very much appreciated bro, do more easy price action strategy videos like this these videos more worthier than indicators as many of them are lagging indicators we are unable to use them accurately love from india thank you ....
Tested on 5/15min chart, with 50ema and adx 45% win rate 5% max draw down 20% gain on account in 2 month risking just 1% per trade. All this results is within 64 trades not taking trade on trade
@@SoheilPKO nice experiment but too many stop outs. would have to use a wider stop in any volatility. Maybe it will work better on higher timeframes. This is on es. maybe it works betetr for forex as is. tried on oil too, stopped out fast.
And this is why i am a loyal subscriber!!! Indicators are cool but pure prize action is 🔥🔥🔥 You are freaking amazing....more contents on pure prize action boss👍
I'm giving this strategy a serious test over 1 Month, (300 Trades approx), in a Demo account. I'm 2 days into it & it looks hopeful - 11 Wins / 8 Losses, but, once I master it I'm fairly sure, on averages, this will work, (I'm guessing 60 / 40 Win ratio). It will not make you rich, (unless your positions are 50K or something), but with a few K per position at a 5X leverage.... you will make a living doing this! I'll update this comment in 28 days ..... Thank you.
But, with 1% strategy, which I used, the position closes before giving a chance to play out. In BTC I put it in 2%. In alt coin, I put it in 5%. I'm not saying that it gave me the desired result, but, it gave my position a chance to play out. What do you think?
@@SoheilPKO Don't you think our country person should learn about the crypto. They work it on a hear say. Some may make it in short term, but, they all lose it on the long! Maybe there is a way to educate them. As you are educating me.
backtest give random result. 25 losers(-25), 17 winners 1.5 (17*1.5= +25), result 0. tested eurusd 1 day 9:30 - 15:30. better result on 5 min and 15min timeframe. in one day 10 losers (-10), 11 winners (+16.5), total +6.5R.
@@allandecker yeah i backtested it too on gold bro are you using it rn ? I just found the strategy and will start direct on Monday maybe first on demo then my funded .. you got any tipps or something like that bro
@@matthiasmiller8036 I have created an indicator using this strategy I have tested it on ethusd and worked relatively well with a win rate of 66%. I only trade gold though so I will be implementing it on my gold demo from Monday for a week to see how it will perform.
How do you get all that in minute? For real when the candle breaks everything happens so quickly I can’t even draw the position and measure my pips to risk only 100$
If you feel this too fast , then take three 5min candle that is your 15mins candle. Try this it give less entry as well as less stop loss hit .@@ΚλεάνθηςΧοτζαλλι
Truly i accepted this strategy ,,, here in India i tested some crucial segaments mostly small morgin traders they are getting foold by arrogent movements that too if we try this strategy very useful and very helfull sir thankyou verymuch
@@SoheilPKO Thats okay, this strategy is PERFECT for binary options!!!! In fact proably the best strategy out of hundreds of videos, and believe me , I have seen alot of them
i have been back testing this!..very impressive so far!.. a question what if i wanted to this on a higher time frame like the 30M-4hr?..do i wait for the 5M candle to close? if so how many of them
This performs better on very short time frames. In case if you want to try it on higher time frames you should do the same method but different time frames, for example if you're 1H, consider 4H candles high and low.
@@SoheilPKO at first i did not understand now i do..question why does this work so well? During my live backtest i am winning 7/7 trades so far!..idk if i am getting lucky for what
@@XDSasukeUchiha Losing trades are part of the game, and you will have false signals. Make sure you manage your risk properly. Correct SL and proper position sizing based on 1% rule.
what happens if the trade entry candle is not the same color as the broken candle (ex. in a short position, broken candle is red and trade entry candle is green) do we ignore the entry or still go in? I ask because then the stop loss will not work.
SL is set below the low, or above the high of the breaking candle. In practice you enter a trade when the breaking candle is closed and next candle just opened, and it's far from the SL, unless it's a very short candle which is not a valid break.
Thank you so much! I have a question..What if the candle breaks the box but it doesn't close outside the box? Should we wait for a closure out side the box to enter the trade?
