I review and test a scalping system that I created called “Scalp the Hidden V”. This system uses 3 indicators plus hidden divergence for entries on the 5 minute time frame on both Bitcoin and Ethereum charts. This system was proven profitable over 100 trades, but there is room for improvement as I explain in the video.
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Trader’s Landing is a trading system review and education channel. By testing indicator-based trading strategies we are able to learn and understand a system’s performance by using a repeatable and clearly defined trading criteria that has a predictable performance through a series of many setups. These trading systems can be ported over to many instruments such as Forex (FX), Cryptocurrency (Crypto), Options, Stocks, or anything that has a chart and a significant amount of volume and market participants.
WARNING: Be sure to do exhaustive backtesting and forward testing before you actually start trading real funds. For your convenience below is a link to the official Trader’s Landing backtesting spreadsheet and tutorial video.
See a trading system you would like tested on this channel? Be sure to let me know, including links where you found it, and any other pertinent information. In many ways you are the eyes and ears of this channel.
Timestamps:
00:00 – Start
00:16 – Indicators
02:00 – Long Examples
02:43 – Short Example
03:31 – Test
03:58 – Testing Results & Equity Curve
05:05 – Optimization
System Specifics
Instrument: Bitcoin/US Dollar (BTC/USD) & Ethereum/US Dollar (ETH/USD)
Time Frame: M5
🏆 Trader’s Landing Score: 6
Indicators
Relative Strength Index (RSI)
Settings: Colored in yellow
By: Built-in
Link: https://www.tradingview.com/support/solutions/43000502338-relative-strength-index-rsi/
Volume Weighted Average Price (VWAP)
Settings: Just VWAP line enabled.
By: Built-in
Link: https://www.tradingview.com/support/solutions/43000502018-volume-weighted-average-price-vwap/
Multi Timeframe Exponential Moving Average
Settings: Length: 200, Resolution: 1 Hour, Color: White
By: Jurij
Link: https://www.tradingview.com/script/rrwG7rRt-Multi-Time-Frame-Exponential-Moving-Average/
Long Entry
Price above the MTF EMA.
Price closes above the VWAP, then goes closes below VWAP.
The pullback into the VWAP creates RSI bullish hidden divergence.
Enter on the next close above the VWAP.
Short Entry
Price below the MTF EMA.
Price closes above the VWAP, and then closes below the VWAP.
The pullback into the VWAP creates RSI bearish hidden divergence.
Enter on the next close below the VWAP.
R:R
1:1, Variable
Exit half position after 1:1 is hit, move the other half to BE.
Exit the trade when price touches the VWAP again.
Where to place stop-loss
For Long’s:
Below the last swing low.
For Short:
Below the last swing high.
Indicators tested on this channel so far:
ATR Bands, Donchian Channels (DC), Double Exponential Moving Average (DEMA), Dynamic Structure Indicator, Exponential Moving Average (EMA), Heikin-Ashi Candles, Ichimoku Cloud, Money Flow Index (MFI), Interstellar Buy/Sell, Interstellar Trend, Multi Timeframe EMA, QQE (Qualitative Quantitative Estimation) Mod, Relative Strength Index (RSI), SSL Channel, SSL Hybrid, Stochastic (STOCH), Stochastic RSI, SuperTrend STRATEGY, Time Segmented Volume (TSV), VuManChu Swing Free, Waddah Attar Explosion V2, Weighted Average Price (VWAP), Williams %R
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