hi guys and girls i am a scalper trading from 1 min chart i am going to give a system that make money for me.it may be not work for you.i am not responsible for any loss or win
Thank you for your system.
The idea of using stochastic for entry + Moving average for trend filter is very stable.
My old system using 2 Ema to define trend. When price going to middle of 2 MAs for testing, then come back the to main trend, I will make buy or sell.
but this system is not good enough.
I applied the stochastic entry as your idea. It make my trading become more accurate.
Like this picture chart M5 of EURUSD, with 2 conditions: Moving average and Stochastic, I got 4 valid entry with profit scalping at least 15-20 pips/entry.
I will practice this system more to get deep understand of it.
Well done. Very good strategy. I have practice this for a while and I think RSI should be use as a way to filter bad trades. Because sometime, when I follow the rules but enter at the end of the trend and lose even with 2-3 pips take profit. So can you give me an idea to filter or trade those( this is in London hours)
