Scalping idea based on 1 pip or 2 pip volatility? (1 or 2-pip volatility-based scalping ide)
Hello everyone,
I was thinking about a scalping strategy while looking at the charts and quotes. I think, most of the time, when looking at the M1 chart, during periods of high volatility (high volatility currency pairs, London and New York sessions, Tuesday-Thursday), price movements are all over the place: whether prices are swings or trending, prices can move up and down significantly, even if there is a certain drift from random movements.
So my idea is, what if at the beginning of each candle, we set a high lot size order (the direction should be based on strategy, or maybe systematically always long or short, or maybe chosen randomly), and at the same time set a very small "ghost*" TP, say 1 or 2 pips? And there is almost no SL. This is obviously an extremely risky strategy, but if it works well enough that you can cash out profits on a regular basis, it might be worth trying. Under certain market conditions, with ticks everywhere, do I think this might be possible?
I'm completely new to flipping and the like, so I could be completely wrong, but I was wondering if any of you have tried anything similar, and if so, what was your experience?
*The ghost in TP is not set explicitly to avoid providing information about the strategy to the broker.
Also, this idea came to mind when I saw this video, and while it made me curious, it seemed pretty unrealistic:
cheers,
m10021
I was thinking about a scalping strategy while looking at the charts and quotes. I think, most of the time, when looking at the M1 chart, during periods of high volatility (high volatility currency pairs, London and New York sessions, Tuesday-Thursday), price movements are all over the place: whether prices are swings or trending, prices can move up and down significantly, even if there is a certain drift from random movements.
So my idea is, what if at the beginning of each candle, we set a high lot size order (the direction should be based on strategy, or maybe systematically always long or short, or maybe chosen randomly), and at the same time set a very small "ghost*" TP, say 1 or 2 pips? And there is almost no SL. This is obviously an extremely risky strategy, but if it works well enough that you can cash out profits on a regular basis, it might be worth trying. Under certain market conditions, with ticks everywhere, do I think this might be possible?
I'm completely new to flipping and the like, so I could be completely wrong, but I was wondering if any of you have tried anything similar, and if so, what was your experience?
*The ghost in TP is not set explicitly to avoid providing information about the strategy to the broker.
Also, this idea came to mind when I saw this video, and while it made me curious, it seemed pretty unrealistic:
Insert video
cheers,
m10021
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