Spotting the best entry point on M1

Hello guys,


I am testing a trading system by trying to trade inside the H1 candle
by spotting the best entry point on M1.

I do not trade upon H1 trend, I am only trading in the direction of the
H1 candle color. But I enter the trade when my indicators on M1 give
me a signal that goes in the same way of the H1 candle color.

I am using indicators like Rad-Walls (defaut value) and EMA 13 to spot
the trend on M1, along with a slow Stochastic(100,3,7) for longer trend;
a fast stochastic (24,7,6) to spot the best moment to enter the market.

I am also using SweetspotGold with which I can see if the market has suitable
range in the actual period to trade or not.

I made some good trades with this system. But my problem is that, I noticed
that not every H1 candle is tradable. My biggest problem is with the candles
which has indecision.

So I would appreciate some ideas to improve the entry point on M1 and to avoid trading indecision candle. Is there an indicator like a price trigger that I
can use on H1 that will give me signal on the best candles to trade on?

I am attaching an image of my MT4 screen. I would like to have feedback of
anyone who is interested to improve this system.


Regards,
Descaboy

I am sharing Rads-Walls indicator below

Hi,

Try adding a pivot or fib pivot indicator to your H1 chart. The area of indecision on the H1 chart above is right on a support line. You could use this to determine areas where price may stall or become indecisive for a time. Then you have to decide if you stay away until trend moves again or look for signals as price hits the lines.

Cheers.

Hi !

I suggest John Ehlers MAMA bands for M1 or M5, they are really good for scalping and finding entry points. As Frying wrote in the post above, try to use Pivot/Camarilla lines plus ATR as well.

VBR: Zabana

Thank you guys for your feeback. I will try your ideas.

Are you trying to trade M1 as the H1 is developing, or after the H1 candle closes?

Trade the break of a swing high or low on the M1 on the direction of the H1.

You could also wait for a consolidation or a stall at a swing low and just buy there with a tight stop. You'll have the probability of the trade going your way. Plus you'll have the edge of smart money management.