Bazza's Scalping method | Scalping EA download - MT4/MT5 resources
After looking at systems that used a lot of confusing indicators, I discovered one. I call all these indicators "dancing girls"
This is my system and it works on any time frame, however, for scalping I like the 5 minute chart.
Bring up the 5 minute candlestick chart and overlay your chart with the 3 EMA.
What to look for: The candle body is outside the 3 EMA.
The candle must be a reversal candle, preferably a long candlestick (hammer) for longs and an inverted hammer for shorts.
Enter at the close of the next candle (a bull candle can turn into a bear candle), therefore, wait for the close.
Stop loss is 10-15 pips from the tip of the reversal candle.
Set a price target of 5 points.
Trade with the trend.
During the Asian session or late in the U.S., the market often moves sideways, so you can trade dips or rallies.
Simple, 5 points 4 * one day = 20 points, = you are rich,
Bazaar
This is my system and it works on any time frame, however, for scalping I like the 5 minute chart.
Bring up the 5 minute candlestick chart and overlay your chart with the 3 EMA.
What to look for: The candle body is outside the 3 EMA.
The candle must be a reversal candle, preferably a long candlestick (hammer) for longs and an inverted hammer for shorts.
Enter at the close of the next candle (a bull candle can turn into a bear candle), therefore, wait for the close.
Stop loss is 10-15 pips from the tip of the reversal candle.
Set a price target of 5 points.
Trade with the trend.
During the Asian session or late in the U.S., the market often moves sideways, so you can trade dips or rallies.
Simple, 5 points 4 * one day = 20 points, = you are rich,
Bazaar
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