10 pips a day scalping forex strategy

In forex, all you need to fulfill all your goal is to get those 10 pips consistently. This forex strategy is designed to do just that. It succeeds in getting 10 to 20 pips in 98 percent of trades. The 2 percent are just left hanging while strategy continues to open the trades in the opposite direction. 

  Get MT4 Expert Advisor trading this Forex strategy ↴ 

Backtest and optimize for any currency pair. Trade multiple instruments simultaneously, day and night.

Trade automatically, without errors and emotions. Save your time and energy. 

This approach might sound risky, but during our standard 13 year test, system never experienced any unbearable circumstances. This is mainly due to the fact that it never fights the market. Still, strategy is quite agressive and risky. Use with extreme care.

 

The first thing we do with this forex strategy, is that we identify trend by standard metric – exponential moving averages (EMA) positioning. Our trade is always in confluence with the trend direction. We enter on daily candle, looking for strong movement during the day this typically means the candle with body range between 80 and 400 pips. Once we find such candle, we enter the trade in its direction and the direction of trend, looking for a humble profit of 10 – 20 pips.

 

The system was tested on high quality historical data, proving its profitability and acceptable risk !

 

Used tools and indicators

The strategy is designed for 1D chart, where one candle equals one day of trading.

 

Exponential moving averages (EMA 750, 1000) Position of those two EMAs will determine trend. All positions are entered in confluence with trend.

 

Big candle signal (min 80 pips max 400 pips). Strong movement during the day is a strong sign of momentum. The direction of candle must be in confluence with trend.

 

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

EMA fast trending below EMA slow. This signals downtrend and we will be looking only for short entry on bearish candle close.

 

The signal: bearish candle with range of 80 – 400 pips.

Once it closes we place pending sell stop order at its low. This pending order will remain valid for 24 hours.

 

Take profit: 20 pips in test

Stop loss : none

 

BUY

EMA fast trending above EMA slow. This signals uptrend and we will be looking only for long entry on bullish candle close.

 

The signal: bullish candle with range of 80 – 400 pips.

Once it closes, we place pending buy stop order at its high. This pending order will remain valid for 24 hours.

 

Take profit: 20 pips in test

Stop loss : none

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.

 

Please reload

ABOUT US

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