Sunil Gurjar, CFTe - The Best Scalping Strategy 0:00 - Step 1: Mark the Daily Highs and L...
Loses money
No edge after realistic trading costs
- trades tested
- 2,748
- per trade after costs
- -11.8bp
- winners
- 33%
- years of data
- 4.8
Mark the high and low of the first 4-hour candle of the New York day; on the 5-minute chart wait for a candle to CLOSE outside that range, then for a candle to close back inside, and fade the breakout (short after a failed break of the high, long after a failed break of the low). Stop at the extreme of the breakout move, target 2x the risk, multiple trades allowed per day while the setup repeats.
The exact rules we tested
- 01Instrument: BTCUSDT | Signal timeframe: 5m | Direction: both
- 02Session: 04:00-23:59 (America/New_York), positions may hold overnight
- 03LONG sequence: 1. [close < rng.low] just became true this bar THEN 2. (close crosses above rng.low) AND (close < rng.high) (within 240 bars)
- 04SHORT sequence: 1. [close > rng.high] just became true this bar THEN 2. (close crosses below rng.high) AND (close > rng.low) (within 240 bars)
- 05Entry: market at next bar open
- 06Stop: at the brk_lo (longs) / brk_hi (shorts) level
- 07Target: 2.0R (risk-multiple of stop)