scalping system - m1 is possible

okay this system i develop because i hate to change timeframe...i will give you indicator
firstly all timeframe begin with m1 move...so if m1 didnt exist so h1 either
why scalping you can get rebate and quick profit.just make 0 pips and you get rebate
this sistem you can use in another timeframe and make more profit
i think all price move because break high or low before so i setting the MA like this
- ma smoothed,periode 2 apply to low
- ma smoothed,periode 2 apply to high

see the picture

okay so how to use it to open position its just simple make it shift 2 so it became like this

horaaay i got the open position..if break high buy if break low sell....

so i need some trend confirmation i input
- stohastic timeframe 5m in timeframe 1m periode 14
- and ma 20 smoothed apply close shift 0

okay done

now the rule :
see the trend in stoch timeframe 5 periode 14
if trend up
- buy if candle break above moving 2 high and break above ma 20
keep buy again repeat if the trend still up
if trend down
- sell if candle break below moving 2 low and break below ma 20
keep sell again repeat if trend still down

if trend change stoploss target 1-5 pip use broker with low spread or 5 digit


the stohastic that use another timeframe...change the timeframe you use in m5 so you dont have to change your chart

Hi Reizavm!
Thank you for sharing! Your system seems simple and efficient as far as I can judge.

Cannot get the stochastic to work, many errors. Can you upload a clean version.? Thanks

Total -1,67 according to the graph.

entry at break of high or low? close of bar? or close not needed?

Looks good. I'll try.

Just a few questions:
- TP?
- SL?
- I do not see the role of stoch. Do you assume buy when %k>%d and sell otherwise? Or %k greater than 50 (or other value)?

Best Regards,

gonso

Hi there, a very simple system. Clean and to the point. Could you share some more of your trading history? like how profitable is this system ? and how do you go about managing and closing a trade.

Thanks

Hi Reizamv,

Nice system, i tryed afew times, 1 loss and 3 wins its good and easy system need to develop moor, any way thanks for sharing it with us.
happy trade and god bless. cheers

An interesting take to be sure...

As it plays with a similar criteria to a couple of my other toys, I figured I would code this up and let it run...

Now, I have added in a trend definition and have modified the triggering to a 12 SMA moving channel, it will also cost average and is currently set to a double down until profit or will have a static $60 stop on all positions....over all, it ain't the worst I've seen...

The code is set to close on what would be an opposite trigger, with exception to not play against the trend. (I might have to adjust this)

So,
If short and the Stochs is Oversold, take exit on a price close above the upper 12 SMA.
If long and the Stochs is Overbought, take exit on a price close below the lower 12 SMA.

The result of NY to current...

Meh...will see how it cruises for the rest of the week...

Myfxbook Link ->HERE

Multiple pairs caught the trade...

Nice...

Quick stats on pairs traded and open trades.

EURAUD the Runaway!

The trade and logic...

Cable long trades closed in profit...short trades cost averaged.

Overall, cutting a small loss now would probably be a good idea...but fuck it...gunna let em run!!

Nice Catch on the Dragon short...

Another good trade for EURAUD...

A good take for GBPAUD as well...

Any system that finds 30-60 pips in a trade is damn decent in my books...

If you can find this on an M1...even better!

A decent couple of hours...

Wouldn't go all holy grail on this idea, but definitely well worth watching the week out...

Attached is a clean compile under MT4 Build 765. The variable "char" is a reserved variable under MT4 Build 600+. I simply changed the name to "Char" and recompiled.