I have actually created an indicator to do all these things, so I don't have to look at the markets all the time. It is working 😂😂😂😂😂😂😂😂😂😂 Thank you for the strategy
Good explanation indeed, but i want to know when i want to trade, do i trade using 1 minute or 5 minute. Let me know which timeframe do i use buy or sell
Hello Soheil thank you for the video! This is the first strategy I've tried to backtest and the results have been working well on paper trading my only question is do you wait for a trend or can you do this also during consolidation? Personally I've seen it work during consolidation periods but just wanted to know your answer haha. Thank you again for the AMAZING information
@@SoheilPKOI have another questions please. The last short position example profit was NOT taken until 3 candles outside the position shown on screen. My question is how do you know how far to the right you should have your position set to ? Because @ 2:08 you had it only to the right for 1 candle & @ 3:40 the position was open for about a candle and a half. Are we able to edit position box width in live trading market ? Also I followed you on Twitter yesterday Oct. 5th. I wanted to dm u but I'm not verified @1CBoomin Thank you
@@SoheilPKO just a quick question: does the candle have to close above or below the box or can the wick also be considered a breaking of support/resistancce?
I don't know what you mean by exchange price manipulation. If you use top and reputable exchanges or brokers, you will never experience price manipulation from the exchange. And if you mean spread (difference between bid and ask which is set by the broker), As I mentioned in the video, for scalping it's recommended to use raw spread accounts.
@@horvath_zsoltIt starts, when the 5min candle starts. That's why I used the word multiple of 5. like 10:35...this is where a 5 min candle starts... Please watch the video one more time, I completely explained everything...
backtested this and also used it - def not a winner. Lost most of the trades. You have to use very large positions and IF you do you also have to pay the taker fees on those positions so your profit needs to be enough to cover that.
It depends. This means that the candle opened with gap, and depending on the gap you can decide because the gap itself can act like a support/resistance level. Better not to pay attention to it and wait for the next opportunity.
"In this trading technique, besides entering orders on the 1-minute time frame (1M) and the 5-minute time frame (5M), are there other time frames that work well as well?"
Hi, great video. Thank you. Can you give clarity on 3:10 you are skipping candles (saying something about "not multiply on 5", but cannot understand it). Thank you again.
Thank you for this video! I made a script for MT5 to automate the process and calculate the lot size on the spot for proper risk management. Is this recommend for a trending or sideways market? And which other indicator i could use to improve the results?
Have you tried on the indexes? I'm very curious if it works on indexes like US100/30/Dax/UK100 and in what period of the day it works (I'm from Europe). Thanks for the strategy!!!
When you place your position after candle close at 1 MINUTE time frame for scalping.. its kinda difficult to calculate lot size as per your RRR.. because the volatility of price at 1 min timeframe.. if you know.. you know
You should be prepared before the closing of the candle. By the help of Long/Short tool on TradingView, and approximate level that the candle will be closed, and also the SL level, you will have approximate position size based on your risk level. You should be quick.
In this strategy we are considering also 5 min chart, and on 5 min chart every candle is opened on a multiple of 5 on time axis, like 9:40, 9:45, 9:50, etc.
Thank you sir. I just have a question.. actually we do not supposed to wait for the next 5 multiple timeframe after close a position, do we? Because I think we may get some ratio in 6th or 7th candle. but we can count the new Five box behind that 6th or 7th one.... Can we?
Hm now I see, it cannot be true, because it would have also mean that it might above 1.5ratio. So you have already said we have limit to max 1.5. got it :) and it is true..
@@waqaarhussain2791 i skipped the breaker candle, adjusted the risk/reward ratio. Im also active during the position so i can adjust the sl and tp as needed for bigger reward and lesser loss.
Yes, risk management is a must. Before the signal is complete, you should be ready. Scalping is not recommended for beginners. It needs experience, quick actions, Very high focus, etc.
Don't forget to follow me on Twitter 😉
twitter.com/soheilpko
***** Please beware of imposter accounts and scammers *****
Thank you so much Sir!
@@shundave001 Always welcome
@@SoheilPKOyou don't have Facebook Sir?
@@rufeldagatan3833 Not active on FB.
@@SoheilPKO hi Sir, what is your preferred strategy of all your videos?
very much appreciated bro, do more easy price action strategy videos like this these videos more worthier than indicators as many of them are lagging indicators we are unable to use them accurately love from india thank you ....
Thanks, will do!
more content like this please !!! pure price action is really great 👍👍👍
More to come! 👍
May this Eid bring you and your loved ones countless blessings. Eid Mubarak, Soheil 🙏🙏
Thanks 🙏
Amazing idea, Thank you very much.
You are most welcome
What a brilliant strategy, works so well!
Glad you liked it.
