MTF Vajioo Scalping System

RUBBISH

Sorry here is attachment...

can you tell me what pair you use for this system ?

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Forex swing trading tips

Hi there Vip,

Your idea is interesting, can you share the indicator with us?

Thanks mate ...

Place on M1 chart. Select Edit > Time Frame = 15.

Thank you Plind .....

I shall try it out and see what I can do ....

Try it this morning on gu four trades in 1 1/4 hours with four wins lets hope it continues!

What are you using for take profit?

Five pips

You have to use low spread pairs, E/U is best suited to this system.

The good thing about this system is in a trending market... works excellent.

Take profit... this is up for discussion, I have not investigated too much into this... this is sort of working progress... but at the moment... not had time to trade this system, busy at work.

Ok here is an example:

A. 15 min candle closed above previous 15 min - trigger
B. Now look... 1 min candle, closed below the low of the previous 15 min candle... so we do not enter a trade in this candle 15 min time frame, as we have broke the low of the previous 15 mins, it could go down.
C. Sorry C should be third arrow - Next 15 min candle creates new high and closes above previous 15 min candle - trigger
D. 1 min candle breaks above previous 1 min low - enter.

Ok...

First Arrow
15 candle closes below previous 15 min candle - trigger

Second Arrow
1 min candle closes below previous high, looks good... but look what happens.

So you see I am not looking for the prefect system... but there are times when this whipsaws a bit or when the market is ranging - then this system there a losses.

So it's about W/R ratio, MM, etc... but I have not had too much time to spend on this system, but looks promising, it is a scalping system... but there are some great winners when the market moves.

Regards,
Vip

This is a quick one, I have not looked at this in detail:

First Arrow - Loss
Second Arrow - Loss
Third Arrow - Winner

As I say - not looking for the holy grail - but looking to minimise losses - I think we have something good here - but I need some input and helps from others - not looking to add too many indicators - want to try and keep it simple.

Regards,
Vip

Hallo all guys here ....
Why you are not using two time frame, side by side.
Timeframe M15 on the left, and timeframe M1 on the right ?

You can do that... whatever is suitable for you.

Regards,
Vip