To scalp effectively, you better have robust system with attention to detail. It also must be simple enough. With only a few rules that could be verified in glance. Ideally, scalping system should be paired with algorithm, able to trade it ceaselessly. During the night. During the day. While you party or sleep. This scalping strategy was tested on high quality historical data since 2003.
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This scalping strategy is provided with expert advisor. Courtesy of theforexkings.com
Used tools and indicators
Demarker (100). It uses two oscillators. First one, DeMarker with high calculation period and range separator to establish the trend and to discard the range. Additional lines 45,55 are applied for this purpose.
Relative strength index(12).RSI is then used to find the wave going in the direction of the trend.
SAR parabolic(step 0,02, max 0,1) SAR is used for confirmation and trail stop placement.
Trailing stop: It is adjusted with each SAR dot close. Only in the direction of profitable trade. Extra deviation 20 pips.
Signal candle (minimum size 5 pips in the test): Candle countering the trend. At its close we enter the trade. The purpose of this candle is to simply get a better price statistically, to cover the entry costs and increase the win rate.
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Forex strategy rules
SELL
DEM trending below sell below zone (45 Line).
Price closing below the SAR dot.
RSI falls below 30 line.
We enter the trade on bullish candle close (minimum size 5 pips).
Trailing stop is placed 20 pips above the last closed SAR dot.
Take profit: 200 points
BUY
DEM trending above buy above zone (55 Line).
Price closing above the SAR dot.
RSI rises above 70 line.
We enter the trade on bearish candle close (minimum size 5 pips).
Trailing stop is placed 20 pips below the last closed SAR dot.
Take profit: 200 points
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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.
