trust the rainbow!

I'm getting more and more confident with the aggressive entries but just dont hold long enough!

GAH.

 

[Andy_aus]

hey mirc -- im still doing 80% with my last 100 sim trades on FX --- will they give me a gig u reckon lol

I think you have to be consistently live first before they consider you....

Also if you dont make money you dont get paid, are you ready for that?

 

[tayser]

 

[tayser]

Nothing like a bit of Newstrading in the morning....

Wait for the initial mayhem to run its course and then ATTACK!

 

[>Apocalypto<]

bump.

what's happening rainbow scalpers??

 

[Bin57again]

Hi all
I looked at this thread a while ago but didn't pursue - what are the rules? Is it similar to trading Guppy's MMAs?
Do people use mechanical entry/exit - e.g. based on one of the MAs turning/crossing or is it discretionary i.e. you just get a feel...?
Thanks Bin

 

[Stormin_Norman]

Hi all
I looked at this thread a while ago but didn't pursue - what are the rules? Is it similar to trading Guppy's MMAs?
Do people use mechanical entry/exit - e.g. based on one of the MAs turning/crossing or is it discretionary i.e. you just get a feel...?
Thanks Bin

im testing a EA atm based on guppy's MMA rules. what is the difference between this version of MMA and guppy's?

 

[tayser]

bump.

what's happening rainbow scalpers??

everyone of them is here: http://www.cyrox.com/forum or on the skype chat

 

[lindsayf]

Talk to a prop firm, if you can proove consistent returns and it's only equity holding you back, then you won't have a problem with the 9-5 anymore?

just curious..why would someone want to trade for a firm if they are profitable anyway? Surely more $ in your pocket if you stay solo?? Or is it that you trade much higher value (their money) and your % of the wins actually ends up more that what you could bring with your own equity.....doh..just answered my question didnt I!!

 

[Trembling Hand]

just curious..why would someone want to trade for a firm if they are profitable anyway? Surely more $ in your pocket if you stay solo?? Or is it that you trade much higher value (their money) and your % of the wins actually ends up more that what you could bring with your own equity.....doh..just answered my question didnt I!!

More to it than that.

 

[lindsayf]

ok..elaboration??

 

[Trembling Hand]

ok..elaboration??

Ear ya go

https://www.aussiestockforums.com/forums/showthread.php?p=401340#post401340

 

[lindsayf]

yup..fair enough...depends on yr level of ambition..and need for social stimulation perhaps. Thks TH