1分钟自由交易 (1min ind free trading)

Hi me again

I see patterns nothing hugely imaginative and nothing new but they jump out at me

1min ....Fast and furious hmm not really but if you got just a 30min window the 1min chart is obviously your choice if you want to day trade.

Indicator free .. I think we all get bogged down with charts that look more like pieces of art that would look better hanging on a wall than to trade off of

If I suddenly want to trade Futures again and move from MT back to my old charting software which can also give me Forex charts I would be pretty sick if I had a custom indicator on MT that I couldnt replicate on another programme.

Its also a Clutter free way of trading that uses just price action

We need

A good entry
A technical base for the entry
A sensible TP
A realistic SL

When we trade on a daily chart we often look at the high low open and close a few may put these lines on esp the high and low of the previous day after all its a proven point around which buying and selling takes place....because it is a technical level.

Now crunch that down to the smallest time frame and apply the same rules

We will look at 4 decimal places on price not 5 this will increase our trade rate

Entry

We get a low and a low that match side by side we go long

We get a high and a high that match side by side we go short

TP

As the entry takes 2 candles one beside the other we simple take the biggest candle from its high to its low and we make that our target.All we want is a move the size of which in the 2 bar set up price has achieved.After all if over the last 2 bars the biggest bar has been 5 pips why on earth would we think price will go to 10 pips from our entry before our TP is hit..this way we stack the odds in our favour

For this I load on my ATR in pips indicator and set it to 1 and 1.0
I can then open my navigator tab and using my cross hair see the biggest candle of the 2 as per my second screen shot

SL

If we go long our stop is 1 pip lower than the low of the entry candle
If we go short the stop is 1pip above the high of the entry candle

I looked at Friday roughly from US open to approx 9pm we had 30 signals

net pips 61

Its a good clean way to trade if some programming guru could make an indicator which should be fairly easy i could of done this in my old charting software but know jack about MT programming it would be great.

An EA to back test would prove simple and its just price we are using with no laggibng indicators

Thats it for now have fun

Paulus