NQ 1 min scalping - 7 for 7 winners
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- Опубликовано: 21 фев 2022
- Use simple proven price action and market structure guidelines to scalp the markets with a very high success rate. See the patterns in what others think is noise and use that knowledge to gain financial independence and freedom for yourself.
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Update: Backtested January and February, excluding holidays. Trade session was made between 0630-0900 PST with a maximum of 2 losses per day. 1 ES contract per trade, set target profit is 2 points and stoploss is 1 tick above/below the signal bar. I didn't factor in the commissions since it varies by broker. The setups were also tweaked a little bit.
It's easy to look for the setups in hindsight, therefore take this stats with a grain of salt and results will be different on live sessions.
January 3-31
Total trades: 105
Total days: 20
Avg trade per day: 5.25
Profit factor: 3.41
W/R: 82%
Winners: 86
Losers: 19
Avg win: $100
Avg loss: -$132.89
Gross profit: $8600
Gross loss: -$2525
Net Profit: $6075
February 3-25 (somehow my chart doesnt show Feb. 1st and 2nd)
Total trades: 96
Total days: 16
Avg trade per day: 6
Profit factor: 6.36
W/R: 88%
Winners: 85
Losers: 11
Avg win: $100
Avg loss: -$121.59
Gross profit: $8500
Gross loss: -$1337.5
Net Profit: $7162.5
January & February
Total trades: 201
Total days: 36
Avg trade per day: 5.6
Profit factor: 4.43
W/R: 85%
Winners: 171
Losers: 30
Avg win: $100
Avg loss: -$128.75
Gross profit: $17100
Gross loss: -$3862.5
Net Profit: $13237.5
Amazing statistics. I like your idea of stopping after two losses. That way, if you are in a choppy low range market, you don't continue to take the paper cuts all day long.
Sounds like you found a way to trade successfully with a smaller stop. Do you have a feel for the average stop loss you used? The cool thing about using ES instead of NQ, is the commission per contract is the same for both, but ES is $50 a point, NQ $20 so more bang for the commission buck.
@@richardgayton1337 I haven't trade it yet on sim, so I'm not sure how the results will be. As I mentioned, I marked all the setups from the backtest. But obviously wouldnt do that on live knowing I will be very selected with the entries, specially if the signal bar has big risk, then I wouldn't take it.
I am obsessed with Hoagies (great name). March 10, 2022 ES traded Hoagies all day. 10 EMA, 1 minute, 3 pt Stop. 5 pt Target for ATR 5, 4 T for ATR 4, and 3 T for ATR 3. I took every Hoagie trade even trying 3 times on a few Hoagies looking for breaks over one point. Not profitable. Also no profit in taking breaks against the 10 EMA angle. If its slanting down, only take shorts and vis versa. Taking only trend conforming breaks and only 1 attempt, I got 10 Winners 1 loser. 33 total winning points minus 3pts losing=30 pts x $50. In psychology we call this a one subject experiment with limited applicability, but a nice working hypothesis to test.
Great consistency. You need one trade in your arsenal that is your go to trade. Seems like the hoagie fits your temperament.
Just went back and back tested this for like 5 hours
I’m actually blown away at how well this played out
I am Flabbergasted of this hidden Gem. I truly think that you have brought something to the table that many people will be able to eat of, me including.
So simple....yet so effective. Excellent content please keep it up?
Incredible video and approach to the markets. I will be studying this very video thoroughly and taking notes. Just quick glancing at NQ charts and all of these setups are viable. Thank you for your time and explanation.
This strategy and video is amazing . I’m just discovering your content now and I wish you’d make more videos on this . Thanks for sharing the hoagie videos too , I’ve followed you on twitter many thanks .🙏🏽🙏🏽
i like the scalping ideas, thank you for sharing
Wow, thanks so much for sharing QTE !!
It’s sad that your not creating videos but I’m sure you have your reasons… I would like to tell you that you have completely changed my trading style with the simple strategies you posted. Not sure you heard this enough but you are truly amazing and i thank you from the bottom of my heart for the profitability and confidence your ideas have provided me.
So glad that you found value in it. I'll be back one day - trading is my passion.
@@quanttradeedge2514 that would be great. Hopefully you’ll be back soon.
Hi Zeff, I tried this trategy in ES with 16 range bars, work very well, making 10+ points everyday !, thanks for your indicator, this works in tranding market.
Excellent content thanks very much
Excellent video!!!
Very Nice! Im in ! Thanks a lot !
just coming back to brush up on my skills… thanks again for this amazing content, hope all is well!🙏🏽 your content has allowed me to become a funded trader and receive multiple payouts
That's amazing, what specific pattern(s) do you focus on / how did you adapt it to your comfort levels?