Tested on 5/15min chart, with 50ema and adx 45% win rate 5% max draw down 20% gain on account in 2 month risking just 1% per trade. All this results is within 64 trades not taking trade on trade
Explain. You counted 5 candles on a 5 minute chart to draw box?
@@SCDeerAddict bro we are same looking for the best st we testing
It's a genius strategy, thank you very much
You're welcome
Love it, will test this out. Hope it works with es futures.
Best of luck!
@@SoheilPKO nice experiment but too many stop outs. would have to use a wider stop in any volatility. Maybe it will work better on higher timeframes. This is on es. maybe it works betetr for forex as is. tried on oil too, stopped out fast.
@@gtcstorm40 Yes better works on Forex, and yes you can set SL wider. Just test it 👍
This is a fantastic strategy! never thought about using a 1 minute chart and essentially benefitting from data for a 5 minute. Thank you!
Glad you enjoyed it!
LOGICAL, PRACTICAL with SIMPLE RULES that are EASY TO FOLLOW.
Thanks for sharing this concept with me. / jp.
You're very welcome
Sir, what are the strategy you use for binance futures cryptocurrency trading?
Take a look at this one: ua-cam.com/video/nWXwiIebCPc/v-deo.html
And this is why i am a loyal subscriber!!!
Indicators are cool but pure prize action is 🔥🔥🔥
You are freaking amazing....more contents on pure prize action boss👍
Sure I will 👍
I'm giving this strategy a serious test over 1 Month, (300 Trades approx), in a Demo account.
I'm 2 days into it & it looks hopeful - 11 Wins / 8 Losses, but, once I master it I'm fairly sure, on averages, this will work, (I'm guessing 60 / 40 Win ratio).
It will not make you rich, (unless your positions are 50K or something), but with a few K per position at a 5X leverage.... you will make a living doing this!
I'll update this comment in 28 days .....
Thank you.
Thanks for your feedback bro, it help me, Hope you the best!!!
👍
Dude nice! I was literally about to give it a try too haha what are you trading? I was gonna try check out some cryptos and make an assessment!
Waiting for ur result bro
What happened with results ?
Great video! Thank you.
You are welcome!
Great explanation great strategy... Love you brother ❤❤❤
Thanks and very welcome
thats a clever little strategy tbh👌
Glad you liked it
Hi! Great technic, Thanks!
You are welcome!
But, with 1% strategy, which I used, the position closes before giving a chance to play out. In BTC I put it in 2%. In alt coin, I put it in 5%. I'm not saying that it gave me the desired result, but, it gave my position a chance to play out. What do you think?
@@binadarabzand2701 Please watch the video. It's not about setting SL 1% of entry. You set your SL based on your analysis.
@@SoheilPKO Don't you think our country person should learn about the crypto. They work it on a hear say. Some may make it in short term, but, they all lose it on the long! Maybe there is a way to educate them. As you are educating me.
Super explaining sir thankyou
You're very welcome
Eid mubarak Great video sir,
Glad you liked it 🙏
At what time should we trade this strategy? And pairs?
EURUSD is the best pair for this strategy, and US London overlap the best time for trading.
For XAU/USD? @@SoheilPKO
Thank you sir very much ❤❤❤
Most welcome
backtest give random result. 25 losers(-25), 17 winners 1.5 (17*1.5= +25), result 0. tested eurusd 1 day 9:30 - 15:30.
better result on 5 min and 15min timeframe. in one day 10 losers (-10), 11 winners (+16.5), total +6.5R.
Which currency did you test on?
Try on gold, it works better on gold
@@allandecker yeah i backtested it too on gold bro
are you using it rn ?
I just found the strategy and will start direct on Monday maybe first on demo then my funded .. you got any tipps or something like that bro
@@matthiasmiller8036 I have created an indicator using this strategy I have tested it on ethusd and worked relatively well with a win rate of 66%. I only trade gold though so I will be implementing it on my gold demo from Monday for a week to see how it will perform.
@allandecker what Time Frame 9n gold u use?
Thank you m8, exactly what I was looking for 👍
You're welcome
i bet so many people here went went straight to there charts after watching this, me included 😂
👍
i did
Yup I did😂
How do you get all that in minute? For real when the candle breaks everything happens so quickly I can’t even draw the position and measure my pips to risk only 100$
If you feel this too fast , then take three 5min candle that is your 15mins candle. Try this it give less entry as well as less stop loss hit .@@ΚλεάνθηςΧοτζαλλι
Very simply you described the strategy. thank you so much... Sir
Most welcome
Watching from Philippines. HOPE this strategy make me profit. I will try this in 5 and 15mins timeframe
Good luck 👍
Make sure you apply 1% risk management strategy.
