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.
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.
#tradingview , #tradingviewscalping , #5minscalping , #5msmsvishnu
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Write a comment
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.