It will look at the previous day's close.
1M & 5M Scalping System (Scalping Paradise) 21 replies
DislikedIt will look at the previous day's close.Ignored
DislikedYou are correct.
However, when I trade I am not only looking for the obvious profit but sustainment of my confidence levels and a stable comfort zone. My rules were defined around my style of trading. My style dictates that I let the profts run. This eliminates the introduction of second guessing into my mind which can result in tempestuous and whimsical trades and reductions in profits or even needless losses.
My weekly trading pattern is almost to the point where I can catch the trend and forget about staring at the screen until the Thursday or Friday timeline. Close the position on Friday and just say thanks...
DislikedLondon Open is 08:00. So I want to set Trade time direction to check direction of 08:00 close not day open.
Also, the EA places a trade at 00:00 ?? when I have set time 09:00 ??Ignored
DislikedRR, do you mean TK's Daily Scalping system? Have you found it's profitable without modifications? On which pairs, may I ask? Thanks.Ignored
DislikedWhat was your reasoning behind no longer using the weekly trading method?Ignored
DislikedThe daily scalping method is making me more money.Ignored
DislikedHa. That's a good reason.
Can I assume the weekly method does work too, but to a lesser extent? I'm only interested in getting +30 pips on the week for a currency pair so long as those 30 pips are equal to 2% of my account.Ignored
DislikedThat would defeat the purpose of this type of system. It has an edge built into it with the Break Out Style it offers.Ignored