5 minute scalping strategy reddit. If you can do that hats off.

5 minute scalping strategy reddit Get the Reddit app Scan this QR code to download the app now. Patience patience patience. Feb 17, 2024 · The following is a 5-minute scalping forex trading strategy for the EURUSD, GBPUSD, USDJPY and EURJPY currency pairs. candle. Engaging in 5-minute trades allows traders to capitalize on small fluctuations in the market while relying on a 5-minute chart for real-time insights. You have to be good with technical analysis and seeing supply and demand zones. The strategy presented below has been designed for trend-following operations on 5-minute charts, taking into account that it is possible to configure it for 15-minute charts. Breakout must be directional in the direction of morning gap. Candlestick formation on 5 min can be very deceiving. The general idea is to find a longer trend on the 4 hour chart, find the trend being followed on the 15 minute chart and get into the trade coming out of a pullback on the 5 minute chart. Theres a dude on youtube who makes 500$-1500$ daily scalping the big S&P with 3-4 contracts for 1pt each (and he does like 4-5 trades like this daily). when trading on 1 min. strategy works for nasdaq 100 as Adjusting your tf will make up for the choppyness, as a range or tight channel is occurring in the 1h, a huge bull or bear trend may be forming on the 5 min, so you adjust your position size and trade what you know on the 5 min until it breaks. Under this definition, a popular "scalping" technique is simply to buy or sell the close of a 15 minute trend bar and exiting 1-3 bars later; and, yes, you can make this work. It worked today but I got nervous and got out way too early. I've been experimenting with loads of indicators and strategies for short term trading (3 to 5 minutes), but so far have been unable to find a strategy that gives me a winrate of around 80%. 7-8 trades a day. I'm trying to find some profitable scalping strategies on 1-minute and 5-minute time chart. RoboForex broker MT4 platform. 00 lot size with the intention of being in this trade approximately 5-20 minutes or so. This is because i do not use Level 2. Very quick. I'm trying to use news for scalping rn, but I'm not really sure if its even a strategy that someone uses. r/Forex_Robots Welcome to FXGears. Download my best tools for FREE HERE "Degenerate Candlesticks" on YouTube is currently doing a small account challenge utilizing a scalping strategy. And a 30 min. On the other hand, if you're trading 1-minute, 5-minute, 15-minute, or scalping trades, limit your backtesting to a maximum of 3-6 months. Sometimes even 1 sec. ) to confirm trends & entries. i traded this setup for a while and was unprofitable, until i realized that context is important. Only problem is I see them after the fact. 20 to . i use the daily pivots points to determine target profit exit and stop loss levels. My goal is to do 3-5 of these kind of trades per session. I also use a 2 min. Also, they correct themselves, so you may get a buy/sell signal, but then 10 seconds later it disappears, as the oscillator corrects itself. Posted by u/Dominic_Walsh_Trader - 1 vote and no comments But 5 min, 15 min, 1 hour and beyond are used to make a decision/analysis. I want to learn some 5 minute strategies because they’d allow me to be in trade longer. If youre Interested in watching live examples, I'd definitely recommend it. It doesn't seek to hit any specific target and takes advantage of very tight stops. I use the hourly and daily to note important levels and get overall longer term trend, and use the 5 and short time frame as trigger charts. Long for upside breakouts, short for downside breakouts. Thats a lot of bars that make distinct patterns that you cant see if your just looking at 1 candle. Most my holds are under 10 minutes I use moving averages, VWAP, and key support levels (identified in premarket prep) Matt Diamond on YouTube does some great videos on how he scalps options. Scalping is 90% accurate with a win/loss of 1:3 or maybe even more like 1:5. Only these asset classes move fast enough to get you in and out a trade before any nastiness occurs. Remember scalping is quick profits. Ill definitely check back in, in 3months regardless of obvious sarcasm. I'll use a longer time frame (e. Scalping is more likely to be done watching a DOM so that you can literally watch the ranges being bounced around. Also this is just a random thought but the 5 