70# 5 min scalping with 5MSM VISHNU Indicator -TradingView-

Trend Following Strategy

Donchian Buy and Sell filter

Submit by Janus Trader

5 min scalping with 5MSM Vishnu indicator is a scalping strategy based on 5MSM VISHNU Indicator for Trending Markets originally written by Patrick1994.

It was originally based on the MACD 12-26 and the 50 bar EMA. In the strategy there is a Momentum indicator as a Donchian Channel filter by (Ualgo). This strategy was designed primarily for stocks. the indices the oil.

Setup Strategy

Time Frame 5 minutes

 

Currency Pairs volatile with low spreads, Nasdaq 100, Gold, Stocks, BTCUSD.

5 min scalping with 5MSM VISHNU Indicator  -TradingView-
5 min scalping with 5MSM VISHNU Indicator -TradingView-

Indicators

5MSM Vishnu indicator default setting (in style remove trailin stop lines) changes Ema from 200 to 21.

Donchian Channel filter 40 periods.

Trading Rules

Buy

5MSM Vishnu buy arrow

Donchian Channel green zone.

Breakout zone green with buy arrow in red zone (optional).

Sell

5MSM Vishnu sell arrow

Donchian Channel red zone.

Breakout zone red with sell arrow in green zone (optional).

Exit position

Place initial stop loss on the previous swing high/low.

Profit target ratio stop loss from 1:! to 1:1,2.

Money Management fix 1.5%.

 

In conclusion, a simple strategy also suitable for beginners with an expected profitability of greater than 58% with the rules adopted.


5 min scalping with 5MSM VISHNU Indicator  -TradingView-
5 min scalping with 5MSM VISHNU Indicator -TradingView-
5 min scalping with 5MSM VISHNU Indicator  -TradingView-
5 min scalping with 5MSM VISHNU Indicator -TradingView-
5 min scalping with 5MSM VISHNU Indicator  -TradingView-
5 min scalping with 5MSM VISHNU Indicator -TradingView-
5 min scalping with 5MSM VISHNU Indicator  -TradingView-
5 min scalping with 5MSM VISHNU Indicator -TradingView-
5 min scalping with 5MSM VISHNU Indicator -TradingView- Indicators
5 min scalping with 5MSM VISHNU Indicator -TradingView- Indicators
indicators.rar
compressed file archive 7.9 KB

#tradingview , #tradingviewscalping ,  #5minscalping , #5msmsvishnu

Write a comment

Comments: 1
  • #1

    RXM (Wednesday, 28 December 2011 05:43)

    This system looks consistent and profitable! Will be demoing it.

    Wondering if anyone had any probability statistics for the system.