But if in this case, then Yes, although it is strange, if it does not suit, it is better to change it immediately, and then why do you need to trade it because you do not like it and so that the losses would be greater.
About a week tested the same system. Just not on minute charts, but simply based on the strength of the currency.
1) Watched in the morning, be sure to have already opened London
2) Before entering into a transaction, it is better to see if there is important news for a particular currency. What would the price in the middle of the day did not sharply change direction.
I had a very modest MM, low risks, resulting in low profits. But I came to the conclusion that the strength of the pair changes very quickly and it turns out that when it comes time to enter the market, we are trying to jump into the last pasture.
By the way, about night scalping=) I Noticed that for pairs like Euro/dollar, pound / dollar in the period from 22(23) to 00 (01) nights, the direction of night movement is formed, that is, it is weak in any case, but you can earn 10-15 points. That is, during this period, the price gradually and methodically decreases or increases, in the General direction.
It remains only the most important thing-to determine this most General direction ). After all, each timeframe has its own direction and if you open incorrectly, then you will sit half the night, cook. And since the movement will be barely, you will only have to sit for a couple of hours to understand whether you got up in the wrong direction or not. So this is a double-edged sword - in which case you will not even be able to turn over, because the course will barely crawl.
Thank you for the idea I will study)) I have a system that can give out signals where the pair will go before the news comes out. Works on M15, 5 minutes already more false signals, and 1 minute I think it's not worth trying)) The main thing to understand is that any entry into the market is a RISK! I have sometimes on the news stop losses do not work and (or) deferred Loki at the worst price! Here is a screenshot of the system for Friday!
This system on the Internet goes for years, where it just did not sculpt and options and Forex. Some said that it is for scalping, others said that it is a system for pyramiding, etc. But as practice shows, this system is absolutely useless in the long run.
maybe everyone has their own version of this system! Unfortunately, I don't have its source code-only the installation kit)) Long-term perspective - what is it for you? for me, 2 days is already a long time! This trading system on the timeframe of 5 minutes and 15 minutes shows itself quite well! I pointed out the growth of the Euro at night, for example!
I read all 7 pages from the first to the last letter. I am very surprised by the profit on this system. I have seen somewhere that the same signal is used for the pivot point, i.e. in the opposite direction. And I was sure that the minimum or maximum strength of currencies, as in stochastic, indicates that the reversal is about to happen. But on the author's statistics, I was convinced that the phrase "trend is your friend" confirms the author's inputs. But to be honest, the inputs on the chart look like something ridiculous, compared to those. analysis. But perhaps they will look much more correct if they are considered as the author does, that is, at the beginning of the trading session, traders choose the direction of price movement, and move it in this direction as far as possible!!! Of course, it would be worth refining it, determining the stop and profit levels, whether to transfer to the BU, whether to keep it for several days, if the trend and signals continue, in the same direction. But I understand that the author did not find like-minded people, and decided to continue testing outside of this forum. I have a question to which I have an unambiguous attitude, all indicators show history, including the indicator of currency strength, so I do not use them at all, for me the price is the most important indicator. So the question is: at a certain point in time, the indicator showed some value that for a trader means entering a trade, and after entering the indicator value changes as it wants, and the trader no longer does anything with the transaction, how so??? All systems are designed to close a trade on the reverse signal of the indicator. It turns out that the indicator gives a signal like a starting pistol shot for a Stayer, and he does not pay attention to the terrain on which he runs, ascent or descent, no matter. But since this is still not scalping, the "finish" is the end of the trading session. I also want to note one thing, I trade several pairs at once, that is, I can open from 5 to 15 trades at the same time, and this often gives a plus, because even if several pairs can close in the footsteps, others can give a good plus. Sometimes even 1 profitable trade overlapped 8 unprofitable ones. I think this is the strength of the author's approach to trading. And they are afraid that all transactions will close in - do not, this is likely not to happen, so the risk calculation can be reduced. As with any indicator, you can write an expert Advisor that allows you to quickly test the system on history. Unfortunately, the indicator doesn't work on the history.
I can't even imagine trading per minute!!!I got used to it and I think it's right that you can look at the market from 15 minutes.but this is my opinion.I myself trade at least 30 the analysis is good and the nerves are less
The same nonsense, even though I trade mostly within one day, but I don't even open the minute chart, as for me it makes absolutely no sense to look at it, even if you just scalpit, since the trend lines and resistance levels up to M15 at least have no special power. Although if as the author to minimize the schedule, it may make sense, although I do not see the difference between trading on this and on the M5
if you trade in pairs where the spread is large, then you probably won't see the difference in buying and selling.and the sense to trade in monoto?I don't understand!although if a person earns success and prosperity to the author.
I don't want to offend anyone, but some messages are ridiculous to read. "Experts" gathered here and argue whether it makes sense to trade on the minute chart or not, whether you can earn money there or not, etc. )))))
The world is not black and white and trading in particular, there is no good and evil, what is right or wrong... If there was only one correct approach to trading, then everyone would have mastered it long ago and would have gone millionaires at least...
If a person performs certain actions and these actions bring him profit, then he does everything correctly, especially if it happens regularly. And it doesn't matter on what timeframe he does it, he uses fundamental or technical analysis, uses indicators or trades a price session. The main thing is that what he does works and brings him money, and that's why we are here. We all came to trading for money, and not in search of the truth, the only correct approach, the only correct timeframe, etc.
It (the only correct approach to trading) is! It's just hard to believe! But you don't have to believe it! You just need to check it yourself! But this is exactly the main problem! To do this, you need to work hard! And very few people want this! Everyone wants a profit, right now, and without leaving the checkout!
The idea is interesting, but I'm afraid for a second there would be only slippage.
The point is that here everyone defends their point of view, and everyone proves that their method of trading is the true Grail that everyone is looking for. After all, it is in disputes that truth is generated. And so, you are right, everyone has the right to trade as you like, whether it is minutes or long-term.
It is better to respond to messages in a neutral way.
It is difficult to understand who expresses what and it is difficult to understand who wanted to Express what. Most often, the text does not correspond to the thoughts. Words are hard to Express an idea. It will take a long time to paint.
The minute chart for me has the same working trading system as the 5-minute, 15, 30, hour, day, week, month... Ticks tick on all charts at the same price. On Minutka more brisk movement and Minutka has its own trading interest. At any time on the minute there is a trend and a flat, at any time on the minute trends change and it is quite possible to trade using only a minute chart.
That's right, I saw a cool model for a minute, sold it, and BAM, the price went up and knocked down the stop. Then you sit there scratching your turnips, looking at the M15 and thinking that the trend is up, and waiting for the entrance to the top. And the price again BAM and drew the model down. Well, you think the trip to the top was false and again, go down! And the price immediately again herak and up, knocks the second stop. And the price is rushing up and rushing. Depending on how much money is lost on these two elks, the nerves may advise you to open a deal up with a longer stop. An hour later, Bang, and stop, but longer than the first two. Total lost on 3 stops for two hours. And profit lost for the whole of yesterday.