Scalping Strategy: FVG + Engulfing by faninasir
By faninasir
Performance Metrics
- Author: faninasir
- Symbol: PEPPERSTONE:NAS100
- Timeframe: 1 minute
- Net P&L: +17.32 USD (+0.00%)
- Win Rate: 75.0%
- Profit Factor: 14.531
- Max Drawdown: 2.80 USD (0.00%)
- Total Trades: 4
Description
This is a scalping strategy based on the Fair Value Gap (FVG) and Engulfing pattern confirmation. It identifies the high and low of the first 5-minute candle after the 9:30 AM EST market open and waits for a breakout supported by a Fair Value Gap. A trade is only triggered after a retest of the FVG zone followed by an engulfing candle in the direction of the breakout. Trades are entered with a fixed 3:1 risk-to-reward ratio and limited to 2 entries per trading day to avoid overtrading. Ideal for NASDAQ scalping on a 1-minute chart.