Trying this out, looks super interesting and had a few working trades on a simulator. But also had some failiors so gotta tweak and learn more to fully get it. But appreciate you sharing this!
This is a great strategy
Backtested this on Sim … using 5 min chart for bias and it’s a really powerful strategy. This one combined with the 2b setups and the days are green. Thank you! 🙏🏻
what broker and platform are you using sir
What does 2b mean? Thanks.
Wow...I've stared at the charts for so long but you have just put the X-ray on the skeleton with these 2 concepts and if I just put the stop on the previous pivot I can see the gains with very few losers..which I'm glad to pay no problems. Thank you
More scalping videos. This is great
This actually does work. Nice
Thank you ! This video was awesome, I really like your style. Thanks for sharing this and for explaining things to clearly ! Please show any "mean reversion" trades if you have any you would like to share ?
Great simple approach!
Glad it was helpful!
This is great, thank you.
I have to give this a try! Thank you. I think this could pair well with an ADX indicator to get some extra points - we'll see.
I backtested this and im doing live as well . FEBRUARY AND MARCH ONLY FIRST 2 HOURS OF NY
Results February 2023 : Win rate ( TP/SL) - 84%
Total trades : 68
TP - 50
SL - 9
BE - 9
Win rate ( TP/SL) - 84%
Each trade I enter with 1% , so was around 11% profit.
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Results March 2023 is almost the same results
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Results April 2023 , this week ( 22 - 25 April ) I tested for ALL DAY since london till new york close , I was trying to see if there was any difference on results about doing on the NY kill zone or not
Total trades : 68
TP - 49
SL - 10
BE - 8
Win rate ( TP/SL) - 83%
What are you trading bro NQ or ES? and what time frame? How much are you willing to lose per trade and what is the TP? I am backtesting this for one whole year so any input is appreciated.
@@GurpreetSingh-hi4zl Im trading NQ, on 1 min . Each trade i go for 0.5% risk and my risk:reward is an average of 1:0,5
Subscribed!
Nice set up. I back tested ES 1 minute yesterday with ATR around 4. So went for 4 T 8 Stop. 10EMA. Very successful but ES is squirrely with sudden 8 pt changes of price which wrecks trend so sometimes difficult to anticipate. I will paper trade it tomorrow. Thanks for teaching us about these setups. Please keep it coming.
ES typically has a lower ATR than NQ. Recently it has had nice big ranges. The key is just to test this over a long enough period of time. And if these statistics work out well over 67% - Then you just have to mechanically take each one and know that you'll come out ahead over time.
Really enjoying your content sir!
Hope today went well for you.
I would love to learn more about your Hoagie/Hogy/Hogie technique :D
Here's the original video on the hoagie. ruclips.net/video/wNYuQvoAs2I/видео.html
on youtube NFC there is a discussion about scalping, and indeed the advantages of this trading style are very profitable. I am a scalping user.
Hi QTE, I'm practicing this scalping strat and love it! Do you look at trends and ranges to determine skipping entries? This morning (9/5/2023) the MNQ was in a range for a while after open. A signal candle occurred at 0923cst but I skipped it since it was just at the top trendline I drew. Of course it would have made 10pts since I didn't take it ;) Appreciate any advice!
heyy! what confirmation do you wait for when entering? do you wait for price to move away from the 10 ema then you look for setups? or candle wicks have to touch the ema? Appriciate it✊
I've been trading this on the nq futures with excellent results . I am so humbled and grateful for the gentleman that you are. I pray for your blessings because you have been a blessing to me. I'm subscribing and will watch closely all of your videos. Thank you so much for sharing openly your wisdom. I've been trading part time for years and full time for the past six months and this is video has more wisdom than some courses I've taken. If you need an office assistant, scribe, trainee for apprinticeship I humbly ask for your consideration. I've been scalping on the nq for many months for ticks and can see the patience discipline and intelligence of your setups that are very profitable. Do you have a process of progressively adding to the winners? I am trading mechanically and am very much interested in your teaching. Thank you again.
I’m going to try this out! Do you have a script on anything for it? If not I’ll just draw it manually
Thank you for your kind words. I'm happy for you! What platform do you use to automate the system?
Kinda share whether u are trading hogie setup or 3 bar setup or both ?
Also which timeframe are u using ?
@michaelgmyhan6277 are you still trading this method?
I really like this -- just stumbled across your channel recently & have been looking at these patterns now for a couple of days. They do form frequently & are really high probability. Do you have any other videos w/ subject matter about these setups or live recorded trades? Thanks-
Just what's out on YT. I believe I did an update video at some point with another day's examples.
