Scalping on fake breakout formation is a great way to get 5 - 10 pips consistently, with limited risk. This forex strategy is aimed at high probability trades with tight take profit and only slightly wider stop loss. When set up correctly, it can produce 90 - 96 percent win ratio on profit targets that are only 3 times smaller than loss limits. System is available with free expert advisor, that enables to fully verify strategy performance.
Used tools and indicators
Trend filter consisting of two exponential moving averages (slow 200, fast 50).
Consolidation formation consisting of 3 consecutive candles moving entirely in defined range (30 - 80 pips).
Pending order is placed at top/bottom of the range with primary aim to pick tops and bottoms in price structure. The order that was not traigred should be deleted after 24 hours.
Take profit: Go for narrow target of 5 to max 15 pips.
Stop loss: Depending on profit target, it cannot be set to more than 30 pips.
Rules
SELL

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Fast EMA must be trending below slow EMA. That indicates downtrend and therefore we will take only short trades (picking tops in a down move).
Signal range must consist of 3 consecutive candles. Size of the range must be 30 to max 80 pips.
Pending sell limit order is placed at top of the range, once the third candle of the formation closes.
Take profit points should be set to 5 - 15 pips depending on the preferences and the instrument.
Stop loss: Set to max 30 pips depending on profit target.
BUY

Fast EMA must be trending above slow EMA. That indicates uptrend and therefore we will take only long trades (picking bottoms in up move).
Signal range must consist of 3 consecutive candles. Size of the range must be 30 to max 80 pips.
Pending buy limit order is placed at bottom of the range, once the third candle of the formation closes.
Take profit points should be set to 5 - 15 pips depending on the preferences and the instrument.
Stop loss: Set to max 30 pips depending on profit target.