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January 6, 2022

Fast profit on a non-standard timeframe

Fast profit on a non-standard timeframe

A trader should always look for new opportunities to make money in the volatile Forex market. Example - technical indicators on non-standard timeframes with confirmation from the xSignals service.

Strategy characteristics

Type: Trend and flat

Timeframe: Any in the range M1-M5. In our case, M1 is used, but with increasing periods of analysis, the accuracy of the signal increases.

Trading asset: Any currency pair. The main requirement is a fixed (2-3 points) spread and no hidden fees.

Trading time: All Forex trading sessions.

Percentage premium option: Not less than 70-75%.

Used indicators

The strategy uses a non-standard timeframe and one technical indicator:

  • Timeframe 2 minutes (M2). It allows you to trade more "calm" scalping than the minute M1. There is time to assess the situation and close the deal manually without automatic advisors.

The timeframe in the basic set is not available in all trading terminals. If not, you can find the right plug-in for all popular trading platforms on the Internet!

  • Doncian Channel − the horizontal direction of the lines confirms the presence of a flat, the breakdown of center lines will be signal of its end. If the range is wide enough, you can open options to roll back from the borders. This method is recommended only for experienced traders!

After installing the tools, the terminal's working window looks like this:

The terminal's working window

We trade orders for a rebound from only 3-5 candles after its start, we are sure to wait for a downward reversal of Doncian Channel.

Recommendations about use 

  • The strategy can be used on standard timeframes after testing and adjusting the indicator parameters to the characteristics of the asset and volatility.

  • The «narrower» Doncian Channel, the higher the likelihood of strong movement after flat completion. The opposite situation is necessary for trading on the edge of borders: the corridor must be at least 30-40 points.

  • The transaction volume in our example (2 lots) is not a recommendation, chosen based on our profit goals of the market vision. The trader must choose the money management system himself based on their deposit size and leverage!

  • During the publication of important fundamental news and statistics, we do not open options 30 minutes before the news and 30 minutes after the publication; cautious traders can close current deals.

  • You can significantly improve the result of scalping if you perform analysis on multiple timeframes simultaneously. For example, periods M5-M15 can give a hidden signal of a trend change, which is then confirmed by a deal on M1-M2.

Let`s summarize 

Non-standard timeframes can bring stable profits not only for professional traders but also for beginners. Once again, we remind you of two important factors of a positive result: mandatory adherence to the selected money management system and opening orders only during trend periods, on a flat, there are only ranges with a width of at least 30-40 points!