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Scalping FX with Cyrox Rainbow

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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.
 
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 ?
 
julz said:
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 ?
Click to expand...

I'm not using MBT - with FXCM micro at the moment, a market maker which allows scalping.
 
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 said:
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?
Click to expand...

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??
 
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.
 
Cartman said:
hey mirc -- im still doing 80% with my last 100 sim trades on FX --- will they give me a gig u reckon lol
Click to expand...

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

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

 
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?
 
MRC & Co said:
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?
Click to expand...


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