Scalping Trading Strategy

The trading strategy can be used for scalping as well as trend trading with high profitability.

A trading strategy It can be used for scalping as well as trend trading with high profitability.

Scalping Trading Strategy: Entry Parameters

  • Currency Pairs: major currency pairs, gold;
  • Timeframe: M5 and M15 (great), it is possible to use the strategy in M30 – H4;
  • Trading hours: London, New York;
  • Platform: MetaTrader 4
  • Risk Management: After calculating the stop loss, choose a lot size not exceeding 2 – 5% of the deposit per trade.

Setting up a price chart

  • Unzipping the file;
  • Copy the template to the templates folder;
  • Copy the indicators to the MQL4 folder -> indicators;
  • Restarting the terminal;
  • Open the chart of the desired currency pair;
  • Install a template called freescalping.

The trading strategy can be used for scalping as well as trend trading with high profitability.

Signals indicating the opening of a long (buy) position

  • In the QQE indicator, the green line crosses the red line from bottom to top;
  • Free scalping indicator formed a green bar;
  • The MACD Colored indicator histogram is above the zero line;
  • The Color MA indicator is green.

The trading strategy can be used for scalping as well as trend trading with high profitability.

Signals that indicate the opening of a short (sell) position

  • In the QQE indicator, the green line crosses the red line from top to bottom;
  • Free scalping indicator formed a red bar;
  • The MACD Colored indicator histogram is below the zero line;
  • The Color MA indicator is red.

Setting Stop Loss and Take Profit orders

Take Profit depends on the time period used:

M5 = 7 – 12 points;
M15 = 9 – 15 points.

Stop Loss is set above/below the previous local high/low.

exit negotiations

Trades can be closed in several ways:

  • When changing the color of the Color MA indicator;
  • When the price reaches one of the pivot levels;
  • Profit/stop loss ratio is 2 to 1.

The scalping trading strategy is a great strategy. At the same time, with some optimization of the rules, this strategy can be used as a trending strategy in almost any time frame.

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