Mouse System

Hi all,

I'll start by saying that I'm a little bias when it comes to these Forex trading tools. I helped (or rather, I added a lot of input that lead to) the development of the Scalping Matrix. The very first version in the 4Xlounge days was called X Scalper. I didn't help with this latest version, but the basic concept is similar. However, this recent version is far more accurate than any of the older versions. I have no idea how they improved the tools, but I like it!

My System - Trend Scalping

I use a system and setup very similar to the example posted in the owner's manual here: Owner's Manual. I will bullet-point my system and try to answer questions as they are posted. I "technically" retired from trading, but I love it too much so I'm back. Also, these tools were very enticing, but I still have to balance wife and trading, lol... Happy wife = happy life. The COVID-19 quarantine helped my wife realize that me having a hobby was a good thing. ;)

1. I wait for the PBT data to hit +/- 9.
2. I check to make sure that the Global Trend is in the opposite direction with at least +/- 2, anything inside the +/-2 area = no trade for me (NOTE: when the PBT data moves against the Global Trend "purple line", the values always contract near zero, but ideally we want the value to stay outside +/- 2 area).
3. I check the BVQ Matrix and make sure that the Base and Quote Average agrees with the Global Trend (i.e., that they are both pointed in the same direction, but the Base and Quote Average does NOT need to stay outside the +/- 2 area, it just needs to be on the same side of "0" as the Global Trend).
4. If items #1, #2 and #3 are met, I enter a trade in the direction of the Global Trend. I risk 3% per trade and I based my stop on ATR values similar to the example in the Owner's Manual, but my target is a manual exit. See #5 for details. (NOTE: scalping should never be a "counter-trend" system, in my opinion anyway).
5. I will exit the trade (assuming my stop isn't hit) when the PBT data reaches +/- 9 in the same direction as the Global Trend and Base & Quote Average. I also keep an eye on news. I will hold my trades through most news events, but I NEVER take an entry right after a news release. Wait at least an hour after a "Heavy" news release.

PRO TIP: figure out your stop and lot size for each currency pair at the beginning of each trading session (they rarely change mid-session). This will help you get in more trades when conditions are met. The trades will come in sets or waves. I've had as many as 9 trades open at the same time before.

A typical example of values (most common that I've seen) would be something like: PBT = +9, Global Trend = -2.3, Base and Quote Average = -1.4, I would open a trade "short/sell" and hold until the PBT data reaches -9.

NOTE: I will try to screenshot a few live examples, but I'm usually too busy setting up my trades. The trades usually come in waves and you have to open several at the same time.
 

codarfx

Member
Nice to see you back Mouse!

I have three questions:
1. Do you not use Histogram to confirm the entry at all?
2. By not going counter-trend, you mean your trade is not going against global trend, but it's still counter-trend on a small timeframe?
3. Do you consider ATR 5min when making decision?

Thanks!
 
Nice to see you back Mouse!

I have three questions:
1. Do you not use Histogram to confirm the entry at all?
2. By not going counter-trend, you mean your trade is not going against global trend, but it's still counter-trend on a small timeframe?
3. Do you consider ATR 5min when making decision?

Thanks!
1. Nope.
2. No, if you are trading in the same direction as the Global Trend, you are not counter-trend trading.
3. Yes, I use the 5 min atr to calculate my Stop.
 

wolfepack

Member
Hi all,

I'll start by saying that I'm a little bias when it comes to these Forex trading tools. I helped (or rather, I added a lot of input that lead to) the development of the Scalping Matrix. The very first version in the 4Xlounge days was called X Scalper. I didn't help with this latest version, but the basic concept is similar. However, this recent version is far more accurate than any of the older versions. I have no idea how they improved the tools, but I like it!

