Dear All,
I opened Plan Do Check Act Part II Scalping Strategy due the PDCA is on the M15
Now PDCA Part II on M5,
1. PLAN - Daily Target 20 pips or 60 pips
2. DO - Only Looking the valid signal Buy or Sell on M5 Time Frame
3. Check - Time to taken or to enter the trade is start 06.00 GMT to 18.00 GMT
4. ACT - To Enter Buy or Sell in the market when M5 candle BKO the previous H/L H4 Candle, mean if M5 candle close below previous H4 Low we enter SELL, to be confirm with CCI 14 or 30 as the momentum indicator, CCI 14 or 30 should be below -100 level, And if M5 candle close Above previous H4 High then we enter Buy, to be confirm with CCI 14 or 30 as the momentum indicator, CCI 14 or 30 should be above +100 level,
Recommend Filter
1. Plot Zig Zag, normal MT4 Set up, for bullish set formation if the price/ZZ make from LL to HH and HL and for bearish set formation if the price/ZZ make from HH to LL and LH
2. Alligator MA with set up 100, 55/50, 25 bullish formation Price cross up all alligator and make from LL to HH and HL, and for bearish set formation price cross down all alligator MA make from HH to LL and LH
Example of how the filter work
for detail see the example below,
Cheer good luck
I opened Plan Do Check Act Part II Scalping Strategy due the PDCA is on the M15
Now PDCA Part II on M5,
1. PLAN - Daily Target 20 pips or 60 pips
2. DO - Only Looking the valid signal Buy or Sell on M5 Time Frame
3. Check - Time to taken or to enter the trade is start 06.00 GMT to 18.00 GMT
4. ACT - To Enter Buy or Sell in the market when M5 candle BKO the previous H/L H4 Candle, mean if M5 candle close below previous H4 Low we enter SELL, to be confirm with CCI 14 or 30 as the momentum indicator, CCI 14 or 30 should be below -100 level, And if M5 candle close Above previous H4 High then we enter Buy, to be confirm with CCI 14 or 30 as the momentum indicator, CCI 14 or 30 should be above +100 level,
Recommend Filter
1. Plot Zig Zag, normal MT4 Set up, for bullish set formation if the price/ZZ make from LL to HH and HL and for bearish set formation if the price/ZZ make from HH to LL and LH
2. Alligator MA with set up 100, 55/50, 25 bullish formation Price cross up all alligator and make from LL to HH and HL, and for bearish set formation price cross down all alligator MA make from HH to LL and LH
Example of how the filter work
for detail see the example below,
Cheer good luck