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A scalping system for discussion (A scalping system for discussion) - MT4/MT5 resources

author EAcpu | 8 reads | 0 comments |
I invented this system 5 years ago. Several people around me know it. I'm sharing it now hoping to see more opinions.

I analyzed the trading hours, and from the simple fact that foreign exchange is traded 24 hours a day, there is a 2-hour gap between the US close and the Tokyo open. Yes, it is Sydney time, but observing the E/U currency pair's movements over these 2 hours has led me to conclude that it ranges with a very high degree of certainty. During the two hours from 5 a.m. to 7 a.m. Singapore time (GMT 21-23), there is rarely any important news that causes big movements.

The pair will be confined within Bollinger Bands. Profits in pips are in the single digits most of the time, but the risk is minimal, so the leverage can be high to make decent gains. A disciplined trader can earn 15% monthly returns by trading 2 hours a day, 4 days a week.

I always trade the 5 minute chart. Bband is 14, 2, 2, 1 or 2 trades in 2 hours with high leverage.
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