Simple “Make Pips” Strategy

Hello there,

I've been buying and selling this easy technique which I discover very efficient.
I commerce it primarily on 1 hour charts. Its efficient on increased time frames however after all the chance will increase as you go increased. Might do some increased timeframe examples right here.

SCALPING GRAB & GO RISK:REWARD for the 1 hour is 2:1 OR 1:1 OR 1:1.5.

SHORT when there are TWO CONSECUTIVE BEARISH BARS and the SECOND closes WITH a LOWER CLOSE PRICE
LONG when there are TWO CONSECUTIVE BULLISH BARS and the SECOND closes WITH a HIGHER CLOSE PRICE

The WIN PROBABILITY is HIGHER when the CLOSE PRICES are NOT FAR APART.

Notes:

1. It's best to attend for a bit of pullback if shut costs usually are not very shut.
2. Attempt to enter as shut as doable to the shut worth of the primary bar.
3. If holding for greater than 5 pips, that is greatest finished when H4 or day by day present SAME DIRECTION OR if the setup is the primary following a REVERSAL.

Please additionally learn THE FOLLOWING POST​

TYPICAL CALCULATION OF RISK:REWARD
Cease = Onerous cease decided by dealer OR 5 pips from the excessive or low of the primary bar.
Reward = Mounted take revenue decided by dealer OR (for brief) -> 2 X Distance between first bar's shut and excessive, (for lengthy) 2 X Distance between first bar's shut and low.

EXAMPLE: