Simple Scalping | Scalping EA download - MT4/MT5 resources
Hello everyone.
Simple scalping. I thought I'd share the strategies I use.
Scalping works for me. I'd rather be out of the market more than in the market.
1 or 5 minute charts, any currency pair, low spreads.
Bollinger Bands 25:2: Smooth MA 120 at closing, Smooth MA 120 at high and low
Double moving averages come in handy when price is present. Takes your mind off wondering where the price will close and provides a little cushion.
Direction - BB ma in relation to the major MA
Sell the upper track TP and the lower track.
Vice versa in the long run
If the market is moving sideways, when the moving average starts trending, it is still valid, but more valuable.
Pay close attention to the major S/R (be careful if your signal is at a previous swing high/low. Some price action and price breakout knowledge comes in handy here).
If in doubt, it's better to leave and wait for a better opportunity. These opportunities arise dozens of times a day.
High Impact News - Personally, I'll stay out until it's out of the way.
SL is up to you.
Early volatility high/low is probably best.
Less is more!
That's it.
Good luck
Please note. I do not share any of my personal trades (other than for illustrative purposes), nor do I provide trading signals.
Your transactions are your own responsibility.
I'm just sharing a trading technique that has been successful for me.
edit-- Nice add-on developed and contributed by abokwaik. Make entry opportunities easier to spot
Simple scalping. I thought I'd share the strategies I use.
Scalping works for me. I'd rather be out of the market more than in the market.
1 or 5 minute charts, any currency pair, low spreads.
Bollinger Bands 25:2: Smooth MA 120 at closing, Smooth MA 120 at high and low
Double moving averages come in handy when price is present. Takes your mind off wondering where the price will close and provides a little cushion.
Direction - BB ma in relation to the major MA
Sell the upper track TP and the lower track.
Vice versa in the long run
If the market is moving sideways, when the moving average starts trending, it is still valid, but more valuable.
Pay close attention to the major S/R (be careful if your signal is at a previous swing high/low. Some price action and price breakout knowledge comes in handy here).
If in doubt, it's better to leave and wait for a better opportunity. These opportunities arise dozens of times a day.
High Impact News - Personally, I'll stay out until it's out of the way.
SL is up to you.
Early volatility high/low is probably best.
Less is more!
That's it.
Good luck
Please note. I do not share any of my personal trades (other than for illustrative purposes), nor do I provide trading signals.
Your transactions are your own responsibility.
I'm just sharing a trading technique that has been successful for me.
edit-- Nice add-on developed and contributed by abokwaik. Make entry opportunities easier to spot
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