DSS Scalping system 5/15m TF

Hello i wanted to share a system that I have developed with the help of THV and an indicator called DSS that I came across on one of the forums. I am using the two combined along with what I know about price action for this system. THV helps to get into trades and DSS helps to get out of trades (and somewhat get in). Also I am using HA candles and the most accurate pivot indicator I have been able to find. Putting all these pieces together AND looking at higher time frames is the best system that I have been able to create in my 10+ years of trading.

For a long:
1. Main moving average MUST be green (should be green on next time frame up to ensure you are with the overall trend!)
2. THV must have just turned green
3. DSS must have just turned green and in most cases be at or near the 20 level (lower is better)
4. You MUST have a green HA candle

For a short:
THE OPPOSITE!

I will try to do analysis on each one and why I got in; not all will work obviously...the idea is to keep a reward to risk of AT LEAST 1 to 1 and greater. You will also notice the white moving average lines which I will touch on with my analysis. Those are a great indicator of a potential reversal and pullback areas to get in. I will also touch on money management which is CRUCIAL.

Okay guys and gals here is the trade that I took today. This is a GBPNZD 5 minute chart. Firstly, I want to point out that the trend was down here as noted by the red coral moving average AND also notice lower succession of the highs and even lower lows. I entered short at the vertical red line because the candle had just turned red, we were at the top of the trendline (take note of these things!) and also the DSS had just been overbought and was telling me the up cycle was over and we were about to head down. My stop loss was near the recent last swing high (40-50 pips) therefore this was my first target, or it would not be worth the risk. This happened to be the last swing low so at that level I did take off half my position. i took off another quarter of my position about 80 pips in the money and then took off the rest as price moved back up and the DSS turned green for one dot. One thing I want to note here is the purple lines are my areas where I exited the trade. Also, please note after this hard sell, price moved back up to where? The top of the white trendline channel! after hard sell offs this is a very common reversal area. I was VERY tempted to keep the position on for more selling which as we can see happened (another 200 pips) but I did have to head to church to get some things done so i just closed it all and took my 1:1 on half the trade and about 1.7:1 on the other half of the trade. Also notice on that swing up to the top of the movin average tunnel the THV did not turn green but rather stayed red. This is a sure indicator of poor momentum and another swing down is very likely Any questions please let me know.

1. Red Coral MA
2. Red HA candle
3. Red THV
4. Red DSS dot
5. At the top of the trendline

Please note that these indicators do NOT repaint!

Also something to note here is we did have a bit of hidden divergence on the DSS. (Lower swing highs and equal or higher dots on the DSS) If you do not understand hidden divergence PLEASE google it as i do use it pretty heavily and it will greatly increase your performance!!

If someone can tell me how to find indicators with the new MT4 build I will gladly post them here. I cant seem to figure out how to locate them on my hard drive.

I finally figured out how to do this so here are the indicators:

Open your MT4 terminal, click File>Open Data Folder this is where you find your Indicators EAs and scripts, in this folder structure inside MQL4\Indicators MQL4\Experts and MQL4\Scripts

Thank you. Excited to see and very promising.

i'm just testing.
hit BE+20

Here is a quick 15 minute trade on the 5m time frame. I took this morning for a 1:1. First of all, notice the very powerful downtrend. I really dont need to talk much about this because anyone can see what is going on here. You will notice the red vertical line. This is where we had a sell signal.
1. Red candle
2. Red THV
3. Red DSS
4. Red Coral MA

I want to discuss a little more in depth analysis of this because that is really why I got in. Yes, everything lined up with the system rules but theres so much more to this. Notice my entry line at .7505; you will notice price came down once and then bounced up to the thick red line. Price then came down a second time to this level and bounced again, this time not as much. The third time price came down is when we got our signal. This succession of lower highs and relatively equal lows is called a descending triangle! A very powerful pattern. (google this if you dont understand what it is) For this reason when I saw everything go red again I was pretty confident we were looking at a nice breakdown in price. My Support 3 level was still a ways away so I assumed that to be a great take profit level. That is why I took profits there rather than wait for the DSS to turn back green.

tradingeasy, i have loaded your template but the "THV" indicators does not load on my mt4, rest all indicators are loading... i am using ironfx mt4 build 765... i checked THV indicators on new chart but they do not load... its applied to chart, but nothing is show... for both thv indicators... can u pls help...

Try one of these downloads:




They are slightly different but they wont really effect the overall performance.

thanks, both of these are working... but THV Coral is not working, can u post working one of that too?

thanks again.

you need THV T3 Trix the THV MTF indicator need it to work.

1. Hey what is name of that indicator basen on the moving average? Do not load for me ;( I dont have it on chart but all others OK.



2. Is that a correct entry?

That's the THV coral, I believe...

if you jump over to the thv thread there are several downloads of it and you can borrow it from there

That is the coral and that is a correct entry. I normally do not jump into trades that have moved that far on the entry candle tho. Makes the risk to reward a little difficult.

Thats rather strange. I would hop over to a new broker and get a demo and just watch your charts from there. Im not sure why they arent working.

one of these should work

Here is the first trade from today. This was a fantastic picture perfect set up for the cadjpy. I did like this because price came back to the last level of support which is highlighted by the blue line. Also, we were near the coral moving average with new highs being made. A very strong uptrend in place here. The entry came as price confirmed a green candle, green thv, green dss. The exit came when the dss turned red. Something I want to note here is in a case like this where price was racing higher beyond the moving average channel, almost in every case the first pullback to the lower channel line in an uptrend will see a continuation bounce. We saw this on the gbpnzd earlier this week as well. It is often prudent to keep part of the position open as a runner in the even this does happen. Had you kept it open you would have seen an additional move of 40 pips, more than doubling your reward! Nonetheless you should have had a 1:1 reward to risk. I tend to put my stop loss at the last swing low or 2 grid bars, whatever makes you feel more comfortable. ALSO NOTICE THE DIVERGENCE on thv! The low we received the buy signal on was equal to the last low but thv was MUCH lower, indicating an oversold status and likely bounce. This is hidden divergence which I love to trade! There was also hidden divergence on the DSS.

Another trade during the USA session today for a 75 pip reward with only 30 pips of risk. The DSS told you exactly when to get in and when to get out of this trade! Why did I like this trade so much? First of all notice the candles. they were all red then all green and then switched back to a red one. Please note when you see this you are looking at a very structured market and the likelyhood your trade works out is much higher! I do recommend trading these types of markets and staying away from markets where you are seeing the candles go red green red green red green...that indicates lots of indecision!!! Anyways, this was a great trade because you had price falling off of major resistance. This being the red coral AND the blue trendline! Also notice the hidden divergence on the dss and thv! When price was equal to the last swing high and thv and dss were higher this indicates and overbought nature and a "hidden divergence" very powerful set up. As soon as DSS, THV and the candle turned red you had a sell, with the stop loss being just above the recent high or 2 grid bars away; in this case it was the same spot. DSS said to take profits at 75 pips. Also notice my note that mentions the continuation move down after the first hit of the upper moving average channel. Without fail it seems, after a hard sell you will see price hit the upper line (on the first hit) and price will continue to fail as it did here.

Coral doesn't work for me too....