Saturday, May 2, 2020

Halt for Holt for Scalping

I see the potential in holt. But one thing i dread its totally manual and scalping.
So the above is what you see is what you get perspective of the manual strategy. For this one the main TF is 5m as it is in the TF5. The longer holt TF display here is 15m and 1hr.
The MA is 14emas which I think is also important to display.
Enter Sell (for the above display) when the candle is red and cross the emas. Ensure that all holt are Orange, meaning its below 0.
When the price turn around (when the 5m TF turns yellow) make the tip of the previous dip as TP. Do not exit even if it is in profit.
CREATE THE TP ONLY WHEN THE 5M TURN OPPOSITE COLOR, NOT THAT BECAUSE IT JUSTTURN ROUND .
Now make another trade when/if the price dipped again and same goes with the candle being red and cross emas14. Of course the 3 holts time frame have to be orange. Forget the previous trade if its goes its way it will hit the TP which in this case it did.
As the example above the price turned up again turning the 5 m TF holt to green. Here you mark the tip of the dipped for the current trade.
As you can see the 3rd trade materialise and you do the same thing.
When to EXIT ??
When both 5m and 15m holt is Green.
Ok this happened earlier on the same day.
Same tactic but opposite of the previous example.
The 1st and 2nd trade were success when it hit its TP highest dipped. The 3rd one (the TP is at the tip of candle close not the spike) was forced closed along with trade 4 (perhaps with a small losses) when 15m turns orange. The 3rd one closed with a big win margin but not the max.
Now the problem have you got the time ?