Scalping systems
  #1 (permalink)  
Old 06-05-2010, 02:02 PM
oilfxpro's Avatar
Forex Guru
 
Join Date: Nov 2007
Posts: 1,952
oilfxpro is on a distinguished road
Default Scalping systems

Forex scalping is a trading style which looks to take profits on very small price changes, usually soon after a trade has been entered into and becomes profitable. It is a trading strategy that does not look to capture 50+ pip moves, rather it is more about watching the price action and getting in and out of trades for quick 5-15 pips which little by little add up.


Forex Scalping Systems | Forex Strategies & Systems Revealed

YouTube - FOREX TRADING - Scalping

YouTube - forex trade calls 1 minute high frequency scalp video

Target profit is 8 pips .Stop loss is 20 pips.

100 trades per day on euro /usd .

Target 70 profitable trades @ 8 pips = 560 pips profits daily

Losses 30 trades daily , average loss * 15 pips (some trades closed before stop is hit) = 450 pips loss.

Daily slippage 10 pips

Net profit is 100 pips daily *$100 per pip (1,000,000 /10 lots)= $10,000 profit per day /$2.5 million a year.Account size $100k.

Time frame 1 min , plus triple screen on 15 min , 1 hour , 4 hour

Learn the following methods first before attempting scalping.


http://www.fxfisherman.com/forums/fo...-scalping.html

Trendline Break (The Only System You Need) @ Forex Factory

Always trade in the direction of 15 min time frame and 15 min trendline break system
__________________
http://www.oilfxpro.com.
Reply With Quote
  #2 (permalink)  
Old 06-05-2010, 02:52 PM
Forex Trader
 
Join Date: Apr 2009
Posts: 5
indra809 is on a distinguished road
Default

have you implement this system yourself? how is it going?
Reply With Quote
  #3 (permalink)  
Old 06-05-2010, 03:27 PM
oilfxpro's Avatar
Forex Guru
 
Join Date: Nov 2007
Posts: 1,952
oilfxpro is on a distinguished road
Default

Quote:
Originally Posted by indra809 View Post
have you implement this system yourself? how is it going?
It is going fine on live accounts and making loads of money, but you have to learn it on demo first.


http://www.fxfisherman.com/forums/fo...html#post45309

triple screen

FXstreet.com Live Sessions Archives: Multiple Timeframe Trading
__________________
http://www.oilfxpro.com.
Reply With Quote
Hello
  #4 (permalink)  
Old 06-08-2010, 04:28 PM
Forex Trader
 
Join Date: Jun 2010
Posts: 22
olivercook is on a distinguished road
Post Hello

Quote:
Originally Posted by oilfxpro View Post
Forex scalping is a trading style which looks to take profits on very small price changes, usually soon after a trade has been entered into and becomes profitable. It is a trading strategy that does not look to capture 50+ pip moves, rather it is more about watching the price action and getting in and out of trades for quick 5-15 pips which little by little add up.


Forex Scalping Systems | Forex Strategies & Systems Revealed

YouTube - FOREX TRADING - Scalping

YouTube - forex trade calls 1 minute high frequency scalp video

Target profit is 8 pips .Stop loss is 20 pips.

100 trades per day on euro /usd .

Target 70 profitable trades @ 8 pips = 560 pips profits daily

Losses 30 trades daily , average loss * 15 pips (some trades closed before stop is hit) = 450 pips loss.

Daily slippage 10 pips

Net profit is 100 pips daily *$100 per pip (1,000,000 /10 lots)= $10,000 profit per day /$2.5 million a year.Account size $100k.

Time frame 1 min , plus triple screen on 15 min , 1 hour , 4 hour

Learn the following methods first before attempting scalping.


http://www.fxfisherman.com/forums/fo...-scalping.html

Trendline Break (The Only System You Need) @ Forex Factory

Always trade in the direction of 15 min time frame and 15 min trendline break system
I found there good strategies.
Tanx
Reply With Quote
Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
scalping EAs scalper_dave Forex Beginners 2 05-03-2010 10:25 PM
Scalping the quite periods kevinator Tutorials, Tips & Tricks 0 02-26-2010 03:26 PM
Scalping Ravique Trading Systems 21 03-12-2009 06:07 AM
Scalping EA Alfa Trading Systems 12 08-18-2008 01:33 PM
scalping... redhuan Trading Systems 0 06-21-2008 08:16 PM


All times are GMT. The time now is 11:30 AM.

Registered members gain free access to online FOREX currency trading tools, foreign exchange software, Metatrader MT4/MT5 expert advisors, MT4 indicators and EAs. Register now