So I have been trading this way a lot recently on 5 min. Chart with 5 min. expiry! Prob is the number of trade opportunity, I have 24 pairs open but few opportunity! Sooooooo! I decided today to switch it to 1 min TF and 5 min expiry! But considering I have a limited screentime per day, I need u guys to test, maybe the Expiry will change, we will see!
This being said, the strat is based on Pullback!
U need to add to your chart:
RSI Period 2 with line @ 70-50-30
ADX period 2 (We just need here the DI)
The RSI has to show a fluid up and down move from 70 to 30, no up and down break in the process! And all the candle include in that process has to be ABOVE the EMA 21!
When the candle finish below the 30, we wait for our confirmation candle to enter! What we are expecting from this candle is that this one bring an ADX cross AND to finish between 50 and 70 on our sexy RSI!
When all conditions met, lets do a Sexy Call 5 mins!
Opposite for Put!
Here are some Print Screen to understand!
Again! Test Test Test! And share results PLZ