NO REPAINT [BullTrading] 1m Easy Scalping Sys v7.0
Here you have some links explaining the strategy:
www.youtube.com/watch?v=3GZa29gI...
www.youtube.com/watch?v=gZhnmqo_...
Hello Traders… As you already know the 1m Easy Scalping Sys v3.0 was coded back in 2016 using pinescript V2 and although many traders were getting astonishing results by perfecting their own strategies using this indicator, some traders were disappointed because 1m Easy Scalping Sys v3.0 “repainted” candlestick colors. For that reason I changed indicator’s logic to avoid completely the repaint issues on version 5.0 but traders that were already using the mentioned YouTube strategy complained because bar color signals were useless for YouTube Strategy. After reading such disappointing messages I amended the 1m Easy Scalping Sys v5.0 in order to allow limited repaint but then the indicator was banned because it was supposed to be “non repainting indicator”.
With that said, after some months of trial and error I coded a new version: the 1m Easy Scalping Sys v7.0 with NON REPAINTING MOMENTUM capabilities built around the popular YouTube strategy. In addition, I added the “Approaching Alert” and a “Target Level” with the objective to avoid the weak spots for this strategy (tight consolidations).
NOTE: In contrast with previous versions, 1m Easy Scalping Sys v7.0 is a very specialized indicator to trade only 1 minute scalps.
Remember that in CONSOLIDATION markets, ANY momentum indicator will make you sell when you should be buying and the candlesticks colors from this indicator represent MOMENTUM.
Shapes & Alerts:
Step 1, First Alert: Circles are is your first alert. That means that Indicator’s trend average has changed color.
Step 2, Second Alert: Wait for a new DI cross: Bullish "+" for longs, Bearish "-" for shorts.
Step 3, Third Alert: Execute your system with green or red bars.
NOTE: It's OK if STEP 1 & STEP 2 or even the 3 to happen simultaneously at the same bar, but if that's not the scenario, follow the 1,2,3 STEP order, wait a new "+" for longs or a new "-" for shorts. AFTER the trend is defined by the moving average.
Some traders requested me to share them the source code from previous versions, then some people rebranded the indicator and started to sell the indicator for commercial purposes. For that reason I kindly ask your understanding: Everyone is welcome to use this script lifetime for a small fee, just send me a private message.
Personal Tips on the strategy:
·Avoid consolidations as the plague.
·Buy Low and Sell High.
·It’s paramount to execute the order near the candlestick where the Moving Average changes color and not when the trend is about to reverse.
www.youtube.com/watch?v=3GZa29gI...
www.youtube.com/watch?v=gZhnmqo_...
Hello Traders… As you already know the 1m Easy Scalping Sys v3.0 was coded back in 2016 using pinescript V2 and although many traders were getting astonishing results by perfecting their own strategies using this indicator, some traders were disappointed because 1m Easy Scalping Sys v3.0 “repainted” candlestick colors. For that reason I changed indicator’s logic to avoid completely the repaint issues on version 5.0 but traders that were already using the mentioned YouTube strategy complained because bar color signals were useless for YouTube Strategy. After reading such disappointing messages I amended the 1m Easy Scalping Sys v5.0 in order to allow limited repaint but then the indicator was banned because it was supposed to be “non repainting indicator”.
With that said, after some months of trial and error I coded a new version: the 1m Easy Scalping Sys v7.0 with NON REPAINTING MOMENTUM capabilities built around the popular YouTube strategy. In addition, I added the “Approaching Alert” and a “Target Level” with the objective to avoid the weak spots for this strategy (tight consolidations).
NOTE: In contrast with previous versions, 1m Easy Scalping Sys v7.0 is a very specialized indicator to trade only 1 minute scalps.
Remember that in CONSOLIDATION markets, ANY momentum indicator will make you sell when you should be buying and the candlesticks colors from this indicator represent MOMENTUM.
Shapes & Alerts:
Step 1, First Alert: Circles are is your first alert. That means that Indicator’s trend average has changed color.
Step 2, Second Alert: Wait for a new DI cross: Bullish "+" for longs, Bearish "-" for shorts.
Step 3, Third Alert: Execute your system with green or red bars.
NOTE: It's OK if STEP 1 & STEP 2 or even the 3 to happen simultaneously at the same bar, but if that's not the scenario, follow the 1,2,3 STEP order, wait a new "+" for longs or a new "-" for shorts. AFTER the trend is defined by the moving average.
Some traders requested me to share them the source code from previous versions, then some people rebranded the indicator and started to sell the indicator for commercial purposes. For that reason I kindly ask your understanding: Everyone is welcome to use this script lifetime for a small fee, just send me a private message.
Personal Tips on the strategy:
·Avoid consolidations as the plague.
·Buy Low and Sell High.
·It’s paramount to execute the order near the candlestick where the Moving Average changes color and not when the trend is about to reverse.
Release Notes:
Hello traders, based on your feedback your indicator received a huge overhaul:
Momentum Color Candlesticks: Some traders requested less sensibility on candlesticks without compromising accuracy, so I will kindly request your feedback again in order to reverse this mayor code amendment or to keep this formula. You decide, after all this is your indicator and I happy to keep coding and improving this indicator for you.
High Time Frame High / Low and Target: This feature was replaced by 1 minute support and resistance because some traders didn’t use the HTF and some of you increased your win rates by increasing your SL's and reducing the Risk Reward Ratio to 1:1. This sounds pretty obvious, but ultimately with this amendment you will be able to choose which Stop Loss Method you want to use (Default setting is Support/Resistance).
I will be waiting your feedback again in order to reverse or improve your indicator’s logic, If you are able to log your trade samples again please send them to me via email: info@bulltradingproject.com
Momentum Color Candlesticks: Some traders requested less sensibility on candlesticks without compromising accuracy, so I will kindly request your feedback again in order to reverse this mayor code amendment or to keep this formula. You decide, after all this is your indicator and I happy to keep coding and improving this indicator for you.
High Time Frame High / Low and Target: This feature was replaced by 1 minute support and resistance because some traders didn’t use the HTF and some of you increased your win rates by increasing your SL's and reducing the Risk Reward Ratio to 1:1. This sounds pretty obvious, but ultimately with this amendment you will be able to choose which Stop Loss Method you want to use (Default setting is Support/Resistance).
I will be waiting your feedback again in order to reverse or improve your indicator’s logic, If you are able to log your trade samples again please send them to me via email: info@bulltradingproject.com
Release Notes:
This update fix the responsive momentum bar color function in order to be more reactive and in consequence with more similarities with repainting V3.
Shapes & Alerts:
Step 1, First Alert: Circles are ⭕️ is your first alert. That means that Indicator’s trend average has changed color.
Step 2, Second Alert: Wait for a new DI cross: Bullish "+" for longs, Bearish "-" for shorts.
Step 3, Third Alert: Execute your system with green or red bars.
Shapes & Alerts:
Step 1, First Alert: Circles are ⭕️ is your first alert. That means that Indicator’s trend average has changed color.
Step 2, Second Alert: Wait for a new DI cross: Bullish "+" for longs, Bearish "-" for shorts.
Step 3, Third Alert: Execute your system with green or red bars.
Release Notes:
Alert Bug and minor bugs fixed.
Release Notes:
DI alerts merged with ADX momentum Alert.
ATR Stop defval now is 0.85
ATR Stop defval now is 0.85
Release Notes:
Momentum Candlestick Color Formula Adjusted
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