TMT Scalping intraday forex pairs scanner

TMT Scalping intraday forex pairs scanner

This screener is related to the forex trading strategy that can be found here in the english forum: http://www.prorealcode.com/topic/tmt-scalping-system/

This forex pairs scanner is made to strictly found the actual pairs that are in accordance to the setup rules of the strategy:

The logic of the system means trading trendline breaks in the direction of the trend and momentum. Therefore, increasing the probability of the trendline break setup… Also, Drawing trendlines require knowledge in price action

COPY & PASTED RULES
Timeframe
M5 or M15

Buy Rules
1. Daily candle is Green
2. RSI Filter is Blue
3. MFI Meter is Green
4. Uptrend (7 EMA is above 20 EMA)
5. Price pullback inside 7 and 20 EMA
6. Draw TrendLine from highest swing
7. Wait for price to break above trendline and bar is closed
8. Set your targets

Sell Rules
1. Daily candle is Red
2. RSI Filter is Pink
3. MFI Meter is Red
4. Downtrend(7 EMA is below 20 EMA)
5. Price pullback inside 7 and 20 EMA
6. Draw TrendLine from lowest swing
7. Wait for price to break below trendline and bar is closed
8. Set your targets

 

Share this

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

New! PRC is also now on YouTube, subscribe to our channel for exclusive content and tutorials

avatar
Register or

Likes

avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar
Related users ' posts
mecon I was looking for the "pure" OSMA (moving average of oscillator) from MT4. Does anybody know...
Nicolas Please add a request on forums for any MT4 code conversion, thank you. Follow these easy ste...
mecon I will do so, thank you!
apachx Hi. Please, describe the algorithm in words. I want to understand how it works, but for now...
lumarino No penultimo minuto do Dow (20:58h) a simulação apresenta melhores resultados que no ultimo ...
lumarino Hello Leo. Good evening. Being a programming apprentice and in the PRT I would appreciate a ...
Leo Hi Luminario, b0 is a condition that the curve SMA1 is below SMA2. As long as this conditi...
Nicolas With: autoRenko=1 //automatic renko brick size based on 2 time ATR periods autoVolume=1 /...
Real Pro Thank you. I tried the following but it does plot but not as I'd expect. //PRC_Renko Bri...
Real Pro working now, sorry for the bother
ALE
5 months ago
ALE P01 , it’s the first patner of the indicator, I hope to add others in future.
ALE We can discuss about the strategy here: https://www.prorealcode.com/topic/scalping-indicator/
settival CIAO ALE CREDO DI AVER SETTATO PER BENINO LO SCALPING INDICATOR MA NON VISUALIZZO I SEGNALI ...
Onetime Bonjour je viens d'essayer votre indicateur sauf que moi j'ai pas les signaux ( les flèches ...
Onetime Pardon non enfait ils sont bien la merci
GianfrancoCeck Salve Nicolas. Ho provato ad inserire anche questo suo indicatore, ma sulla T3 ho sempre la...
Nicolas
7 months ago
swapping Bonjour Nicolas, comment doit-on modifier le code (ou ajouter la variable "style") pour que ...
Nicolas Il faut changer la dernière ligne du code par : return ibuf108 style(line,2) as "Vostro", ...
swapping Merci beaucoup Nicolas, c'est mieux ainsi ...
Toto le Heros Hi Nicolas, Thanks for this. Looks interresting. Unfortunately the display on my price gra...
Nicolas Use vertical axis alignment only in indicators setting
DonMasser Nicolas ( or anyone) would you know how to program a 'WAIT'. In other words, in auto tradin...
dzim0032 J'avais oublié de mettre un commentaire pour la vente du scalper dont les règles sont justes...
Sofitech What is the timeframe(s) you woul suggest to use for this method ?On Forex and/or on stock m...
Doctrading Hello, Higher timeframes are better. I suggest D1 or H4.Best regards,
Dimi.A Awesome mate.
mora87 Hi David and Nicola, I'd like to share idea with you guys which is related to David's Idea. ...
Nicolas Please ask for custom coding in forums instead.
learner Thanks maxxb for your response. Whys is it that I get results for long without having to rel...
proreal82 Is this indicator still useful or not..? Also I don't understand the above code tweaks from ...
proreal82 Testing it out, and sorry guys but this indicator is ridiculous. Don't use it!
Nicolas ..and what is the error please?
Bin Hi Nicolas I am IG user and the interface setup is in Chinese, a pop up windows show "indic...
Nicolas Please open a new forum topic for this particular error and upload pictures of it, would be ...
Naren Yanan what is    diplus  diminus  please
Barney Has anyone tested this algon now when PRT 10.3 was released?
Yngve does anyone know if the issue with the TP/SL is resolved ?
JakeDB Answered my own question....Sorry about this question. 5 positions, take profit at 15, loss ...
maxxb sto facendo girare in demo questa strategia modificata a 10 minuti con stop e profit ottimiz...
Manuel9z Hello, this strategy improves with the SL 30 and the TP 10. I have done backtesting and it w...
Doctrading Hello, As I said, I didn't use spread for the screenshot as I don't trade Gold and I don't ...
smurfy Hi, I had been losing on gold and after I manually go through the 5min chart using IG and w...
Wilko This code is the work of a simple genius! Profitability lies in simplicity and repetition.
Nicolas Good joke. FYI, you'll find many identified recurring patterns there: http://paststat.com G...
Yngve i added a MA as a filter, that improved the equity curve quit nice actually

Top