Best scalping

There are several fairly common variants of the Forex scalping trading strategy; they are all quite similar to each other, but still have a lot of differences.

The main ones are the duration of transactions and the amount of profit received as a result of one operation.

Each of the traders chooses the most acceptable option for themselves, but still the best scalping, in my opinion, is trading for 15 minutes with a profit of at least 10 points from one transaction.

Piping on short timeframes gives a strong psychological stress; you simply do not have time to analyze the situation and, as a result, you have more unsuccessful trades than profitable ones.

In addition, trading on M1 is simply physically difficult, but trading is work and you will have to work constantly, since in a minute time period you earn only a couple of points from one transaction.

Advantages of trading by scalping are simply invaluable - firstly, you can double or even triple your deposit during one session, and secondly, you do not need to make complex forecasts; it is quite enough to quickly assess the situation in the near future.

At the same time, we should not forget about the high risk of trading when using this trading option.

The essence of the strategy is the best scalping.

Let's move on to describing the main parameters of this strategy, starting with the main points.

1. Currency pair is one of the most volatile - GBR/CHF, GBR/JPY, USD/CHF, EUR/USD, focus on which trading session you will be working on, since the popularity of instruments may differ depending on the trading time . It is clear that for scalping there is no point in taking a pair in which both currencies are resting at a given session, for example AUD/JPY at the European session.

2. Volume – if you decide to trade using this strategy. This means that you want to earn a lot in a short time, so we will use a leverage of 1:200, or more. But the main thing when determining the volume of transactions is to observe the following ratio of deposit to volume. For example, a deposit of 100 dollars is equal to a volume of 0.1 lots, a deposit of 1000 is equal to a volume of 1 lot, and so on. This approach will allow you to earn good money and withstand a small rollback without losing your deposit.

3. Trading interval – the most optimal is trading on M15; in fifteen minutes you can earn money with minimal effort. After much trial and error. I also decided to focus on the 15-minute time period; in my opinion, it is the best in our case. To clarify the situation, H1 and H4 are used; by looking at them, you can obtain additional data on the trend movement.

4. Indicators for scalping - for trading you will need two indicators, the first will be the Stochastic Oscillator, it is present in almost every trading terminal, and the second is an indicator indicating the direction of the current trend, for example, Ultra wizard .

5. The entry points will be the signals of the Stochastic indicator when it begins to leave the overbought or oversold zone; I will describe these points below.

6. Take profit and stop loss – set at 1.5 to 1, that is, take profit should be one and a half times greater than stop loss, in our case the value should be determined based on the dynamics of the trend. With a strong trend, it is usually 300 and 200, with an average of 200 and 150, you can calculate this value by using a mini lot or demo account, or simply by observing the price movement.

In addition, when calculating stops, do not forget to take into account the market situation; you cannot simply set a fixed value without taking into account significant price levels.

After all the preparatory aspects have been determined, you should move on to the trading itself:

1. Determine the direction of the main trend - for this we look at where the price is moving on H1 and H4, and also focus on the readings of the Ultra wizard indicator. Transactions using the best scalping strategy will be opened in the direction of the main trend.

2. We find entry points - the easiest way is to look at M5 and M1, for example, if there is an uptrend in the market, and the price at that time on the one-minute and five-minute time interval has finished moving down and started moving towards the main trend - we open a deal. The second option is Stochastic, when installing it we set 4 levels 10,20,80,90.

The transaction is opened when the red line leaves the overbought zone 20 or oversold 80, depending on the direction of the trend, the signal is confirmed by its intersection with the blue line. By looking at the picture, you can determine the pattern yourself.

3. We close transactions only with stop loss or take profit , do not make sudden movements, as they will not allow you to earn money.

The best scalping is a guaranteed income of 30% per day of the amount of your deposit, although to effectively use this strategy you will in any case need to have some experience in the Forex market.