1-5 min scalping on binance is it worth it - page 3.

gunhell16

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Quote from: forestx on July 08, 2022, 05:03:46 PM

I am looking at scalping Technics on trading view
I found one that had unbelievable results so have been paper trading it on 3commas and it is not working the same at all. I am shocked Grin

I have found another one or two which also have good results but dont know if it is possible to actually trade the strategies.
They consist of a lot of trades with low profit or loss eg 0.2-0.8%
I have added commissions on trading view of 0.05% which I think is Binances fee
I would if successful use leverage with these trades but is it even possible to trade such small fluctuations and be profitable

Doing scalping in trading has its disadvantage and disadvantage dude, First of all yes you can earn fast but you can also lose fast that way. Unless you quickly analyze the movement there in the chart graph of the exchange, it can be said that it is safe, but if you are not sure, there is also a bit of risk, in my opinion.

now if you are really determined to do that, use the candle stick as your tools there in the chart and
indicator so you know if you should buy or sell. Good luck doing that.

0verseer

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Quote from: adaseb on July 12, 2022, 12:39:12 AM

If you really want techniques like this to work. You can’t trade the 1M or 5M charts. You really should be looking at the 1H and higher. And use m15 to make an entry.

Sure you can trade more often but the 1M is mostly chop. Especially right now in the summer with no liquidity. If you want to trade it anyways do it on the NY open at least when it’s more active. Rather than the boring China sessions.

Scalping on future trade with the M15 chart simply works. At least works back when BTC was hovering around 30k, keeps popping up and down that range in less than a day so entry point and short/long also hovering around that price. Just quick in and quick out if you see good PLN to cover the fees. But as always, you can't expect the same trick works twice. Right now, I would advise OP to stay away from future trade or scalping since not just the problem with no liquidity but also the market is even harder to predict. Sure we're in a recession and it was coming but the price hit quite low, nearly the bottom already. Any whale's movements can fuck up the chart and your position. Yeah, that and the exchange mafia with their manipulation as well.

niceli

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I don't know if it is worth it, but I know that it is going to be something quite rare to get, and that is why I really doubt that you would have a success doing it if you are a newbie. Try being a very good trader first, with demo accounts and studying online from courses and youtube videos etc. If you are doing all of that then you are going to get a good result, or at least a better result than what you would get otherwise. Does that make sense to you? I do not know if it does, but it is certainly a method where you start not from zero, and not starting from zero means that you will get a better result one way or another.

Rufsilf

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Quote from: Adbitco on July 12, 2022, 05:16:01 AM

Keep this in mind, being to greedy might take you off from it.

Greediness will certainly outplay us but I think, it was not the concern of OP. What he is trying to look to if he could manage to earn some profit using scalping as it was indeed isn't sure if this will work at this time.

Well, I have to suggest to OP that this was a risky strategy, in fact, the majority of traders aren't using this time as we can see that prices mostly went low rather than making it high. I'm afraid that instead of thinking passive results, we ended up losing.

Adbitco

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Most at times to make out something from scalping you don't need to focus on 1-5 minutes charts as they mostly confusing, I suggest you should try and view from various charts maybe 15- 1 hrs chart will give you the best analysis on what's going to happen next before you would get something mind blowing.
Keep this in mind, being to greedy might take you off from it.

traderethereum

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Quote from: forestx on July 08, 2022, 05:03:46 PM

I am looking at scalping Technics on trading view
I found one that had unbelievable results so have been paper trading it on 3commas and it is not working the same at all. I am shocked Grin

I have found another one or two which also have good results but dont know if it is possible to actually trade the strategies.
They consist of a lot of trades with low profit or loss eg 0.2-0.8%
I have added commissions on trading view of 0.05% which I think is Binances fee
I would if successful use leverage with these trades but is it even possible to trade such small fluctuations and be profitable

I don't use scalping very often because I have to be in front of the computer analyzing the direction the price will move.
But before starting scalping trading, you should pay attention to your internet connection because it plays an important role in trading.
We don't want to see our trades responding too late and causing us losses.
But scalping trading can also benefit you if you can play fast following price movements.

gunhell16

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Quote from: forestx on July 08, 2022, 05:03:46 PM

I am looking at scalping Technics on trading view
I found one that had unbelievable results so have been paper trading it on 3commas and it is not working the same at all. I am shocked Grin

I have found another one or two which also have good results but dont know if it is possible to actually trade the strategies.
They consist of a lot of trades with low profit or loss eg 0.2-0.8%
I have added commissions on trading view of 0.05% which I think is Binances fee
I would if successful use leverage with these trades but is it even possible to trade such small fluctuations and be profitable

Conducting scalping trading can be said to be a good way for an individual trader to earn quickly on exchange site platforms such as Binance. That's why it can also be said to be a dangerous method because you can also lose your assets quickly here if you only have enough knowledge in crypto trading. Many have done this so most of them have failed to make good money in trading, only a few of them have made money because these are the traders who know what they are doing and engage in such token exchanges on the Binance platform.

adaseb

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If you really want techniques like this to work. You can’t trade the 1M or 5M charts. You really should be looking at the 1H and higher. And use m15 to make an entry.

Sure you can trade more often but the 1M is mostly chop. Especially right now in the summer with no liquidity. If you want to trade it anyways do it on the NY open at least when it’s more active. Rather than the boring China sessions.

sklopan

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How are you doing? I also explored a similar possibility, but I decided that now is not the best time for such experiments, and for the time being I postponed such decisions.