It's not working when consolidation stage
not supposed trade while the market is in consolidation.
Then just trade it in London session. It does work.
that's y he said trade during both London and Newyork sessions overalpped.
Like your work on this. helping me out. thanks mate , cheers.
You're so welcome
Sir I really love your videos❤...its really inspiring❤....and I love what you do...but may I ask....the win rate of this strategy?
No reply
This is brilliant mate. Results prob best if ADX is over 20 Not super flat markets. This is great 👍. Thanks !
Glad you liked it! 👍
THANK YOU SIR👍
Most welcome
Truly i accepted this strategy ,,, here in India i tested some
crucial segaments mostly small morgin traders they are getting foold by arrogent movements that too if we try this strategy very useful and very helfull sir thankyou verymuch
You're very welcome
Pls make a strategy with binary options indicators... most of the indicators you know and it will be easy for you to know which ones will work 🙏
Sorry I don't have any experience in binary option trading.
@@SoheilPKO Thats okay, this strategy is PERFECT for binary options!!!! In fact proably the best strategy out of hundreds of videos, and believe me , I have seen alot of them
Brooo, thats was prooo🎉
Im heading to charts asap😂
👍
That's work! Thanks❤
You're welcome!
i have been back testing this!..very impressive so far!.. a question what if i wanted to this on a higher time frame like the 30M-4hr?..do i wait for the 5M candle to close? if so how many of them
This performs better on very short time frames. In case if you want to try it on higher time frames you should do the same method but different time frames, for example if you're 1H, consider 4H candles high and low.
@@SoheilPKO at first i did not understand now i do..question why does this work so well? During my live backtest i am winning 7/7 trades so far!..idk if i am getting lucky for what
@@XDSasukeUchiha Losing trades are part of the game, and you will have false signals. Make sure you manage your risk properly. Correct SL and proper position sizing based on 1% rule.
@FrancJ5793 Yes could be
With which instrument you tested it? Still using it?@@XDSasukeUchiha
Can u demonstrate this strategy in live trading
what happens if the trade entry candle is not the same color as the broken candle (ex. in a short position, broken candle is red and trade entry candle is green) do we ignore the entry or still go in? I ask because then the stop loss will not work.
SL is set below the low, or above the high of the breaking candle. In practice you enter a trade when the breaking candle is closed and next candle just opened, and it's far from the SL, unless it's a very short candle which is not a valid break.
I love scalping, thank you so much 🙏
You're so welcome!
Wow, thanks
You are most welcome
Yuh used 1M n 5min as higher timeframe, can someone 2min and 10min or 3min and 15min?
Yes possible 👍
Sir, please also if may be possible teach us the best SMC Indicator
Sure i will. I'm gonna make comprehensive tutorials on this subject.
Sir, I see you have always teach out regarding indicator in EURUSD pair, So, is it suitable for us to trade in this pair ?
It has the lowest spreads - spreads kill you on lower time frames so makes sense.
Yes in Forex market it's the best pair for scalping.
👍
Hello! Does it work on cryptocurrency?
Yes, but you must expect more false signals because of the higher volatility and sudden movements of the crypto market.
So every 5min candle is our box? Thanks
Yes
Can you Recommend a good broker for mt5?
You should see what broker supports your country. Search the top forex brokers, and review them.
Thank you so much! I have a question..What if the candle breaks the box but it doesn't close outside the box? Should we wait for a closure out side the box to enter the trade?
Yes it should be closed out of the box.
EID MUBARAK Soheil. GOD bless you ( : Peace and, respect from FAISALABAD, PAKISTAN.
🙏
Can this applied on higher frame?
No this is more suitable for short time frames like 1m and 5m.
Why you didn’t count 2/3 candles in middle of your video. I really want to understand
Worth trying ❤️
Glad you liked it.
Working!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
👍
@@SoheilPKO You know any crypto that you had most profit on it with this strategy?
@@MahdiFarahmand-y9l For scalping I only recommend BTCUSDT, and on top exchanges like Binance.
I have actually created an indicator to do all these things, so I don't have to look at the markets all the time. It is working 😂😂😂😂😂😂😂😂😂😂 Thank you for the strategy
whats the name of your indicator, bruv?
