iVISTscalp5 Prediction Indicator is the main innovative product of our project. We are interested in everything related to time. iVISTscalp5 can be called a "Time Machine". The iVISTscalp5 indicator is presented on the website with default parameters (optimal settings) and for the MetaTrader 5 trading terminal (here the parameters can be any and more than 125 financial instruments). iVISTscalp5 searches for the highest probability of a pulse in the time interval that you have set for it. The pulse time and direction are displayed as flags at the bottom of the chart for the whole week ahead. Magic! The indicator does a huge part of the trader's work. Time was invented by people for convenience and synchronization of actions. Therefore, we used our time to the fullest for trading. Let's introduce the concept of "timing".
Timing is a forecast of the most likely price movement (sell or buy) at a given time. Each timing additionally contains a forecast of the average take profit that a trader can receive. Forecasts have the power of timing, which gives it priority. Timing is the time level where there is the highest probability (90-95%) of making a profit. The algorithm of trading using the VISTmany forecast system is quite simple: on the chart of any financial instrument, we see the forecast time, make a decision whether to open an order or ignore the timing. The process of self-learning is to learn how to make a decision, use a forecast or skip. There are more than 20 timings per day on only one financial instrument. You can always find the best 3-4 forecasts, earn money, rest the rest of the time, or switch to other things. No need to strive to trade all forecasts! Always strive for quality, not quantity.
Our goal is to teach you how to make a profit on timings. Timing is a forecast of time and a forecast of the potential of the average price movement of a financial instrument for scalping. The forecasting system is embedded in an indicator (manual trading) and a trading advisor (algorithmic trading). The most effective timings are in UTC: from 03:00 to 19:00 (winter time), from 04:00 to 20:00 (summer time).
1. If the price is at the minimum of the day or week, we ignore the sell timing. If the price is at the maximum of the day or week, ignore the buy timing.
2. If the timing forecast contains a small number of points/pips, it is better for novice traders to ignore these timings. A small movement may not pay off the broker's commission and spread.
3. We know the forecast of timings for the week ahead. It always helps to do the analysis. The location of timings is very important. If we see the sell timing, and after it, according to the forecast, you see a range of buy timings (from 2 or more), it is better to ignore the sell timing. Similarly, ignore the buy timing if you see a continuous range of sell timings ahead according to the forecast.
4. If there was sufficient growth before the buy timing, ignores the buy timing. The best signal to enter the buy timing is when the price has been falling before that time. It is the same with the sell timing. It is best when there was growth in front of him. Always remember that we have a scalping system. This means that we take a small part of the price movement that our system predicts. If you have no experience in trading, follow the rules of the system clearly.
5. If the price in the iVISTscalp5 indicator is on balance (pink circle), it is better to refrain and not trade.
6. We do not trade on the first Friday of the month. On this day, the important news is Non-Farm. When the news about the US GDP comes out, we recommend not trading on timings. This news is usually released at the end of each month (Thursday, sometimes Wednesday).
7. On the third Thursday and Friday of the month, do not trade according to timings. The days of monthly expirations make adjustments to the market, which can lead to a loss of capital.
8. If, according to the forecast of our system, you see double timings, for example, buy, then it is better to ignore the sell timings before them. If we see double sell timings ahead, then we ignore the buy timings ahead of them.
Our forecast is your profit! If you are reading the article, it means that your self-learning process has already begun. Congratulations! Now discipline should be your middle name. The main thing is to learn how to analyze and make the right decisions. The first thing you should do is to learn the basic rules of the forecasting and scalping system.
The forecast is calculated for the week ahead for any financial instrument (more than 125) in the mt5 terminal.
The indicator currently calculates forecasts for 12 financial instruments on the website.
Gradually, new trading tools will be added to the site.
Let's look at an example where we analyze the situation on XAUUSD on 12/19/2023. We use the iVISTscalp5 indicator for trading. In order to learn how to work with our VISTmany forecasting system, learn the rules of our scalping system. There is a decision-making procedure for opening an order by timing - it is +3 minutes. The VISTmany forecasting system is the key time levels where the moods of the big players in the financial market are clearly expressed.
Let's consider one of the basic rules:
1) If the price increased before the buy timing, we ignore the buy timing.
2) If the price decreases before the sell timing, we ignore the sell timing.
1. Discipline is the foundation of a trader!!! We go by timing and take into account the main price levels. VISTmany forecasting systems are presented in three products: on our website, in the iVISTscalp5 indicator (the MetaTrader 5 trading terminal) and the ScalpAuT trading advisor (the MetaTrader 5 trading terminal). If you want to quickly master trading according to time forecasts, be sure to test the iVISTscalp5 indicator a lot in the mt5 terminal strategy tester (MetaTrader 5).