Ziskinberg

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For campaign management look for Little Mouse!

Quote from: forestx on July 08, 2022, 05:03:46 PM

I am looking at scalping Technics on trading view
I found one that had unbelievable results so have been paper trading it on 3commas and it is not working the same at all. I am shocked Grin

I have found another one or two which also have good results but dont know if it is possible to actually trade the strategies.
They consist of a lot of trades with low profit or loss eg 0.2-0.8%
I have added commissions on trading view of 0.05% which I think is Binances fee
I would if successful use leverage with these trades but is it even possible to trade such small fluctuations and be profitable

Just a piece of advice, never assume that all you have seen is true and also it happens to you in real life. I'd never stop you to think like that but I suggest trying it and seeing the results in actual trading and from that time, you can decide whether you will continue scalping or remain to spot trading which I guess was the best strategy for this bearish time.

Well, success comes from an individual decision, not from others. If we prove it works, then just do it.

OracleEasy

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Quote from: forestx on July 08, 2022, 05:03:46 PM

I am looking at scalping Technics on trading view
I found one that had unbelievable results so have been paper trading it on 3commas and it is not working the same at all. I am shocked Grin

I have found another one or two which also have good results but dont know if it is possible to actually trade the strategies.
They consist of a lot of trades with low profit or loss eg 0.2-0.8%
I have added commissions on trading view of 0.05% which I think is Binances fee
I would if successful use leverage with these trades but is it even possible to trade such small fluctuations and be profitable

It's very possible, I will show 5 minute chart for you
https://www.tradingview.com/chart/4yKcZbPB/

edgycorner

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Hurrah for Karamazov!

You will definitely make some profit during a bull market with such strategies.
But when the bear market comes, you will experience consecutive losses. These kind of strategies can even wipe out your entire balance if you aren't careful enough.

Of course, you shouldn't let this thought hold you back from trying a new strategy. Just be careful Wink

Nothing is certain or ever-lasting (especially with cryptos).

freedomgo

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No time frame was used in scalping as you are referring to the market price movement. But I see this was only for experts, not for newbies or those who have less experience with this. And yes, scalping can be worth it if you know how to manage your trades but if you are not focusing on it, doubted you can make something good from it.

If I were you, I do spot trading and just play the market volatility, you'll somehow earn some as long as you are indeed patient.

seleme

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Well, overall scalping strategies don't work as expected in the long run due to the obvious reasons. Swing traders can make same amount of pips in week while scalpers waste their time on small timeframes. Staring at the screen for hours and getting similar results can't be attractive due to stress, mental pain. Anyways, simulate the strategy on historical market movements and trade carefully because single loss streak can melt profit of week without stop loss, IMO.

AakZaki

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worth it or not, scalping has many factors you need to pay attention to and scalping requires good chart reading to enter and exit with the right timing. and also the resilience of the capital needed to do scalping repeatedly. If you're just going to try it without knowing how the scalping system works, don't do it. It is better to trade with a larger time frame while learning the science of trading properly. Don't force it, scalping is not as easy as you think.

Silberman

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Quote from: forestx on July 08, 2022, 05:03:46 PM

I am looking at scalping Technics on trading view
I found one that had unbelievable results so have been paper trading it on 3commas and it is not working the same at all. I am shocked Grin

I have found another one or two which also have good results but dont know if it is possible to actually trade the strategies.
They consist of a lot of trades with low profit or loss eg 0.2-0.8%
I have added commissions on trading view of 0.05% which I think is Binances fee
I would if successful use leverage with these trades but is it even possible to trade such small fluctuations and be profitable

You are asking a question that is not easy to answer at all as everything depends on your skills, could I do something like that? Not really, but there are many people out there that can, so the question is if you can actually pull it off? And for that you need a strategy which can make you profitable, it seems to me that you are still not ready to trade the markets for real, as it seems you paper traded your strategy and it seemed to be great but you have been unable to replicate the same results when trading for real, this should tell you there is something wrong with your strategy and as such you cannot use it until you figure out what is wrong with it.

Rruchi man

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Quote from: forestx on July 08, 2022, 05:03:46 PM

... is it even possible to trade such small fluctuations and be profitable

It is possible to make profit, but if you are the type that has set a financial target or goal for yourself, it may be difficult and require thorough discipline staying attentive to the charts to meet your target. If you are a very organized it may be possible, but if you fall into the category of persons who can easily get distracted by daily activities, scalping may not be profitable to want to stay too long in.

sklopan

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Sometimes it is worth evaluating things sensibly and understanding that sometimes the final results may not be worth the effort spent. This is also a fairly common scenario.

Alisha-k

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You are obviously enjoying your strategy because the market isn't that volatile at the moment. Scalping is profitable if you are fast in taking profit and your greed level is moderate. When Scalping becomes a bad idea of trading is when volatile increases because retesting of zones will occur often than expected. One sweet part of scalping is that it does not require back testing but smart entry.

adaseb

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The issue with back testing and paper trading is that it doesn’t take into account real world issues such as slippage and whether you get a fill or not.

Especially when you are trading the 1M. A bit can easily pretend to enter a trade however in real life you might of not gotten a fill to get in the trade or get out of the trade.

Try trading with real money and you will see it’s not as easy as it sounds.

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