Open Scalping Strategy | Scalping EA Download - MT4/MT5 Resources
1. Time range: D1
Zooming into a smaller timeframe (such as M5 or M15) will give you a clearer view.
2. Stop loss and take profit
7-10 p.m.
3. Trading is prohibited on Sundays or the first day of the week
NOTE: You can trade on Sunday, it's just my personal preference to avoid Sunday candle chaos
Buying rules
1. The previous day’s closing price is higher than the monthly and weekly opening prices
2. Buy 1 basis point above the previous days high
Example
Zooming into a smaller timeframe (such as M5 or M15) will give you a clearer view.
2. Stop loss and take profit
7-10 p.m.
3. Trading is prohibited on Sundays or the first day of the week
NOTE: You can trade on Sunday, it's just my personal preference to avoid Sunday candle chaos
Buying rules
1. The previous day’s closing price is higher than the monthly and weekly opening prices
2. Buy 1 basis point above the previous days high
Example
- Yesterday's closing price was above the weekly and monthly opening lines
- Yesterday’s high was 0.89620
- If the price is 1 pip above yesterday's high, buy now. Or buy if the price is at least 0.89621
selling rules
1. The previous day’s closing price is lower than the monthly and weekly opening price
2. Sell 1 basis point above the lowest price of the previous days
Example
- Yesterday's closing price was below the weekly and monthly opening lines
- Yesterday's lowest price was 1.35608
- If the price is 1 pip below yesterday's low, sell today. Or sell if price reaches at least 1.35607
For testing purposes only and not yet tested, trade at your own risk
Logic: If the first breakout attempt was a little "shy," the second attempt should be stronger
1. If the first trade is a loss, open another trade at the same level as the first trade
2. Set the stop loss the same as before
3. Take profit increased by 50%
Stop loss hit on first trade (-10Pips)
Prepare for second transaction
Second trade wins (+15 points)
index:
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