Scalping Trading Strategy
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.
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.
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.
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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