Blast! Scalping forex strategy

This scalping system is extremely flexible. We have tested only a fraction of possible variations. Due to its versatile nature, it can be applied both as a scalper and as a day trading forex system. During our test, we used it only as more conservative day trading strategy. Even though, it has brought some nice results with relatively low draw down.

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System uses MACD filter and stochastic signal. Those are standard forex indicators. However, when it comes to closing the trade, strategy uses parabolic SAR and trail stop combo, that has proven itself to be very effective in this particular combination.

 

Strategy is provided with free expert advisor and was tested on historical data since 2003 with profitable results. The EA includes more functions that have not been included in test.

 

Used tools and indicators

Moving average convergence divergence (MACD 250,500,9) The system uses histogram only to identify trend. It considers its position to the zero value line. All positions must be entered in confluence with trend (MACD). Signal line is omitted from calculation.

 

Stochastic (5,3,3) We haven't placed with stochastic period around much. Increase D and K value to limit sensitivity (higher period will lower the signal frequency and up its quality). This entirely depends on your goals. Anyway, always do the proper testing.

 

SAR parabolic trail stop (step 0,025, max 0,1). Trailing stop is placed on last closed SAR dot. Additional distance is preferably applied to widen the TS (30 pips in test).

 

Stop loss and take profit: EA includes this function. Use zero value for EA to use only trail stop in position closing.

 

Forex strategy rules

For the best results, trade with professional ECN/STP broker with MT4. If you can't trade with profit. Automatically copy the traders that are already profitable.

 

SELL

MACD histogram trending below zero. Price closing below SAR dot. Downtrend confirmed.

 

Stochastic rising above 70 line. Signal line falls below the main line. Sell on candle close.

 

Trailing stop is placed at the last closed SAR dot above the price + 30 pips extra distance.

Predefined take profit is used.

 

BUY

MACD histogram trending above zero. Price closing above SAR dot. Uptrend confirmed.

 

Stochastic falling below 30line. Signal line rises above the main line. Buy on candle close.

 

Trailing stop is placed at the last closed SAR dot below the price -30 pips extra distance.

Predefined take profit is used.

Get MT4 expert advisor trading this forex strategy

For best results, use this forex strategy with one of our trusted forex brokers

(STP/ECN with MT4 bridge).

To win you must trade with broker on your side.

 

Disclaimer:  Expert advisor was tested for profitability on historical data. All screen shots provided are displaying real results of the test. However past data will never guarantee future success. Every expert advisor needs to be tested properly on demo account. LIVE use only on your own risk. Read full disclaimer. TheForexKings Team does not give any financial advice. TheForexKings does not take any responsibility for any user’s investments and investment decisions. All rights reserved. Strictly for personal use.

 

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THEFOREXKINGS

“Trading FOREX since 2006. Full time trader and web developer since 2013. My two biggest hobbies are trading and web development. In TheForexKings I managed to connect both of them. Even after 12 years of trading I still have the same passion for the market as at the beginning. The aspect I enjoy the most : development and testing of new ideas.” 

 

Only in 2016 - 2017 we have created more than 400 forex strategies. During this period we have also developed and published +200 MT4 Expert advisors based on those strategies. We are dedicated to provide you with viable and complete trading systems that have thrived in extensive historical testing. We want to give you complete and transparent trading solutions, that once mastered ,will set you financially free. We want to give you a fighting and winning chance in the market. ” 

—  Marian, Proprietor of TheForexkings.com