Scalping strategy to finish the year strong

Daily chart with Envelopes


I see great opportunities here.

M1 scalping Using Cap Channel, EMA cross, and 100 SMAs.

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That stuff looks advanced
How long did it take to make?

Hi DaddyPL

Its really easy, and basic.

All indicators are free for mt4.

I still wonder how people lose money trading when its this easy. But I did it for years myself, so I get it.

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Give it a shot! Great thread to get involved in and @AmericanTrader is awesome for always answering questions.

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I know
But is that a custom indicator?

I tried making my strategy into an EA.
The function that outputs the price level where a fractal formed outputs some outrageously big number instead, so I gave up on that but I’m still learning :upside_down_face:

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One custom: the TicksSeparate volume
TicksSeparateVolume.ex4 (14.6 KB)
.

Non-custom:
Cap Channel - no change to settings.

Emas
Yellow - 7ema
Blues - one 25ema set to “high”. one set to “close”.

SMAs
Whites - one set to 100 “high” and one to 100 “low”.

The candle colors are from an indicator that shows if they are above the MACD zero line or below it. Its not needed really.

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We’re all still learning.

I believe many strategies work, if used properly.
I think the ones I use show a real good entry and exit point.

I hate to lose a trade. It ruins my day. So I try to make losing a rare thing. If I’m scalping, there can be some little losses if I’m using an SL. But almost always its making money before stopping.

If I’m on the D1 and Wk1, I don’t expect to lose. It does happen. It’s happened 4 times in the last 12 months. But when one loses, I’m usually still up for the day because of the other open trades.

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The indicator combination looks SICK. Maybe you should give it a name like Leviathan or something.

I’ve been learning a lot. It’s a ton of fun.

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This looks a lot of fun for tomorrow? :rofl:

That’s why I don’t put anything in the stock market anymore. Every year its a crash waiting to happen.

I can’t tell if the U.S. government actually wants it to happen, or if they are just incompetent beyond belief.

I’m left having to hope its just incompetence.

My CHF/Jpy long I’ve been holding on to is well into profit now.

Closed out: Total trade time 4 days (Late entry. Should have entered 9 days ago).

If you were scalping chf/jpy this morning you should have had 3 very good wins and 1 break even.

Gold going to 2700 by year end too. Look For GOLD To 2700 | Macro View - BeSomebodyFX it kind of shows you what a mess things are in?

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Buy stock in companies that make metal detectors and sluice boxes. :laughing:

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Today’s M5 Eur/Usd scalping.

Here’s what should have happened if trading while following the system:

65-70 pips, but it took all day.

M1 Scalping examples:

Practice moving SL to BE or a little profit when there is room, and if you want to go for TP2.