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.

Benefits of trading scalping They are simply invaluable - firstly, you can double or even triple your deposit in a single session, and secondly, you don't need to make complex forecasts; a quick assessment of the situation in the near future is enough.

At the same time, one 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 a description of the main parameters of this strategy, starting with the main points.

1. This currency pair is one of the most volatile – GBR/CHF, GBR/JPY, USD/CHF, EUR/USD. Consider which trading session you'll be trading during, as the popularity of these instruments can vary depending on the trading time. Obviously, for scalping, it makes no sense to trade a pair where both currencies are relatively idle during the session, such as AUD/JPY during the European session.

2. Volume – if you decide to trade using this strategy. This means you want to make a lot of money in a short period of time, so we'll use leverage of 1:200, or even higher. The key when determining trade volume is to maintain the following deposit-to-volume ratio. For example, a $100 deposit equals a volume of 0.1 lot, a $1,000 deposit equals a volume of 1 lot, and so on. This approach will allow you to make good money and withstand a small pullback without losing your deposit.

3. Trading interval – the most optimal is trading on the M15 timeframe; it's on fifteen minutes that you can make money with minimal effort. After much trial and error, I also decided to settle on the 15-minute timeframe; in my opinion, it's the best for our situation. For more precise information, I use the H1 and H4 timeframes; looking at them, you can get additional data on the trend's 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 indicator indicates the direction of the current trend, for example, Ultra wizard .

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

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

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

Once all the preparatory steps have been determined, you can move on to the trading itself:

1. Determine the direction of the main trend by looking at the price movement on H1 and H4, as well as using the Ultra Wizard indicator. Trades using the best scalping strategy will be opened in the direction of the main trend.

2. Find entry points – the easiest way is to look at the M5 and M1 timeframes. For example, if the market is trending upwards, and the price on the 1-minute and 5-minute timeframes has finished moving downwards and is moving in the direction of the main trend, open a trade. The second option is to use the Stochastic Oscillator; when placing a trade, we set four levels: 10, 20, 80, and 90.

A trade is opened when the red line exits the overbought zone at 20 or the oversold zone at 80, depending on the trend direction. The signal is confirmed when the blue line crosses it. By looking at the diagram, you can identify the pattern yourself.

3. Close trades only at stop-loss or take-profit levels . Avoid sudden movements, as they will prevent you from making money.

The best scalping strategy guarantees a 30% daily return on your deposit, although to effectively use this strategy, you'll still need some experience in the Forex market.