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welcome back to another scalping lesson
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soil here and today I want to teach you
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a five minute scalping strategy that
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helps you make consistent profit easily
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just make sure you watch this video
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Until the End because I'll mention
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important points which without paying
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attention to them you won't be able to
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successfully run the scalping strategy
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and practice all right as I said this is
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a five minute scalping strategy so here
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we set the chart time frame on five
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minutes this is the price chart of euro
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to US dollar but no limitation on this
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and you can use this scalping strategy
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on any other asset or Market whether
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it's Forex crypto or stocks the only
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requirement in terms of the asset or
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Market is trading volume and liquidity
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because this is a scalping strategy and
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the profit and loss that we're gonna
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make are small in terms of price
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movement so we don't want to experience
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any unreal price Gap or large spread
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between bid and ask prices that can
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damage our trade entry stop loss and
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profit and this is helping a strategy we
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must add three indicators for adding
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them here we click on indicators and we
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simply search their name the first one
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that we want to add is a ribbon this one
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moving average ribbon and we must change
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its settings
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and this is scalping strategy we only
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need two moving averages so we remove
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two of them from here both of our two
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moving averages should be exponential
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moving averages so we set EMA for them
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and both of them should be with length
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of 20 so here for this one we also set
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20. for the first one it should be based
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on high and for the second one it should
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be based on low alright as you can see
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we have a moving average channel that is
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following the price action closely the
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next indicator that we should add is
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andeon oscillator this one which is an
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editor specs indicator and it's written
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by Alex Grover we're going to use this
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indicator with its default settings and
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it's going to help us with confirming
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short-term direction of the market and
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the last indicator that we should add is
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CCI this one commodity Channel index and
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we should change its settings here for
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the length we set it at 100 alright
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everything is already set on the chart
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and let's see how we trade based on this
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five minute scalping strategy we use
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this CCI for identifying Trends longer
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term trends of the market when CCI line
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is below the center line which is zero
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the market is in a downtrend and when
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CCI line is above zero the market is in
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an uptrend so when CCI line is below
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zero we should look for short position
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opportunities now we must take a close
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look at the price action we want at
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least one candle that is closed inside
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this moving average Channel and after
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that we wait for a candle that has
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closed below the channel when the candle
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is closed below the channel then we take
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a look at the endion oscillator to see
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if it confirms the short-term downside
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movement of the markets or not the red
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line has above both of green and orange
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line so declining of the price is
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confirmed and we can open a short
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position here as this new candle is
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opened the stop loss for this trade is
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placed above the moving average Channel
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and the profit at the level that makes
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rescue reward ratio equals to if you're
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an experienced price action analyst you
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can stay on the trend until see signs of
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weakness or reversal or you can also use
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trailing stop and moving your stop loss
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after each pullback so you can get the
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most out of your position after this
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trade as you can see we had another
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opportunity for opening a short position
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here you can see we got a candle closed
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inside the channel and after that we got
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a candle that is closed below the
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channel and the on oscillator also
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confirms the trade because the red line
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is above both green and orange line so
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we can enter a short position here as
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this new candle is opened the stop loss
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for this trade is placed above the
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moving average Channel and this trade is
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also a profitable trade after this trade
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as you can see we got some candles
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closed inside the channel and then we
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got this candle which is closed below
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the channel but if you look at the
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endion oscillator you can see that the
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red line and orange line are actually on
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each other in this case we can wait for
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the next candle to see what happens here
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the signal is confirmed so we can enter
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another short position here here as this
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new candle is opened the stop loss is
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placed above the moving average Channel
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and this trade is also a successful
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trade because the price declined more
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after that as you can see alright moving
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on the charts we didn't get any candle
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closed inside the channel up to here
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this candle is closed inside the channel
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and after that we got this candle which
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is closed below the channel and the on
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oscillator confirms the trade so we can
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enter a short position here as this new
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candle is opened the stop loss is placed
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above the moving average Channel and
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this trade is also a profitable trade as
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you can see but it took a little longer
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time because here in this area the
