Christiaan
Active member
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hey guys
So i bought this new indicator and decided to scalp it on the 1 minute timeframe and I thought i'd share it with you.The reason being that the profits I made(demo unfortuanly),i think considering the small timeframe (1 minute) is very big.
Another reason is that a lot of people say that trading the 1m frame is very hard or next to impossible.I don't disagree with them ...yet.I have only one day under my belt with this system nothing to get too excited about...yet.Now let's delve right into it.See the file attachements.
The indicator
name is the neuro strenght predictor and it paints you candle's four colours.Light green strong uptrend,dark green weak uptrend,light red strong downtrend dark red weak downtrend.
How i decided which direction to trade
That's easy I looked at the 15m frame and the 1hour frame.Both were in a uptrend so i decided that i'm only gonna buy.I only take trades from 7 am gmt to 9:30 am gmt.
The trades itself,okay there is a mecanical way about trading this indicator.When you get a light green candle you wait for it to close.If it closes light green you enter at the open of the next candle.You keep the trade open until you get a candle or bar that closes a diffrent colour,any diffrent colour.Though you can keep a trade open when it closes dark green (meaning weak uptrend)closing it immediatly i think is best.
If you look at the attachments everything will become clear.I'm not too excited just yet this is only one day's trading,having said that this indicator does looks promising ,it's mecanical no thought required and it seems that it can capture large profits even on a 1 min frame.
thank you
So i bought this new indicator and decided to scalp it on the 1 minute timeframe and I thought i'd share it with you.The reason being that the profits I made(demo unfortuanly),i think considering the small timeframe (1 minute) is very big.
Another reason is that a lot of people say that trading the 1m frame is very hard or next to impossible.I don't disagree with them ...yet.I have only one day under my belt with this system nothing to get too excited about...yet.Now let's delve right into it.See the file attachements.
The indicator
name is the neuro strenght predictor and it paints you candle's four colours.Light green strong uptrend,dark green weak uptrend,light red strong downtrend dark red weak downtrend.
How i decided which direction to trade
That's easy I looked at the 15m frame and the 1hour frame.Both were in a uptrend so i decided that i'm only gonna buy.I only take trades from 7 am gmt to 9:30 am gmt.
The trades itself,okay there is a mecanical way about trading this indicator.When you get a light green candle you wait for it to close.If it closes light green you enter at the open of the next candle.You keep the trade open until you get a candle or bar that closes a diffrent colour,any diffrent colour.Though you can keep a trade open when it closes dark green (meaning weak uptrend)closing it immediatly i think is best.
If you look at the attachments everything will become clear.I'm not too excited just yet this is only one day's trading,having said that this indicator does looks promising ,it's mecanical no thought required and it seems that it can capture large profits even on a 1 min frame.
thank you
