How to speed up scalping
One of the most important metrics when using a Forex scalping strategy is order execution speed.
Instant execution allows for a few extra pips of profit.
These few pips can add up to tens and hundreds, which translates into significant profits when converted into real money.
There are several techniques that can significantly speed up order execution in a trader's trading terminal.
1. The broker with the fastest order execution – in most cases, the speed of your order execution depends on the broker. Speeds vary widely, typically between 0.2 and 3 seconds.
It's clear that if all your orders open and close within 3 seconds, you can forget about making a profit.
2. Account type - Surprisingly, order execution speed also depends on the account type you're trading on. Cent accounts are slowest, while ECN accounts are fastest. The latter accounts offer the best trading conditions.
3. Trading time – orders can be delayed during extremely fast price movements, which happens with almost all brokers. Therefore, simply avoid entering the market during news releases. Following this rule will also prevent requotes and slippage.
4. One-click trading is one of the most useful features scalpers use. Using this tool, you can truly open and close positions with a single click. This technique is described in more detail in the article "One-click trading".
5. Pending order - you can simply wait for the price to reach a certain level to open a position, or you can simply place a pending order; it will open faster than in manual mode.
There are no trivial details in trading, and even the most simple techniques can save hundreds of dollars, so you shouldn't overlook even the smallest nuances of organizing the trading process.
