although one indicator I would add is the stochastic oscillator ((I am very sure that it will be useful and if you start trading at night, then there is more) it is useful to know where the overbought and oversold
I agree 100%. At first I worked on M1 M5. The depot can be increased decently. But the disadvantages are the level of time spent, and it is psychologically difficult to survive all the jumps in the market. So itching to close with a couple of cents or close to minus. Therefore, I switched to strategies with a large timeframe. I advise everyone to work with an hour time. Well, or at least - with 30 minutes.
And I worked on the hourly and 30-minute chart, and I think on the contrary, to do pips, because you can earn more on pips a day, and the second point is that I just can't just not trade, make a deal and then wait, not for me. Although as far as I know scalping, it's not so easy.
I tried to trade on M1 and M5 but it didn't work out. Only lost the Deposit, and immediately refused, although the Deposit is small I would like to spin it faster, who knows, maybe just a strategy of bullshit got caught. If it is not difficult to tell someone something worthwhile. You can try again! thank you so much for your help!
please tell us what indicators you used in this case?I recommend that you try the arrow indicator-to do this, you need to install it on the chart and wait for the arrows to appear at the desired time interval.this is possible on M1 M5 M15.
Very strong emotional load . But I can recommend the strategy "Victory" to find it in poiskovik is not difficult. The bottom line is simple, determine the trend nreoblodayuschee movement on higher timeframes , and then wait for the overbought on M5, and only then go to the working timeframe M1 well, and also wait for a rollback . And the best way is to spread out 4 timeframes on the screen with a mosaic and adjust the templates for yourself.
I believe it. I tried 3 days to play on the demo pipsovka on the M5. I entered on micro-rolls, I did not put a stop loss (at first I tried, but the small ones are demolished, and the big one will negate the work of the whole day), take profit of 3 or 5 points. I did 20 trades a day and all with a profit, 3 times, one a day, it happened that the price went by 30-40 points in the negative, I did not do anything, just turned off the computer-come what may, but in the morning by the opening of London, transactions were closed with a profit. I gave it up because I wouldn't risk working like this in real life. Because no any any system, it is not clear how to put stop loss just put his touches and not put everything in the Christmas tree, but it's good on the demo and on the real I do not want to risk it all depot. And also - I didn't use any indicators, focused only on changing the color of the candle at the end of the wave.
In my opinion, it is not a bad system, but only on the M5 you can work? The Euro buck behaves well, the pound buck has a lot of false signals. According to the indicators of the system, it is not ice to go out, you need some more turkeys or analyze on the older TF by P/S levels. What is the name of the vehicle? I would like to learn more about it.
I really like scalping with the zerolandstohastic indicator. Best results in one to five minutes. In addition to it, install EMA55. If EMA is going up - buy on dips when the price crosses EMA from below and the Turkey blue crosses the red from bottom to top. Sell on the upswings, when the EMA goes down and the price crosses from the top. Open in the direction of the stochastic red line movement. We exit the trade when the blue line changes and the price crosses the EMA in the opposite direction.
On low timeframes, trading on indicators is not a very rewarding activity. The indicators start working tolerably well starting from H1. I believe that on low timeframes, you can work exclusively on support and resistance levels, as well as take into account the trend and flat. But if there is a trend, what is the point of scalping?
I don't know why, but I have the impression that long-term and medium-term trading is much more difficult than PIP trading. I don't know much about it yet. I'm just starting to get really familiar with Forex. It just seems to me that Pipsing is very simple and quite convenient. 2-3 hours a day, enough to make 10% of the depot and enough. Well, of course, when I have a large amount on Deposit (if this happens), then I will definitely not pips. And when the account is 100 dollars, it is not so difficult to make 5-10% per day.
Try the strategy "victory" for M1 and M5, very good signals Yes, the whole strategy is thought out, the whole method of work is clear, there is a clear signal to enter and exit! Scalping is tempting, but it is safer to trade from H4.
On the M 1 timeframe, you should not trade at all - it's complete nonsense; on the m 5 timeframe, it makes sense - try setting up the masd indicator (5, 13. 1) and determining the diver, open orders, two trades are stable during the day, do not put a stop, take from 20 PP of the pound/dollar pair.
On M1 and M5 trading is quite simple the main thing is to enter the market on time and set a stop loss and take profit otherwise nothing will happen . Waiting for the M1 flat put the lines on top and bottom of the flat when the price is fixed above one line then open a deal . If the price is fixed above the upper border of the flat then open the deal on buy and if on the lower line then on the village and set a stop loss of 10 points take profit of 20 points and switch to M5 and wait for profit .
a very interesting method, I want to try, I think the most important thing is still money management , and then everything else, I raspalagayu small, even a small account of 50 dollars saw a man overclocked it to 1500 dollars on a five-minute timeframe, maybe he certainly lied but I'm also trying to do nothing yet.
you can earn even more on the M1 and M5 timeframes than on the larger ones . here the main thing is compliance with MM and quick response. But such timeframes are for those who can afford to spend a very long time at the computer , and can make transactions without unnecessary emotions .
There's more to think about. But the reaction to making a decision plays a big role. I once even wrote a script in order to open an order at the right price, with one click, and the message "the Price has changed" did not pop up, but the MT4 terminal does not stand still, and I added this function myself. It's called one-click trading. For a scalper, a very necessary thing.
There are various options that do not give a bad result, but you need patience and compliance with the rules of entry and exit. View such as: Zoomer Pro, super-signals-channel, Genesis, LSMA-Channel, Math-System-Trader, NB-channel. the joint work of the second+fourth+sixth gives good results. And Genesis itself is interesting, but with strict compliance with the rules.