I'm looking for a Mechanical Day Trading System, not scalping, with specific requirements.
1) The Strategy should work in 5 Minutes to 15 Minutes time frame.
2) Success Rate: not less than 70%.
3) Risk:Reward Ratio : more than 1:1.5.
4) More than 3 trades per day.
5) Trading System should only plot buy/sell arrows, along with Entry, SL, Profit booking levels.
6) No need for auto trading or position management, trades will be executed manually.
7) The System should not use a repainting indicator nor use future data in its calculations? As this will result in good backtest results but bad future results.
Note: MY MAX BUDGET IS 500$ ONLY.