FREE FOREX STRATEGIES

Scalping system #22 (Simple scalping)


Submitted by Emad

Pairs: EURUSD , GBPUSD
Time frame: 1M , 5M

It's very simple strategy I used on 1M we use SuperScalper indicator and 100 SMA and 50 SMA.

Download:
- indicator superscalper05.ex4
- template superscalper.zip
- indicator Fisher_Yur4ik.mq4
- indicator with mobile notifications: scalper_mobilealert.mq4

Rules are so simple:

BUY: when 50 SMA cross 100 SMA to up we just buy , SuperScalper change colour from yellow to blue we take buy ( T/P 10 pips, S/L 15 pips ) or we exit when the SuperScalper change the colour.

SELL: when 50 SMA cross 100 SMA to down we sell only, SuperScalper change colour from blue to yellow so we sell .

Note: when the price between the two moving average we don't trade there is no trend , and in SuperScalper we have to change ( skip single bar signal ) to true to avoid false signals.



Edward Revy,
http://forex-strategies-revealed.com/

Copyright © Forex Strategies Revealed

Hi Emad
My name is Ed. I am trading with MT5. Is there any possibility to create this indicator for MT5? Or to provide me with programmer-man who could do that? I will be very pleased.

Thank you.

Ed

Dear Emad
Have you a EA to your system ?
If you have could I get it?

Hi
I'm Przemo from Poland
I was using fisher in the past and I think that with short period is repainting
but with long period is working very good - super strategy for me
Thanks

NFP = non farm payroll , every 1st Friday of da month , can get haireee 4sure

Hi Mike

I can just answer one of your quesions. NFP (Nonfarm Payroll).

You can read more about it here: http://www.investopedia.com/terms/n/nonfarmpayroll.asp

Johnny

Dear Emad,
I've just read your strategy, it seems useful. but would you explain about your last foundings about settings and the sizes of orders?

kasra

Guys I got a lot of questios about my link I post ( mql5.com ) about which strategy I use in this , I'll tell honest I use another strategy for scalping in that account it's ECN broker which is allowed me to put S/L , T/P and tralling stop from 0.5 pip tell date I made more than %1920 profit in less than 2 month , you can check out from this link (http://mql5.com/ce6)
Emad

Hi Mike

when there is high impact I reccommend you to stop trading before the news at least 15 mint and start again after the report release by 20 mint , good luck

Emad

Sorry I meant NFP. (not FNB)

Mike

Hi Can someone please give me some advise on news events. I'm using the economic calendar from the babypips website but really don't know how to use it to my advantage. Here's an example: Suppose I do 1M and 5M scalping with EUR/USD and the calendar gives the following information

Date: 2April Time: 2:00 Currency:USD Event:Clinton Global Init... Impact: Low
Date: 5April Time: 14:30 Currency:USD Event:........... Impact: Medium
Date: 7 April Time: 12:00 Currency:EUR Event:........... Impact: High

Suppose it's 2April today does that mean at exactly 2:00 I stop scalping? And how long do I have to wait before I can continue scalping again? Or do I stop for the day? And also which "impacts" (low,medium,high) do I have to consider? (Just the impacts that are high or all the impacts?)

And then one last question: There's a strategy on this website which has a rule that says that we should not use the strategy during FNB week. What does this mean and what does FNB stand for?

Thanks for an excellent website. Don't know where you guys get the time and patience to answer all the questions on the forums. Keep up the good work.

Mike

HI All

thanx for every one , I want to add that I'm using the support& resistance to find exit point and I start using ECN broker that allowed to stop loss,take profit, trailing stop start from 0.5 pip , the problem that I'm not programmer because my ECN broker using MT5 , and the indicator is MT4 , so I put it in mt4 platform 1M chart and each time I'm using trailing stop , so sometimes I got small profit and sometimes huge profit because of trailing stop it's protect profit in my link(myfxbook) you see that because of demo I'm not using stop loss , I'll start very soon in real account and I'll use stop loss in real account , so if any one can help in convert the indicator from MT4 to MT5 that will help us and will be thank him a lot .
* and for who wondering about delay in answering I want to say thank you to be intersting in my strategy but you are right I'm so busy , I'm a full time trader so this is my live , I can't log in every day here to answer I provide the strategy and really I got a lot things from comments , I had learn a lot , and to be honest I start trading forx in 2009 and today it's my live I teach my self by searching and learn , so don't be angry be
patient :)

Emad

why are you guys so busy and not replying if someone wants help? -.-

hi,just a quick question to Emad do you look at pivots or S/R when trading this strategy.thank you

Don

good strategy
i want to ask user who posted his trading history,are you using the original strategy or have you made any changes,and what time frame or time frames are you trading on looking at your trading history it looks like you are trading not just 1m or 5m charts.thank you

Don

very good strategy


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