5 Minute Scalping Strategy With Magic Indicator
Scalping Is Valuable Technique In Volatile Market
Here is just one technique using a favorite indicator. We will provide more in other videos.

5 Minute Scalping Strategy – This MAGIC INDICATOR is a GAME CHANGER
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5 Minute Scalping Strategy With Magic Indicator
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FULL VIDEO TRANSCRIPT
what’s going on everybody yeah welcome
back to my trading journey in today’s
video
i am going to be showing you guys an
awesome indicator strategy for scalping
so scalp and trading it’s it’s become
very popular and i’ve been getting a lot
of requests
about you know making some videos on
shorter time frames so this is going to
be on a five minute time frame uh great
for scalping forex great for scalping
you know crypto like ethereum bitcoin um
this is also great for scalping the
stock market and and a lot of the
trading that i do is is in the u.s stock
market so i’m going to be showing you
examples and how to set this up using
the qqq uh
as an example the nasdaq
uh five minute chart and uh yeah let’s
let’s get right back into it before i
get started i always have to say right
this is not financial advice i’m not a
financial advisor this is for
educational and information purposes
only so
uh let’s get into it so there’s going to
be two indicators that we’re going to be
using for this and i’m also going to
teach you guys
you know where to put your stop-loss
where to take profit how to set those up
as well as wait till the end of the
video watch till the end because towards
the end i’m also going to show you how
to set up indicators
and alerts
where
it gives you you know you when it gives
you a buy or sell
alert
you know exa you know you’re not just
watching your charts all day long and
you get alerted with that kind of stuff
so i’ll show you guys how to set up
alerts on this as well
and then we’ll backtest it a little bit
i’ll show you guys a few examples and
you know you guys can
drop a comment let me know what you guys
think
all right so let’s get back into it
let’s uh let me go ahead and stop the
replay mode
and let’s go back
to
a live market so here’s the live market
right now right
so there’s gonna be two indicators
you’re gonna be using this one the l
superior kaufman adaptive ma and an ift
combo i’ll show you guys exactly how to
set both of these up and the ch and the
settings to change on these
so when you first log into trading view
and this is one of the best buy sell
indicators on trading views so you guys
definitely need to check this out
let me just x out all of this stuff so
you guys see exactly what your chart is
going to look like when you log into
trading view so the first
indicator that you’re going to add
you’re going to go into indicators
type in l2
perry
and this is going to be the one the l2
perry kaufman adaptive m a right
so you’re going to add that
x out
go into the settings
and go into input
and change the period f from 13 to 11.
okay the next indicator that you’re
gonna add
is called you’re gonna type in
combo
sto
plus
rsi and this is the one that you’re
going to use the inverse
fischer transform combo sdo plus rsi
okay
once you do that
now what exactly are we looking at what
exactly is
the uh confirmations and and trade
signals and stuff like that right that
that are pretty decent to follow
so
the way this this is going to work is
you want to make sure you you get you
get like a buy or sell signal so for
instance this was the i guess this was
the last time that sell signal was
alerted
right because this this right now is the
current market while the market’s open
right now
so when you get a sell signal you want
to the first thing for confirmation is
you got to make sure that the candle if
you’re going short on a position it’s
red not green okay
and
you want the ift combo right here to be
oversold below the green line if it’s
going to be a cell if it’s going to be a
buy i’ll show you an example of that too
right
this one was a this one will be a lot
would would be a loss so we’re not going
to look at this one
but if you want you know if you’re going
for by position you want to get a buy
signal
you want the candle to be green and you
want it to be overbought so you want it
to be above the red line and then i’ll
i’ll show you guys where to put the stop
losses and stuff like that so you guys
get a better idea as well
so
so with this
you all of this stuff lines up and then
the way you’re going to do stop loss and
take profit on these or this is what i
like to do
is put the stop loss right at the line
right right at the intersection line
where you’re getting that buy sell
signal right
and then i like to go on this particular
scalping strategy
i like to go for a two to one profit so
if i’m risking 100 i want to make 200
right
and that’s that’s the you know and i’ll
show you guys some some data on like the
last few trades as well on this
and this this works great
again like i said with scalping forex
scalp and crypto scalping you know the
u.s stock market all of that stuff
um
so now let’s let’s look let’s look at
some trades i’m not going to make this
