Highly Profitable 5 Minute Scalping Strategy For Small Account Growth - MACD + Stochastic RSI

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[dreadedd]

A few suggestions:
1. Limit backtesting to specific sessions. Given that nobody trades 24 hours a day (except BOTs) your backtest results would be a lot more meaningful if you limited them to specific sessions (Can Trader Edge do that?). For example, do one set of backtest results for London session, one set for NY session and one set for London/NY crossover.

[ismimiokumaktazamankaybetm]

so i did a backtest on EURUSD on my own with this strategy after 69 trades which took a little over 28 days (trading 24/7 even during late at night) and also no trades were taken when an another trade is active.
After the test was done I had 31 wins and 38 losses and managed to grow a 100k account into 108289 USD. So still profitable it seems but no where near that 30% figure you got, plus nobody can trade for 24 hours straight 28 days in a row anyway.

[dreadedd]

2. Monthly metrics. Given that most traders focus on monthly growth/returns maybe also include the results after 30 days rather than just 100 trades. That would allow people to evaluate how profitable the strategy is on a monthly basis. In particular, it would allow traders to determine if it could be used on a funded (prop firm) account. Most funded accounts require 10% growth per month.

[dreadedd]

3. Money management. Try using the trailing stop loss (MT4/MT5 have EA plugins for this) that moves the Stop Loss to break even once price reaches 1:1 risk2reward. This will reduce your drawdowns and increase your win rate.

[MarcusNeufeldt]

You should add another column to your excel sheet: gain on account vs time. This strategy is surely among the top 5

[mk_]

Do these strategies work long time? If so how?

[dreadedd]

4. Collaboration. Have you considered submitting your top strategies to the Trading With Daviddtech channel? This will provide several benefits including:
• His coding approach will provide additional confirmation of your initial backtesting results.
• Identify potential areas of improvement for the strategy.
• Provide an automated script. Something you could consider offering to your members to use with BOTs.
• Increase your channel visibility/size by collaborating with another well known YTer.

[Smoothinlife]

Thanks mate, this is an awesome explanation of the strategy!

[bigpapa]

Do you enter trades on certain sessions, or just enter anytime you see a trade signals?

[cemdeve]

You should use macd histogram and signal line together. Only enter when histogram is red and signal line under zero or histogram green and signal line above zero line. I bet you can achieve a much higher winning rate. I use this strategy combined with rsi(above 50 or below 50)and bollinger bands (length 100 deviation 2)

[theWSt]

Great, I like that strategy. Let's see if I find time to automate it. Thx for the video!

[kelvinrobinson]

Have you automated this strategy on your patreon site?
If yes, how would I use your strategy with Futures /ES?
Thx

[bryancaillier]

Thank you for the ideas. On the last example right before you go into the 100 tests, why did you use the candle before the cross that closed higher than the low of the crossover candle instead of using the wick from the candle that was a bit further to the left?

[gaelileo]

When you reach 100 we do a party. Can you do one about the SSL Channel?

[-mrputtz-]

Link to spreadsheet? Do you ever do these on futures?

[danomartis]

Where can I get access to the strategy ranking spreadsheet?

[dreadedd]

Review Suggestion: Review the Mogwai strategy (1min-5min scalp) from the Binary Destroyer (FX Learning). He constantly posts videos claiming an unrealstic 90+% win rates on his CTrader account.