Paul introduces a new scalping strategy with a 100% win rate, but he clarifies that there is no perfect strategy. He explains the setups and rules to identify profitable trades and back-tests the strategy 100 times over to reveal the true win rate. He advises traders to thoroughly back-test new strategies on demo accounts before trying them out. The strategy uses the SSL Channel and CCI indicators. To enter a buy trade, the green SSL line must cross above the red line, and the CCI line must cross above the upper band. The opposite is true for a sell trade. Paul warns against relying solely on indicators to enter and exit trades and advises traders to set proper stop-loss and take-profit levels.
Introducing the 5 Minute Scalping Strategy: Is It Really 100% Win Rate?
The Truth About “Perfect Strategies”: How to Use Them Effectively
Back Testing Your Trading Strategies: Why It’s Crucial
Setting Up Your Trading Chart: Indicators and Settings to Use
Identifying Buy Trades: SSL Channel and CCI Indicator Rules
Entering and Exiting Buy Trades: Setting Stop Loss and Take Profit Levels
Sell Trades: Identifying and Entering Based on SSL and CCI Indicators
Why Relying Solely on Indicators is Ineffective: Using Structure Levels
Testing the Strategy: Analyzing the True Win Rate Based on Back Testing Results
Properly Utilizing Trading Groups and Automation Platforms