503# Orizzontal Scalping

Trend magic with price action and momentum

Submit by GLW 13/02/2016

 

Orizzontal Scalping is a intraday tecnique based on more trend magic indicators and momentum indicators as Stochastic and Commodity Channel Index. This technique is profitable but you must practice.

This technique is profitable but you must practice.

 

My advice is to use it on time frame of 15 minutes, then after having learned well you can apply it to the time frames of 5 min.

Time Frame 5 min and 15 min.

Financial markets: any.

 

This technique can also be used with success on Binary Options high/low.

Expiry time 2-3 candles.

 

Metatrader Indicators for the template MT4

Trend Magic CC 30, Atr 120, Atr multiple 1.6 (green line);

Trend Magic CC 30, Atr 120, Atr multiple 3.2 (yellow line);

Trend Magic CC 50, Atr 170, Atr multiple 5 (sienna line);

Trend Magic CC 80, Atr 320, Atr multiple 8 (orchid line);

THV4 Pivot levels;

Commodity channel index (5 period) with Stochastic (5,3,3).

 

Rules for Orizzontal Scalping

Trades only in the direction of the trend.

 

Buy

Trend Up Condition:

Trend Magic CC 30, Atr 120, Atr multiple 1.6; (green line) > Trend Magic CC 30, Atr 120, Atr multiple 3.2; Trend Magic CC 50, Atr 170, Atr multiple 5; Trend Magic CC 80, Atr 320, Atr multiple 8;

Wait that the price bounces around the area of one of the magic trend indicators. Confirmation with Stochastic that crosses upward and CCI crosses above the line of stochastic.

 

Sell

Tren down condition

Trend Magic CC 30, Atr 120, Atr multiple 1.6; (green line) < Trend Magic CC 30, Atr 120, Atr multiple 3.2; Trend Magic CC 50, Atr 170, Atr multiple 5; Trend Magic CC 80, Atr 320, Atr multiple 8;

Wait that the price bounces around the area of one of the magic trend indicators. Confirmation with Stochastic that crosses downward and CCI crosses below the line of stochastic.

 

Exit with fast profit target that depends by currency pairs and time frame or on pivots levels. Initial stop loss on the previous swing.

 

Tip: The part, more discretionary, of this strategy is to identify when he price bounces around the area of one of the magic trend indicators. Practicing on this aspect.

 

Especially for trading on binary options.

In the pictures Orizzontal Scalping in action.

Orizzontal Scalping
Orizzontal Scalping
Orizzontal Scalping
Orizzontal Scalping
Orizzontal Scalping.rar
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Write a comment

Comments: 5
  • #1

    James (Saturday, 13 February 2016 19:09)

    Hallo' GLW , thanks for sharing ! Trend Magic indicators does repaint ?
    thank for replay !

  • #2

    GLW (Saturday, 13 February 2016 20:10)

    Hi James,
    Trend magic is set with long periods. It plays well the direction of the market.
    Trend magic is as important as support or resistance.
    Trend Magic does not repaint because it was built with CCI and ATR.

  • #3

    James (Saturday, 13 February 2016 21:15)

    Ok GLW , thanks for quick reply.
    Another question : with different settings of four TrendMagic , it's possible also 1 min. TF ?
    Thanks!

  • #4

    GLW (Sunday, 14 February 2016 12:24)

    1 minute time frame is too fast.

  • #5

    NAS (Thursday, 03 March 2016 23:56)

    TREND MAGIC IS BRILILANT, THANKS A LOT. Is there any chance of turning two trend magic line crossing into an oscillator.

    Thanks in advance,