My System - Trend Scalping

I use a system and setup very similar to the example posted in the owner's manual here: Owner's Manual. I will bullet-point my system and try to answer questions as they are posted. I "technically" retired from trading, but I love it too much so I'm back. Also, these tools were very enticing, but I still have to balance wife and trading, lol... Happy wife = happy life. The COVID-19 quarantine helped my wife realize that me having a hobby was a good thing. ;)

1. I wait for the PBT data to hit +/- 9.
2. I check to make sure that the Global Trend is in the opposite direction with at least +/- 2, anything inside the +/-2 area = no trade for me (NOTE: when the PBT data moves against the Global Trend "purple line", the values always contract near zero, but ideally we want the value to stay outside +/- 2 area).
3. I check the BVQ Matrix and make sure that the Base and Quote Average agrees with the Global Trend (i.e., that they are both pointed in the same direction, but the Base and Quote Average does NOT need to stay outside the +/- 2 area, it just needs to be on the same side of "0" as the Global Trend).
4. If items #1, #2 and #3 are met, I enter a trade in the direction of the Global Trend. I risk 3% per trade and I based my stop on ATR values similar to the example in the Owner's Manual, but my target is a manual exit. See #5 for details. (NOTE: scalping should never be a "counter-trend" system, in my opinion anyway).
5. I will exit the trade (assuming my stop isn't hit) when the PBT data reaches +/- 9 in the same direction as the Global Trend and Base & Quote Average. I also keep an eye on news. I will hold my trades through most news events, but I NEVER take an entry right after a news release. Wait at least an hour after a "Heavy" news release.

PRO TIP: figure out your stop and lot size for each currency pair at the beginning of each trading session (they rarely change mid-session). This will help you get in more trades when conditions are met. The trades will come in sets or waves. I've had as many as 9 trades open at the same time before.

A typical example of values (most common that I've seen) would be something like: PBT = +9, Global Trend = -2.3, Base and Quote Average = -1.4, I would open a trade "short/sell" and hold until the PBT data reaches -9.

NOTE: I will try to screenshot a few live examples, but I'm usually too busy setting up my trades. The trades usually come in waves and you have to open several at the same time.
When are you finding your trades develop? Anytime? Euro Session, US? Asian?
 

dan.campbell

Administrator
Staff member
Hi all,

I'll start by saying that I'm a little bias when it comes to these Forex trading tools. I helped (or rather, I added a lot of input that lead to) the development of the Scalping Matrix. The very first version in the 4Xlounge days was called X Scalper. I didn't help with this latest version, but the basic concept is similar. However, this recent version is far more accurate than any of the older versions. I have no idea how they improved the tools, but I like it!

My System - Trend Scalping

I use a system and setup very similar to the example posted in the owner's manual here: Owner's Manual. I will bullet-point my system and try to answer questions as they are posted. I "technically" retired from trading, but I love it too much so I'm back. Also, these tools were very enticing, but I still have to balance wife and trading, lol... Happy wife = happy life. The COVID-19 quarantine helped my wife realize that me having a hobby was a good thing. ;)

1. I wait for the PBT data to hit +/- 9.
2. I check to make sure that the Global Trend is in the opposite direction with at least +/- 2, anything inside the +/-2 area = no trade for me (NOTE: when the PBT data moves against the Global Trend "purple line", the values always contract near zero, but ideally we want the value to stay outside +/- 2 area).
3. I check the BVQ Matrix and make sure that the Base and Quote Average agrees with the Global Trend (i.e., that they are both pointed in the same direction, but the Base and Quote Average does NOT need to stay outside the +/- 2 area, it just needs to be on the same side of "0" as the Global Trend).
4. If items #1, #2 and #3 are met, I enter a trade in the direction of the Global Trend. I risk 3% per trade and I based my stop on ATR values similar to the example in the Owner's Manual, but my target is a manual exit. See #5 for details. (NOTE: scalping should never be a "counter-trend" system, in my opinion anyway).
5. I will exit the trade (assuming my stop isn't hit) when the PBT data reaches +/- 9 in the same direction as the Global Trend and Base & Quote Average. I also keep an eye on news. I will hold my trades through most news events, but I NEVER take an entry right after a news release. Wait at least an hour after a "Heavy" news release.

PRO TIP: figure out your stop and lot size for each currency pair at the beginning of each trading session (they rarely change mid-session). This will help you get in more trades when conditions are met. The trades will come in sets or waves. I've had as many as 9 trades open at the same time before.

A typical example of values (most common that I've seen) would be something like: PBT = +9, Global Trend = -2.3, Base and Quote Average = -1.4, I would open a trade "short/sell" and hold until the PBT data reaches -9.

NOTE: I will try to screenshot a few live examples, but I'm usually too busy setting up my trades. The trades usually come in waves and you have to open several at the same time.
Yeah, I agree. I think this is the best version of the tools that we've ever had and they are about to get even better. Hopefully, the new upgrade will come online soon.
 
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