Scalp System Used For High Time Frames

Hi Trader's !
I came across this High Frequency Scalping System which I use for the H4 & D1 time frames with great results.
I enjoy trading by price action and like to use EMA indicators, which this system seems to use with alarms.
Feel free to download and give it a run
The picture below is my first trade for this coming week.
Here I'm on the USDSGD D1 Chart for a SELL trade.

Ok tell us more about the system. It seems that your 2 target is equal to your stoploss 1:1 but if you left some of your position at target 1 your risk reward seems to be less then 1:1 ?

Best regards

Hi !
The system places the stop loss and targets on the charts, but I usually take the last high on a down trend.
I tried to disable the SL & Targets but you just need to disregard them.
Keep in mind it's a scalping system for the 5 Min chart, but I like to use it for higher time frames.
I do need to raise my stop on the actual trade, I'll do that when the markets open.
Cheers !

What makes you take a trade what are the conditions that need to be met for you to take a long position ? what makes you take profit and what makes you let it stop out for a loser ?

Best regards

When the markets opened this morning I did get stopped out, because my stop was too low....
I am SHORT on the EURUSD right now...

nice

Dear Bobhowson,

Thanks for your indicators and interesting method, according to your setup on RR ratio on 1:1, just study on excel this weekend, still have 10% loss after 100 trades,
Do you think can we have better RR ratio ? Attached please find the excel results

Best regards

I normally put my stop above the last HIGH on a Down Trend and BELOW the last LOW on the Up Trend.
I made a mistake on the image... and got stopped out when the market opened.

Dear Bobhowson,

Thanks for your advise, will follow closely

Best regards

Very interesting, could you please post more trades screenshots so i can follow along and show us how to identify false entries!

Thanks