min is very commonly used for day trading, and the 10 min seems 'too close' to that (another reason to prefer the 15min). Scalpin strategy Reddit example XAU/USD 30 minute chart with valid buy and sell signals from the system. ITM in the last minute or so on low volatility is OK when using PA with it but in my opinion there are better things to do with your margin than trade the 5 minutes. For bigger levels, you should be looking at the 1W/1D charts. I usually a 2min or a tick chart, 5 min, hourly, and daily Is all up at the same time on whatever I'm trading. I usually work backwards from higher time frames then work down to the 1000 tick before making entry decisions. If the stock gaps up, go long, vice versa. Scalping is a special type of trading strategy that helps the trader to make significant profits on minor price changes. If it goes $50 into profit I close it out and move onto the next one. comments Scalping system with Keltner bands (5 minutes) This trading strategy was developed by a trader who trades Futures and currency pairs. Get the Reddit app Scan this QR code to download the app now Easy-to-follow 5-minute scalping strategy with 92% win rate . He has 7-8 videos of him doing this live and in each of them he makes insane profits. Or check it out in the app stores Best Crypto Scalping Strategy for the 5 Min Time Frame ( 92% Win A rule of trading is cut losses quickly--so in a scalp if it goes the wrong way I am out--It's not a percentage or a stop loss--it is immediatly! after open--it it's been running for more than 5 minutes I will give it 1 1minute candle--if it is over 10 minutes, I use the 8#MA on the 1 minute chart--there is not time to think, or set stops or My overall point is, with scalping on the 1 minute, oscillators are too slow. I get 4-5 trades in a week and i consider that overtrading. You might take this on a negative side as well. I look for opening range breaks, high-of-day breaks, flags, and modified version of live traders buy set up where I only look to take it for a quick scalp. also 13 50 moving average cross over is one of my entry rules. r/Forex_Robots Sometimes I use bracketed orders to get my sell and stop orders in. 5 MINUTE GOLDEN CROSSOVER EMAs Used - 4,9,18 4 cuts 9 & 18 from above - Sell Entry 4 cuts 9 & 18 from below - Buy Entry EMAs Sequence must be formed for a valid entry - Always Adding PIVOTS to Golden Crossover gives the extra confirmation Hey guys, was wondering if any of you have had long term success with scalping on the 1 minute chart? Thinking about doing an ema crossover strategy and looking for pullbacks in a trend, and jumping back in on continuation. 1 minute scalping strategy . Reply reply 5 minutes or 3 minutes seems to smooth things out like Heiken Ashi but you can't see the trend change ahead of time. For example if I'm using a MACD-based trend strategy and things look bullish on the 1 min. Working on the double top/bottom with divergences and seeing a PPO crossover with an engulfing candle. Flags are trapping buyer and sellers in the middle forming a lot of liquidity on both sides and atleast one side needs to be taken. I think oscillators are more effective for higher time frames, even 5 minute… But I am beyond horrible at automating that strategy, so what my human-not-at-keyboard script looks for is super high probability 2 and 3 point reversal patterns. understand history repeats itself what is on the 1 min can often be lots of unnecessary noise, I use the daily chat / monthly / weekly / 4 hour / 1 hour / 30 min / 15 min / 5 min / 1 min but I would say the daily / 15 / 5 / 1 min I use the most not saying the 1 min is bad but if you are not using multiple time frames for your trades it at least For about a year now I have been trying to find a scalping strategy (1 minute or 5 minute) that has a high win rate and at the same time also provides at least 2-3 trading opportunities in a forex major pair every day. Basic trend following on 5 minute bar charts (21/8 MAs) 5 minute and 3/ minute Volume Profile (support and resistance levels, or high volume nodes for mean reversion trades, and daily volume profile for traditional profile analysis. 1 min. Get the Reddit app Scan this QR code to download the app now High Probability 5-Minute Forex Scalping Strategy For NZD/JPY upvote r/Forex_Robots. Had you waited 5 more minutes for candle close BELOW $17700, you would've been able to scalp it or take a trend trade without issue when it came back to retest $17700 another 5 minutes later at 9:55am. Sep 20, 2024 · The 5 minute scalping strategy for beginners offers a dynamic approach to trading that emphasizes quick profits from short-term price movements. 