a easy scalping strategy for forex with high win rate from data trader let us see how high
this win rate will be after a thousand trades and just a disclaimer i am not a
financial advisor and take everything that you see and made in this video as entertainment
and of course all the indicators that you see in this video work on all time frames that
work on all markets they then repaint data and withdrawal and they're a hundred percent for free
on your trading view chart there is a tab on top that says indicators just type in 3 ema and it
will be the 3 ema from the hungen guy and going over the settings i just changed the colors and
then the length will be 25 50 and 100 and how this is going to work there is the blue one the red one
and the white line the blue and the red has to be above the white line for a by to happen and below
for a cell as you can see the blue line is above the red one and the red one is above the white one
and another thing to note is as you can see the three moving averages are fanning out and this is
our first indication that we can prepare ourselves for a possible trade and what needs to happen is
the price has to cross below the blue line or the red line but it should not cross the white line
in fact it should bounce off of the white line or the red line and then cross back over the
blue line so this will be a pullback trade into a buying position and as you can see this happened
three times but just to give you a clear example what happens is the price has to close above the
blue moving average first before i can take a position and as you can see i'll take only a
position on the next candle because that's how you should be trading you have to wait for that candle
close or the signal candle has to close first so you can know that your position is secured if i'm
hopping over into data traders chart you can see he's pointing out that you should enter that bar
position at the end of the signal candle which is completely wrong you have to wait for that candle
close and then start training at a new candle why we do this because sometimes there's a one pip or
two pip or a few pips difference between between the end of the signal candle and the start of the
new candle and you might think that it's not a big deal but if you're gonna skip over two pips
each and every single trade over a thousand trades you are watching about two thousand pips so then
going over into the cell setups you can see we are in the downtrend and only at that second height
that we get but where the candle is pointing right now do we see that fan out position from the three
emas and at that point when that candle closes below that blue moving average we are gonna take
our trade on the start of a new candle then we're gonna risk one to one point five with spread and
that is how it will look like just another example over here we can see this fanning out of the ema
signaling us to take a cell and as you can see when it crossed over that blue line it just
touched the red line and then it came back down and closed and that is the point where i'll take
my entry another thing that data trader didn't mention is is where this place your stop loss
i'm gonna place it at this high or low and in this case it was the high if you did and i just missed
it in this video just comment down below and then the last thing that i want to mention is i do not
place add-on trades on any of my tests as you can see with this position here the price did come
back up and close below the ema again signaling us for another trade but at this point you can
see my trade hasn't closed yet i'm gonna wait for my position to close first before i take another
position and then the last thing to mention if the trade is activated the ems has crossed over
it is fanning out and that price action dips below for that pullback but it crosses all the way even
through the 100 ema at this point the whole trade is cancelled if it does come back up again i will
not take that position so let us head over into the buy setups exact same thing like the cell just
vice versa this time the blue in the red line has to be above the white line and it needs to start
fanning out as you can see where the blue arrow is pointing the price dipped below that blue and red
moving average and then it came back up above that blue moving average as you can see with that star
that i'm pointing out so at that point that is our signal candle that is telling us to take by trade
and then i will place my position on the start of the next candle i'm gonna place my stop loss at
the previous low and then risking 1 to 1.5 with spread and just another example for a buy over
here exact same thing happens the moving averages are above it is fanning out the price action has
closed below the blue moving average and it came back up closing above again now to place
my trade at the next candle and that's how it's going to look like risking 1 to 1.5 the spread
and i just want to give a special thank you to my team getting these results will be damn near
impossible and with that said getting those results is really hard work so if you want
to help me out just comment down below traders q and that's it and the results are in we came in
at a surprising 48 with a win rate of 1 to 1.5 49 on a win rate of 1 to point two and for one
to one risk to reward ratio we came in at fifty four percent the time frame we used was the five
minutes one thousand trades were taken two hundred trades on each of these pairs risking only one to
two percent leverage was one to one hundred spread was three the starting dates were of 2019 the
risk to reward and everything that you see on the screen is from the one to 1.5 the wins on the road
was 7 and the losses in a row were 4. the average win rate for the euro usd was 53 on euro jab 54 on
gold 44 on nasdaq 43 and on bitcoin 48. so as you can see we did a lot better on forex than we did
with metals cryptos and indices and of course no hate to data trader but unfortunately some of the
information in this video was a bit incorrect but nonetheless this is a surprising result to see
and i can already hear you ask didn't we test out a similar strategy just two videos ago coming in
at a much lower win rate and yes we kind of did so let's get into that real quick the video that
i'm talking about is from the secret mindset we also had a 3 ema pullback strategy now this was
with different settings and on a different time frame and one thing that i mentioned in that
video was was the very strict rules that followed but we can see that that strategy came in at a 34
even even more than 10 percent now in his video he followed the strict rule where the price action
had to touch the second moving average which was the red line and it was not allowed to cross over
had to cross over the blue moving average touch the red moving average and come back down as you
