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5m scalp system

Hi, I'm a fairly new member here and I
would like to share one of my systems. The objective of the thread is to
improve the system and hopefully put a EA together.

Here it goes:

Tools
5 minutes EURUSD chart
PWR
Candle range

Rules

PWR determines the trend, positive = bulish, negative = bearish
Do not trade when the candle is bigger than 15 pips

Long

PWR positive
Candle as a higher hi and higher low than the previous one.
Place a pending order at the high + spread with the stoploss on the candle's low and takeprofit at tha candle's size. R:R 1:1

Short
The exact opposite, of course.

Cancel your pending orders when they dont get hit after 3 candles.
After a order is activated no other order can be placed, until it hits tp or sl.


Trading times:
8.00 am to 18.00 pm Central European Time (CET) or London time +1 (GMT+1)

Important info on the second chart. (which I use, only because I tested
it like that, it's profitability is yet to be determined)
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Attached Thumbnails









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Here's a typical trading day using this system. Each trade correspond to 2% of my account.

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Attached Thumbnails

First two trades today, the 1st got hit
and was profitable, the second got canceled because it didnt activated
the pending order after 3 candles.
2% profit.
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Attached Thumbnails

The green box is the 1st trade I took today, "green" means profitable.
The black dashed line is a "signal candle", all conditions to enter in
the market were there, but the pending order didnt got hit after 3
candles so I canceled it.
The 3rd order was at the 16.10 candle (broker time, Alpari Uk), it was profitable to.
The 4th order was at 16.55, I missed this one, but it would have been profitable as well.

The 17.25 candle is too big for me to trade.
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Attached Thumbnails



Here's another profitable one.

Attached Thumbnails

Buy
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1. Candle is smaller than 15 pips
2. Pwr indicator is positive (above 0)
3. The candle has a higher high and a higher low than the previous one

- Place a pending order (buystop) at the high of the signal candle
- Stoploss at the low
- Takeprofit, using the signal candle length (R:R 1:1)

Reverse for sell

Cancel if the the pending order don't get hit after 3 candles

Here's a clear signal.
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Attached Thumbnails

This last one was a loss.
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