5M Quarantine | Foreign exchange EA download-MT4/MT5 resources-MetaTrader 5 resources

5M Quarantine

Hello everyone,

I decided to trade short term (the last time I did this was a long time ago) because I was tired of this necessary quarantine trade, which unfortunately will last for quite some time. Obviously, there are a lot of people in the same situation as me, so it doesn't hurt to interact, especially if I can help others make some profit during such a difficult time.
I started right away.

D1>>>> 5M>>>>>> PB>>>>>> DT/DB>>>>> DiV>>>>> CC 10EMA = Signal ... Simple

It is the most common price action and has some structure around it for disciplinary purposes.

*D1) The previous day's daily TF candle will determine your short or long direction.
* 5M) 5 Minute TF, is where you jump in and do the rest of the analysis.
*PB) pullback from the last low or high.
* DT/DB) D Oubler T op, D Oubler B Otom...or any level that shows multiple failures will do.
*DiV) Smoothed Convergence and Divergence Moving Average Divergence ... prevents you from entering prematurely.
*CC 10EMA) C Rose C loses 10ema candle. After a convincing failure, the CC of the first 10ema is a signal.
* SL… above or below PB high or low. (usually around 20/25 points)
* TP... minimum 1R...or keep it until you have strength, now you can easily reach 100, so don't limit the potential.
*Risk... 0.1% of your equity ($1000 acc = 1 mini lot 0.1 = $1)

The chart picture below should clearly illustrate the entire trade. Obviously there will be problems, but in the following paragraph I'll cover the necessary process.
Each day when the daily candle closes, you will decide whether you should go short or long on that currency pair the next day. If you can't firmly decide on a direction, ditch that pair, and there are 20 or so others, some of which are clearly identifiable. Then when you find a solid, strong bearish or bullish daily candle, that's all you need, a good enough indication and motivation to continue. Then, open the 5M TF and wait for the PB, it's just a matter of time before the price pulls back at some point, and when it pulls back, draw your level, which is the high or low of the PB or some other recent level that the price is most responsive to...if it's consistent with the levels from previous days, all the better. You will then see PA fail to break above that level, this is called a failed DB/DT formation or multiple bounces. Then, you look for MACD divergence, which is just another confirmation, which I mainly use to prevent premature entry. Then you just have to wait for the final confirmation, the first candle of the CC 10ema, and the rest is history.
I recommend avoiding the first 3 hours of triggering daily candles as this is a slow PA and spreads are usually higher, wait for Asia etc. I myself, because I live in the West Coast time zone, can only trade the Asian session and the New York session, the London session is the lucrative session, you lucky Europeans, haha.
That's it.

Guys, I might have missed something here or there, please don't beat me up about it...just ask and I'll clear it up and add it to the first post.

Last but not least, I ask only for respect, total respect.

Thanks.