Hi, It has been a while since I've posted my original scalping system idea and I know that many of you are still using it for trading on the 1M timeframe.
I'm also aware of the fact that some of the used indicators have their drawbacks and bugs.
Recently I've developed a new scalping system which is based on my original idea, but is far more powerful than it's predecessor. The main highlights of the system are:
- Uses NON repainting indicators (a modified version of my ScalperSignal indicator for signals, dynamic SL/TP calculation and unconditional stops plus a tweaked version of the Volatility Pivot indicator for market condition, direction plus signal filtration).
- The system is designed to work on the 1M charts during all market conditions.
- The system utilizes the "...cut your losses short and let your profits run." idea.
- My idea also incorporates the Labouchere money management system to give us a nice EDGE.
- The system is also 100% mechanical.
I'm currently looking for active testers on different broker platforms (1 tester per broker) for a period of one month (starting February) on demo accounts. Testers will be provided with indicators and system rules. In return I require them to post their daily statements along with comments on my web site's forum. You will be required to trade every day during the European session (between 7:00 - 17:00 hours GMT) and file your reports at the end of the day.
Please PM me if your interested.