M5 USDJPY Scalping System in 3 steps | Forex Factory

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M5 USDJPY Scalping System in 3 steps

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  • Were you able to easily follow this sytem?
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  • #1
  • First Post: Edited 2:30pm Jan 10, 2018 11:56am | Edited 2:30pm
A few weeks ago I started a thread asking for coding help. I promised to reveal my 75% win system for scalping the USDJPY pair.
https://www.forexfactory.com/showthread.php?t=722668
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 238 KB


Today I am going to reveal this system which has proven to be consistent and easy to follow. How did I come up with this system? Long story short, I was trading using supply and demand zones which I believe is a good system, however, I wanted to make the system more objective. I find zones are subjective and although they work I know round numbers are objective and easier to follow when trading.

Attached Image (click to enlarge)
Click to Enlarge Name: M5-USDJPY-Scalping-System-001.jpg Size: 535 KB
Attached Image (click to enlarge)
Click to Enlarge Name: M5-USDJPY-Scalping-System-002.jpg Size: 820 KB
Attached File(s)
File Type: tpl USDJPY M5 SCALPING MF.tpl   210 KB | 2,236 downloads
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  • #2
  • Jan 10, 2018 12:07pm Jan 10, 2018 12:07pm
As you can see this is easy to follow. Some fellow traders have told me to turn this into an EA. I enjoy trading this on manual and am happy trading it. Remember with practice it will be easier and youll get better results. If you risk 2% in each trade you will easily accomplish 5% account growth daily as this system give around 10 trades each day.

I hope you can make a lot of pips with this system, read it a few times so you understand it completely.

If someone is interested in developing an EA out of it please contact me so we can work and build it for the community.

t.me/kendrew
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  • #3
  • Jan 10, 2018 12:21pm Jan 10, 2018 12:21pm
Quoting Fxmd
A few weeks ago I started a thread asking for coding help. I promised to reveal my 75% win system for scalping the USDJPY pair. https://www.forexfactory.com/showthread.php?t=722668 {image} Today I am going to reveal this system which has proven to be consistent and easy to follow. How did I come up with this system? Long story short, I was trading using supply and demand zones which I believe is a good system, however, I wanted to make the system more objective. I find zones are subjective and although they work I know round numbers are...
Thanks Fxmd!
But I would like to understand why you not in at the latest long 000-level on an uptrend. Can you explain?
  • #4
  • Jan 10, 2018 12:24pm Jan 10, 2018 12:24pm
Quoting kofix11
{quote} Thanks Fxmd! But I would like to understand why you not in at the latest long 000-level on an uptrend. Can you explain?
Sorry I dont understand your question, can you explain the trend part?

Please ask your questions. Ill be pleased to help. I will be online at least 1 hour a day to answer.
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  • #5
  • Jan 10, 2018 12:48pm Jan 10, 2018 12:48pm
Here are the indicators
Attached File(s)
File Type: mq4 HorizontalLinesIndicator MILLIONAIRESFACTORY.mq4   3 KB | 2,390 downloads
File Type: ex4 PZ_TradePadEAMILLIONAIRESFACTORY.ex4   731 KB | 2,228 downloads
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  • #6
  • Jan 10, 2018 2:01pm Jan 10, 2018 2:01pm
Quoting Fxmd
A few weeks ago I started a thread asking for coding help. I promised to reveal my 75% win system for scalping the USDJPY pair. https://www.forexfactory.com/showthread.php?t=722668 {image} Today I am going to reveal this system which has proven to be consistent and easy to follow. How did I come up with this system? Long story short, I was trading using supply and demand zones which I believe is a good system, however, I wanted to make the system more objective. I find zones are subjective and although they work I know round numbers are...
Thank you for your strategy. How you determine which entries you take? For example on your first picture you took at first only longs. Than the last trade was a sell. Why you not took all the other trades, which would have been a loss?
  • #7
  • Jan 10, 2018 2:08pm Jan 10, 2018 2:08pm
Quoting kleybenny
{quote} Thank you for your strategy. How you determine which entries you take? For example on your first picture you took at first only longs. Than the last trade was a sell. Why you not took all the other trades, which would have been a loss?
What all other trades? You can only have 1 trade open at any single time. Is that what you mean?
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  • #8
  • Jan 10, 2018 2:15pm Jan 10, 2018 2:15pm
Quoting Fxmd
{quote} What all other trades? You can only have 1 trade open at any single time. Is that what you mean?
But in the picture with your trading examples the last two trades are buy and sell at the same time. 2 trades.
  • #9
  • Jan 10, 2018 2:16pm Jan 10, 2018 2:16pm
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20180110-211533.jpg Size: 447 KB
  • #10
  • Jan 10, 2018 2:17pm Jan 10, 2018 2:17pm
Quoting kleybenny
{quote} But in the picture with your trading examples the last two trades are buy and sell at the same time. 2 trades.
No its not, the first candle which was bullish was the CS that hit TP for previous buy. After that there was a bear CS which was the sell signal.
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  • #11
  • Jan 10, 2018 2:19pm Jan 10, 2018 2:19pm
Quoting Fxmd
{quote} No its not, the first candle which was bullish was the CS that hit TP for previous buy. After that there was a bear CS which was the sell signal.
So, the candle which hits take profit can't be a signal candle? Is that what you want to say?
  • #12
  • Jan 10, 2018 2:21pm Jan 10, 2018 2:21pm
Why only usd jpy?
  • #13
  • Jan 10, 2018 2:28pm Jan 10, 2018 2:28pm
Quoting kleybenny
{quote} So, the candle which hits take profit can't be a signal candle? Is that what you want to say?
Thats exactly right
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  • #14
  • Jan 10, 2018 2:29pm Jan 10, 2018 2:29pm
Quoting Joseph95
Why only usd jpy?
Its what works for me.
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  • #15
  • Jan 10, 2018 2:49pm Jan 10, 2018 2:49pm
I loaded the indicator (horizontal lines) unto a tradersway demo and do not get the round numbers:
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY5MIN.PNG Size: 29 KB
  • #16
  • Jan 10, 2018 3:33pm Jan 10, 2018 3:33pm
What do you mean, you draw price channels to follow along the price?
  • #17
  • Jan 10, 2018 7:44pm Jan 10, 2018 7:44pm
Quoting kaiser soze
I loaded the indicator (horizontal lines) unto a tradersway demo and do not get the round numbers: {image}
Apply the template provided
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  • #18
  • Jan 10, 2018 7:45pm Jan 10, 2018 7:45pm
Quoting kleybenny
What do you mean, you draw price channels to follow along the price?
Trendlines
Attached Image (click to enlarge)
Click to Enlarge Name: Three-Types-of-Price-Channels.png Size: 20 KB
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  • #19
  • Jan 10, 2018 10:02pm Jan 10, 2018 10:02pm
You might be interested in this variant for your 00 lines levels and even have your levels showing in the chart:
Got those from the thread "As simple as possible: 00 level trading"
Attached File(s)
File Type: ex4 SweetSpotsGOLD_TRO_MODIFIED_VERSION.ex4   13 KB | 755 downloads
File Type: mq4 SweetSpotsGOLD_TRO_MODIFIED_VERSION.mq4   6 KB | 893 downloads
  • #20
  • Jan 10, 2018 10:50pm Jan 10, 2018 10:50pm
Quoting jpdlegault
You might be interested in this variant for your 00 lines levels and even have your levels showing in the chart: Got those from the thread "As simple as possible: 00 level trading" {file} {file}
no, clean it up
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