Good luck 👍
@@jdealsdirect7660 I haven't published the indicator yet. Once I have published, I will let you know.
Would u like to share ur indicator
@@jdealsdirect7660 Candlestick counter & standard deviation by AllanDecker
Good explanation indeed, but i want to know when i want to trade, do i trade using 1 minute or 5 minute. Let me know which timeframe do i use buy or sell
This is a 1 minute scalping strategy, and considering also 5 min,
what should be considered breakout with only body or wick
The close of the candle is important in breakout. the candle should be closed above/below the level.
What if it breaks out on the 5th candle do you still enter the trade ?
@@luyandomoomba4594 Depending on the market condition, traders can show flexibility.
Break on wick or break on closing above/below the box?
Closing above/below the box.
Thank you so much 😊
Always welcome
Hello Soheil thank you for the video! This is the first strategy I've tried to backtest and the results have been working well on paper trading my only question is do you wait for a trend or can you do this also during consolidation? Personally I've seen it work during consolidation periods but just wanted to know your answer haha. Thank you again for the AMAZING information
It can also be used in consolidation.
If the trade is in the direction of the longer term trend, the probability of winning is higher.
@@SoheilPKOI have another questions please. The last short position example profit was NOT taken until 3 candles outside the position shown on screen. My question is how do you know how far to the right you should have your position set to ? Because @ 2:08 you had it only to the right for 1 candle & @ 3:40 the position was open for about a candle and a half. Are we able to edit position box width in live trading market ?
Also I followed you on Twitter yesterday Oct. 5th. I wanted to dm u but I'm not verified @1CBoomin
Thank you
@@SoheilPKO please respond bro 🙏🏿
so which broker do you use for this M1 strategy as your profit is not even enough for the spread for some brokers?
For scalping, try to choose brokers that offer raw spread account.
Very well explained👏
Glad it was helpful!
@@SoheilPKO just a quick question: does the candle have to close above or below the box or can the wick also be considered a breaking of support/resistancce?
@@that.one.fizzyfizzy It should be closed.
داداشم عالی و مشتی♥️😘
Thanks 🙏
can this be use for gold?
Yes 👍
Wow amazing
Glad you liked it.
Sweet and simple
@@dhavalchheda8521 👍
Can this work on 2 and 3 minutes time frame?
Yes the method can be applied on other time frames.
Did you count on exchenge price manipulation when you created this strategy?
I don't know what you mean by exchange price manipulation. If you use top and reputable exchanges or brokers, you will never experience price manipulation from the exchange.
And if you mean spread (difference between bid and ask which is set by the broker), As I mentioned in the video, for scalping it's recommended to use raw spread accounts.
Does this work in Option buying
Sorry I don't have any experience in option trading.
@@SoheilPKO Ok sir did you backtested it on equity or forex market
@@anuroopdas8651 I used it on Forex. EURUSD.
That's great, but what is the first candle where I can start the "five" candle?
After identifying one complete pattern, you can start.
@ that's ok, but where do I start counting the candles? If I start now, what should be the starting candle?
@@horvath_zsoltIt starts, when the 5min candle starts. That's why I used the word multiple of 5. like 10:35...this is where a 5 min candle starts...
Please watch the video one more time, I completely explained everything...
@ ok tnx
backtested this and also used it - def not a winner. Lost most of the trades. You have to use very large positions and IF you do you also have to pay the taker fees on those positions so your profit needs to be enough to cover that.
For this strategy, is there anything else that we should also look at? Or is purely just 1 minute time frame any time of the day?
The best time is US/UK overlap. 7 AM to 12 PM Eastern Time (ET). This is the most liquid and the best for scalping.
RRR 1:1.5 = 40% Win Hit for Break Even. Is it possible? 50/50 Break above or below and 50/50 runs the way or not .
Is there any bot like this method?
Sorry I don't know.
After maintaining all conditions What should I do if box is broken upside with red candle or downside with green candle?
It depends. This means that the candle opened with gap, and depending on the gap you can decide because the gap itself can act like a support/resistance level. Better not to pay attention to it and wait for the next opportunity.
On 5-minute charts, peaks and troughs form every half hour. This is interesting. :)))
"In this trading technique, besides entering orders on the 1-minute time frame (1M) and the 5-minute time frame (5M), are there other time frames that work well as well?"
This is a scalping strategy and it works well on lower time frames. You can do it similarly on higher time frame like 5m and 15m.
