Trading system for scalping.

Like any strategy, scalping must have a clear organization, only in this case you will be able to make a profit instead of losing your deposit.

The trading system for scalping includes all the main aspects of trading, from options for entering the market, to the conditions for maintaining transactions and methods for closing them.

A trading strategy usually requires some refinement, since it mainly describes only the main points of trading, but often leaves out money management and additional risk insurance.

Creating your own scalping trading system.

Let's assume you already have a ready-made scalping strategy and just need to refine it.

1. Determine the trading time – there are many recommendations on how to best choose the best time to trade Forex based on your existing strategy. The best option is to test it yourself. Try trading in different Forex sessions with the same conditions (deposit size, currency pair). Then, simply compare the results.

2. Determine the market entry method scalping indicators are usually used for short-term trading .

3. Plan your profit and loss amounts – it's especially important to clearly define the loss amount at which the order will be closed. For example, with scalping, this might be a loss of 5 pips and a profit of 8.

4. Deposit insurance – a scalping trading system can also include setting stop orders, but this requires using a five-digit quote. This option significantly expands the possibilities for setting stop orders.

Deposit management – ​​when starting trading, plan how much money you will have in your main account and how much you will keep in reserve to compensate for drawdowns. It is important that the reserve always exceeds the main deposit.

5. Goals and objectives – you should always clearly define the goal to be achieved; this is especially important when trading Forex. This should not be a million dollars, but a specific profitability indicator for the month.

For example, you want to achieve an average monthly profitability of 100%, but at the end of trading, you only achieved 30%. Therefore, we analyze your trading history and find ways to improve efficiency. Analysis is the final component of a scalping trading system.

Creating your own Forex trading strategy always requires additional effort from a trader; any other person's strategy will always require some refinement.