Strategy 4: Free Scalping

Traders who are considering scalping and are interested in how to earn a few quick profit points can use the Free scalping strategy. It is applicable in the Forex or gold market, as well as for regular-trend trading with high profitability.

The peculiarity of the strategy is the use of several authors' trading indicators on low timeframes or intraday periods. The profit with which orders are closed is up to 15 pips, so it is important to trade during low spreads to slightly increase the total profit.

Basic parameters:

1. Timeframe: M5 and M15 (optimal), it is possible to use the strategy on M30 to H4;

2. Low spread currency pairs, gold;

3. Best time to trade: London and American (New York) sessions;

4. Risk management: volume of a lot should not exceed 2-5% of the deposit for one trade.

To trade, you need indicators:

1. QQE (current time frame, smoothing 30);

2. Color MA (34, 1);

3. Free scalping system indicator (intensity 50);

4. MACD Colored (12, 26, 1);

5. SDX-Tz Pivots.

Signals Buy (to buy):

1. On the QQE indicator the green line crosses the red line in the upward direction;

2. Free scalping system indicator shows a green bar;

3. Histogram of MACD Colored indicator is located above zero line;

4. The Color MA indicator is green.

Sell signals (to sell):

1. On the QQE indicator the green line crosses the red line in the downward direction. 2;

2. Free scalping system indicator shows a bar of red;

3. The histogram of the MACD Colored indicator is located below the zero line;

4. The Color MA indicator is red.

Set stop loss and take profit:

1. Stop Loss is set above the previous local maximum or below the previous minimum;

2. The size of Take Profit orders is set depending on the time frame used: 7-12 pips for M5, and 9-15 pips for M15.

We recommend choosing the Stop Loss and Take Profit levels for the higher timeframes independently. Please note that sharp changes in volatility and spread make trading during important news releases extremely risky. This can not only significantly reduce the strategy's profitability but also knock out stops.

Also, if you want to use all available trading tools to increase your capital as soon as possible - follow this link below, or contact us via live chat. Our experts will help you to choose the best strategy for success.