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Forex Strategy "Scalping Simple"

This forex system strategy is very simple and doesn’t have an indicator. Nonetheless, this strategy can give good deals, that can be profitable with a good probability. This system are based on three screens. This strategy can be simply described in three lines:

  1. the last candle on such timeframes as M15, M30, M5 and H1 are very important, user should follow them;
  2. User should buy all the past, which closed green candles;
  3. User should sell latter, which closed red candles.

Some other advises for stop-loss and profit target are:

  1. To enter the market, fixed stop-loss should be at the distance of fifteen-twenty points, it is a good position;
  2. For the transactions on purchase, stop-loss usually placed under the fractal (that means closest local minimum);
  3. For deals on sale, stop-loss usually placed on the inverse fractal (that means on the most close local maximum ). 
 

Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. 

 

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