The target is now only a little above of the entry price of the first partly position: If the price makes an even bigger pullback, as labeled in the next screenshot, then a fourth partly position is opened. Also, we do not recommend reversing short-time positions (scalping because the profit will be decreased by the value of spread. Copier does that dirty job for you. The next section will explain in detail how you will be able to do that and how you can even automate the trade entries and exits with the V-Power System. Article 4: The Emotional Roller Coaster. You will probably get a complete new view on the financial markets. At the same time the target price is automatically set nearer to the actual price. All our EAs can even trade multiple pairs at the same time separated by magic number. With our high probability day trading strategy for forex we want to select only the best Level1 moves for our entries.
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In the following screenshot you can see the picture perfect V-Power entry signal. Check out our promotions page, get a discount forex strategy tester download for this software and buy great EA packages! Now imagine how big your winning trades can get if you enter directly after a V (or inverted V) on the daily time frame has formed and when you enter with a tiny stop on the time frame. This is a great help to properly analyze the direction of the bigger trend. We can offer such a software to you. Note that there are some warnings: You may lose money when Source (which you reverse trades from) earns something, so be careful when you choose the source to reverse orders from. We need to see an additional move into the same direction as the previous day. The following screenshot shows the bigger picture, the trend on the time frame. Rule #2: A tight range must develop during the Asian session with a duration of 10 hours! Then you will be able to enter trades of highest quality on a regular basis and you will join the absolute elite club of professional traders. The screenshot is showing the H1 time frame. . Maybe you now start seeing some similarities at both setups in the following screenshot The first similarity of both setups is that the price move of the day before the reversal occurs ends near the extreme price of the day.
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The special form of the sharp reversals (Vs and inverted Vs) gave the system it's name: If you want to enter into high probability trades during Level1 then you can't select any V- or inverted V -shape pattern and hope for a profitable trade. The rule set that you apply should make sense in relation to the size of the highest probability zones. This action forms a sharp reversal on the price chart with which the smart money induces anxiety into the herd. You will learn everything you need here on this page. . With time more and more traders of the herd are closing their position in panic. So your balance grows every time when some money is lost on the loser. With the sharp reversal against the previous direction the mental shift from thrill/euphoria to anxiety within the herd is now completed! The strong bullish candles will reach the highest high of the sideward channel (accumulation pase) very fast. You can change settings such as trading time, reverse the system and much more.
But if the temperature of the next days is 25 degrees lower then you will feel this temperate shift totally different. This additional move also grabs protective stop loss orders of many traders of the herd who were positioned against the direction of the trend and now get kicked out of their position by a few pips. We need a few more rules to find our highest probability setups. I don't think you can have a bigger edge over the market as a retail trader. You can start trading with micro lots such.01 and grow up your account. You can compare the effect of the emotional shift with the temperature of the air.
And as you will later see you can dramatically boost the profitability of the setups by using the bigger picture. The more you gain experience through training in the Strategy Tester and through live trading, the more you will develop your skills and your own trading style. Rule #4: Choose only those entry signals which occur at least 20 hours after the tight accumulation range started We are still not completely finished with defining our high probability day trading strategy. Now the long entry will be triggered! At this point after I see the pin bars I'm already alerted that a forex strategy tester download great setup can occur! The trend analysis is labeled in the following screenshot. Therefore, the V-Power EA uses an approach that takes advantage of any type of price movement in direction of the initial target. You can place the trades which are indicated by the V-Power EA manually or you can use the automation possibilities of the EA (semi-automatic entries and trade handling). Therefore, after many years (since 2010) of analyzing the charts especially to detect the highest probability Level1 reversals, I came to the conclusion that: - the setups with the highest probability of success and those which produce on average a big subsequent move are the setups. These trades can be hold for multiple days or even weeks. You will love this powerful combination: edge of smaller picture edge of bigger picture Join today and take advantage of the 20 introductory discount. Get your own copy of: Scalping Strategy System.0.
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Good to know: This trade handling approach ensures a very high winning percentage which makes it emotionally relatively easy to trade with the V-Power EA! Of course, you do not want to manage positions manually on each of the trading platforms; that would take a lot of time and energy. If you would have risked 100 with this trade then you could have earned 1300! The smart money must absorb the orders from herd carefully without reversing the direction of the trend too early. A new profit release phase (a new 3-day-cycle) has started. Its fairly easy to create an EA which shows a good performance report in a low quality backtesting environment. So, you know some good trader or account with profitable EA and you want to follow his/her trades. The process of actively and silently accumulating a big position from the herd takes time. Related Projects - Works directly on Renko charts - No market noise - Easy and fast setup - Stick with the trend! Expert Advisors which do not show good 99 backtest results are not worth the time and the money. It is a great tool start for beginners to jump into auto trading. Such big winners can only be achieved with the tight stop of the day trading entry method combined with the trend of the bigger picture. Rule #3: An additional move out of the tight range in direction of the previous day must develop We need a more rules to find our highest probability V-Power setups.
This version comes with great new features such as : Great more informative info display, new bugs and lags free source code core. This accumulation is a covered operation from the smart money. Strategy System, this time we would like to introduce you with our. Join The V-Power Today Here is the summary of the forex day trading rules for our high probability entries with V-Power: Rule #1: Search only for V-Power Setups after a day which closes near the high / low of the day! Rule #1: Search only for V-Power Setups after a day which closes near the high / low of the day! The left red arrow labels the point where the downward trend was indicated by the boxes of the V-Power.
