Scalping ideas (ADX and Bollinger bands) Scalping system #1 (Economic news releases) Scalping system #2 (Morning breakouts) Scalping system #3 (2 SARs to go). 4 Forex Scalping Strategy With Stochastic Oscillator. High frequency scalping with the Stochastic trading oscillator. This strategy provides you with several trading opportunities every day.
What I would like to do is to study wether to add or not some extra indicators. It is a great strategy and so are the results!
Thank you very much. Your contribution is greatly appreciated! I'll take a look at the strategy most likely this week and will be glad to share my views and ideas about possible further improvements. Something I forgot to mention about this strategy. Notice that the strategy mentions three time frames: Although you would be trading this strategy on the 1M time frmae, use the other two to make sure you are no trading against a stronger trend.
Very important to demo trade this one, that way you can get the feel of the pair and how it behaves in such a small timeframe, it can be tricky. I wondering some trendy market is risky for the system. So would you tell me how to avoid such risk? Thanks for taking interest on this strategy. I have been testing it for about two months now, and the first one was a complete disaster, until i got to sort of "know" how the pair behaves in such a small time frame, it takes lots of hours of observation.
When in a trend the price usually bounces off the middle line of the Bollinger bands on the direction of the trend. One of the biggest risks of scalping strategies is over-trading. Hello everyone, Here is my observation. I found no indicators yet to suggest, but I tested various Bollinger Bands settings and looked at Ele's suggestion and got next:. Instead of this line we will use EMA Entry and exits rules are without changes. Use EMA for exits or go for pips per trade.
Looks to be quite accurate. I'm going to leave this setup on my background charts and if I find additional interesting approaches or some indicators to add I will gladly provide my comments. Active traders Poll - share your live experience or read what others have to say.
Forum What is Forex? Who's online There are currently 8 users online. Submitted by Chelo on November 24, - Deviation 4 Yellow the template for this bollinger bands can be downloaded form this post Once you load your template you will notice the three sets of bollinger bands. Any help is welcome Chelo Template is attached as Rar file and goes in your templates folder in the MT4 directory This would be where you enter the trade.
Your stoploss would be placed at either the last low in the price, or at the lower Bollinger band. This is now where practice comes into play.
To keep your risk to a minimum you need to be fast and efficient at moving your stoploss up under the price. What you are looking for is the price to continue and approach or touch the upper Bollinger band. Once it moves towards the upper Bollinger band you need to move your stoploss up to the middle Bollinger band level. This will remove most of the risk from the trade. If the trade moves up sharply you may want to place your stoploss at breakeven right away actual entry point.
With practice you get a feel for the correct place to put your stoploss to allow your trade freedom to move.
Often after the Bollinger bands have contracted price breaks out with a sharp move. If you are quick and get your stop to breakeven you can look to exit this trade somewhere between one or two times the risk distance between your entry and initial stoploss.
Ideally, if you risked 10 points you want to be taking between 10 and 20 points profit from a trade. If the move has been sharp you may want to try and lock in some profits, as often it can retrace quickly.
Start moving your stoploss up from breakeven or from the middle Bollinger and trail it underneath the low of every candle that closes up. The next highlighted area on the above chart shows a sell trade. Once again you are looking for the lower Bollinger band and the middle Bollinger average to push below the exponential moving average. Then you are looking for a candle that closes down, and the entry is triggered when the low of this candle is broken.
Your stoploss is placed at either the last small high in the price, or at the middle Bollinger level, or at your maximum you are willing to risk on the trade. Bear in mind you want to keep the risk as small as possible on these trades to make this work. Once the price has moved down towards touching the lower Bollinger band you need to get your stop quickly to breakeven.
Then either start to trail it down locking in your profit, or closing the trade between one or two times your risk. As the price starts to push down to the lower Bollinger band you get your stop quickly to the breakeven level. At worst you should have been stopped out at breakeven.
Because the last low is quite far away I would suggest placing your stoploss at the middle Bollinger average as the price starts to break in your trade direction. The price quickly moves towards your upper Bollinger band and at this point is around 1. Here you can either close out for a profit, or trail your stoploss under the low of each one minute candle until the price reverses and closes the trade. You might get another few points reward doing this.
You will notice on the chart above that price continued up after the first trade. When you are first learning this system I would suggest you only take the first trade in any new direction. As you become more aware of how this system behaves, you might want to use the same entry and exit techniques to trade continuations of the trend.
If it is a strong move and the price is above the middle Bollinger, every consequent touch of the outer Bollinger bands can lead to a profitable move which fits with your risk. I would suggest you set up a chart with the indicators as shown. Leave it open on your desktop and follow the idea visually for a few days.
This digital assets business model have a medium to high risk as well.
You are completely wasting your time trying to trade this time frame with a wide spread. Forex scalping has gained high popularity nowadays.