It is setup perfectly...! Actually it shows your brokers spread on the pair you have attached the indi. The second way, and the main reason to use this indi is to calculate your lot size based on your stop loss and risk appetite. For example, type ...

More simple is impossible

I'll give this idea a go in january... this strategy works really great and like you said, if we double/trible the account it is fine. When kill it, there will be always the next small deposit I keep you guys up to date how it performs

Magic 5 - five pips only

maybe... take a look at the M5 timeframe and check the signals

Magic 5 - five pips only

Using a simple trendline explains the problem here when resistance turns into support image

Magic 5 - five pips only

2 quick winners and done for the day GJ +7.5 (tp was set at +5 but got slipped by +2.5) image EJ +5 image

Magic 5 - five pips only

Why a chatgroup when you have the Forum here???

Magic 5 - five pips only

This is discipline! He sticks to his trading plan and that is all about. When you do this for months and you are consistently profitable, then you can start to crap some extras and bonuses.

Magic 5 - five pips only

Have to say a big thanks to TK too!!! This strategy is really a nice thing to handle and very very effective!!!! Had two three trades this morning, two winners and a loss on EURUSD, which was my failure because it was tooooo close to the daily ...

Magic 5 - five pips only

You are using a RSI 21... tk5 suggested a period of 8

Magic 5 - five pips only

I think a good way to handle is to have an eye on the RSI! Also a good way is to close the trade when there is an opposite signal! Using the last swing low etc is a worst case SL and will take too long to recover. Will test it next week and then we ...

Magic 5 - five pips only

This strategy really caught my attention! Actually on my visual backtest, I made now over the weekend, says that the winning rate is quiet high! The piont is now to find a reasonable Stop Loss rule... When I check some pairs we need around 15 pips ...

Magic 5 - five pips only

Easy enough!!! BUT, in the example in post #17 on page 1 price came out of the overbought area and the trade got closed in a loss... So, is there now any reason for not askin this question?? Imagin a newbie is looking at the picture of the above ...

Magic 5 - five pips only

Hey tk5, would you please be so kind and explain me how the RSI takes place in this strategy? which criteria should be present to filter the trades to say "yes" enter the trade and "no" stay out.

Magic 5 - five pips only

thanks for your hard work here!!! really appreciate it !!

Magic 5 - five pips only

Yeah, same here!! It was a straight punch in the face on this trade... Anyways there is always the next trade

"Scalping" in 1 day charts

USDCHF is worth to keep an eye on it !!! image

"Scalping" in 1 day charts

Yeah, same here! 500 Pips in 1 hour and I would be more than happy

"Scalping" in 1 day charts

I hope you didn't get stopped out... My trade is still running. Got in at 1.1280 when the retrace happened. And it did happen very nice as we can see here on H4. Beautiful retest of the trendlines and now I want to see a nice and hard push to the ...

"Scalping" in 1 day charts

Iam absolutely with you! The breakout happened with some solid volume, so we should see a small retrace back to the trendline with some lower volume and the a strong push mit high volume down. The we might have a trend change. image

"Scalping" in 1 day charts

It was at the last swing low at 1.4936

"Scalping" in 1 day charts