Fresh 5-Minute Scalping Strategy Unveiled
Introduction
Cryptocurrency trading has gained significant popularity in recent years, with traders looking for effective strategies to maximize their profits. In this article, we will explore a simple 5-minute scalping strategy that has achieved an impressive 18.2% return in the past 30 days, with proper risk management of 1% and 2%. The best part is that you only need to trade once a day, making it a time-efficient approach. Let’s dive right in!
The Winning Strategy and Indicators
To implement this strategy, you will need to have the following indicators on your chart:
1. TTF SMC Toolkit: This is a free indicator that can be found under the “Indicators” tab. Simply search for “TTF SMC Toolkit” and add it to your chart. This indicator will be used to determine the New York open price.
2. Happy Route Indicator: This indicator is also available on the trading platform. It is a paid indicator, but for those using the free version of the trading interface, the default settings will suffice. However, for added convenience, you can also include a few additional indicators such as the 200-period moving average (red line) and the ICT New York Open Midnight Line.
Entry Rules for Long Positions
To enter a buy position, you need to meet the following criteria:
1. The price must be above the New York open price (yellow horizontal line from the TTF SMC Toolkit).
2. The price must be above the 200-period moving average.
3. The trade should be initiated during or after the London session.
4. Look for a smiling face indicator below the candle for a buy position.
Let’s analyze an example to illustrate these rules. In the first example, the price is above the New York open price, above the 200-period moving average, and during the London session. Therefore, we enter a long position. The stop loss is set at the end of the candle, and we aim for a 1:2 risk-to-reward ratio.
Entry Rules for Short Positions
To enter a sell position, you need to meet the following criteria:
1. The entire candle must be below the 200-period moving average.
2. The New York open price should be below the candle.
3. Look for a smiling face indicator above the candle for a sell position.
In the second example, the entire candle is below the 200-period moving average, and the New York open price is below the candle. Therefore, we enter a short position. The stop loss is set above the candle, and we aim for a 1:2 risk-to-reward ratio.
Trade Management and Results
It’s important to note that not every day will be a trading day. Some days may not meet the requirements outlined in the strategy. However, by sticking to the rules, you can achieve consistent results over time.
Over the past month, this strategy has yielded a win rate of 68.75% and a profit of 18.24%. On a $200,000 account, this translates to a total profit of $36,418. With a total of 16 trades, out of the 20 trading days in a month, only four days did not result in a trade. This demonstrates the effectiveness of the strategy in generating consistent profits.
It’s important to remember that trading involves both winning and losing trades. Some days will be winners, while others may result in losses. However, by following a systematic approach and adhering to the rules of the strategy, you can achieve long-term success.
Frequently Asked Questions (FAQs)
1. Can this strategy be applied to other cryptocurrencies?
Yes, this strategy can be applied to various cryptocurrencies. However, it’s important to conduct thorough research and analysis specific to each cryptocurrency before implementing the strategy.
2. How often should I check the charts?
With this strategy, you only need to check the charts once a day. This makes it a time-efficient approach, allowing you to focus on other aspects of your life or explore additional trading opportunities.
3. Can I use this strategy with a smaller account size?
Yes, this strategy can be applied to accounts of different sizes. However, it’s important to adjust your position size and risk management accordingly to ensure you are not risking more than you can afford to lose.
4. What is the maximum drawdown I can expect with this strategy?
The maximum drawdown with this strategy is 2%. This means that even in the event of consecutive losing trades, your maximum loss will be limited to 2% of your account balance.
5. Are there any additional resources to learn more about day trading?
Yes, if you are interested in learning more about day trading and gaining access to the Happy Route indicator, you can visit the trading platform’s education center. There, you will find comprehensive resources and a Discord community where you can interact with other traders using the same strategy.
Conclusion
The 5-minute scalping strategy outlined in this article offers a simple yet effective approach to cryptocurrency trading. By following the entry rules and practicing proper risk management, you can achieve consistent profits over time. Remember, trading involves both winning and losing trades, but by sticking to a systematic approach, you can increase your chances of success. So, if you’re ready to take your trading to the next level, give this strategy a try and start maximizing your profits today!
Is the smiley face not the exact same as 3LS indicator?
great … paid indicator …
What is the name of the Page where you See your statistics ?
Hi, Happy Trail TTF indicator is not appear in Trading view. Pls guide
Arty that is the clearest explanation (demonstration) of Happy Trail I have seen. Which instrument is this? Would it work on cable rn? Thanks! Will try it
is it work in crypto ?
Great stuff your uploading❤ I am following your old strategy if you remember in which we use 3SMMA RSI and fractals…. Should I Carry that or switch to new stargegy ? In old stargegy I am not that confident on trades because fractals confused me always …
used S&R breakout, 50EMA, and 200EMA as a strategy to pass The5ers prop challenge.
I used the ICT FVG and FX Market session indicator to pass The5ers prop challenge.
I use William fractals and ZIG ZAG to pass The5ers prop challenge.
If you trade London session, do you use the previous day's NewYork open price? The way I see it, thats the only way it makes sense since London opens before New York. Could you please clarify for me?
When I type in the Happy Trail TTF it doesnt pop up, HELP?
Hey Arty. Hope evrything is well
NY Open price , you're refering to the midnight open price correct?
I just sing in the trading floor 😀
Thanks, Arty! This is great! Just curious, why don't you use a trailing stop loss? I backtested it from 03/01/24 to 04/19/24 during the NY session only, which is what I trade, taking the first trade only AFTER 10:30 EST so that the market is less erratic, and with a trailing stop loss I had a 37% gain. Without the trailing stop loss I had a 19% gain. Win rate of 57.7%. Thanks a ton!
I cannot find the happy trail indicator
Ur instgram I'd name
What chart was this on? Id like to backtest to check i have it right
Where i can see your trades in live?
Hey Arty, what HT case are you using in this example? Just for reference.
Hi. Where is the direct link to the happy trail indicator?..
What pair were you trading Arty?
Also, are you using leverage? If so how much?
And what broker were you on that allowed you to use custom indicators?
I love your Videos Arty. This one just saved/convinced me that I'm not a Day Trader, nor do I have the time. My head hurts! However, I love the FOREX market and know I'm better suited for Swing Trading. 1-2 trades monthly, yea that's me! I'll search all your Videos, especially those on swing trading, for tips. Give me Support/Resistance levels, the ones that are on the Weekly charts 😉
now april passed, do you have stats for april as well, cheers
hey Arty can we use this on the 1 min gold graphs.
Does anyone know if it is possible to develop a bot to trade this on MT5
Thanks sir
Do I need to be a member of the Trading Floor to get the Happy Trade indicator or can it be purchased as a stand-alone?
Is this scalping strategy applicable in crypto market ?
TMA you have videos on MT5 my guy?
is the indicator Happy Trail gone?
Wait, because your trading London session, it’s the high from the previous day in new York ??
seem that the happy trail indicator is no longer on Trading view, i couldnt see it