I don’t remember where i found this strategy ut looks like very very simple and interesting and i though to modify and post it here.
This chart it is from today i made some test on demo and i was profitable.
So guys for you who scalp make a test on demo i hope it will help you.
1. Did you try to use EMA instead of SMA?
2. What are the hours of trading? Because in some hours spread could be bigger what has huge meaning when we use 1M timeframe. I think London session would be the best.
3. Did you try to use bigger timeframe (5M, 15M)?
4. Reachjj asked and I also want to know – how we can tell what trend we have on 1H and 4H. Do we use also 200MA or something else? What if it seems flat?
5. What are the daily pivot points for, you did not mention them when you described enters and exits or I do not understand something?
Thanks for sharing