2. On our VISTmany website, timings are indicated by red and blue circles. The points/pips forecast for timings on the site is presented in the form of red (sell) and blue (buy) histograms under the graph.
3. The red flag in the iVISTscalp5 indicator (the MetaTrader 5 trading terminal) is the sell timing forecast. The blue flag is buy. The forecast of the timing and movement strength (points/pips) is located inside each timing. You need to move the mouse over the timing to get the information.
4. The forecast of timings in the iVISTscalp5 indicator is calculated for the week ahead. Before opening a trading order, we must analyze the timings that were previously available. We are conducting an analysis of forecasts that are ahead of time. We evaluate the forecast based on a combination of timings.
5. Remember that our system is a quick deal. Usually (the probability of forecasts is +95%) during the timing, an impulse occurs, according to which we should get a profit and close the deal. If you have trading experience, then you can hold the trade to get the desired profit. It is better for novice traders to follow the rules of the system clearly.
6. One of the basic rules of our forecasting system is not to open a sell timing order at the minimum of the day (at the minimum of the daily or weekly channels). Do not open a buy timing order at the maximum of the day (at the maximum of the daily or weekly channels). The iVISTscalp5 indicator has all the necessary price levels and channels for effective analysis and trading. If you do not use our iVISTscalp5 indicator, then plot all the necessary levels and channels on the chart yourself.
7. One more important rule can be highlighted: if there was a drop in the price of a financial instrument before the sell timing, we ignore this forecast. If there was a price increase before the buy timing, we ignore this forecast. In such cases, you can do something else. If there was a drop in the price of a financial instrument before the sell timing, it is according to this time forecast that we do not open an order. We are waiting for the nearest upper price level and only then open the sale. We do the same if there was a price increase before the buy timing. We are waiting for the nearest lower price level of a financial instrument and only after that we open a purchase. The only exception is paragraph 6. The iVISTscalp5 indicator has all the necessary levels for the scalper to work effectively.
8. The most effective trading weeks are 2 and 3.
9. Analysis of the forecast by the number of points/pips in each timing (the number of pips / points can act as a take profit). You determine the stop loss yourself.
10. Analysis of the nearest levels and trend lines of the iVISTscalp5 indicator.
11. Double timings are timings that differ from 2 to 6 minutes. For example, buy 17:11 and buy 17:15. Their time difference is 4 minutes. Another example, sell 14:30 and sell 14:36. The time difference is 6 minutes. These are examples of double timings. If the first forecast of the two has worked, we ignore the second timing. (https://t.me/scalpvist/432) Quite often, double timings indicate that there will be momentum in their direction in the near future. Keep an eye on the main price levels and channels. Consider the power of timings. It is important not to trade on double buy timings at the maximum of the day (or at the maximum of the daily and weekly channels). We ignore the double sell timings at the minimum of the day (or at the minimum of the daily and weekly channels). Otherwise, in such cases, you can do as described in paragraph 7 of this article. The only exception is paragraph 6. You always need practice and training on a demo account. Don't ignore the practice process. This is very important for developing scalping skills.
12. Consider the range of timings (3-5 timings in a row of the same color). Consecutive forecasts in red or blue (sell timings are a red flag, buy timings are a blue flag in the iVISTscalp5 indicator) tell us that there will be an impulse towards timings. Most often, such situations occur before important news. The price has been flat for a long time, and on the news, the entire range of timings of the same color works out in one pulse. We know all the forecasts for the week ahead, so use a cluster of timings of the same color for analysis to make the right decisions. At the same time, we must remember the rule written in paragraph 6.
13. It's time for the main news. Quarterly expirations.
14. The opening and closing time of the exchanges (At this time, take into account not only the timings, but also the main price levels). Do not trade during clearing.
15. Monthly expiration dates (Do not trade every third Thursday of the trading week. Usually, after this day on Friday, it is also better to refrain from trading on timings).
16. Before important news, the price is often flat. Timings are not partially fulfilled. Keep a close eye on the market before the most important news. If the timings do not work, it means that we expect a big spike in volatility ahead, while all timings will be worked out. Evaluate price levels, not just time levels, in order not to wait a long time for the timing forecast to be fulfilled. Take a profit according to the forecast two times less than the indicator calculated.
Let's make a small conclusion. You can always trade according to the forecasts of the VISTmany system. This requires knowledge and practice. Test the iVISTscalp5 indicator. Analyze and record key situations of a combination of forecasts. Patience and sustainability in development! Good luck to all and profit!