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I want some good strategy for Scalping

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Jubaer
169
Jubaer  

Hello ,

 

actually i am a long trader.But i want to also do scalping so anyone can help me share some good strategy for scalping

 

Regards

 

Jubaer 

Sergey Golubev
Moderator
96055
Sergey Golubev  

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PriceChannel Parabolic system

newdigital, 2013.02.14 14:35

Well ... now - about risk related to scalping. Scalping is very attractive for traders especially for newbies. But there are some difficulties/problems related to this trading style:

  • it is very risky trading - big stop loss value or no stop loss with few pips taken as take profit. If market is reversed so the position will be open for the long time or close with stop loss. As stop loss value is big one so the trader can lose some part (or most part) of the deposit;
  • some brokers are not allowing scalping so your trades will not consider as a valid ones because of the rules of the brokers. So, before trading scalping - ask your brokers about it;
  • it is very difficult to make scalping trading manually without any EA or scripts. Just imagine - you are watching computer's momnitor for the whole day just to take few pips in profit only :) Scalping making manually is very hard job.


Sergey Golubev
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Sergey Golubev  

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PriceChannel Parabolic system

newdigital, 2013.02.14 14:41

So, we understand that scalping is very risly trading style. Besides, it is very difficult to make it manually in consistent way for example. What the developers/traders/coders are doing to minimize the risk?

  • they are using timefilter. It is not a secret that scalping is making mostly on flat market condition. So, they are estimating 1 hour or few hours in a day to trade. For example, they are trading since 11 pm to 11 pm every day excluding Friday.
  • they are using martingale as additional feature. For example: if the price went againt me by 20 pips so the other trade is open on same direction but with bigger lot size ... and so on. It is double risk: scalping (very risky) + martingale (very risky as well) = twice risk for trader.
  • using fibo and pivot lines
  • forecasting market condition in programming way

===========

There are 2 kinds of scalping:

  • scalping in classical way (on the way of signal systems - trading on close bar only)
  • scalping traded on open bar. It is most popular scalping for now - such as tick scalping (on close tick of course :) ). Traders are using special indicators such as Tick_MACD and so on for M1 timeframe in Metatrader just to get 10 seconds timeframe in reality. It is most modentr and cool scalping right now.


Sergey Golubev
Moderator
96055
Sergey Golubev  

Forum

PriceChannel Parabolic system

newdigital, 2013.02.14 14:45

I remember some talking between very experience trader and newbie:

  • Trader:"do you know that scalping is very risky for you to trade?"
  • Newbie: "yes, I know it"
  • Trader: "do you know that you can lose most part of your deposit in one day?"
  • Newbie: "yes, I know about it"
  • Trader: "So, you will not use scalping in live trading?"
  • Newbie: 'I will use it"
  • Trader: "Why?!
  • Newbie: "because it is very intreresting for me".

:) 


Sergey Golubev
Moderator
96055
Sergey Golubev  

Forum

Something Interesting in Financial Video June 2013

newdigital, 2013.06.11 06:55

Scalping the forex market

All the ins and outs on scalping the Forex market. May Chris dives into the world of Scalping where he explains in great detail how this style of trading can be accomplished in the Forex market. This live webinar not only clarifies how a trader can scalp but also provides every Forex trader with a great guidance and extra tips.



Balachandran Chandrasekar
44123
Balachandran Chandrasekar  
M5 is the best timeframe for Scalping
Mirza Baig
2412
Mirza Baig  
newdigital:

Absolutely true. Scalping mentality and technique ruins risk to reward ratio and must be discouraged. 
Ronnie Mansolillo
5589
Ronnie Mansolillo  
Scalping is very dangerous. let him do that to the banks  who use the "high frequency latency."  few months back in  few hours with this technique just went almost bankrupt even a US bank.
Shohug Shaheen
1265
Shohug Shaheen  
Jubaer:

Hello ,

 

actually i am a long trader.But i want to also do scalping so anyone can help me share some good strategy for scalping

 

Regards

 

Jubaer 

I use moving average indicator 5ema, 10ema and 20ema. and when the 5ema cross above both 10ema and 20ema, i enter Long and vise versa. it good for scalping. time frame should be M30
Files:
Mehrdad Shiri
4574
Mehrdad Shiri  
saminnaf:
I use moving average indicator 5ema, 10ema and 20ema. and when the 5ema cross above both 10ema and 20ema, i enter Long and vise versa. it good for scalping. time frame should be M30
can you please talk about tp/sl ?
Moses Olawale  Ajayi
2404
Moses Olawale Ajayi  
TIMisthebest:
can you please talk about tp/sl ?
That is my headache in forex. To have entry signal/point is very easy but to know exist point is not easy at all. And most of those common indicators are not good for existing trade.
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