1-5 min scalping on binance is it worth it - page 4.

stomachgrowls

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Quote from: forestx on July 08, 2022, 04:03:46 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

Scalping is one of the trading ways but its not for everyone and if you are just a newbie in trading then better not to touch this area if you dont like to suffer fast losses on a shortest time frame.

Yes, you could really make profits on the movement but having that 1-5 minute timeframe is really needing those skills for you to handle out those movements even on the slightest one.
Its good that you are aware of those commission fees deducted and considering that 0.2-0.8% in between loss or gain.

If this one suits your taste and you could able to sustain for long term then stick to it but if you are just new and had recently test out this strategy of trading and turns out to be profitable
then you should engage and make use of it until you do get used about the reality and the essence of volatility of this market. Cheesy

palle11

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Quote from: AicecreaME on July 09, 2022, 08:37:08 AM

Scalping in that very short period of timeframe requires a lot of analysation and good decision making. You need to have fast internet to cope up with the sudden price change and end your trade when you hit the price you want. I don't put stop loss when I'm scalping since it is a quick trade only. I always pick coins that has high volatility like Bitcoin because that's where your profit are.

Don't scalp tokens that has a low volatility because you'll get frustrated about your gains in that 5mins timeframe.

I think the strategy op is trying to use may be consumed by volatility. Like you said scalping is a very fast and vigilant trading strategy that makes easier by stable network so that your order don't run beyond time expected or profit taking. Exchanges set fees for the orders, it depends on you on how many times you want to approach the market if you don't want your order to run long time.

noorman0

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The only relevant type of trade that can be profitable in both directions in the short term is simply futures with a high degree of leverage.

Quote from: forestx on July 08, 2022, 04:03:46 PM

-snip-
I would if successful use leverage with these trades but is it even possible to trade such small fluctuations and be profitable

Even more so, if I remember correctly Binance gives up to 50 leverages for certain coins. You will get the sensation of trading like binary options which tend to be out of control. You have to really limit your futures funds somehow.

AicecreaME

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Scalping in that very short period of timeframe requires a lot of analysation and good decision making. You need to have fast internet to cope up with the sudden price change and end your trade when you hit the price you want. I don't put stop loss when I'm scalping since it is a quick trade only. I always pick coins that has high volatility like Bitcoin because that's where your profit are.

Don't scalp tokens that has a low volatility because you'll get frustrated about your gains in that 5mins timeframe.

maydna

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The scalping technique can work well if the market price can go up and down quickly and there is a movement between supply and demand so that we can buy low and sell high. No need to sell too high, the important thing is that we can get profits many times. But this scalping technique has the risk of getting a high price because the price can drop immediately or get a dump at a low price. But as long as there are large ups and downs, the dumped price can immediately return to the high price to help us sell it and make a profit. I don't know if it would be profitable to use leverage because it's different to spot trading.

forestx

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Thanks for replies
The strategy I am testing is on spot and long only
One the 5 minute chart the back test takes in 800 trades with average proffit per trade according to trading view 1.45% average bars in trade 8
However as I said when I paper traded it, it is a disaster
I would leverage it if I thought it would work but results are not good so far

I am looking to build another strategy to test based on ATR levels but trying to figure out fees and other hidden charges and see if it is even possible to be profitable

GreatArkansas

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There are some people who are really owning on scalp trading. Just stick with your plan and make sure you always have risk management.
Some will not agree with you but if you find it profitable for you and you can master it, so go for it.

Another thing to always think about is not all or most of the time is good to trade it doesn't mean you already exited your long position and you are bearish already and can open a short position, avoid it.

Oshosondy

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Quote from: forestx on July 08, 2022, 04:03:46 PM

I would if successful use leverage with these trades but is it even possible to trade such small fluctuations and be profitable

15 minutes candle sticks chart and the use of indicators can help in scalping, but you have to be careful of the leverage used because indicator can fail. I do not recommend leverage. Some people are using scalping to make profit on a daily basis and it is working for them, but know that trading is very risky as some people are using it to make losses. As you are a beginner, use just the amount of money that you can afford to lose to trade, it will even be better to use lesser amount.

mk4

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You can always have "unbelievable results" if you only tested it a couple of times. Luck can be a huge factor with trading (especially in lower time frames) that you need to learn to distinguish between luck and skill.

Quote from: forestx on July 08, 2022, 04:03:46 PM

I would if successful use leverage with these trades but is it even possible to trade such small fluctuations and be profitable

Thousands and thousands of people are literally doing it. It's just up to you if you're actually good enough to end up profitable.

cryptoaddictchie

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Thats effective if your trades are really high in quantity(spot) or high leverage (fund in futures) since you can feel the profit within the ranges of fees incurred. However that time frame is quite risky even what method you used. Maybe there are some who do this who actually have experienced with it or trying to have profits even at smallest time they could gain or can be considered work for them as they have qoutas for gaining and limit on losing.

electronicash

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that's one fast way to lose your money. have you not notice that BTC price can abruptly jump from 20,000 to 21,000 in less than a minute?

i think everyone who had been in the spot market have tried scalping that frame but personally me have seen it plotted to make me lose my coins. you have got to have a god-like skills to make it. if the market is steady going to one bullish direction and you are just selling in the 5 minute chart and buy back after a tiny dip. a bot for this will be useful.

jackg

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https://bit.ly/387FXHi lightning theory

Are you trying to trade on spot or futures?

If you're trading on futures, you'll have to account for a funding rate.

Making a lot of trades with a 1% profit and an OK win rate is often the way people go in the space afaik. You can't lose too much if your strategy goes bad for a bit and people get nervous when they start to increase their risk (and sometimes rightfully so).

The issue with a lot of strategies is they're good until they're not, and you have to work out when that'll be. Also if you want to be more successful, look at how these strategies have been built and try to rationalise them to see if there's a cause for how they're able to be successful.

Trading "by eye" or without proper automation might also be a bit tedious and boring too - it's not the timeframe you can set and forget with (or set and come back in a few hours).

Bitcoin_Arena

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Quote from: forestx on July 08, 2022, 04:03:46 PM

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

Did you try to find out why the strategy failed when you did paper trading? High leverage? Tight stop loss? Low risk reward ratio? poor win rate?
What results were you basing on when you said it had unbelievable results?

Quote from: forestx on July 08, 2022, 04:03:46 PM

I would if successful use leverage with these trades but is it even possible to trade such small fluctuations and be profitable

It's possible, but very hard. There will be combination of factors
1. Market situations (trendy or sideways? Volatile or non-volatile?)
2. Liquidity of the futures contract you are trading
3. Leverage you are using
4. Risk management strategy

Sterbens

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Did you just try it for the first time during trading? do not expect more if the level of accuracy and speed of the market in taking prices will make you lose and cannot be really fast in scalping trades. You are very easy to play with market prices and I tried it for a long time until I decided not to like it anymore.

Good luck for such trading.

forestx

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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

Topic: 1-5 min scalping on binance is it worth it - page 4. (Read 876 times)