197# Scalping Signals Filtered by Trend Meter
Submit by Joy22 2024
This trading system provides two types of signals the first a basic buy and sell signal the second a strong buy and sell signal. Both are filtered, confirmed by the trend meter, but for the strong signal the confirmation can be delayed up to 3 candles after the signal confirmation.
Strategy Setup
Time frame 3 minutes or higher.
Currency pairs: any.
Platform TradingView
TradingView Indicators
Scalping signals default setting but In the style uncheck lines.
Trend Meter default Setting
Rules for the Strategy
1. Entry Criteria
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Buy Entry:
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Condition 1 (Buy Signal):
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The Buy signal is triggered .
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Trend Meter confirms with a bullish alignement,
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Condition 2 (Strong Buy Signal):
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The Strong Buy signal is triggered bullish alignment within three bars of the signal appearing.
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Sell Entry:
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Condition 1 (Sell Signal):
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The Sell signal is triggered .
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Trend Meter confirms with a bearish alignement,
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Condition 2 (Strong Sell Signal):
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The Strong Sell signal is triggered bearish alignment within three bars of the signal appearing.
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2. Exit Criteria
Exit at oppposite arrow or with:
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Take Profit (TP):exit at the target profit, or at the ratio stop loss 1:1.2 – 1:1.5
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Stop Loss (SL):
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Place SL just below/above the previous swing High/Low.
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Trend Meter: link for install, add indicator to favorites.
EMA Trend Meter for install add indicator to favorites
197#Scalping Wave with 123 pattern
Submit by joy22 12/03/2012
Time Frame 5 min.
Currency pairs majors.
Indicators:
MTF Fractals (240)
T3 MA
KG Wave Major
123 Pattern VI
Long Entry:
123 Pattern buy arrow
MTF Fractals red arrows
T3 MA Blue
KG Wave Major Blue
Short Entry
123 Pattern sell arrow
MTF Fractals blue arrows
T3 MA Red
KG Wave Major Red
Stop Loss: the previous swing
Profit Target 8-15 pips.
In the pictures Scalping Wave with 123 pattern trading system in action.
TMA indicators
Share your opinion, can help everyone to understand the forex strategy.
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#2
Please, I want 123patrern v6 mt5 indicator
My email: dee33317@gmail.com -
#1
Thank you joy22 for the system!
May I ask what the difference is between 123PatternsV6 and V6.1?
Also, do you have an alert function if an arrow shows up?
Thanks, Endre
endre1986 gmail com
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