Introduction of a scalping method product review that uses the indicators of heaven and earth
This is my impression after using the tool introduced after the update.
I tried trading GOLD only at 0.01 lot for one week as a trial.
The market is varying every day, and the data is not reliable since it is based on about 3 hours per day and results from 1-minute charts.
I did not trade around the release of indicators.
As a result: number of trades 32, earned PIPS 416.4 PIPS, total profit 6,131 yen.
Stop losses occurred 4 times, with the maximum single loss of 564 yen.
Entries followed the signals, but there were times when I had to be away from the PC, so I sometimes closed positions before the profit target or left orders by placing limit orders.
When the market moved against me, I set a personal rule: if a signal appeared beyond a certain PIPS range, I could only add one more lot to average down until it reached the nearest high/low of the stop loss, and when a settlement signal appeared, I would close everything even if I was in loss. I traded according to this rule.
If I entered on every signal with this rule, eventually I would incur a large loss, but usually the stop loss would be far away and the 15-minute oscillator would stay extended beyond ±80 for a long time, so I skipped those cases this time.
The indicators being introduced seem to be based on TMA, so in real-time trading the signals may appear later or disappear, but on shorter timeframes the signals that appear simultaneously with the arrows are reliable.
It feels like I am screening the “heaven and earth” signals with the heaven and earth oscillators and TMA, plus two moving averages of different types over a certain period.
A personal strength of this method is that it works well in both trending and ranging markets.
If I touch on that point, it would be a spoiler for the method, so I won’t go into detail, but examining how the signals work gives me a strong impression that it is well designed.
Using the heaven and earth indicators in conjunction with them yields excellent performance.
If I had been glued to the screen for an entire day, the results might have been different, but scalping is not done in extremely low-liquidity periods anyway, so if traded in suitable times, I expect solid results.
The part about selecting entries based on oscillator shapes, strong trends, candle sizes, presence or absence of indicators, etc., is not entirely discretionary, but the selection criteria are things many traders normally consider, so it isn’t difficult.
If you aim for large PIPS, the standard heaven-and-earth usage and scalping with this approach should provide enough profit.
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