I back tested this with ES 2000t from February 3rd to 25th using a manual backtester. I tweaked it a little bit and filtered some trades. Target profit is 2 points ($100) with 1 contract.
Trades were made between 0630 and 0900 PST. No more trades after 2 losses in a row or per trading day.
Results:
Total trades: 96
Total days: 16
Avg trade per day: 6
Profit factor: 6.36
W/R: 88%
Winners: 85
Losers: 11
Avg win: $100
Avg loss: -$121.59
Gross profit: $8500
Gross loss: -$1337.5
Net Profit: $7162.5
Pretty amazing stats. I wonder if February was just an amazing time and if we spread it out further across time it would be lower (Which can still be amazing). Why did you go with only 2pts for a profit target and what was your stop? Thanks for testing that out.
@@quanttradeedge2514 I'll try to back test January and see if the results will be similar. Spent a lot of time which target is profitable, $150, $200, $250, $300 and $100 is the most profitable target and has the highest win rate. But I almost took every single set up.
$200 came second with about 70%wr, but around $1500 less in net profit. Although, entries were only made with good signal bar. Results might be different with less filters.
Stop loss depend on the signal bar size (between 2-4 points SL) and limit order entries after quarter(25%) retracement off the signal bar.
Overall, it's a nice setup. ES on 2000 ticks chart is easy to read. Thanks for sharing.
So that would be my next step - and you already went there. Finding objective ways to classify the signal bar. What filter did you use on the signal bar?
@@quanttradeedge2514 signal bar has to be bearish/bullish bar and body has to be at least 75% of its size.
Thanks! That's a good filter.
Nice video. Thank you.
LOL... you must be from the Philly area. I used to be, years ago. Haven't heard anyone refer to a hoagie in a long time.
A friend came up with that name. Been to Philly twice, only once on purpose.
Hi QTE, thank you for taking the time to create this video, however there are a few things that are still unclear to me. I will use your short scalp setup as an example (timestamp 0:09).
Firstly, I assume that the "setup bar" is the first candle (green) in your short scalp structure, is this correct?
If this is true, I will label the setup bar as "C1", the red candle as "C2" and the blue candle as "C3".
I identify a "C1" on my chart and look to confirm a higher high and higher low on a consecutive "C2".
"C2" has a higher high and higher low with respect to "C1", so I analyze a consecutive "C3".
*Question 1:*
Do I analyze "C3" with respect to "C2" or "C1"?
In your first example, if I analyze "C3" with respect to "C1", "C3" would necessarily need to be a red (down) candle in order to satisfy the Close(C3) < Open(C1) criteria. However, I realize that "C3" need not always be a red (down candle) with respect to "C1", as it is possible for a green (up candle) "C3" to have a closing price below "C1"'s opening price, it would just be positioned lower on the chart, below "C1"s opening price.
Again, in your first example, If I analyze "C3" with respect to "C2" (instead of "C1"), "C3" could be either a red (down candle) or green (up candle), so long as its closing price is below the opening price of "C2" in order to satisfy the Close(C3) < Open(C2) criteria. Do I understand this correctly?
I suspect the reason why you used the color blue for your "C3" candle was to illustrate the flexibility of the type of candle (green or red) that "C3" could be, but in your first example, "C3" would _necessarily_ have to be a red candle _if I were to analyze it with respect to "C1"_ and this is where I need the clarification.
*Question 2:*
Once the criteria is met for a long or short, I assume the ideal entry point to be the opening price of the _fourth_ consecutive candle, is this correct?
*Question 3:*
When you switch to the 1 minute chart (time stamp 1:34), you display several arrow signals that indicate long entries above the 10 EMA. Which candlestick do these arrow signals point to? Do they point to any of the long scalp structure candles ("C1", "C2", "C3")? Or do they point to the _recommended_ entry point candle ("C4")?
Thank you.
The setup bar is C2 as you've described it.
Use a buystop above the setup candle (for long scalp) to enter.
The arrows point to the setup bar.
or both will will great?
How do you decide how much to let it run? When to take profit? Trail a stop? That is a key part to making this strategy work.
You set a fixed target based on ATR. You trail stops behind the previous bar. If you are letting some thing run, it is because you have a higher timeframe view and were using this scalp method as the entry for it.
Big volumes follow through which usually is associated with breaking a good level, you may increase your profit target to the next level you see on the 15+ minutes chart.
hey i just came across your videos nice stuff! question for you, when looking at the third candle(the break of middle) do you want the boddy to close above the middle candle or does it matter?
thank you in advanced.
The only requirements for a long scalp bar:
H10ema (9 or 10, materially the same).