video too long because then i want to
show you guys how to set up the alerts
as well so let’s let’s take a look at
you know like maybe four or five
examples
and then i’ll show you guys how to set
up the alerts
so on something like this so let’s take
a look at this example so this would
have been a trade
dude
keep pressing the wrong button
and do a short position so say you got
in over here you’re gonna put your stop
loss right at the line
okay
and then let’s do two to one right
so
there you go
there you go this this one would have
been a win it would have it would have
hit right there right when the market
opened
this one
i can already tell this one will be a
loss but i’m still gonna show you guys
not every trade is a win and as a trader
you have to learn that not every trade
will be a win
you have to learn to take your losses so
yeah this one would have hit us hit a
stop loss
let’s go back
let’s look at the
all right so this will be the third
trade
sell signal
red candle which is great
and when you’re on that
it’s oversold great so this will be
this would be a trade
stop loss would be right here at the
line
we’re gonna do two to one
right
yep there we go it would have
the take profit
would have hit right there
all right
let’s look at another one
here’s the
next one
that was this will be a long position
you get a buy signal candle is green
it’s overbought
long position you get started right
there
stop loss will be at the line
we’re going to do two to one
so take for risk to reward will be two
there we go cool what a hit right there
that would have been a win
let’s look at one more
and oh see this is great this this will
also the last two will also show you
guys how trades become invalid okay so
let’s let’s go through this one first
so this will be a short position because
you get a sell signal it’s red and it is
oversold
so you get in
the
the line the cro intersection will be
your stop loss
we’re gonna do
say two to one
come on
all right i’ve gotten on this trade
right here
there you go
all right so this would have hit
take profit right there
before it started going back up
all right now this is how
this is how this stuff becomes these
trades become invalid
yeah you’re getting a buy signal and
it’s overbought but it’s a bearish
candle it’s not a green candle so you’re
not going to take this trade
same thing over here
you’ve got a sell signal
but it’s a bullish candle you’re not
going to take this trade so this makes
it invalid
so for instance with these things that
we went over
one two three
oops
whatever you guys saw what that was
all right
there we go
nope
it was right here
all right so one
two three
four five we went through five examples
one was a loss so 80 win rate of the
five you know out of the last five
trades so even if you’re risking a
hundred dollars to make 200
you know you make you make 800 you lose
a hundred dollars you’re still up 700
off of off of five trades
i think i think that’s great so again
you know you got to pick and choose your
your positions but at the same time you
have to follow these rules
and you know it’s i’m glad that we kind
of ran into
this man i keep moving this
all right anyway i’m going to delete
these anyway
so
you know i’m glad we ran ran into these
two examples because that shows you how
a trade is invalidated if not all three
uh
you know
triggers triggers work all three
confirmations right
so now let me show you guys how to set
up the alert so the alerts are going to
be set up over here in the l2 perry
kaufman adaptive m a
so you’re gonna go click on these three
dots right here where it says more
add alert
and right now and then you’re gonna set
up two alerts so the first alert is
going you’re gonna click only once or
once per bar depending if you want them
over and over and over again
okay
once per bar and then alert on long just
click create once you’re done with that
go back into
you know more
go into alerts and then you’re gonna do
alert on short and that’s how your
alerts are going to be set so whenever a
bar you know
closes that has that meets that gives
you a buy signal they’ll alert you and
this way you guys can see if the other
you know if it’s a bullish candle
bearish candle if it’s oversold or
overbought in the other
indicator and this way you can make your
decision if you want to take that trade
or not okay again now financial advice
just just for information purposes only
and if you guys like this video please
do hit that thumbs up and give it a like
drop me a comment below subscribe to
this channel if you guys want more of
these cool trading strategies
and also uh join my free telegram
channel i post about one free trade a
week on there and if you want to follow
all of my trades i’ve recently also
opened up a patreon
so uh definitely you know check out
check out the link and these are the
kind of trades that i’m placing in my
patreon that
people are enjoying
and it’s basically every single trade
that i make i’ll i’ll post on there on
the free telegram channel i post like
one a week but i trade of course a lot i
make more than one trade a week so if
you want to check out all my trades
check out my patreon and uh yeah i’ll
see you guys on the next one