I am the original poster of this thread: https://www.elitetrader.com/et/threads/a-holy-grail-scalping-strategy.376500/ I believe its now time to publish performance of what I call marketmover trading method. My approach involves monitoring the actions of the key market participants and making trading decisions based on their actions. I use this method to look for buying signals from market movers and follow their leads. How the system works The system has three components Y-axis: Pay attention to prices in dollars over the past 300 hours X-axis: pay attention to how much time has passed in the chosen period Price action: Pay attention to how a currency pair is performing The results will be available following the upcoming trade. What are the rules? DD should not exceed 3% Holding time: One hour. If it exceeds one hour and a trade is not in profit, I will seek to close it.
The Y-axis and X-axis components can be quite challenging to grasp, while Price Action is the most straightforward. I'll be able to illustrate this with real-life examples
I trade all major currency pairs, all minor currency pairs, and three exotic currencies (NOK, SGD, and SEK).
search "mql5 haron kagathi Forexer Guru MarchFX" on myfxbook after I post my first trade. Currently myfxbook link is inactive.
NZD/CAD is lacking two essential parameters: X-axis and Y-axis. Nevertheless, I'm still trading it, price 0.8006 with a stop-loss (sl) set at 0.80016. My holding time is strictly one hour. Minimal risk.