Hello traders,
Long time since I come here. Well, last week I was searching for a scalping strategy and I found thousand of them, then I thinked, why not create a simple strategy but with potencial of profits? Searching in the MT4 tools, I liked the DeMarker indicator, so I investigate who is Tom Demark and I didn't find much from him but the indicator looks great using it alone and in a high time frame.
Searching again, I find a video in youtube using MACD and DeMarker for trading and looks great too but I don't feel this works, after that, here in FF I found Samer1970 and looks like he created an indicator that looks good for trading and I decided combine this indicator whit demarker and looks great in visual backtesting and I make some trades in account and all winners.
I want to share with you guys to help me to test it and improve this strategy all together to make some money using it, maybe Samer can help us or a programmer can make an EA to fast backtesting, I'm not a scalper so if any of you are a great scalper maybe can suggest ideas to improve this strategy..... by the way here the rules and examples:
5 Minutes scalping
UPDATED (Demarker levels)
INDICATORS
Demarker (7 periods) levels 0.05, 0.95
Samer1970 indicator (attached) (250)
TIMEFRAME
5 minutes
I'm testing it in XM account Zero in very slow spread pairs like EURUSD, AUDUSD,AUDJPY etc.
BUY
Samer1970 indicator GREEN
DeM cross 0.1 and we enter until a GREEN candle appears, the indicator can be flat below 0.1 and we don't take the trade until a GREEN candle appears.
(If DeM cross 0.1 in GREEN candle, we take the trade in the next bar)
SELL
Samer1970 indicator RED
DeM cross 0.9 and we enter until a RED candle appears, the indicator can be flat above 0.9 and we don't take the trade until a RED candle appears.
(If DeM cross 0.9 in RED candle, we take the trade in the next bar)
This rules can be modificated to improve the strategy
TP: 5 pips
SL: 30 pips or leave the trade until Samer1970 indicator cross, or until US session over or you can put time for scalping and close all trades when your scalping time is over (this can be improved)
Here some trades from today, Only SELL:
AUDUSD
AUDJPY
And more sell examples of EURUSD
I use this strategy in Europe session and US session but maybe can works 24hrs, an EA can confirm this
Long time since I come here. Well, last week I was searching for a scalping strategy and I found thousand of them, then I thinked, why not create a simple strategy but with potencial of profits? Searching in the MT4 tools, I liked the DeMarker indicator, so I investigate who is Tom Demark and I didn't find much from him but the indicator looks great using it alone and in a high time frame.
Searching again, I find a video in youtube using MACD and DeMarker for trading and looks great too but I don't feel this works, after that, here in FF I found Samer1970 and looks like he created an indicator that looks good for trading and I decided combine this indicator whit demarker and looks great in visual backtesting and I make some trades in account and all winners.
I want to share with you guys to help me to test it and improve this strategy all together to make some money using it, maybe Samer can help us or a programmer can make an EA to fast backtesting, I'm not a scalper so if any of you are a great scalper maybe can suggest ideas to improve this strategy..... by the way here the rules and examples:
5 Minutes scalping
UPDATED (Demarker levels)
INDICATORS
Demarker (7 periods) levels 0.05, 0.95
Samer1970 indicator (attached) (250)
TIMEFRAME
5 minutes
I'm testing it in XM account Zero in very slow spread pairs like EURUSD, AUDUSD,AUDJPY etc.
BUY
Samer1970 indicator GREEN
DeM cross 0.1 and we enter until a GREEN candle appears, the indicator can be flat below 0.1 and we don't take the trade until a GREEN candle appears.
(If DeM cross 0.1 in GREEN candle, we take the trade in the next bar)
SELL
Samer1970 indicator RED
DeM cross 0.9 and we enter until a RED candle appears, the indicator can be flat above 0.9 and we don't take the trade until a RED candle appears.
(If DeM cross 0.9 in RED candle, we take the trade in the next bar)
This rules can be modificated to improve the strategy
TP: 5 pips
SL: 30 pips or leave the trade until Samer1970 indicator cross, or until US session over or you can put time for scalping and close all trades when your scalping time is over (this can be improved)
Here some trades from today, Only SELL:
AUDUSD
AUDJPY
And more sell examples of EURUSD
I use this strategy in Europe session and US session but maybe can works 24hrs, an EA can confirm this
