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5 and 15 minutes scalping indicator
Started:September 8th, 2014 (08:43 PM) by modanetfx Views / Replies:2,292 / 4
Last Reply:September 19th, 2014 (01:29 PM) Attachments:0

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5 and 15 minutes scalping indicator

Old September 8th, 2014, 08:43 PM   #1 (permalink)
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5 and 15 minutes scalping indicator

which indicator is best for 5 and 15 minutes TF scalping?

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Old September 8th, 2014, 08:43 PM   #2 (permalink)
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Old September 9th, 2014, 01:38 AM   #3 (permalink)
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modanetfx View Post
which indicator is best for 5 and 15 minutes TF scalping?

Obviously you are asking for an opinion since "best" is subjective and you'll get a different answer from as many traders as are willing to reply.

Try this out in your charting program, see what you think, imho, simple is best:

TF 300 tick chart sitting next to a TF 100 tick chart.

On both charts, add the following:


When the 4 moving average crosses the 8, trade in the direction of the 4 on the 300 tick chart
When the 4 crosses the 8 (on an open position) on the 150 tick chart, exit your position.

When chop or a sideways channel forms, stop trading until the trend kicks in again.

For NQ, use a 150 and 450 tick charts
YM, use 100 and 300
ES use 500 and 1500

Try this in real time on your sim account, let me know how ya do!


Ps, Sorry I dont have an answer on the Minute charts you were asking about, I dont think you should use them...

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Old September 11th, 2014, 05:38 PM   #4 (permalink)
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This post has been selected as an answer to the original posters question Answer


look, most indicators just try and tell you when to avoid chop. If you can't do this without indicators you're going to have a hard time identifying an indicator that filters out the chop you're looking to avoid.

You need to first learn to trade price action before you add indicators. Only then can you truly see if the indicator coincides with you're methodology.

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Old September 19th, 2014, 01:29 PM   #5 (permalink)
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I will add on to what @Itchymoku said.

Most indicators are lagging i.e. the are formed after price has been confirmed. This does not mean that that they do not hold it's place in successful trading. The longer the time frame, the easier and more profitable it may be to use lagging indicators.

For your trading, the time frame is a short one and scalping is a very difficult game in it's own right. It is made even more difficult with the use of lagging indicators as the precision and sharpness required in successful scalping is lost. This is not to say that it is not possible, but if that is the direction you wish to take, then you will have to customize your indicators and be selective in which ones you use and when. You will also have to be very selective in the setups that you apply them to.

The most precise and current "indicator" available is Price Action. However, you have to learn how to read it. Unlike lagging indicators, you have to do the work to extract the "indication" from price action. With enough experience, you Price Action reading may become as close to what you may call a "leading" indicator.

The advantage that PA gives you is the ability enter trades with "dreamland" R:R ratios. It will reflect in your final PnL by having bigger winner, smaller losers and overall, an increase in your win rate percentage.

I feel that PA would serve your trading method the best IMHO.

Good luck ,


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