Contributing To our Site If you would like to write reviews and articles about trading systems or subjects relevant to our site get in touch via our contact form. They work best when strongly trending or strongly range-bound action controls the intraday tape; they don't work so well during periods of conflict or confusion.
Scalping System XXL M1
Most people try to succeed at Forex Trading with the help of sophisticated software and extremely complicated trading strategies. They sit in front of a computer screen all the day, but they still end up with losing trades.
There are also some lazy traders who trade a simple pattern once a day. They wake up, send an order to their broker in one minute and go swimming. They earn thousands every day and we call them top traders. It is true that breakout strategy is a gold mine. The problem is that many traders chase the market blindly without any proven strategy. After years of trading and testing, we must tell you there is no way to filter out all false breakouts.
But there is another, smarter way to deal with breakouts. You need a solution based on an idea and a model that works and has been proven to work. Do not forget that indicators are derived from price. You need to follow a system that you fully understand. You need confidence that your system will never fail and let you down in the future. That is possible only if you follow a system based on a fundamentally sound theory, not one randomly created from following indicators without understanding them.
We will teach you a system based on fundamentally sound market mechanics. A step by step manual showing you how to install and use our proprietary indicators even if you are a MetaTrader novice. Every time you open a position, you have to pay the spread between the Bid and Ask price. You can kill off the spread and gain an additional small profit. Let's divide all possible situations into four classes and prove that our strategy works.
Suddenly, everything becomes clear. Several screenshots with descriptions are more that words. Unlike other complex strategies and scalping systems, our strategy can be easily tested on historical data. The account equity gives us much more information than the total profit number. Let's find the most effective entry time value.
The two years backtesting results show us that our 1MinuteDaily strategy is consistent and really powerful. We made much more money trading the same strategy! Since the True Money Management is a conservative trading approach, it is normal to risk more. The results are impressive. Working just one minute daily and making times in two years is a dream of every small trader.
That methodology works less reliably in our modern electronic markets for three reasons. First, the order book emptied out permanently after the flash crash because deep standing orders were targeted for destruction on that chaotic day, forcing fund managers to hold them off-market or execute them in secondary venues. Scalpers can meet the challenge of this era with three technical indicators custom-tuned for short-term opportunities.
They work best when strongly trending or strongly range-bound action controls the intraday tape; they don't work so well during periods of conflict or confusion. You'll know those conditions are in place when you're getting whipsawed into losses at a greater pace than is usually present on your typical profit and loss curve.
Read on for more about such signals. For related reading, see: This scalp trading strategy is easy to master. The ribbon will align, pointing higher or lower, during strong trends that keep prices glued to the 5 or 8-bar SMA. Penetrations into the bar SMA signal waning momentum that favors a range or reversal. The ribbon flattens out during these range swings, and price may crisscross the ribbon frequently. The scalper then watches for realignment, with ribbons turning higher or lower and spreading out, showing more space between each line.
Do not take a cross if the reds are still pointing the other way. When the reds tighten and start to flip over, you're ok.
Sometimes it is better to wait for a pullback to confirm the validity of the move. When you get a candle closing at its high or low in the direction of the move, you can enter. Here is a pictorial example.
I have also attached my template. Share your opinion, can help everyone to understand the forex strategy.