Trading log 1M Scalping London Session 10% minimum per day ROI

Hi All I will be keeping my trading log here I have been testing a 1M Scalping system The idea is to make 10% Return on Investment per day.

It is a high risk and high reward system, the starting deposit will be $1000 the lot size 0.5 Lots per trade. No Martingale, no hedging.

The idea behind this system is two fold

1. Get more entries
2. Better in ranging markets

1M Chart, uses MACD, CCI Histogram, Moving Average 60 LWMA and 300 LWMA also two custom indicators which just show the higher time-frame 5m and 15M, just so I don’t need to keep switching time-frame.

First Day 3 trades so far I did 0.01 and 0.5 but I should be doing 0.5
Deposit is 1000 USD and Lot size is 0.5 the (0.01 trades I forget to change the lot size on)
The Idea is to scalp the entire London Session

THIS IS ON DEMO ACCOUNT FOR THE NEXT FOUR WEEKS - I will continue to use my previous system on the live which i will not log here. This log is for the new system.

Today's Summary

Very range bound day so far today i got one trade only.
Made 13.1 pips
It did push higher (very slowly) but I closed at resistance.

Today's results

Lots of fun today, better to read the image text to understand what has been done here

This is Thursdays Chart

Another Range bound session London Open was down gave good sell trades and then it reversed up
Did 6 trades 43.1 pips total and a profit of $249.20

Summary to date

It was a sell day today, I failed to let my trades run due to 4 hour support did ok but could have done better on such a trending session.
Made 13.7 Pips Net Profit of $85

Summary

Really good day today made 44.7 pips net $233.50 Profit
Only one loss trade I took a chance but it failed so I closed and opened sell trade which spiked to my TP line.
The price is jumpy today due to political news surrounding Brexit. I will stop now and take my winnings

Great results. What is the drawdown?

About 10 pips this is based on 1m Scalping so opposite signals come pretty quickly

Two trades today I did not put the sells due due to a 15 Trendline the price bounced up after a 13.2 pip drawdown and then I opened a second trade.
Both trades hit TP which was set to an 15M Trendline did 41.8 pips $209 Profit

My opinion so far:

System 2 delivered better results and less risk due to me taking smaller trades as compared to system 1.

I feel this is an important point my last trade on System 1 was 2 lots and my maximum on system 2 has been 0.5 lot (I will confirm that I do open two trades on system 2 when I feel I have a more confident setup which is fine) Even with two trades open the max lots size is 1 lot which is half of what was doing on system 1.

System 2 is the clear winner, more trades, more pips, smaller lot size, did a higher ROI in just 8 days compared to system 1 12 days, great in ranging markets.

Range Bound Session today with a down trend. I did 4 Sells and 1 Buy made 48.5 pips with a Profit of $242.50 lots size is 0.5

FYI - One of the trades I did a double sell

From now I will be testing this system of ultra fast scalping

On the chart we have two moving averages 60 LWMA (Purple line) 20 EMA dotted line Also I have custom Arrows indicators which is based on moving average also.
I have marked on the chart the entries that would have been valid today It would have given 12 Entries during the London Session and 3 more into the start of the usa session the most would be about 6 pips with some being 20 pips

This will be tested for the next week.

Wow I am so glad i did not let my trades run today. The GBP is a mess and jumping when the wind changes

I did only 4 trades making a huge 75.3 Pips at 0.5 lots that’s a profit of $376.50

I was expecting more trades than 4 but I did not expect the double trades I opened to run 31 pips. Up until then i had done one 2 trades making about 12.5 pips on a crazy news day

Another crazy day on GBPUSD

Lots of trades in the end 145.9 pips and a profit of $630

I have now refined the system to only enter a buy when the 20 EMA is above the 60 LWMA and sell when its bellow

Also it is important to wait for the price to candle to bounce of 60 LWMA or 20 EMA Ideally i want Arrows but with today’s huge move the sell arrows did not come for ages so i entered trades on the price bounces of the 20 EMA and 60 LWMA.

Difficult day with lots of spikes but a good result.

rekt ?