@@quanttradeedge2514 cool thank you for the help i actually have been using it on NQ and managed to get back to back 1k wins with little to no risk!
is this indicator available on tradingview ?
I have a small request, can you please make a video on scalping gold? I'm having hard time
Being able to do this manually is the problem, its very hard to get into these trades manually. I tried this today (4/12/24) from open to 11am, got 3 winners, all were 6 pointers cause ATR was near or at 12 at the time of the trades. I set up OCO orders for 2pt profit target all the way to 12 pt profit target and simply swapped to the relevant one with each attempt.
I have a question as to when is the trade considered invalidated; say we get a short setup below EMA, we enter 1 tick below the low of the signal bar, but price does not move through it and instead reverses, going past the high of that candle. is that considered a failed signal bar and we discontinue the order? thanks for your time
Also, i understand the stop..but saying each of these moves had 30+ points in them is confusing because isnt the profit target much lower? so you would move the stop up each minute, but does that mean youre also moving the profit target instead of waiting for it to get to 1/2 ATR?
Is there a possibility that your „arrow“ indicator is available for NT8?
Thanks for your strategy I’ve got a feeling this will make me profitable eventually!! quick question if you’ve seen a setup and your waiting for it to break the high so you can enter, if it doesn’t trigger on the next candle but it does on the follow candle would you still take the trade or do you cancel the order If it doesn’t trigger on the next candle
If it's an inside candle, then you can take it on the next candle. Look over a lot of charts and gather statistics for yourself as to winning percentages when there's an inside bar versus not. The key to any strategy is doing the work to build the confidence in it so that you can stick through it during the lean times.
Okay thanks for that advice, your right ive got much more back testing to do! Do you by any chance have the code you use to get the signals on your chart? I tried to code my own on chat gpt but it was a disaster 😅
For the hoagie, is there is a max bars before it's invalid? Or as long the bars are inside bars, it's valid?
As long as its inside. I haven't done the research on extreme numbers and whether they are more likely to have a false break out or not. Check out the daily euro chart a month or so ago - there was a very long hoagie on the daily chart.
Just found this channel - is this still a good strat for scalping in your opinion? This looks eerily similar to something my friend does during his trading hours when he wants to scalp real quick in the mornings due to being busy. Love the videos and channel btw, earned a sub here!
Not going to lie, I posted this morning (10/16), and legitimately watched 5 entries unfold on NQ this morning between 8:30AM and 10:30AM (EST). Shorts and longs, 5 for 5 if you were using a .5 ATR Stop Loss / Take Profit on each of the "setup" candles I'll call them. .5 ATR was sitting between 6.5-7 pts on all trades. Each trade took under 5 minutes, some taking 30 seconds.
Looks like it's time to throw some cash into my account again and start trading MNQ
Glad you like it. I've been busy with other things and not trading this strategy, but I see no reason that it would stop working. It is rooted in price action principals.
any tradingview indicator?
Have anyone done some backtest in NQ for this? On the tp and sl target as well 🤤
Just found this channel and love it. It was a suggestion from Trader Rob. Any chance you have indicators for NT8?
I don't use NT8 😕
@@quanttradeedge2514 It was work a shot... ha ha
Didnt find a question about this, but do you ignore if the next required bar is an inside bar? and if you get confirmation from the ,lets say third bar in this case, you go with that? Or strictly 2x 1min bars? Thanks in advance
Good scenario. If the first bar was strongly green and the ID was at the top 1/3 of that bar, I'd take it.
Great setup, thanks! just one question, i see the first green arrow, but why is the arrow not on the green candle just one minute before. it appears to have met the criteria as well.
It would have been - but there was no trigger. I only had the arrow show up on triggered setups.
@@quanttradeedge2514 Ah, got it, makes sense, thanks!
Great video! Are you waiting for the bar to close on entry or are you entering right as it crosses? Because if your entering on close that first short would of been a loser.
Enter on buy stop of that bar high plus 1 tick
@@quanttradeedge2514 Do you have an email? Wouldn't mind connecting... Did a 3 year back test on that strategy on NinjaTrader and did pretty poorly. I make automated algos.
Would love to connect. Quanttradeedge@gmail.com
Is the trigger bar valid if both the close and open are on the wrong side of the EMA but it has wicked through? thx
Good example. Technically yes, bc the trigger point would be above.
Hi, I am sorry for leaving a comment on your old video. I was searching for NQ scalp video and came to your channel. I was watching one of your video and you mentioned Hogie(?). And then I came to this video but after watching this video I am not 100% sure about Hogie strategy rule. Is there a video that explain about Hogie more in detail? I totally understood the first strategy 100% and will start using. Thank you.
