Forex scalping professional

This might not beneficial for your mental health in the long term, to trade so often, at such a high intensity. Over-trading is something many scalper traders struggle with. Scalpers often feel they need to be in the market.

Over-trading cause scalpers to exceed their maximum risk limits by entering too many trades. This system is a conservative scalping strategy, with signals taken only in the direction of the main trend. This setup will focus on breakouts in the direction of the prevailing trend, with tight stop losses and bigger room for profit.

Here are the rules that will help you on the right side of the market most of the time. First, we look at the beginning of the trading day at the position of the exponential moving averages. Now here comes the most important rule: the exponential moving averages must NOT cross during the day. We aim to trade during stronger trends.

If the EMAs will cross, then we will enter a trading range. Now that we determined the trend for the day, we are trading support and resistance levels and breakouts in the direction of the prevailing trend. We plot the 2 exponential moving averages and we look at their position at the beginning of the day. From here, the skill and experience of the trader come into play.

You have to spot those conservative entries in the direction of the trend. During this trading day, I spotted 5 scalping signals , 4 of them being successful. The entry technique was pretty simple: I looked for a short breakout after a period of consolidation. This system is at the borderline between scalping and day-trading. This is not a classic scalping system, where you aim for several points.

With this setup, you can catch a decent swing and bank more points. I move my stop loss to break even or set a trailing stop and let the market do its thing.


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Remember the rule I said before? However, during Tokyo session several crossovers occurred and we abandoned the setup. This rule saved us from trading during a choppy day. You can see on the chart that the price traded in a range for the most part of the trading sessions. We see that the period moving average started the day above the period exponential moving average and stayed the same during the Tokyo session.

We look for breakouts in the direction of the uptrend. The scalping system generated 4 signals, 3 of them were successful and the last one was a break-even trade. If you are a scalper trader, divergences should be one of your most important tools.

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Divergences signal momentum coming into the main trend , suggesting a possible continuation in the main direction of the market. For this scalping system, we will use the same rules as in the previous one , only the entry points will differ. I want fewer signals, but quality ones. The Stochastic Oscillator will help us to spot divergences on the chart. A divergence occurs when prices form a lower low while the Stochastic forms a higher low indicating a possible buy , or when prices form a higher high while the oscillator forms a lower high indicating a possible sell.

When a divergence occurs, a potential change in price direction could be on the cards. As we are searching for long scalping signals, we will search for divergences on the lower side of the Stochastic Oscillator. During the whole trading day, we found 4 valid buy scalping signals. The Stochastic Oscillator indicated 4 divergences: 2 classic and 2 hidden divergences.

Stop-loss orders are set at 15 points, while take profit level is set at minimum 25 points. After a few wins, I prefer to use a trailing stop and squeeze as much profit from the market. The 5 th signal was ignored, as it occurred below the period exponential moving average despite the fact that it would have been a successful trade. The exponential moving averages remained in short mode after the Tokyo session, so we were safe to search for short entries. During the day, the Stochastic generated 4 divergences, all of the scalping signals being successful.

We ignored the signals offered by the divergences on the lower side of the Stochastic, as we are in a strong downtrend and chances of whipsaw were considerably higher. The main advantage of this scalping system is the fact that we have 2 market forces on our side when trading:. It requires very quick decision making, quick reflexes to react when setups are spotted, and the scalper trader must be skilled at quickly executing a trade.

Keep your price charts clean , without plotting a lot of indicators, and focus on reading price in order to increase your chances to scalp the right way. Youir material is much better than most of the others out there. Been a trader for 12 years and very very impressed in your material, well worth the price.

There is a very high degree of risk involved in trading. Past results are not indicative of future returns. The indicators, strategies, articles and all other features are for educational purposes only and should not be construed as investment advice. Please keep in mind that we may receive commissions when you click our links and make purchases.

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Gold scalper ea free download

Share on whatsapp. Share on reddit. Table of Contents. Sophisticated software that scans through all the charts, on all time frames and analyzes every potential breakout, with high accuracy. Try Forex trendy. An easy-to-use software platform that allows you to scan market data, identifying historical trends and market cycles that match your search criteria.

Test Trademiner. Need your support. What is the best broker? Very Nice info. Please continue to post. Thanks Reply. Discover More. A Scalper is characterised by a very fast-paced approach to forex trading. They seek to profit from short-term price swings, often by applying a rigid system based on evaluating price action.

More often than not, a Scalper will have strict entry, exit and risk management parameters, which are carefully calibrated to ensure that winning trades will always outweigh losing ones over time. Scalpers trade in a world of rapid-fire frequency and require strict emotional discipline to execute their approach, meaning it can be particularly risky, but can also reap substantial rewards.

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You also seem to look for immediate rewards, preferring regular small wins over occasional larger ones. This is an important attribute for any Scalper as you will need to be constantly checking your trades in order to benefit from small, regular successes. As you grow and learn within the world of forex trading, your style and approach to trading will develop as well.

The Secrets of Successful Scalping Strategy

The Scalper style matches your current attitude to life and work, but in a few years, you might have changed your trading style a little. Forex trading in your suggested style will not guarantee success.

Now you know what type of trading style suits you, why not start putting your strategy into practice? Open a demo account.