Scalping method on M1 with trend and res
Hello. I just came up with an idea to scalp on the M1 timeframe. Please give it a try!
Set the parameters of the luxago -PR and Parabolic SAR indicators to their default values.
Considering the PR indicator: When the current session has a blue middle line at a price higher than the previous session's blue middle line, we enter all buy orders based on the SAR. Every time the SAR appears, we enter a buy order.
Consider the PR indicator: when the blue middle line appears on the current trading day and the price is lower than the blue middle line on the previous trading day, we enter all sell orders based on SAR. Every time the SAR appears, we enter a sell order.
Stop Loss (SL) for buy orders is located at the bottom of the green line (PR 2).
Buy orders take profit (TP) at the top red line (2 on PR).
Stop Loss (SL) for sell orders is located at the top red line (2 on PR).
Buy orders take profit (TP) at the bottom green line (PR 2) of the current trading day.
An example of a buy order as shown:
We see that the price range for period 2 (blue middle line) is higher than the previous period 1. When the SAR point appears, we will enter all buy orders. Stop loss is at the bottom line and take profit is at the top line.
I think this method is more suitable for trending markets than sideways markets. What do you think? Let’s share our thoughts!
Set the parameters of the luxago -PR and Parabolic SAR indicators to their default values.
Considering the PR indicator: When the current session has a blue middle line at a price higher than the previous session's blue middle line, we enter all buy orders based on the SAR. Every time the SAR appears, we enter a buy order.
Consider the PR indicator: when the blue middle line appears on the current trading day and the price is lower than the blue middle line on the previous trading day, we enter all sell orders based on SAR. Every time the SAR appears, we enter a sell order.
Stop Loss (SL) for buy orders is located at the bottom of the green line (PR 2).
Buy orders take profit (TP) at the top red line (2 on PR).
Stop Loss (SL) for sell orders is located at the top red line (2 on PR).
Buy orders take profit (TP) at the bottom green line (PR 2) of the current trading day.
An example of a buy order as shown:
We see that the price range for period 2 (blue middle line) is higher than the previous period 1. When the SAR point appears, we will enter all buy orders. Stop loss is at the bottom line and take profit is at the top line.
I think this method is more suitable for trending markets than sideways markets. What do you think? Let’s share our thoughts!
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