6 common timeframes that traders use together are the 1, 2, 5, 15, 60, D. View community ranking In the Top 1% of largest communities on Reddit. Scalping is literally taking profits off small price movements, so if you're wanting to hold for bigger gains, scalping ain't for you. Options are crazy volatile, especially on TSLA, so it's best to take your win and jump out vs letting it reverse on you for a loss. The MCAT (Medical College Admission Test) is offered by the AAMC and is a required exam for admission to medical schools in the USA and Canada. Gives a chance to know what levels are solid and tradeable for 5-60 seconds. 1 min and 3 minute are used to make an entry. Such indicators include moving averages, the RSI and the Also trading in 1hr 4hr chart but the strategy in 1 and 4 didn’t gave me the same results on the 5 min. That and they dont push courses or merch so thats nice lol You gotta find a method that suits your personality, it sounds like you’re more of a longer hold type of trader so use those strategies for yourself instead. I trade 5 min orbs here and there but i would say 90% of them are untradeable, you have to trade the higher timeframe trend if you are going to be trading that setup and it should either be breaking out or already broken above pre-market high/yesterday's high, there's a lot of nuances in the ORB Just wondering how can you take specific and precise entry positions when the spreads in forex force you to miss a candle or so when scalping the 1 minute or 5 minute. Even the big boys understand the market is not predictable beyond 5 minutes. Those scalping levels will also be from smaller TFs. 00-3. /r/MCAT is a place for MCAT practice, questions, discussion, advice, social networking, news, study tips and more. With the 1 minute chart I can see the candlesticks start to turn green and trend up while the 5 minute chart still shows a single red candlestick (I mostly buy puts). Trail stop on that entry strategy cuts my profits in half compared to a limit close at the point that historical data says I need to get out. . for the rest. Ema, Rsi, Vwap- with a trend. In your opinion what is the best stop loss strategy for scalping really low time frames like the 1-5 minute. 5 min chart. looks bearish, I'll probably not take that trade at that time. for catching the biguns. Related Topics Price must create a 5 minute range significantly smaller than the daily ATR (opening 5 minute candle [High-low]) Price may trade within the range, or breakout of said range. I would consider myself mostly a scalper, though I do take and hold some positions for a longer timeframe (which to me would mean like 10-30 minutes), but most trades are in and out in under a minute. 30 cents. I have been scalping s & p 500 and us30 basically using the same strategy, i use the 15 minutes and look for breakouts at the first 2 hours of opening of the market. I have more strategies, like 5 minute golden crossover. 1000 tick, 2000 tick, 3 min, 6 min and 15 min charts. The 5 minute scalping strategy is a trading technique used by short-term traders to capitalize on small price movements in the financial markets. I am looking for a 1 minute scalping strategy. According to the author, he has successfully applied it to trade the Russell 2000 on 1 minute charts. I only trade 1 min cause every 3 min or so is a trade in my eyes. Second you require several EMAs. That is just one example, where I've had the best results. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. I have seen videos showing strategies to enter as soon as a bigger candles closes for example but its impossible to have a precise entry when the spreads force you to put your So I've been playing with a strategy idea for a few weeks now in my downtime. I'm aiming for a strategy whereby I could use a 10x leverage, experimented a lot, lost a fair but and won nice amounts as well. By mastering technical analysis, employing robust strategies, and utilizing essential tools, traders can maximize gains in short time frames while skillfully managing risks. There are 60 5 sec bars in a 5 min. For daytrading always try to look at the week/month chart to see what the ‘big trend’ is, then on the 15/5 minutes chart go look for strategies, draw trend lines, use fibonacci or look for