1 Min. Scalping System | Bitcoin / USD | Tested x100 | Great for Mobile

I was asked by a viewer to create a system designed to trade on mobile devices. In this installment, I created a profitable scalping system using Williams Fractals and Exponential Moving Averages (EMA’s) based on the Fibonacci Sequence. Then I test it 100 times in a row on Bitcoin vs. the US Dollar (BTC/USD) using 1-minute candles.
Please use caution when trading the M1 charts as the fees can eat up your gains. Some exchanges either let you place free limit orders or actually give you a rebate on such orders.

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Link to my Testing Performance Spreadsheet: https://cutt.ly/KnWwBSf

Timestamps:
00:00 - Cold Open
00:20 - Indicators
01:01 - Long Examples
03:15 - Short Examples
04:33 - Test
05:13 - Testing Results & Equity Curve
05:49 - Optimization & Summary

System Specifics

Time Frame
1 Minute Candles

Indicators
21 EMA in Yellow
Link: https://www.tradingview.com/support/solutions/43000592270-exponential-moving-average/
55 EMA in Orange
Link: https://www.tradingview.com/support/solutions/43000592270-exponential-moving-average/
144 EMA in White
Link: https://www.tradingview.com/support/solutions/43000592270-exponential-moving-average/
Williams Fractals
Link: https://www.tradingview.com/support/solutions/43000591663-williams-fractal/

Long Entry
-Price closes above all the EMA’s
-Price pulls back into the EMA’s
-Enter when price closes above the 21 EMA with a fractal while the 21 is higher than the 55 and the 55 is higher than the 144 EMA’s.

Short Entry
-Price closes above all the EMA’s
-Price pulls back into the EMA’s
-Enter when price closes above the 21 EMA with a fractal while the 21 is higher than the 55 and the 55 is higher than the 144 EMA’s.

R:R
Test 1: 1.5:1
Test 2: 2:1

Where to place stop-loss
For Long’s: If fractal candle is above the

For Short:

Captions Available in: Arabic, Chinese, English, German, Hindi, Italian, Japanese, Korean, Norwegian, Portuguese, Punjabi, Russian, Spanish.

Metatags
#BeginnerTrading #TradingSystem #Scalping


Disclaimer
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.