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WHICH INDICATOR OF YOURS WORKS BEST ON SHORTER TIME FRAMES (1-5 MINUTE )
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I guess the more relevant question would be, which one or any other indicator you have would work best on shorter time frames (1-5 min) that shows me the trend so I am always trading or scalping with the trend.
Thanks,
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Day trading is a losing game and I don't support it or advise its use apart from in times of exceptional volatility.
Scalping is even more of a losing game than day trading due to commissions and bid ask spreads being not much different to the profit of a winning trade.
You can apply any of my trend following indicators to aid being in the right direction with the trend but you wont make any money unless you use very long length settings or wide distances to compensate for the use of a 1 to 5 minute chart.
Many vendors claim to have profitable day trading systems but these are designed to fool beginners as they know day trading is popular because of its excitement value. To my knowledge there are no profitable day trading systems with a 5 year track record of profit.