would recall in that video i kind of loosened up rules a little bit but it didn't necessarily have
to touch the red moving average but as long as it crossed the blue moving average now of course the
settings and the time frame was different as you can see on the screen we were on the one minute
chart and we had higher moving averages now did this make a difference in the win rate i don't
think so much maybe a little but the main thing was the strict rules that the secret mindset used
as you can see with this video the price was allowed to cross two moving averages as long
as it didn't cross the third moving average and just by implying this simple rule making your
rules a little bit more relaxed you're opening up yourself and having access to more traits
as you can see what i'm pointing out on the screen i believe these rules with exactly
had to touch the red moving average and come back down was too strict and you didn't get a
few trades what happens is if you're following too strict of a rule you're trying to get into perfect
moments into the market and i'm putting perfect in quote-unquote because there is no real perfect
moment now and then but it's mostly cherry-picking and in secret mindsets video i found that whatever
you showed you was mostly just cherry picking and that doesn't happen a lot in the market
so in my opinion the time frame and settings on the moving averages didn't make a big difference
maybe a little but it was mostly the rules that you followed and this is a great example if you
recall in a lot of my videos i would tell you the setup or the indicator that they used the
idea was there but it had a poor execution now this is in a great great great example because
with the secret mindset had a good idea but a poor execution now flip that over now we can
see we had a good idea with a good execution 1000 trades later and we have better results
and this is why i tell you guys 1000 trades is the minimal to see if a setup works or not why because
you get so much information going through one of those 1000 tests you can see how the price reacts
to indicators how it reacts and what it does and what the results are going to be your overwin rate
your overall losses all that all that information comes down to it and you can see a nice proper
form you can't see that with a hundred trade way too much tunnel vision and for the most part
you're just gonna see the good that indicator or a setup with a hundred trades but with one thousand
the light really shines over your whole setup and now in this video we can really see what is
the difference between a good idea with a bad execution and a good execution so i will say
this props to data trader i know i [ __ ] on most of these youtubers for having bad indicators and
setups and low win rates and false promises but in this circumstance there was one good thing to take
away from it so heading over into the scoreboard this is our new number three position indicator
it came in at 48 on a five minutes risking one to 1.5 and this was the 25 to 50 and 100 ema
pullback strategy 1000 test by data trader so going over into the information center let's go
into the pros at least this time we have above breakeven system number two this did do a great
job at filtering bad trades and ranging markets number three it is easy to understand but will
require some price action knowledge and discipline as you can see we were on a five minute chart and
going back to the year 2019 we can see we don't get a lot of trades though the cons however
trades will be few and far in between number two is you will lose out on some great trade
opportunities and number three is for a scalping system you are going to wait long periods of time
for those opportunities do you really want to do that because you're going to spend a lot of time
in front of your screen looking for trades so this is where it's going to tie in with your
discipline or you can have the discipline to not take trades when the market is trading when your
indicators are telling you you have to wait that is something that you will have to answer
and then the improvements are focus on getting into those longer trades the one to one point
five r r is a good standard but it can be improved if you if you open yourself up to higher profits
number two avoid the news market openings like the dow and dax and the high volatility areas with a
setup and is this gonna tie in with number three if you did avoid those high impact areas i believe
you would have reached that 50 mark as a lot of the trades got kicked out because of those news
and the opening of markets and such and we did a rough estimate a rough calculation and if you did
avoid those high impact areas the overall win rate would have been 51 so would have breached that 50
mark but we're not going to give the advantage to a system just so we can reach a 50 mark now
let's go over back into the chart as you can see where these two big arrows are pointing
these are areas that you would have gotten profit if you got into those trades or into those trends
and this is something that i will improve on if i want to use this system is have something that
will tell me to get into these kinds of trades because these are obvious clearing opportunities
where you could have gotten profit and this will obviously overall increase your win rate and
increase amount of profit that you can get and if you really think about it these are missed
opportunities and this is sometimes the issue when your rules are a little bit too strict is that
you can't miss out on such good trends but on the flip side what it does really good is it gets you
out of these ranging markets as i'm pointing out over there you wouldn't have gotten into those bad
trades or those bad trades or even the sideways movement over here and that is pretty good but
again you wouldn't have gotten that big trade and as you can see what i added a little bit to the
system was if the position or if your emas did fan out and it kind of pinched a little bit later on
i still took the trade if the conditions were met because a lot of these conditions as you can see
this happens a lot this is why i'm pointing it out you would have ended up in profit so i did help
the system out a little bit by doing these kinds of trades as you can see over here just another
example those moving averages were starting to come closer after it was fanned but the conditions
were made once it broke out but another problem is as you can see with this trade over here you
wouldn't have gotten into this whole trend and with the spy that came up over here again you
wouldn't have gotten into these big trends which was that a little bit of a downer with the system
but that is obviously something that you can focus on if you're planning on using this setup
you