Well, usually I don't use M5 tf. Because give small range so few pips (because spread )

But this is MM so,

in strategy is right but in mm depend

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- Joined Oct 2012 | Status: Member | 2,503 Posts

Well, usually I don't use M5 tf. Because give small range so few pips (because spread )

But this is MM so,

in strategy is right but in mm depend

- Joined Jun 2008 | Status: Member | 571 Posts

I seem the best trades are when

(PREVIOUS FRACTAL LOW - STOP) < (FRACTAL HIGH - PREVIOUS FRACTAL LOW) for long tardes, where

PREVIOUS FRACTAL LOW = entry price

FRACTAL HIGH = target price

(STOP - PREVIOUS FRACTAL HIGH) < (PREVIOUS FRACTAL HIGH - FRACTAL LOW) for short tardes, where

FRACTALS calculated with ZIG ZAG indicator

(PREVIOUS FRACTAL LOW - STOP) < (FRACTAL HIGH - PREVIOUS FRACTAL LOW) for long tardes, where

PREVIOUS FRACTAL LOW = entry price

FRACTAL HIGH = target price

(STOP - PREVIOUS FRACTAL HIGH) < (PREVIOUS FRACTAL HIGH - FRACTAL LOW) for short tardes, where

PREVIOUS FRACTAL HIGH = entry price

FRACTAL LOW = target price

FRACTALS calculated with ZIG ZAG indicator

- Joined Oct 2012 | Status: Member | 2,503 Posts

This approach could be a good filter....example on UsaInd 1H: decreasing volume in uptrend (CV: cumulative volume leg, MV: mean volume leg), break prev HH, TP reached

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PriceVolume.pdf 330 KB | 95 downloads

- Joined Oct 2012 | Status: Member | 2,503 Posts