DislikedKujo's 5m/15M Scalp Trade Strategy
5M or 15M charts.
Monitor 30M, 1H, 4H and Daily charts to follow momentum.
I will only trade now, with the HOURLY trend, but you can scalp UP and Down at will.
QQE 5
Zero Lag Stochastic Indicator, setting 13, which is embedded inside.
5SMA close and open
Also use Trend Lines on the two most recent Fractals both top and bottom.
To be safest, don't enter until one is broken, but I don't do this now, as I ONLY trade this strategy with the 1H trend being identified by the Stoch and QQEs.
When 5SMAs cross, I'll wait for the following 5M bar to close.
If it closes below the SMAs, and Stoch crosses over, Enter trade.
Long if above and short below.
I'll then wait for the Stoch to cross up/down to Exit, but as I said, I only trade with the 1H trend now.
Otherwise, if you are scalping up and down, exit when a 5M bar closes touching an SMA line for safety.
It's an easy strategy and has made VERY good pips.
Notice where I made white lines on the crosses and the closing bars.
Those are enter/exit points.
I'll stay in trades longer now, as I'm ONLY trading with the 1H trend and haven't taken a loss since switching to this method.Ignored