Scalping system #4 (5 pips with GBP/USD)

Submitted by Edward Revy on May 20, 2007 - 07:42.

This simplified trading system derived from the previous “2 SARs to go” system and is a work of our dedicated scalper – Alex Wakemann. Thank you, Alex! His scalping insights will be published and updated on our pages as we move on. With this Forex scalping system Alex claims to always get at least 5 pips per trade.

Trading setup

Trading pair: GBP/USD
Time frame: 5 minute chart
Indicators:
MACD (5, 8, 9)
SAR on MACD (0.1, 0.11)
SAR on the chart (0.1, 0.11)

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Submitted by Mark on July 31, 2007 - 10:33.

Thanks for prompt reply.
Will give it a try.
Excellent site with some great ideas!
Regards
Mark

Submitted by Alex Wakemann on July 31, 2007 - 10:18.

Hi Mark,
No it's without the spread. The strategy allows you to cover the spread cost and then make 5 pips on top.

Regards, Alex.

Submitted by Mark on July 31, 2007 - 10:06.

Very interesting method.
Does the 5 pips per trade include spread?
Regards
Mark

Submitted by Alex Wakemann on May 25, 2007 - 02:38.

I'm sorry, I don't have a solution... This strategy is very new, and I've been developing, testing and trading it only with Oanda so far and never coded/tried it on mt4.

Submitted by User on May 24, 2007 - 16:39.

is there a way to place a sar on the macd with mt4?

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Scalping system #4 (5 pips with GBP/USD)

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