A hoagie happens when you have one relatively large bar, and then more than one more bar stays inside the range of that original large bar. It is like an extended version of an inside bar.
As it pertains to gann bar counting, I do not count the wiggles that happen inside of a hoagie.
@@quanttradeedge2514 Thank you for explanation.
Trading scallops last week ES 3T 3S I entered a couple of trades at the the signal bar with stop market orders. Both times I got 1-2 full pts slippage making trades losers. (Optimus Rithmic) On these scalp trades are stop limits or stop markets better? Is either one significantly safer if we get a sudden market move?
I typically only use stop market. If you are getting significant slippage in ES, that is a sign of a disorderly market and perhaps a time to sit out. Our assumptions of risk are based on our stop - If the market is so disorderly that they stop on some thing as liquid as ES is significant- it's time to take your marbles and wait to play another day. Jmho. Remember, we have the advantage of not having to engage every day. It's better to engage only when your risk is measurable and the odds are squarely in your favor.
Thanks for your helpful content.
How do you fill your order with this quick movement ? I'm using interactive brokers. Can anyone help please ?
I use the classic Trader Workstation in IB. Remember, not all of this needs to be traded, but is needed to read the structure to catch the bigger moves.
Hi I'm not sure if you are monitoring this thread anymore, but if you are, this is Richard and I have been studying your Hoagies and Scallops and trading them for several months but have not understand how you move your stops. From watching your scalloping videos I see you are setting the initial stop with order entry depending on the size of the signal bar or is it just based on the ATR at that moment? e.g. ATR 15 you set stop at 15? If the signal triggers and goes in your direction, when do you move the stop. Do you wait for another entire minute to elapse and lets say you are in up trend, move it to the top of the signal bar or wait for the next bar to close and place it at the top of that bar? Many thanks for your ideas and videos. Is there another platform you can be followed on?
I would typically wait for each minutes bar to complete and then move the stop behind the previous bar. Sometimes other bar count criteria come into play. For example if it's only the first violation, I may stay with it but once we know that a 2e has formed, you want to be quick to exit on a violation of the previous bar.
@@quanttradeedge2514 Thank you as always!! Got it. Could you explain a 2e?? I'd like to learn more bar count criteria to know how to catch bigger moves off these patterns. I trade both as scalps every a.m. with fixed T & Stops e.g. Hoagie 5.5T 10S. I study Brooks and Fuller. Anyone else you suggest? Best wishes.
Surely this is negative r:r though?
Paper traded this on Ninjatader with this set up on ES Feb 23 (I don't trade NQ yet), but it took a while to spot the set up in real time and I flubbed my first entries. So I backtested this evening from 6:30 am PST to 4:30 pm PST on one minute chart, 4pt T 8 pt stop. 14 Winners at 4pts each, 2 losers 8pts of stop each. Total potential trading just T and S:
40 pts at $50 a point. If you were able to expertly manage the trade, the profit was double that. Of course real trading, paper trading and backtesting are all different things and with each increase in reality, results degrade. Still wonderful set up. Many thanks.
Glad you are enjoying the content. Identifying the pattern in real time will get easier with experience. You could also consider using a higher time frame, like 2m or 5m. Your ATR would go up, but it does give you a little more time to react and set up your orders.
Wow very nice stats. Thanks for posting this!
@@DTWFOREX As I look back learning more about ATR and ranging days, I think the trade worked so well that day because it was a major trending day on ES. Unusual for that market.
@@richardgayton1337 I agree, I think this strat works best on NQ, if you can take half off or get SL to BE and hit a runner...you would need 1 of this day on NQ, even MNQ
@@DTWFOREX Yes, one has to be very nimble to do that probably with a big trailing stop.
2md question... So you are looking for the setup to occur in a pullback and for the trend to continue?
Yes. Typically, you will get a bad scalp set up when the trend is going to fail. So, my only taking the good scalp set ups, you helped so I can do better batch of scalps.
Hi Quant, if the second candle did a reversal candle but not the color with trend, is it a valid setup?
Better odds with the right color. Can still work, but looking for the best of the best..
Is there a reason you didn’t consider any shirts when the bars dipped below the 10MA at around 8:55 to 9:10 on this chart?
I don't believe there were any arrows signifying the short scalp at those times.
Awesome video brother do you give out your indicators
I have them programmed in Cqg. The indicators on this video are extremely simple, and laid out in the first part of the video.
Wow! Thank you for creating this content which is really insightful and confidence inspiring. I find so much value in this strategy. When you speak of mechanical trading are you using a software that automatically recognizes and executes these trades on your behalf or just adhering to a strict mechanical strategy? Thanks!
