Hi all,
I was thinking of kind of a scalping strategy while having a look at charts and ticks. I figured, most of the time, when having a look at M1 charts, in times of high volatility (highly volatile pairs, London & NY sessions, Tue. through Thu.), ticks are all over the place: whether the price is ranging or trending, the price goes up and down quite a lot even when there is a certain drift to the random motion.
So my thought was, what if at the very beginning of each candle, we set a high lot-size order (direction should be based off a strategy, or maybe systematically always long or short, or maybe chosen at random), while setting a very small and "ghost*" TP of like 1 or 2 pips? And close to no SL. This would obviously be a super risky strategy but if it works enough so that you can cash-out profits regularly, this might be worth the shot. With specific market conditions where ticks are all over the place, I feel like this can maybe work?
I am totally new to scalping and all that, so I might be totally wrong, but I would like to know if you guys ever tried something similar, and if so, what were your experiences with it?
*ghost as in the TP is not explicitly set, to possibly avoid giving brokers information about the strategy.
Also, I thought of this idea when having a look at this video that seems quite unrealistic, although it made me curious:
Cheers,
m10021
I was thinking of kind of a scalping strategy while having a look at charts and ticks. I figured, most of the time, when having a look at M1 charts, in times of high volatility (highly volatile pairs, London & NY sessions, Tue. through Thu.), ticks are all over the place: whether the price is ranging or trending, the price goes up and down quite a lot even when there is a certain drift to the random motion.
So my thought was, what if at the very beginning of each candle, we set a high lot-size order (direction should be based off a strategy, or maybe systematically always long or short, or maybe chosen at random), while setting a very small and "ghost*" TP of like 1 or 2 pips? And close to no SL. This would obviously be a super risky strategy but if it works enough so that you can cash-out profits regularly, this might be worth the shot. With specific market conditions where ticks are all over the place, I feel like this can maybe work?
I am totally new to scalping and all that, so I might be totally wrong, but I would like to know if you guys ever tried something similar, and if so, what were your experiences with it?
*ghost as in the TP is not explicitly set, to possibly avoid giving brokers information about the strategy.
Also, I thought of this idea when having a look at this video that seems quite unrealistic, although it made me curious:
Inserted Video
Cheers,
m10021