Five Consecutive Bar Scalping Strategy# This is a simple yet effective scalping strategy that aims to take advantage of buying/selling program activity on the 1 or 15 minute timeframe (May work on other timeframes). This is a momentum trade so it is important to recognize there is controlled momentum for this to work.
Trade Setup:
1. First ensure the candles are controlled, indicating dominance by a strong buyer or seller.
2. Look for 5 consecutive bars printed in a row on the 1 or 15 minute timeframe.
3. For entry, set a stop short or limit buy order beyond the 5th printed candle.
4. Place your stop loss just beyond the ATR range or at the nearest invalidation point.
5. Aim for a minimum risk-to-reward ratio of 1:2.
This is not a trade recommendation and is intended for educational purposes only. If you choose to trade using this information, you do so at your own risk. Past performance does not guarantee future results.
- Tradetron3000
