Fractal SCALP | Scalping EA download - MT4/MT5 resources - MetaTrader 5 resources

This method can work for you. anyone. It may seem technical at first, but is a very simple check and balance entry. I have been a full-time trader for the past two years. This thread will help me focus on being diligent in every transaction so they can be role models, or at least use them all as your role models. Kind of like having your boss spy on you. I have been working on my discipline for a while because I like that many of you enjoy the excitement in the markets but sometimes end up jumping into a trade before all the details are confirmed. I accept that there is discretion in some transactions and if they are 100% mechanical we can set it and forget it. I believe that everyone can follow this system and profit from it, but of course, the more experienced you are, the better the results will be. There are so many opportunities out there that you don't have to feel like you're missing out if you pass up on a deal. I trade at different times of the day but find it best to stay away from the market from 17:30 GMT to 22:00 GMT, which in my experience is the market reset period and usually consolidates. Beyond that, by tracking currency pairs on both timeframes (which will keep you busy), you can easily lower the 50 pip range every day regardless of market conditions. This is one of my main methods that is time-tested. Follow the rules and when in doubt, stay away. Stick with it, ask questions, and happy trading.

I'm not the fastest at posting or following up on latest questions since I'm usually monitoring multiple pairs, but I'll do whatever it takes to make sure you get on the right track as quickly as possible.

Basic knowledge:

Time range: 5 and/or 15

Target points: 5-15

Stop: Looking for a ratio of 1:1 or better depending on settings

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index :

Fractal

SMA 50

Ichimoku (standard settings - 9, 26, 52 sandy brown solid)

Ichimoku (2,3,5 blue solid - this cloud is probably a bit over the top and not really needed, but I love it and have it on all my charts)

**** Both of these are clouds, just set the other line colors to none****

Momentum (16) Level 3, +@100.0675, 100@100, -@99.9325

Trend Magic (10, 20) This is the only custom indi you need to add to most MT4

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Entries: Example: for long, conversely for short

Conditions : 1. Price higher than cloud (sand) and/or 50ma
2. The fractal formed below 1-2 candles before (it takes 1 or 2 candles to appear because that's what a fractal needs)

3. The current candle breaks the high of the fractal candle or the next candle (usually you will see IB pattern and then the next candle breaks that high which is ideal, all
happens very quickly)
4. The candle giving the entry signal is above the trend magic
5. Momentum is above the level of the "+" signal candle, or even better if the previous candle is also above the signal candle

quit:

Target: 5-15 pips depending on currency and time frame
For example: GU 5 minutes 10 o'clock, 15 minutes 15 o'clock, UJ 5 minutes 6-8 o'clock, 15 minutes 10-12 o'clock

Stop: The candle closes below the trend magic
**** Use this method to measure trading risk against your goals. ****

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Provide templates and indicators

The next article will have a diagram example to clarify.