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Article 2: Edges Which Will Work Forever. And if you correctly apply the rules then you will see that 2 rectangles are giving us the high probability trades which we want to trade with the V-Power system. In order to fully understand the concepts of the underlying forex day trading strategy you should read the following 5 articles first : Article 1: forex strategy tester download How To Exploit The Smart Money. The following screenshot shows where the herd is in the "bullish euphoria"-state: Here you can see where the herd is in the "bearish euphoria"-state: This additional move is the final accumulation trick initiated by the smart money. The following screenshot of the time frame H1 shows the end of the trading day with the vertical dotted lines: As a rule of thumb: The earlier an entry signal occurs in the day the bigger can be the subsequent. But the further you go away from these key turning points the lower the probability will be that the price will reach this price level. The price does NOT need to go to the initial target price to give us a nice winning trade: If the price makes a bigger pullback, as labeled in the next screenshot, then a third partly position is opened. From the explanations about the amount of time it takes the smart money to accumulate a massive position size we can now define the fourth rule for our forex day trading strategy. With other words: You will have the highest probability of success near the key turning points! As you read in the article "The Smart Money 3-Day-Cycle" I call the first day of the 3-Day-Cycle. This will give us more structure on the chart.
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The smart money absorbs all incoming short orders from the herd. Reveals the Dark Side of the EA Strategy. Customizable lot size management, check out our latest version video presentation: Version.4 Video, version.0 Video. Unprecedented Accuracy 99 backtest using high-quality tick data and a real variable historical spread is the most accurate test you can do on MetaTrader. With time you will get experienced and you will know what to look for. This means that a big enough subsequent move will occur after our entry to give us a good profit on a regular basis. We will later come back to this free space: From the explanations above we can now define the second rule for our forex day trading strategy. Now your account trades exactly like the Sources one, and you do not have to worry about opening trades manually. Start earning profit at the professional level.
Install our Copier and specify your MetaTrader as Receiver and the forex strategy tester download source MetaTrader as Source. It is much easier to judge past performance looking at the most accurate test report. Such trades can produce crazy big winners as you can see with the green arrows: Not all trends on the daily time frame start with a V- or inverted V-formation. A free space develops below (when we wait for bearish reversals) and above (when we wait for bullish reversals) the tight range. The Level1 is the most important level for entering with the forex day trading strategy explained on this page. If you dont know how to set up this EA dont worry there.set file included and users manual guide so you have everything you need to get started!
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The concepts of the day trading system which you will learn here and which I teach since 2012 can directly transform you into a winning trader! There can also develop other types of reversal candle stick patterns. For the smart money it takes either a bigger amount of time to accumulate a massive position size or it needs to take out a major support / resistance zone (a price level with big amount of stop orders from the herd). Bullish pin bars and other bullish reversal candles will now emerge. Buy trades will be entered when the price moves above the upper boundary of the accumulation range.
The useful strategies that I know differ a lot regarding the time and effort you need to invest to trade the setups and how easily they can be (at least partly) automated. And the automatic technical analysis of the V-Power Trading System will guide you to high probability entries into these Level1 moves. Or you may have some EA which is always losing money, so you can install this EA on Demo and make this demo account losing (which is fine as long as you do not risk your own money). After stopping the trend of the previous 3-day-cycle (with reversal candle patterns) and further adding to the own position the smart money now produces the first strong and full bodied candle(s) against the direction of the previous day. The candle of the daily time frame closes near the high of the day (before bearish reversal) and near the low of the day (before the bullish reversal Because the daily candle closed so strong many of the already positioned. All we can do is to logically think about how we can further add to the probability of the setups which we will select. Before you read further you can download the free version which you can use for an unlimited time on the pairs audjpy and eurcad on live charts and you can train your skills on all trading instruments. Scalping EA Robot for your needs.
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In this test period Scalping EA produces no draw downs, the win ratio is 100. It is possible to turn on or off lot rising mechanism. Because we are only examining the signal chart here (the time frame H1) forex strategy tester download we can't see the bigger picture and can't see the major support / resistance zones. A tight range is a good sign that the smart money is silently accumulating it's own position. This is common sense. We start with adding the period separators to the chart to see where a trading day ended and where the new day starts.
These chart patterns gave the forex strategy tester download name to the V-Power system. For example, when a sell order is opened on aloser then a BUY order is copied to your account. Therefore, in the following screenshot I have labeled all additional areas for high quality entries which are in direction of the trend. Let's proceed Join The V-Power Today For our highest probability V-Power setups the Asian session should have a special look. Lots of settings: You can customize this. The ideal solution would be to work on one MT4 terminal and mirror your trades to all other accounts which you manage. Rule #5: Choose only those entry signals which occur at least 5 hours before the trading day ends This was the last rule which was added to define the V-Power trading system on the signal time frame.
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From my own experience I can't emphasize enough how important it is to trade only highest quality setups. These setups are not AAA setups but still AA quality because they are in direction of strong trends: Now you will see an example of a AAA trade which had the potential of a 13R winner (1R the initial risk of the trade). The following chart shows the daily time frame. The average price comes nearer to the actual price. The purpose of the rules is to let you detect high probability setups which give you a big edge over the market.
The position which the smart money has actively accumulated during the tight range and during the final stop hunt move will now be distributed to the herd at a better price with huge profits. This move should be not too big. The path price from the entry signal to the initial target is the upward trend which we expect to see because of the V-Power signal and the highest probability zone: But we will never know how the path of upward trend will look like! Scalping ea system.90 Unlimited accounts Lifetime MetaTrader 4 Buy Now! Each field is explained, what it does and how it would effect your trading. Because we want to have a biggest possible edge over the market we should only trade the setups which produce an entry signal not too late in the day. A nice tight range during the asian session, followed by an inverted V-formation (stop hunt above the tight range and a sharp reversal to the downside In the following screenshot you can see that this setup could have produced a 13R winning trade. . From the explanations about the trading sessions and when the biggest moves of the day occur we can now define the fifth rule for our high probability forex day trading strategy.