Five Minute Market Cipher Day Trade Strategy

evo

Site Admin
Joined
Apr 2017
Five Minute Day Trade Strategy
This is a solid day trading strategy that has been working consistently. And if you're making a short position, works great in conjunction with this Short Position strategy.
Set your Stop-Loss to 0.5% and yes, sometimes it may get hit. On average, you will hit the stop-loss about 6% of the time and receive around 8% in daily profits.
 
Joined
May 2021
From
Netherlands
Looks like a great strategy! What do you mean with "confirmed with two 5-minute green/red candles"? Do you mean the two candles after the green/red dot occured? Or do you include the bar where the green/red dot occured in the two candles, so one bar after the dot? Thanks in advance!
 

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