H1 DGAP STRATEGY
Hello Bernhard, I was wondering about your H1 DGAP strategy + impulse line on M1 you've been talking about in 2020 in the forex factory forum. Do you mind sharing why you only take trades from London open + 3 hours? Also, I see you use 50 pips for TP. Do you use the same for SL? Thanks for all indicators, I've been profitable since early 2022 now thanks to you! :) Have a good day!
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It is important for each trader to develop their own trading style based on their psychology, time commitment, and financial background.
Due to the fact that M1 is only for experienced scalpers, you need to determine which settings are best suited for your trading strategy.
For beginners, we recommend using M30 or H1 or higher. The lower time frames are more volatile and should only be used by experienced scalpers. However, you said you have been trading for a long time.
My opinion is that the H1 will help you stay in the trend, but it is a bit far from the M1.
If your signal comes from a smaller TF, then your TP must also be smaller.
Every day you can see the Market Momentum line rising at London Open or news and flattening overnight (around NY Close). Depending on where you live and when you have time to trade, you must make your choice.