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 avatar avatar
Related users ' posts
dzim0032 J'avais oublié de mettre un commentaire pour la vente du scalper dont les règles sont justes...
Doctrading Hello, Higher timeframes are better. I suggest D1 or H4.Best regards,
Pinkybouh hello, I propose to add another conditions: ie: haussier: close > open and close >...
TheHovisTrader I'd be interested in the actual profit of this - in the example the stop range is at least 2...
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...
eiffel Hi Smurfy, hope you are still there... I would like to help you to write and test the code.
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
Doctrading Hello,  The strategy should be improved, no doubt. But it was just one of my ideas, which h...
ALEALE Yes Nicolas is very difficult, macro economic data can destroy any work!!  
styrke depends which.. I personally think that it's much more easier to trade on XBTUSD, try to co...
GraHal I adjusted for GMT (minus 1 hour on all times) ... no trades. Might it be because the code ...
GraHal Ooops got that excited I sent that last one twice! ha (and can't delete it, sorry) I got it...
Eric n = 3  dont forget to allow 3 contract in proorder
Doctrading Hello, Someone asked me something (his results seemed to be different) on my email, but it ...
Glen Marquis Not your best..So what is your best strategy? :)
Benjamin Costa Ok thank you for your answers. Gianpiero, i have an Interactive brokers account. Noisette, i...
oldup It works on ProOrder - but  I don't like the maxWin = MaxLoss.    
oldup Just divise StopLoss /2 - Result is better  
Doctrading Bonjour, Tu as raison, il faut faire attention à la fiabilité de certains backtests. Le pro...
Duccio Hi DocTrading, I've backtested your strategy and I notice that 75% of position have been cl...
Doctrading Hello,  No, I don't use this strategy on real account, because my own strategies (that you ...
Degardin Arnaud Many thanks for this indi! Good results on SPA35 con Timeframe 130min, I only modify this "(...
komiko 9a marche pas ? le code sur prorealtime "erreur de syntaxe l'instruction retur et autorisée ...
Nicolas En effet, il s'agit bien du code d'un indicateur et non d'un screener ou d'une stratégie de ...
Doctrading Sorry for the mistakes... My "Copy - Paste" did'nt work properly. Defparam cumulateorders...
Doctrading Hi all, Here is the new version, which is better :
Doctrading Defparam cumulateorders = false n=1 // Plus le "ratio" monte, moins il y a de positions ...
luigiR Hallo doc, thank again for your strategy but can you suggest me  an example of the optimizat...
Wilko Do NOT take this system live! The backtest results will never be repeated live due to a shor...
mrripley99 So I've played around with this just recently and have achieved some good results in an IG d...
Doctrading Maybe you can also change the hourly beginning of the day (not 23PM but 12AM, OOH in french)...
Duccio Hi Doctrading,there is a way to control the max loss of the positions in this code? For exa...
Doctrading Hello, Yes, there is a command I think, but I don't know it. Nicolas knows it. You can als...
Pierreee That a realy great strategy !!!  It's realy profitable in daily trade. I'm gonna put some ...
entony hello timeframe on what works best and how couples ??grazie
111111dw i am running this on the cac 5m time frame but the results are very different from the backt...

Top