I have developed successfully scalping strategies
for the 60/30/15 minutes EUR/USD charts (1:1 risk/reward scalping strategies).
But because of the Spread I cannot find any winning strategies for the 1/5
Can anyone give a hint of what to think about for
1/5 minutes charts (using trailing stoploss, or swing trading instead)?
I try to
describe it with words instead of code…the problem is the ratio between the “Spread
/ Distance Price to Stopp Loss”.
Setup is based on indicators / price action and SL could be the lowest of the
two last bars
60 min chart:
This ratio is small enough to give me some winning setups
5 min chart:
This ratio is too big => no winning setups
Increase the distance between the price-SL (disadv. No “natural” SL)
Be more selective – take only trades with small enough ratio (disadv. Less trades)
Could you show some results you got from the tester for each case ?
With tight spreads no confusions are allowed when calculating stoploss levels (ask-bid specificities, commissions etc) whereas with ample stoplosses it's unnoticeable
I have successfully developed EUR / USD scaling strategies at 60/30/15 minutes (1: 1 risk / reward scalping strategies). But a cause of the spread I can not find a winning strategy for the 1/5 minute charts.
Can anyone dare a suggestion on what to think for 1/5 minute charts (final stop loss company or swing trading)?
Hi, what strategy do you use for 1/5 minutes? I heiken hashi and bands to boil and always present in front of the screen ..... you?
heiken hashi and bands to boil:Never tried it but will test it - do u have any ideas?
Right now I testing only "Price Action" combining with "Moving Averages".
I'm curious where did you learned those price action stuff. Would you mind explaining me or telling where to read?
Btw, if spread is the only issue you have, maybe you should look for another broker. Also, did you take into account the spread in your code? Is your actual broker fixed or variable spread?
I think those things should be taken into account to see if your strategy can be executed in lower timeframes.
I just read a lot of books / info - but hav no ONE best book to share.