M5 SMA-Cross scalping

 

Hello dear traders,

Why using so many indicators and complex strategies, when only one indicator will do it's work ?

I trade GBP/USD on 5M TF, but this system works on all higher TF's as well.

Don't use it on 1M TF due to the spread (not profitable on the long run).

The Woodie CCI is as "read-only" but here you can see the low volatility

of the market. So don't trade when low volatility is going on.

You will see that during ranging periods, to many arrows will be drawn.

Clean up your chart by changing to an other TF and back.

Just to clean up if you like.

If you see in fact too many arrows on a short time, this is also an indication to
not trade in these periods !

During active markets,these too many arrows will not be generated.

Let me add the following remark :

This kind of trading can only profitable during very active market hours

and only when price is bouncing very often.

So in Asian market hours or when no price noise, don't use it !

To visualize ranging periodes, use ToR_1.20 indicator...

Attached :

Indicators - Template - Example (GIF)

PS. Can be applied on every pair, but keep the spread in mind !

Gilbert (Belgium)

Files:
 

This seems to be an interesting scalping system... how about the performance so far? Can you share some information regarding this ...

 

desander,

Could you pun alert sound/email when the 'Yellow Bar' appear on the CCI windows,

What are the rules to enter a position ?

thanks for the indicators and system,

it seem interesting

 

thank

 

This seems to be an interesting scalping system... why not altimate this to EA and how about the Result now? why not throw more light to rules of the Game

Thanks

 

Hello! The index is rewritten

 

can u tell me how to use this indicator more specific?? coz i don't seem to understand this method, like when to place an order and when to close it?? what the red line are for?? i just don't get it but i like to try it.. so plizz ek???

 

hello, could someone explain this method?, what is your take profit and stop loss? thanks

 

Seems like a crazy scalping system.. Did you try it on higher timeframes? I think the spreads alone will kill your account.

 

bump. i will test this. at first glance it seems too good to be true.

 

it looks to good to be tru cus the indicator with the arrows re paint!!! stop wastin your time with this i dont see the point of posting indicators that repaint

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