I typically enter all of my own traits manually. It is mechanical in the sense that I don't have to think. Stops and targets are preset.
Thank you for the reply @@quanttradeedge2514
One last thing, you stated that your profit goal was 10pts and you were setting a 20pt stop. I'm wondering why you risk 2x your profit potential at the beginning of the trade before you start moving it up. Is it because you feel so confident in the setup candle? I understand you are setting it based on the ATR @@quanttradeedge2514
Assume you completely randomly took a trade. If you had a 20 point stop and a 10 point target, over a large number of trades, you would have a 2/3 win rate. And a net zero expectation.
We expect that the set up has value, in that your hit rate will be higher than 2/3. With scalping, do you want a high win rate. To get that, you give up some of the risk reward ratio.
This is the opposite of the 4x trade, where you only need a win rate of 20% to break even. If you take good set ups, you may end up with a 50% win rate, which is amazing for a 4:1 risk reward trade.
You can start trailing one minute bars on this strategy. It may eat into your win rate a little bit, but it will help your overall risk reward ratio.
@@quanttradeedge2514 I like this comment, because here is another thing to think about with this strategy,
Sizing up = run 2 contracts instead of 1, grab the ATR take profit (~10) on contract 1, then use contract 2 as a runner for extra profits. (move contract 2's stop loss up into profit 1 tick in order to cover commissions, once contract 1 has hit the profit target)
Would be a good way to take advantage of these quick moves, and banking your profits early on one contract, while getting most of the move on the other, best of both worlds in a way
More tutorials please
Hej thank you for this strategy! The only thing I don’t understand, how do you know where to go out of the trade, sure you see now how it played out but in the trade what’s the exit strategy?
1/2 of ATR(10)
Hello: can the hoogie pattern be used at any time of the day when it occurs? I mean, the structure can be applied as high probability in both European and American sessions? Thanks
Yes - preferably in a trending market that is respecting the 10 ema. As with most TA, you want an active session vs. middle of the night low volume chop.
Can i use the hoogie in other markets like SP, crude oil? do you have any other simple and efective scalping methods? Thanks
Hoagies work in all market. My latest video shows a multi-day hoagie in CL.
I might be missing something but it looks like there are several setups without arrows? I cant seem to figure out why? IE 5 bars after your 1st entry?
The bar is an outside bar. The long setup bar needs to have a lower high and lower low, but have close>open (green candle body).
@@quanttradeedge2514 Hi QTE...this answers my prior question but didn't think of the right term.....why do you recommend not taking outside bars as signal bars?
Outside bars use up a lot of juice. You typically get a nice thrust off of a narrow bar. Think about on the daily chart after you have a trend day - you tend to oscillate around for a while to digest the move.
Ok this is the content I want to see. Amazing explanation of a scalping system, going to load it up now and back test. Definitely looking for any insight you have on intra day price action level breaks on the 1 min and 5 min. Also, do you only trade RTH or do you look at premarket activity? Thanks
Thank you for the encouraging comment. I have roughly 70 different trading systems with an edge. This is one of the simpler ones. My favorite set ups have a minimum of 4:1 return to risk. Maybe we can collaborate on some testing projects. What coding language(s) do you back test in? Some of my systems take into account pre-market behavior. But for scalping, unless there was news like the jobs report, I prefer to wait until the pit open.
@@quanttradeedge2514 70? Wow. My back testing is manual...I created a candlestick pattern on thinkorswim and went through the first 1hr for the last 5 days. I can see what you're looking for better having done it myself. The 10 ema is a big qualifier for sure.
Ideally, when things are programmed, you can make small tweaks to see if they improve or degrade a system. But nothing substitutes for the hours of manual study to develop a good intuition around a strategy.
@@quanttradeedge2514 I am an algo trader using python language to automate the strategies , doing backtesting and finding the stats . Kindly reply if i can work for u .
i will love to contribute to this channel as i have learned a lot form u .
Thanks for making such awesome videos and becoming my mentor .
Hi Rupinder - please email me at QuantTradeEdge@gmail.com and lets get some research going together.
I'm usually pretty good at understanding these things, but here, looking at your arrows highlighting the candles, are assuming an entry right at the top or bottom of the candle? Feeling dumb asking this.
For a long trade, it is a buy stop at the top of the candle. All of the trades are done with a stop entry and there is a stop at a target that are automatically triggered when the trade enters.
the indicator you used, where can I find it?
