I'm using an indicator called TMA to scalp the market on the 30 minute chart using 5 of the major currency pairs.
I've been working with the TMA indicator since 2015 in some way or another. Over the past 4 years, I struggled to be consistent with my scalping till I figured...Why not try scalping on a higher time-frame. Scalping doesn't necessarily need to be done on the m1 or m5 timeframes! This is when scalping started to change for me. The idea of scalping on a higher timeframe is a fairly new idea for me so there is no guarantees for long-term profit here but, I do have some mm safety net features to hopefully give the strategy longevity.
Starting this journal DOES NOT mean I'm going to leave my RMI EA behind. This is just a personal diary of what I'm doing on my personal accounts.
Strategy core basics....
-$2000 account minimum
-TP is 5 pips in most cases
-SL -10% of account
-Uses m30 timeframe
-10-30 trades per day
-Trades the EU, GU, UCAD, EG and EJ
-Martingale MM. The martingale is not a double up. The martingale is a bit more flexible as I want there to be more of an offset in lot size between the trading pairs.
-10-15% profit potential each month.
-All trading pairs work together as a hedge in my MM and profit taking.
Check the forward test stats on myfxbook here.
https://www.myfxbook.com/members/lil...g-test/3321881
Track my new LIVE performance here!
https://www.myfxbook.com/members/lil...ng-mam/3352628
I've been working with the TMA indicator since 2015 in some way or another. Over the past 4 years, I struggled to be consistent with my scalping till I figured...Why not try scalping on a higher time-frame. Scalping doesn't necessarily need to be done on the m1 or m5 timeframes! This is when scalping started to change for me. The idea of scalping on a higher timeframe is a fairly new idea for me so there is no guarantees for long-term profit here but, I do have some mm safety net features to hopefully give the strategy longevity.
Starting this journal DOES NOT mean I'm going to leave my RMI EA behind. This is just a personal diary of what I'm doing on my personal accounts.
Strategy core basics....
-$2000 account minimum
-TP is 5 pips in most cases
-SL -10% of account
-Uses m30 timeframe
-10-30 trades per day
-Trades the EU, GU, UCAD, EG and EJ
-Martingale MM. The martingale is not a double up. The martingale is a bit more flexible as I want there to be more of an offset in lot size between the trading pairs.
-10-15% profit potential each month.
-All trading pairs work together as a hedge in my MM and profit taking.
Check the forward test stats on myfxbook here.
https://www.myfxbook.com/members/lil...g-test/3321881
Track my new LIVE performance here!
https://www.myfxbook.com/members/lil...ng-mam/3352628