@SoheilPKO Thank you 😄
@@Latte-Cat Always welcome
Hi, great video. Thank you. Can you give clarity on 3:10 you are skipping candles (saying something about "not multiply on 5", but cannot understand it). Thank you again.
you are right . this is the real method .
👍
Thank you for this video!
I made a script for MT5 to automate the process and calculate the lot size on the spot for proper risk management.
Is this recommend for a trending or sideways market? And which other indicator i could use to improve the results?
Better to be used in trending market, and for this purpose MA200, or Andean Oscillator are useful.
Wouldn't trading fees eat up your profits or ultimately cause loses if you're scalping such small profit percentage?
That's true, trading fees eat up much of the profit in scalping, but since many positions are opened during day, the profits will add up.
Have you tried on the indexes? I'm very curious if it works on indexes like US100/30/Dax/UK100 and in what period of the day it works (I'm from Europe). Thanks for the strategy!!!
No I haven't, I don't trade indexes, but I think applicable. I'll try to see how it is.
When you place your position after candle close at 1 MINUTE time frame for scalping.. its kinda difficult to calculate lot size as per your RRR.. because the volatility of price at 1 min timeframe..
if you know.. you know
You should be prepared before the closing of the candle. By the help of Long/Short tool on TradingView, and approximate level that the candle will be closed, and also the SL level, you will have approximate position size based on your risk level.
You should be quick.
Thank You! What is the name of this strategy?
Very welcome 🙏
No name for the strategy.
How is win ratio?
What is the meaning of "Multiple of 5 on Time axis"? Can you kindly explain? Thank you in advance!
In this strategy we are considering also 5 min chart, and on 5 min chart every candle is opened on a multiple of 5 on time axis, like 9:40, 9:45, 9:50, etc.
@@SoheilPKO Okay Sir. Thank you for confirming the same. Really appreciate your response and the content you post.
@@Infinity_Pot Always welcome
Didn’t work for me with fees taken into account on 1 min
For scalping, raw spread account is recommended.
Thank youuu so much
You're welcome!
Wow this looks promising and fast. Thanks. Can you please let us know average win rate of this strategy ?
Does this work in equity market?
Yes it does 👍
what is multipe of 5 on time access
Time axis. The horizontal axis of your price chart.
Thank you sir. I just have a question.. actually we do not supposed to wait for the next 5 multiple timeframe after close a position, do we? Because I think we may get some ratio in 6th or 7th candle. but we can count the new Five box behind that 6th or 7th one.... Can we?
Hm now I see, it cannot be true, because it would have also mean that it might above 1.5ratio. So you have already said we have limit to max 1.5. got it :) and it is true..
Can we use any indicator along with this stray for more conviction?
Maybe volume confirmation. Check this video: ua-cam.com/video/EQtWkfDMw6E/v-deo.html
Can we do this trade on 5min time fram?
Yes similarly can be applied to 5 min.
Hello Soheil! Does the box should be broken with closed candle or is it enough when a wick breaks it? Thank you!
You must wait until the candle is closed. The price must close above/below the level.
@@SoheilPKO Many thanks,my Friend! I will come back with my results in a couple of Month. Be blessed!
@@distanthealer95 Good luck 👍
Yes, this is good and I learned a lot. Thank you. It is a very profitable business
You are very welcome
Does it work on 5 minute time frame ?
Yes 👍
I just added a bit of tweak, and currently gives 70% wr. Thank you very much!
You're so welcome 🙏
May I ask what tweak you used ?
@@waqaarhussain2791 i skipped the breaker candle, adjusted the risk/reward ratio. Im also active during the position so i can adjust the sl and tp as needed for bigger reward and lesser loss.
What was the tweak?
@@BrianAbbottGeordie I already replied to waqaar, but looks like it was deleted.
Bro can I use this strategy on forex it's good on crypto but I don't know if I can use it on forex but I don't think it will work on gold
Yes you can use it on Forex. Try major pairs, specially EURUSD is the best.
Okay thank you ❤@@SoheilPKO
can't understand "multiple of five on time access". Please explain.
Since the higher time frame is 5 min, and there the candles open at times like 8:35, 40, 45, 50,...
Could you make a video for this strategy making a live trading? 1 min TF it is very short if one has to calculate also risk management .... or not?
Yes, risk management is a must.
Before the signal is complete, you should be ready.
Scalping is not recommended for beginners. It needs experience, quick actions, Very high focus, etc.
Can this strategy be used on synthetics ?
What do you mean by synthetics?