I haven't seen them anywhere. The video gives you everything you need to program it.
are you closing these trades fully at the half ATR typically, or take profit and set stop to entry? could you explain your take profit strategy with this trade strategy? and is there any indicator for this on trading view?
our discord community has programmed this. available in our discord
Very much enjoy your content. I'm trying to code this strategy as an indicator and have a question: how long will you wait for the stop entry order to be triggered? For example, if there's a setup but the next bar or 2 bars later don't reach the entry price, do you keep the order there until it's hit or do you cancel the order at some point?
Best ones trigger on the next bar. If you have an inside bar, then can trigger after that. After more 'inside bars', you have a hoagie.
@@quanttradeedge2514 your youtube comments are more valuable than most website articles. thanks.
Thanks for the kind words!
@@quanttradeedge2514 FYI I coded it into thinkorswim and I like the signals quite a bit. I'm watching it on a 2 minute chart.
@@jy6839 brother, could you help me with it please? I have no experience with coding and this system is phenomenal
Good morning, I had a question. Should I take only the breakouts that are in favor of the trend according to the EMA 10?
On the other hand, the hoogie must be perfectly formed? I mean, if there are strands that protrude a little or similar things, it is no longer a hoogie?
Do you recommend me some rule like after 2 losers abandon or something like that?
thanks
Yes to your first question. I like to see that the trigger point is on the correct side of the 10ema for that trigger.
The hoagie must be perfectly formed. I think once you get away from that, you are entering an element of subjectivity for which it will be harder to maintain proper statistics.
Stopping after a certain amount of losers is a good overall risk management process. When you keep getting successive losers, it may indicate that the market environment is not correct for this trade strategy at the moment. So by stopping after a string of losers, you are protecting your capital.
To figure out exactly how many, you could look at 95% confidence interval for consecutive losers given the success rate of the trade that you are executing.
For example an 80% winner. Two successive losers will only happen 4% of the time (20% x 20%). If your trade is a 60% winner, .4x.4x.4 = 6.4% - So you would need 4 consecutive losers to get
Do you ever use fair value gaps in your trading? Also, I know you said you like to use this strat in the first two hours of the day. What is your go to strat for ES or NQ in the afternoon when ATR is lower?
When I was more involved, I did more with gaps. When the ATR is low, I'm reminded of Mr. Miyagi's advice "Best block Daniel son - no be there".
@@quanttradeedge2514 I know you get many requests for videos and I think you have slowed down making them due to other obligations. If you ever get a chance to show your favorite use of gaps in a video, I'd love to see it. I just discovered them and really interesting how well price respects them in trending markets. I haven't seen Karate Kid in the longest time...ha! If I am interpreting Miyagi's words correctly, "the best trading strategy is to not trade low ATR at all"
is there an indicator that is used to show the entry arrows? thx
I have it on cqg. The first part of the video explains the exact criteria - you can program it on any platform that you like.
Do you have this automated? If so, what API program are you using? What charting package are you using for IBKR Thanks in Advance
I do not
What would the ATR be for ES & CL? Thanks.
ATR(10) for scalping
What are your thoughts on trading this off the 5 minute? Thx
I think it would work well - it would need a larger stop and target.
This video is fantastic. By chance do you have or are you aware of an indicator that can help pick out this structure on trading view? If not do you know anyone that can code one for me ?
I'm not too familiar with trading view.
is there a specific name of this market structure or candle pattern ? also can you explain the "hoagies" better in depth.maybe you have a video explaining that a bit clearer? maybe i can see if the indicator is avail. is this indicator you have avail for tradeovate ?@@quanttradeedge2514
Hello, then, in relation to the previous comment, it is necessary to tighten and that all the candles in all its ticks are inside the previous candle, right? If the formation is broken
By one tick then it is no longer useful, right? And on the other hand, I see that after the break of the hoogie, the price moves a lot. How should I manage the target? For example 25 points on the NQ would be ok?
All of the ticks do not have to be inside the previous candle. But there is one candle that is encompassing many subsequent candles. If they are all truly inside, you have ID(2), ID(3), etc. I think one of the reasons hoagies are successful, is that they are a little harder to program than strict inside bars.
Every situation is different, but two times the size of the hoagie bar is a decent target. You could also trail, or go with it until you see a divergence. 25 pts is fixed and depends on the market environment.
@@quanttradeedge2514 i dont understand this. Can you explain in other way please?
There a mother candle. Then 2 or more bars are within that mother candle.
Where to find the plot for the signals arrows ?
I'm looking for the same thing!
Hi. Thanks for thd video. Where do you put your SL and TP?
SL beneath the low of setup bar (for a long). TP can be fixed based on ATR or you can trail bars till you stop out.
@@quanttradeedge2514 many thanks
@@quanttradeedge2514 how can i join the discord group?
can you show a result of a backtest of 100 trades? how much percentage can we earn?
