I know this will be used only on daily, weekly and monthly, but I tried it on M5 and it works fairly well if you want to scalp or scalp to swing.
I used tradingview. All transactions are from now till back approx. 1-2 weeks. No cherry picking. I followed any
indiors or listen to trend, market structure, price action, news etc. so theres room for improvement. I simply attempted to discover legitimate Type1 setups.
GJ, M5
Pips: 195,4
Trades: 14
Winrate: 85,71%
Uj, M5
Pips: 188,2
Trades: 21
Winrate: 76,19%
GBPNZD, M5
Pips: 236
Trades: 21
Winrate: 76,19%
EJ, M5
Pips: 263
Trades: 17
Winrate: 88,23%
Remember that I constantly used the almost best possible exit. I know its not realistic, but that just shows whats possible if you allow couple of places run. TP1 RR1:1 was struck anyhow the majority of the time. Its up to the trader what to create out of the remainder. Like I said with maintaining attention to price action theres much possible, but trading this entrance method blind its still profitbale for now. I know that 20 trades each pair aren't much and I'll keep on studying, but the results looking great for now.