Scalping System JALNO

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Hello Guys,
Various scalping methods on right here, some threads died, some look good, some system use a lot subjectiveness. At this time I deliver you a non subjective worthwhile scalping buying and selling system. This week complete to this point 39.5 pips. Largest Drawdown 13.5pips.
System primarily based on MA cross, with 200MA affirmation.
MA cross has main fallacy that in flat market you get sucked into whipsaw. Nevertheless by not flipping trades, this may be prevented fairly properly. So, in good shifting trending market, system does VERY properly because it oscillates properly on 1 minute giving nice edge. In flat market we simply look to not get screwed by worth motion.

Visible testing over final month system can generate round 40-50 pips per week. Won't sound a lot, however DD is round 27pips.

I've EA prepared quickly for it, however for now nonetheless handbook. Then I'll put up a TE for the EA.

Buying and selling Hours: 0645-1700 London. (0845-1900 IC Markets Server)
Dealer: Zero or 0.1 unfold on EURUSD. There may be about 10 of them. Aiming for 0.4/0.5 all in for EURUSD. At all times there are offers on EURUSD, ADSS was doing 0.3 all in for a number of months, Pepperstone doing $2 per RT or one thing like that after they migrated to UK, so it could pay to go searching for greatest deal.
Pair: EURUSD solely. (IC Markets just about Zero unfold all day). DAX30 (nonetheless investigating)
SL: 13.5
TP: 4.5
Cease to Breakeven: 4.0
Chart 1 Minute,
Entry Guidelines:
Purchase/Promote on Bar 2 Sign.

Value (precise worth not the bar indicator) Have to be above 200MA for lengthy and under for brief. This essential as a result of in robust 1 min pattern you do not wish to take counter pattern sign. The 200MA stops you taking small retracement trades in large strikes, as they're low chance trades.

Maintain commerce till SL or TP is hit, don't flip sign on reverse sign. (this stops a lot of faux reverses in flat market, which is main drawback in pattern followers).
Information; Shut commerce 30 min earlier than information and no trades 30 min has handed after main information.

This week:
Monday: 4.5,4.5,4.5,4.5
Tuesday: 4.5, 4.5
Wednesday: 4.5, 0, 4.5
Thursday: 4.5, 4.5, 4.5, -13.5, 4.5,4.5
Friday: 4.5, 4.5, 4.5

A part of the template come from a submit right here from consumer YTG or one thing, I added the MA and formulated the R:R. The EA will make it a lot simpler to commerce it as a result of 1 minute chart at instances is kind of intensive to observe all day.
EA can have choice to extend lot dimension after loser, however not really needed. I solely seen 1 loser in row not too long ago, however for particular it may be extra.

Utilizing this template makes positive you all the time on proper aspect of market, and takes the choice from the method. Its a black and white system.
TP of 4.5 may sound bizarre, not 5.0, however you'll'nt imagine what number of instances sign get to 4.6, 4.8, 4.7 and many others.
The Danger reward clearly is inverse however not drastically so. Most scalpers on Asia take 2-3pips with Cease losses >20pips.

I hooked up indicator (to indicator folder) and Template. Screenshots of Monday instance, EURUSD 1 min.
Good luck.

Hooked up Picture (click on to enlarge)
Hooked up Information
File Type: ex4 jalno.ex4   13 KB | 461 downloads
File Type: tpl jalno.tpl   3 KB | 431 downloads

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Author: Forex Wiki Team
We are a team of highly experienced Forex Traders [2000-2023] who are dedicated to living life on our own terms. Our primary objective is to attain financial independence and freedom, and we have pursued self-education and gained extensive experience in the Forex market as our means to achieve a self-sustainable lifestyle.