Coming back and manually testing 100 samples would be a great way to build confidence in a system and give you immense insight into variations and nuances. With regards to percentage earnings, that completely depends on your money management (position sizing) algorithm.
Hello, also how should I manage the stop? In the system with hoogies, should I apply a negative ratio... for example, a 2 to 1? Or can I apply a 1 to 1?
On the other hand, should the stop necessarily be one tick below the hoogie or above it, depending on whether the entry is long or short? Or where should I place the stop?
Finally, can I apply the hoggie on smaller charts of 200-300 ticks and have more trading volume? What is your opinion about it? Thank you very much for all your help.
Yesterday applying the hoogie method I made 2.100 dollars in the nasdaq with only one contract in funded account.
For hoagies, you can apply a 1:1. Since the entire pattern is in one time frame, 1:1 is appropriate. When you do trades that combine a higher and lower time frame, you can go for bigger upside like 4:1, etc. depending.
Can you provide a TOS thinkscript link to this code that I can import into TOS to use this indicator? Thanks!
I only have it for CQG
I have a question.
M5 is safer than m1?
What is M5 and M1?
what do you look for at ATR ?
Do you want to make sure there is enough range to be scalping a fixed number of points. I believe I'm using an ATR 10 or 14 on that.
what risk:reward do you tend to use when scalping?
Usually 1:2. Risk 2 to make 1.
does this work well with 2000 tick charts for NQ?
Conceptually, I would expect it to, but I have not tested that.
For the HHLL strategy for NQ what is the minimum value 10 period ATR you would scalp? Thx
I've never thought of a max value. Usually the more range the better. But you can reduce your size for an extremely high range as your stop is proportional to your target, which is proportional to ATR.
@@quanttradeedge2514 i dont think i worded my question correctly. Using the ATR as a measure at what point would you consider the market too complacent to trade. Thx
Since I like to go for a minimum 5.25 points on a scalp, I would say 10.5 ATR min (so we are catching a 1/2 ATR move).
is their a tradingview indicator for this ?
Someone here tried publishing one. Not sure if it worked out.
with this strategy, if im understanding it correctly, your stop loss will often be bigger than your tp no? seems like a really bad risk to reward to have 20 points stop for a 10 point TP? or is it fine because your trailing your stop? some clarification would be great for me thanks for the video
in scalping you trade off r/r for s high win %. you understood the r/r correctly. Trailing does help reduce the amount of time your stop stays large.
@@quanttradeedge2514 okay thanks for the response! Do you know if there is an indicator in trading view to help spot these setups? Do you use an indicator Or do you just spot them manually on ninja trader?
Hoagies and the other one minute scalp (I called it a scallop. Do you call it that?) easy, profitable to follow and trade if I avoid temptation of a falling ATR. Do you have other 1 minute scalps in your bag of trades?
Yes - the umbrella - I was going to do a video on that soon.
More content like this
@@quanttradeedge2514 Roger that. Look forward to it. Trading hoagies this am on ES. Many thanks.
@@quanttradeedge2514 same as LBR's umbrella trade?
@@quanttradeedge2514 Definitely need that. Thank you so much!
Hi how can I create alerts or arrows in NT8 platform for this method please?
The method is explained in the front of the video. It can be programmed in any language.
What do you mean by "no heat"?
Without suffering a drawdown.
how can i get the hoagie indicator and the the other indicator in this video?
Join our discord. We have members that have programmed indicators for trading view and ninja trader.
wow!! How can i get access to that first indicator?
It's laid out in the video. You can code it into any platform.
I'm not sure how to code - what is the chance of maybe getting this indicator on Tradingview? Will be appreciated!!😍@@quanttradeedge2514
Any TradingView indicator available for this setup?
they have been programmed by members of our discord. Available in the discord.
Have you tried this with tick based charts or do you just stick with time?
I have not tried with a tick chart.
@@quanttradeedge2514 it looks really tidy on the 1024 chart if you are thinking of taking the tick charts for a spin
are there any other indicators that I can use to confirm my entry when scalping with this stratagy? I want to feel extra confident before entering the play
Especially on a 1 min, you need to be quick. Too many indicators can bog you down - unless you program them in. I would imagine a buy set up bar closing close to its high would make it better - having a certain proportion of body in the candle (vs. a doji). I haven't tested those, bit those are a couple ideas for you to explore and test.
So for tradingview, just an outside bar indicator, 10 ema, an hieken ashi candles?
Nothing in this strategy involves outside bars or heiken ashi candles.
@@quanttradeedge2514 ok, thank you for the response.
Wish I could write code. I'd love to try this on tradingview or tradovate. Great strat. Thanks for putting it out there!
Some people in our discord have done that.