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market went flat one of the strength of
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this scalping strategy is that it
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performs very well when the market is
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flat ccoi doesn't help us to know when
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the market is not trending but
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combination of this moving average
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Channel with this Indian oscillator
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helps us on this very well and unlike
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other Trend following strategies this
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strategy has the lowest just false
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signals in range markets for example
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this one is not confirmed by andeon
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oscillator because Redline is below
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Orange Line around here we didn't have
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any clothes below the channel up to this
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point where we got a close below the
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channel but it's not confirmed you may
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think that this one was a good trading
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opportunity and very profitable if it
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was confirmed but you must pay attention
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that this is a trend following strategy
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not a breakout strategy every range
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Market will finally break and it can
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provide good profit but as during the
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range Market where most of trading
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strategies fail and generate many false
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signals alright moving on the charts no
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signal around here and here we got some
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candles inside the channel and here at
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this point we got a candle closed below
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the channel but it's not confirmed by
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andeon oscillator and it did it
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perfectly you can see that the market
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again went to a trading range the market
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is completely flat here during this
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range Market we got a signal here but
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not confirmed also this one not
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confirmed and if we move on the chart we
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got another one here which is not
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confirmed you can see that our strategy
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is performing very well in range markets
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from here from this point CCI line is
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above center line so we should look for
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long position opportunities similarly we
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want at least one candle closed inside
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the channel and then we want a candle
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that is closed above the channel for
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this long position signal to be
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confirmed in andeon oscillator the green
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line should be above both of red and
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orange line here for example we got a
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signal after having some candles closed
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inside the channel we got a candle that
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is closed above the channel but it's not
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confirmed also this one not confirmed
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another one here not confirmed you can
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clearly see that our strategy is
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performing very well when the market is
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not trending from here CCI again went
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below center line so we look for short
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position opportunities but if you have
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noticed the market is not trending CCI
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is not able to show non-trending Market
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to us it just alternates above and below
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the center line when the market is not
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trending but this indicator in
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conjunction with this moving average
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Channel perfectly helps us on this and
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you can see that we don't have false
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signals and when we get a potential
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signal and the on oscillator doesn't
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confirm moving on the charts from here
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CCIS above center line so we should
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focus on Long position opportunities
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this one is not confirmed this one also
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not confirmed and moving on the charts
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we didn't have any candle close inside
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the channel around here and we got here
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and after that we got a candle closed
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above the channel and the on oscillator
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confirms the signal because green line
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is above both of red and orange line so
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we can enter a long position here as
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this new candle is opened the stop loss
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for this trade is placed below the
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moving average Channel and the profit at
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the level that makes the rest to reward
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ratio equals to alright moving on the
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chart we reach to an important Point
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here as you can see we got a signal here
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it's a confirmed signal so in practice
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we would enter a long position here at
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this point with the stop loss below the
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channel and the profit at the rescue
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reward ratio of 2 but this was not a
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good signal not providing our desired
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profit and this trade would definitely
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end up in loss because we would keep
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this position open in the hope of
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reaching the target unless we close it
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around here so you must pay attention
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that this strategy like any other
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trading strategies can give you false
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signals this strategy is very powerful
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with very high win rate but it doesn't
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mean that it generates 100 guaranteed
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signals and losing trades are part of
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the game and you need to manage the risk
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properly there is a risk management
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strategy that is called one percent roll
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and it's a perfect choice for scalping
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strategies I have a complete guide on
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this the link is also placed in the
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description of this video and I highly
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recommend you to watch it because
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without a prop for risk management
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strategy you will not be able to
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profitably execute the scalping strategy
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that I explained in this video not only
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for this strategy but for any other
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trading strategies that you want to use
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you need to manage your risk properly
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alright that's it thank you for watching
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this video if you have any questions
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feel free to ask and leave a comment for
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me I'll answer your questions as soon as
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possible if you haven't subscribed to my
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Channel Please Subscribe and hit the
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Bell so you get the notifications of my
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new videos see you guys in next video
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and good luck with your Trading
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foreign