other indicators. You can reference NQ 5-minute chart 4/24 @ 9:45am to see example. r/Forex_Robots Get the Reddit app Scan this QR code to download the app now High Probability 5-Minute Forex Scalping Strategy For NZD/JPY upvote r/Forex_Robots. Scalping ATM strikes with lots of rejection showing in the PA ( wicks ) getting in and out is OK. The 1 Minute Indices Trading Strategy. but the 5 min. 5 EMA + Heiken Ashi Doji Reversal + 10 - 15 Minute Timéframe Nobody Can Beat This . I like to look at what I think the majority of traders would be looking at, so I prefer the 15 min. But I feel like the 5m chart is too slow in the morning when there is a lot of volatility. First, you need to commit trading Indices, Metals and Oil only. Again, I’m just looking for . Edit: id like to add that a 50% win rate is quite low for a scalping strategy… it should be up around 70-90%, at least in small cap nasdaqs, i dont know about futures. And Be Sure With Volume and Stochastic RSI ( 2,2,14 ) And Voila , Profits are going to be in your favour . It requires various technical indicators to provide trading signals. g. The #1 social media platform for MCAT advice. View community ranking In the Top 5% of largest communities on Reddit. com, a trading forum run by professional traders. In my opinion, traditional "scalping" is primarily dealing with very short term trades, mostly or entirely without using charts. for probably 95% of trades, 5 min. I’ve tried trailing , but it seems that it gets stopped out more often than not from small pullbacks. If you don’t like to wait long for moves like me, then I would suggest learning your strategy and taking it to the 1 min chart. I’m primarily a momentum scalper and I’m in and out using the 1 minute chart. Oct 21, 2024 · 5-minute scalping offers traders a dynamic approach to capitalize on market volatility effectively. Side note, your short term levels will be determined by the trading range from the last few days. My strategy is I watch the charts until I can identify what looks to be a bounce up or down I get in the trade 1. The image above is an example of the application of this trading system on a spot gold price chart with a 30-minute time frame. Reply reply More replies [deleted] What I have found to work for me, is a very aggressive scalping strategy where I rarely hold my trades for more than a minute or two. I trade primarily ES but watch NQ for clues on direction along with MACD and Cumulative Delta. I mark my areas with longer term charts and trade using a 1 minute and 5 minute chart. I prefer the higher tf. This is heavily dependent on strategy as someone scalping is going to have a lot more tradeable levels than someone swing trading. For me, I simply use the 1-minute and L2/T&S to trade off of, with occasional glances for levels on the 5, 15, 60, or dailydepending where the price is. Welcome to FXGears. I’m looking for an immediate bounce of the areas I mark. Sometimes 1 min is too choppy/low volume for certain instruments at certain time periods, and three minutes will suffice when making an entry. If you can do that hats off. I’m typically out of each trade within a minute. DOM + Footprint for granular order flow like absorption and delta imbalances If you're scalping, you should be in and out in only a couple minutes at the most. It involves entering and exiting trades quickly, typically within a few minutes, to capture small profits multiple times throughout the trading session. I’m very similar to his style. 1000 tick is far better than the 1 min chart. Trend Tracking Strategy in 5-minute charts. They've made a lot of mistakes so its been a useful learning tool. For me there are patterns that price action creates that only seconds charts reveal. 5 min. I only backtest my new scalping strategies on 1-2 months of data before live paper trading. Same consistent results less stress. Going beyond this timeframe becomes excessively time-consuming and will not give you any further edge. The results are getting better as Im getting more used to the strategy and isolating specific stocks which Im more familiar with. I like them and they are fun but the pricing is just to tight lately on ITM I have tons of strategies that have 100% win rates with huge returns. My Easy 5 Min Scalping Strategy. I am a couple weeks in using this strategy and becoming increasingly profitable. Hi, I wanted to ask what scalping strategies do you use. tsmjf jcbm souv kgeyug jiuypz yndnv tamzpxgf oowqgts sqnml dvp