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Scalping Crosses...
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Old 11-07-2005, 03:45 AM
forextrades forextrades is offline
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Default Scalping Crosses...

Hi,

I'm just curious if anyone has ever had any success in developing a system to scalp crosses like eur/chf or eur/gbp. Price always seems to regress to the mean on the those pairs, which can create quite a few opportunities for profits by using a contra-system. There's a eur/chf MQLII script on the Yahoo MT Group for use on the 5 min, but it targets 20 pips per trade so I don't really consider it scalping. It is profitable though.

Anyway, here's my real source of inspiration: http://www.moneytec.com/forums/attac...chmentid=15667

Don't know if those trades are real or not, but looking at charts it appears that they easily could have been. There are way too many trades for me to believe that it was luck.
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