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Scalping System by Machine

  • #41
  • Edited 7:26pm Jun 23, 2024 6:54pm | Edited 7:26pm
Opportunities after a break of structure...

The system captures the beginning of short trends very nicely..

In this example, the red boxes indicate efficient times to trade; after a major bearish break of structure and when price is below the 20 ema...then you just stay disciplined and alert..
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  • #42
  • Jun 23, 2024 8:32pm Jun 23, 2024 8:32pm
BOS on EJ
  • #43
  • Jun 23, 2024 9:57pm Jun 23, 2024 9:57pm
Quoting MachineLearn
BOS on EJ
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  • #44
  • Jun 24, 2024 6:07am Jun 24, 2024 6:07am
not enough Atr for most the market

this setup is not in a bearish breakout phase but watching

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  • #45
  • Jun 24, 2024 6:26am Jun 24, 2024 6:26am
Done
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  • #46
  • Jun 24, 2024 6:31am Jun 24, 2024 6:31am
Done
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  • #47
  • Jun 24, 2024 7:28am Jun 24, 2024 7:28am
Setup

Not in Bear BP
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  • #48
  • Jun 24, 2024 7:35am Jun 24, 2024 7:35am
this may be of interest to you:

Inserted Video
  • #49
  • Jun 24, 2024 7:39am Jun 24, 2024 7:39am
There’s so many setups happening it’s hard to keep up

Done
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  • #50
  • Jun 24, 2024 7:41am Jun 24, 2024 7:41am
Quoting MachineLearn
There’s so many setups happening it’s hard to keep up Done {image}
With so many opportunities in the market with this system , let’s try and choose the best setups possible. No reason to trade anything not in its appropriate breakout phase …

Also avoid large wick candles as this can imply some manipulation in the market. We have to make this as easy for us as possible
  • #51
  • Jun 24, 2024 7:48am Jun 24, 2024 7:48am
Done
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  • #52
  • Jun 24, 2024 8:11am Jun 24, 2024 8:11am
ATR
20EMA
Bull BP
75%
> Volume
Color change
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  • #53
  • Jun 24, 2024 9:07am Jun 24, 2024 9:07am
Quoting MachineLearn
ATR 20EMA Bull BP 75% > Volume Color change

Also "very nice example."

This is looking like a great little method: thanks for posting it.
  • #54
  • Jun 24, 2024 9:11am Jun 24, 2024 9:11am
Quoting KarlKraus
{quote} Also "very nice example." This is looking like a great little method: thanks for posting it.
No problem! Happy scalping
  • #55
  • Jun 24, 2024 9:22am Jun 24, 2024 9:22am
Hello MachineLearn,

Firstly, I would like to thank you for your generosity in sharing the strategy.
I am also a subscriber to the M5 Scalping Strategy (S&D|FVG) topic. Objective and clear, very valuable.
Regarding the Scalping System strategy, I am having difficulty locating the candle that matches the criteria "Setup bar must be a strong bar, closing within 75% of its range".
Could you define or draw which range the candle matches?
I´m sorry about the english. I´m from Brazil.

Thank you.

Quoting MachineLearn
Done {image}
If I Change, the whole World changes!
  • #56
  • Jun 24, 2024 9:36am Jun 24, 2024 9:36am
Quoting Forex Girl
Hello MachineLearn, Firstly, I would like to thank you for your generosity in sharing the strategy. I am also a subscriber to the M5 Scalping Strategy (S&D|FVG) topic. Objective and clear, very valuable. Regarding the Scalping System strategy, I am having difficulty locating the candle that matches the criteria "Setup bar must be a strong bar, closing within 75% of its range". Could you define or draw which range the candle matches? I´m sorry about the english. I´m from Brazil. Thank you. {quote}

This just means for example for a green candle; The candle should close at the top of the candle. If the entire candle range including the the wicks from top to bottom is 100%, then the close of the candle shouldn’t be lower than 75% of the total range. Meaning it should close towards the top of the candle.


You could use a measuring tool, or do the simple math or use an indicator. Measure the candle and mark the 75% level and make sure the close is beyond that. Same thing for a short. If the total pips of the red bar it’s 10, than 7.5 of those pips should be above the close, meaning the close is towards the bottom of the entire range of the candle.
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  • #57
  • Jun 24, 2024 10:18am Jun 24, 2024 10:18am
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Just an opinion. Based on research
  • #58
  • Jun 24, 2024 10:18am Jun 24, 2024 10:18am
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Just an opinion. Based on research
  • #59
  • Jun 24, 2024 10:27am Jun 24, 2024 10:27am
Quoting MachineLearn
{quote} This just means for example for a green candle; The candle should close at the top of the candle. If the entire candle range including the the wicks from top to bottom is 100%, then the close of the candle shouldn’t be lower than 75% of the total range. Meaning it should close towards the top of the candle. You could use a measuring tool, or do the simple math or use an indicator. Measure the candle and mark the 75% level and make sure the close is beyond that. Same thing for a short. If the total pips of the red bar it’s 10, than 7.5 of...
I understood. It should close 75% of the movement of the candle itself (Range).
Thanks a lot.
If I Change, the whole World changes!
  • #60
  • Jun 24, 2024 10:38am Jun 24, 2024 10:38am
Quoting since80808
{image}
nice finds
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