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- MachineLearn replied Jun 25, 2024
Implication is that you don’t take trades when price is OS/OB?
Scalping System by Machine
- MachineLearn replied Jun 25, 2024
Great contributions so far. I’ll be observing Engulfing Candles, Engulfing Candles in relationship to a bounce, and the RSI
Scalping System by Machine
- MachineLearn replied Jun 25, 2024
ATR
Scalping System by MachineCC
Threshold
EMA
Volume
BP
Bounce
Engulf
RSI
- MachineLearn replied Jun 24, 2024
I just use TradingView's built in ATR indicator but I change it from "Line" to "Histogram" in the settings. I trade mainly on M5. You can trade M1 if you like it's all preference. I usually use M1 on Gold and Indices.
Scalping System by Machine
- MachineLearn replied Jun 24, 2024
Ignore this if you please it's completely optional and not necessary to make money, but could be a worthy addition to the methodology. There's another advanced mechanical method to determining HTF directional bias. It's a method that's used in ...
Scalping System by Machine
- MachineLearn replied Jun 24, 2024
Nice. On M5 it also seems to broke structure to the upside and seems to be bullish for time being. But it is also close to breaking structure gain back to the downside... ATR and Volume seem okay too, nice one
Scalping System by Machine
- MachineLearn replied Jun 24, 2024
Changes from trade to trade, I try to keep it as close to 1:1 as possible. my take profit is always 1 times the setup candle’s range. But my SL isn’t always right at the setup candle high/low. I enter at market and set tp and sl with limit orders
Scalping System by Machine
- MachineLearn replied Jun 24, 2024
CADJPY NY SESSION RECAP I want to use a different pair that correlates a bit different than EURUSD Right at the bell price went into a Bull BP First trade reacted well to start but price adjusted shortly after. Then roughly an hour and half later ...
Scalping System by Machine
- MachineLearn replied Jun 24, 2024
EURUSD NY SESSION RECAP The only valid trade in my eyes was this 3 pip take profit after lunch. This was interesting because the setup candle was actually the candle to create the Bearish Breakout Phase, which enabled a short bias. Price came down ...
Scalping System by Machine
- MachineLearn replied Jun 24, 2024
There is so many factors that determine wether your profitable or not. this is just a mechanical approach to getting you in the market in some timely positions. Whether you’re going to make money comes down to you! Do you follow the rules all the ...
Scalping System by Machine
- MachineLearn replied Jun 24, 2024
Last week I did +10%. Its win rate is well above 50%? What’s your concern?
Scalping System by Machine
- MachineLearn replied Jun 24, 2024
This just means for example for a green candle; The candle should close at the top of the candle. If the entire candle range including the the wicks from top to bottom is 100%, then the close of the candle shouldn’t be lower than 75% of the total ...
Scalping System by Machine
- MachineLearn replied Jun 24, 2024
ATR
Scalping System by Machine20EMA
Bull BP
75%
> Volume
Color change
- MachineLearn replied Jun 24, 2024
With so many opportunities in the market with this system , let’s try and choose the best setups possible. No reason to trade anything not in its appropriate breakout phase … Also avoid large wick candles as this can imply some manipulation in the ...
Scalping System by Machine
- MachineLearn replied Jun 24, 2024
There’s so many setups happening it’s hard to keep up Done
Scalping System by Machine