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Scalper | Scalping EA download - MT4/MT5 resources | MT4/MT5 download

author EAcpu | 3 reads | 0 comments |

cattle



.. For my second model of a scalping strategy, see page 31, post 609 et seq. Thanks

for the 3rd model, pg 35 post 689.



Scalp your way to profit day in day out.

As a reliable manufacturer, it has been engaged in transactions in various markets for a long time. I'll share one of my currency scalping.


A word from scalpers:

Scalper's biggest asset is the ability to feel the heat and be stone cold to act upon.


..let’s move on..I’m a doer, not much of a talker.

-5m tf..monitor it during the entire london meeting of eu/ej/gu/gj

-Two indies to plot: TMA band & MACD.. (tma 56,100,2.0.. macd 6,14,0) -Entry: Buy on the close of the first bullish narrow mac bar candle on a bearish/os tma.. and vice versa for sell. Price must be clearly separated from the channel by at least one candle, preferably with a clear gap, and the entry point candle also outside the channel.

- Target and Stop Loss: If you are lucky, hope to gain at least 15-20 pips or even more. The initial hard stop at trigger time sets at 50 pips for emergency purposes.

- Order placement: 3.3 pips + trigger and stop entry candle high/low spreads.

That's it.


The artistry of the work : risk control management. This part is your make or break, so pay mass of attention to fully understand in order to implement it correctly.. it requires developed skill based on an understanding to never be betrayed.

Let's do it.. The risk is minimized when the first HEAT conflicts with your position before reaching the target. how! ! ..(Listen carefully).. The first closed mac bar candle against your position is where you reduce the risk of your new stop loss. Once you are forced to set a strict stop loss on your position, it will also be regarded as a warning to exit before SL exits to minimize losses. Okay, at this point you evaluate where your new stop loss is. If the stop is 7 pips and below, you can let the trade either hit the target or remove the stop unless it stalls for too long. If the stop loss is more than 7 points, then on the first attempt to get back to the breakeven zone, you will try to exit with minimal losses without feeling anything. Understood! ! ...This is the dinner manual, which requires rapid head and finger development to develop skills and a feel for speed and rhythm. Sometimes this return attempt is too strong and breaks out from an entry point that favors your position. In this case, you'll allow some leniency and let it play out to build a strong resume to meet your profit goals, but otherwise stick to your exit plan. complete.


This is the best structure I can provide without confusing or overburdening you. Practice will make perfect. You will see me in action many times when I trade my account live. It's a chance to witness in full to absorb as I'll attach a small size explorer account which will reflect my scalping trades on it. Do not count on too many live chart pictures since its fast pace.. that is why I attach explorer so I don't have to post timely live charts, but I try in the beginning to squeeze some out on time.


Some questions you may have right of the bat..


About me?.. well, you get to know me as we go along if you really care.

How much do I make or what's the potential?.. you'll see and its got nothing to do with what you will make or lose. Potential depend on your skill and dedication.

MM? ...it's up to you. I recommend risking no more than 2% of your account on each trade. But once your skills improve and become stronger, you can take bigger risks like I did.

Number of transactions per day? ...it depends on your dedication. I oversee the entire London trading session, with volumes ranging from 5 to 15 trades per day. If you hesitate, your chances will be reduced and confusion may result.

news? ..Watch out for major red news..but be sure not to trade super major news such as non-farm payrolls, interest rate changes, and speeches.

What about filtering? No need for it..Please keep all filtering thoughts to yourself..Zero tolerance in this regard.


I may have missed something... you can ask and I'll answer if I feel it's relevant.


Well.. last but not least.. I implore everyone to be respectful to those around you, especially your trading partners. .If this is your cup of tea, be positive, active and energetic, otherwise do me a favor and change your attitude. I don't want anyone to provide any additional input on the structure of the trading plan I've already developed, it is what it is and will never change. Its proven and all other considerations, assessments, etc., have been processed and calculated long ago.


I usually start with the European Open, which is an hour before the market opens in London.


I've placed a chart just to show what basic entry and risk reduction look like.



I’ll talk to you tomorrow.



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