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(binned for copyright infringement) Precizione Scalping Method

  • #21
  • Apr 4, 2020 8:13am Apr 4, 2020 8:13am
This week I've made a bit more than 50 trades in 5min time frame and 32 were winning, which resulted in success rate of about 64-65%. As indicated by Luciano results - this strategy seems to be working better on higher time frame, which makes sense, as there will be less market noise. Hence, my advice for everyone using the strategy - stick to higher time frames.

Good luck!
  • #22
  • Apr 4, 2020 9:46am Apr 4, 2020 9:46am
Thanks you for sharing, I tested the Master Scalper for 2019 but don't make any trades ( EU 15m). Can you pls help?
  • #23
  • Apr 4, 2020 9:57am Apr 4, 2020 9:57am
Precizione,
thanks for the method. Can you tell me what was your average winner and average looser (in pips or %) for those 50+ trades?

Cheers,
b.
  • #24
  • Apr 4, 2020 10:39am Apr 4, 2020 10:39am
Hello Bopuc,

My average winner was 7 pips and average loss was 9 pips. However I was using 1:1 risk to reward ratio. Luciano suggested using RR of at least 1:2 - will give it a shot next week and see how it goes.

Good luck!
  • #25
  • Apr 4, 2020 12:50pm Apr 4, 2020 12:50pm
Quoting Luciano26
I tested for 2 days, and in 30 attempts of 15m chart results are impressive : 24 Win, 6 Lose. Keep the strategy with default indicators, and i suggest to use 15m or 30m because it works great and results are 80% successful. Thanks for sharing, and i hope everyone is enjoying !!
Hello Luciano, congratulations to your success with strategy

Please, can you describe how you was setting SLs and TPs in your trades?

Thank you very much.
  • #26
  • Apr 4, 2020 5:04pm Apr 4, 2020 5:04pm
Was this a valid trade at end of the day for GU short..

And what are the lines on the main chart as don't see them on yours. They say they are from the RSI indi but thought would see them on the RSI itself.
Attached Image
  • #27
  • Apr 4, 2020 9:57pm Apr 4, 2020 9:57pm
well done Precizione (https://www.forexfactory.com/precizione)! Congratulation
This is very promised successful system
if you had MasterScalper indicator for MT5, can i have it, Thanks ?
  • #28
  • Apr 5, 2020 3:57am Apr 5, 2020 3:57am
Quoting sakultrader
{quote} Hello Luciano, congratulations to your success with strategy Please, can you describe how you was setting SLs and TPs in your trades? Thank you very much.

Hello, thanks
About TP and SL that depends on the person because everyone has different point of view in the market and different budget but me personally i use SL 30% and TP 70%, which means i trade to earn 70$ and i can afford to lose 30$ in a trade. Basically SL should be 1/3

Good luck and feel free to contact me anytime!!
  • #29
  • Apr 5, 2020 4:47am Apr 5, 2020 4:47am
Quoting EAforextrade
Was this a valid trade at end of the day for GU short.. And what are the lines on the main chart as don't see them on yours. They say they are from the RSI indi but thought would see them on the RSI itself. {image}
Definitely a valid sell trade:

  1. Bollinger Band pierced from below.
  2. RSI at 80.
  3. 50 EMA above the middle Bollinger Band.
  4. MasterScalper shows bright red colour.

Those lines on the main chart are divergences from RSI indicator. Here's my settings (will show divergence on indicator, not the main chart):

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 19 KB
  • #30
  • Apr 5, 2020 4:49am Apr 5, 2020 4:49am
Quoting havenoidea
well done Precizione (https://www.forexfactory.com/precizione)! Congratulation This is very promised successful system if you had MasterScalper indicator for MT5, can i have it, Thanks ?
Thank you! I'm glad you like the strategy.

Unfortunately there is no MasterScalper for MT5.
  • #31
  • Apr 5, 2020 4:51am Apr 5, 2020 4:51am
Quoting Dreamboy10
Thanks you for sharing, I tested the Master Scalper for 2019 but don't make any trades ( EU 15m). Can you pls help?
I can help - what do you need?
  • #32
  • Apr 5, 2020 5:00am Apr 5, 2020 5:00am
Quoting Precizione
{quote} Definitely a valid sell trade: Bollinger Band pierced from below. RSI at 80. 50 EMA above the middle Bollinger Band. MasterScalper shows bright red colour. Those lines on the main chart are divergences from RSI indicator. Here's my settings (will show divergence on indicator, not the main chart): {image}
That's what i thought but didnt see how to make them appear on the indicator thanks. Looks like a good method
  • #34
  • Apr 5, 2020 5:12am Apr 5, 2020 5:12am
Quoting sherecairo
Hidden
Looks very impressive - are you using a similar strategy?
  • #35
  • Apr 5, 2020 6:05am Apr 5, 2020 6:05am
Quoting Precizione
{quote} Looks very impressive - are you using a similar strategy?
Just seen this in another thread so looks to be spammer
  • #36
  • Apr 5, 2020 11:35am Apr 5, 2020 11:35am
Hi after many tests the first conclusion is: the MA is absolutely useless, at the reopening I continue the test in real.
  • #37
  • Edited 1:56pm Apr 5, 2020 1:43pm | Edited 1:56pm
Quoting Precizione
{quote} Definitely a valid sell trade: Bollinger Band pierced from below. RSI at 80. 50 EMA above the middle Bollinger Band. MasterScalper shows bright red colour. Those lines on the main chart are divergences from RSI indicator. Here's my settings (will show divergence on indicator, not the main chart): {image}
Sorted. Im not that experienced but looks like it works often even if the 50ema is above (long) or below(short):

e.g. This would've been a good long?

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 22 KB


Unless you mean the break of the BB (pierce) has to be that e.g. a pin bar type break into the BB?
  • #38
  • Apr 5, 2020 3:07pm Apr 5, 2020 3:07pm
Quoting EAforextrade
{quote} Sorted. Im not that experienced but looks like it works often even if the 50ema is above (long) or below(short): e.g. This would've been a good long? {image} Unless you mean the break of the BB (pierce) has to be that e.g. a pin bar type break into the BB?
The EMA being below/above the middle Bollinger Band is not an essential condition, it's more of a confirmation if we're going with the trend. This would have been a successful trade, but it's not a perfect entry, as the candle only touched the Bollinger Band and did not go through. In addition, 50EMA is above the mid band, therefore we're also going against the trend. However, RSI is deep in the oversold range and it also seems that the MasterScalper is bright green, which is good. There is no need for all the conditions to be satisfied, but the more of them are - the higher the probability of the trade being successful.
  • #39
  • Apr 5, 2020 4:12pm Apr 5, 2020 4:12pm
master scalper does more repainting than a painter and decorator, useless!
  • #40
  • Apr 5, 2020 5:19pm Apr 5, 2020 5:19pm
First scalp on this. Couldn't resist even though tho the 50ema wasnt perfect

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 22 KB
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