M1 Mechanical Scalping System
Required Indicators:
Name -------- Settings
M1 Chart
- Renko Blocks - 10pip blocks
- Carmen Eyes - Space 1/2/3 - 1, Expand Rate 1/2/3 - 15/10/10
- MA - LWMA 68
- DSS Bressert - 8/13
Renko Chart(offline M2)
- NonLagMA - Length 30
- MA - LWMA 68
- DSS Bressert - 8/13
*Settings are optimized for EUR/USD pair
Rules:
We must pick our main direction(buy or sell) from Renko Block Charts(Offline M2). Once we had a setup on M2 chart, must look for entries on M1 Candlestick chart and scalp only in direction of Renko.
For Long
Renko Block Chart (offline M2)
- PA above LWMA 68, NonLagMA, DSS dot is Black
- It is preferable for DSS dot to change its color below 20(oversold zone) for BUY
- If all these conditions are met, switching into M1 Candlestick chart and looking for fresh entry
M1 Candlestick Chart
- PA is above LWMA 68, Carmen Eyes
- Looking for pullback
- Enter at change of DSS color below 20(oversold zone)
- Take Profit / Stop Loss - Change of color DSS in overbought zone (80) or trail untill PA goes below Carmes Eyes yellow line
For Sell
Renko Block Chart (offline M2)
- PA below LWMA 68, NonLagMA, DSS dot is Black
- It is preferable for DSS dot to change its color above 80(overbought zone) for Sell
- If all these conditions are met, switching into M1 Candlestick chart and looking for fresh entry
M1 Candlestick Chart
- PA is below LWMA 68, Carmen Eyes
- Looking for pullback
- Enter at change of DSS color above 80(overbought zone)
- Take Profit / Stop Loss - Change of color DSS in oversold zone (20) or trail untill PA goes above Carmes Eyes black line
Extreme SCALPING
BUY:
- PA above Gann, M5 and M1 Carmens Eyes
- DSS change its color below 20
SELL:
- PA below Gann, M5 and M1 Carmens Eyes
- DSS change its color above 80
NO TRADE ZONE:
- PA is between M5 and M1 Carmens Eyes
TP / SL:
- Change of DSS color or Gann Hi-Low
Comments and Suggestions are Welcome!
Attached File(s)
M1 Mechanical.zip
18 KB
|
2,555 downloads
M1 Extreme.zip
11 KB
|
2,290 downloads
|
Uploaded Feb 5, 2010 5:05am