"A scalp can have a 1:1 ratio. Win 25% of his over all trades. While earning 250% profit." can you talk more about that?Ignored
That would be the "non-directional" approach using "martingale" wagering. Simply look at the last chart which I have placed. Do you see the red line? Well if you move the red line to any given point. Maybe intersection of price and ma line. Simply look at what happens when the market isn't ranging. The same price will not be closed over/under more then 4 times. Which means if you have a 2000usd account. Having a set price in mind as a turning point in the market. If you were wagering .1 .2 .3 .4 dollars per every crossing of the line. After every loss your chances of successfully closing a trade at a 1:1 ratio would increase. So say you would like to earn 6 pips. So you won't lose more then 6 pips. You could lose the first trade orders at 6 pips loss. .1 = 6 dollar loss .2 = 12 dollar loss .3 lot size =18 dollar loss. Total of 36 dollar loss. With a profit of only 6 pips on the .4 You would of gained almost 100% of the accrued loss, which was earned over a SHORT PERIOD OF TIME. You aren't wasting pips, chasing a massive breakout. You take what the market gives.
Your trades in this case (high equity trades) are based on the probability of a 1:1 ratio. You can look at my stats to see, after entering a position. I never went in red more then 2 pips several times. One could look at the charts to see that any particular price isn't closes a crossed say 10 times within given a 1:1 ratio which is in favor of the trade. Unless the market is in a range. Identifying the accumulation or range of a currency pair is also a rather valuable tool. Most of the people who help others, can't identify accumulation on a 1m chart.