Weekendpiggies scalping system - MT4/MT5 resources

Here I've added my MA settings because people keep asking me.

10 SMMA closing price (red) and 4 SMA median (blue).

The original system is still the same, nothing has changed. This is for my personal reference only. If you think it’s good, just add it, otherwise don’t think about it.

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I want to have two main goals for this thread.

First, I hope not to complicate the system by adding any new indicators. I currently think it works well on its own. (No offense to those who have shared their views and ideas for the new metric. The original system will not change for the time being, but if you feel there is a real need to improve by adding a new metric. Please show us your findings and results and we will consider adding it.)

Second, I hope everyone can help me improve my method of scalping the biggest pigs with this system rather than by adding more indicators. For example:

Open 2 transactions.
The first time I traded, every time I felt the market was weakening, the price target was close. About 10 to 30 o'clock on the second trade, TP is when the opposite direction occurs. BE is set at profit.

This could be a suitable system as well, but I prefer it to be a scalping system since that was my original intention when I first created this system. I hope it's a short term system, I know it works well long term. How you want to use it is up to you.

I believe that knives, fire, water, etc. can be very dangerous if not used wisely. But they can be very useful if we use them correctly. So just do shit. (bad dirty joke)

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This is a very simple scalping system. You can test it immediately as it is a short TF scalping system. 1M, 5M, and 15M are also good.

No fancy indicators as I prefer basic indicators. They don't require repainting and are simple. So the only indicator I use is 2 RSI. I use a modified version of the RSI so it can be easily viewed with the naked eye.

So here you are.

Indicators: Set to RSI 21 and RSI 50. OversoldLevel and overboughtLevel are also set to 50.

Buy entry signal = both are dark green at the candlestick close Sell entry signal = both are red at the candlestick close
This means we only move into the next opening candlestick.

This is a scalping system, so there will be no specific TP. It's entirely up to you.

Stop loss when other entries occur.

hint:

1. The appearance of 1 dark green 1 red is not an opposite signal. Continue in the previous direction.
2. As Paulus said - try to catch a nice big move while keeping the smaller losers. Goal - Once you catch the big fish, pack up your gear and go home.
3. I would say hit and run.

For UJ it is better to use 15M. EU, GJ...those big pairs can be scalped with 1M or 5M.

1. Figure 1. This is for the EU. The range between buy and sell is 44 points, but the total change is 77 points. So how much can you peel back from here?
2. Figure 2. This is a 15M UJ. The opposite direction has not yet occurred. There was a 343-point change.

For me, I open 2 trades.
The first time I traded, every time I felt the market was weakening, the price target was close. About 10 to 30 o'clock on the second trade, TP is when the opposite direction occurs.
* You can have your own target price or open trade quantity.

brought to you,

http://i573.photobucket.com/albums/s...testing5-1.gif