FREE FOREX STRATEGIES

Scalping system #19 (X-Scalper)


Submitted by Azim.

Just want to share a simple strategy that I use to trade on daily basis. It is similar to AzimXsystem, but the accuracy is far better because this system is designed to scalp the market. Since it is also based on EMA crossing, I named it
X-Scalper
.

But before you start using this system, it is STRICTLY CRUCIAL for you to identify Support & Resistance.
Other than that, while you are trading, you need to trade without emotion, be PATIENT and also mentally ready to get rid off your GREEDINESS!

Not to forget "Money Management" is important too!

Pairs: GBP/USD & EUR/USD
Timeframe: 15min
1 hour and above(recommended)

EMA 5 - Green
EMA 12 - White
RSI 14 - level 50

BUY: EMA 5 Cross EMA 12 to upside, RSI greater than 50
SELL: EMA 5 Cross EMA 12 to downside, RSI less than 50

Take Profit 2-3 pips ONLY! any doubt with its accuracy?Check your charts!

Do not SELL at SUPPORT, Do not BUY at RESISTANCE

I opened up a live account with hotforex and these are my trades for this week. I will try to post my results in the future when I have time.

“Patience is the key to success”
“Forex is not a sprint, it’s a marathon”

While this is my demo a/c statement before I went to live a/c

Azim

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

Copyright © Forex Strategies Revealed

Hi, can you email 'em to my email also. [email protected]

Hi? Please send me indicator and pattern. My mail [email protected]

Hai, Please drop your email if you need the support&resistance indicator

HI im new to forex, i tried my own strategy of entering the trade and place immediate TP at 3 pips, and i was able to make 277$ in 4 days. Overall 34 trades with juat 1 trades loss of 38$.
IKO FOREX LIMITED

Account: 4390378 Name: muthamil selvan Currency: USD 2013 February 10, 21:15
Closed Transactions:
Ticket Open Time Type Size Item Price S / L T / P Close Time Price Commission Taxes Swap Profit
20115772 2012.12.21 15:09 sell 3.00 eurusd 1.3187 0.0000 1.3185 2012.12.21 15:34 1.3185 0.00 0.00 0.00 6.00
[tp]
20115632 2012.12.21 15:04 buy 3.00 eurusd 1.3177 0.0000 1.3180 2012.12.21 15:07 1.3180 0.00 0.00 0.00 9.00
[tp]
20115380 2012.12.21 14:52 sell 3.00 eurusd 1.3175 0.0000 1.3172 2012.12.21 15:00 1.3172 0.00 0.00 0.00 9.00
[tp]
20115056 2012.12.21 14:38 buy 3.00 eurusd 1.3185 0.0000 1.3185 2012.12.21 15:01 1.3185 0.00 0.00 0.00 0.00
[tp]
20112142 2012.12.21 12:05 sell 3.00 eurusd 1.3210 0.0000 1.3207 2012.12.21 12:38 1.3207 0.00 0.00 0.00 9.00
[tp]
20111889 2012.12.21 11:51 buy 3.00 eurusd 1.3207 0.0000 1.3210 2012.12.21 12:04 1.3206 0.00 0.00 0.00 -3.00
20111752 2012.12.21 11:43 sell 3.00 eurusd 1.3207 0.0000 1.3203 2012.12.21 11:44 1.3203 0.00 0.00 0.00 12.00
[tp]
20111589 2012.12.21 11:31 sell 3.00 eurusd 1.3210 0.0000 1.3207 2012.12.21 11:34 1.3207 0.00 0.00 0.00 9.00
[tp]
20111532 2012.12.21 11:28 sell 3.00 eurusd 1.3206 0.0000 1.3203 2012.12.21 11:35 1.3203 0.00 0.00 0.00 9.00
[tp]
20111157 2012.12.21 11:11 buy 3.00 eurusd 1.3212 0.0000 1.3212 2012.12.21 12:04 1.3212 0.00 0.00 0.00 0.00
[tp]
20080738 2012.12.20 01:45 sell 3.00 eurusd 1.3225 0.0000 1.3222 2012.12.20 01:50 1.3222 0.00 0.00 0.00 9.00
[tp]
20070751 2012.12.19 16:23 sell 3.00 eurusd 1.3257 0.0000 1.3250 2012.12.19 17:03 1.3250 0.00 0.00 0.00 21.00
[tp]
20055448 2012.12.19 02:18 buy 2.00 eurusd 1.3236 1.3247 0.0000 2012.12.19 16:22 1.3259 0.00 0.00 0.00 46.00
20055231 2012.12.19 02:01 sell 1.00 eurusd 1.3231 0.0000 1.3232 2012.12.19 02:15 1.3232 0.00 0.00 0.00 -1.00
[tp]
20055009 2012.12.19 01:47 sell 5.00 eurusd 1.3229 0.0000 1.3228 2012.12.19 01:59 1.3228 0.00 0.00 0.00 5.00
[tp]
20055008 2012.12.19 01:47 sell 2.00 eurusd 1.3229 0.0000 1.3228 2012.12.19 01:59 1.3228 0.00 0.00 0.00 2.00
[tp]
20054836 2012.12.19 01:33 buy limit 2.00 eurusd 1.3230 1.3210 1.3275 2012.12.19 16:22 1.3261 cancelled
20054585 2012.12.19 01:15 sell 3.00 eurusd 1.3228 1.3238 1.3226 2012.12.19 01:44 1.3226 0.00 0.00 0.00 6.00
[tp]
20046348 2012.12.18 11:44 buy 3.00 eurusd 1.3178 0.0000 1.3183 2012.12.18 11:55 1.3183 0.00 0.00 0.00 15.00
[tp]
20046295 2012.12.18 09:50 buy 3.00 eurusd 1.3183 0.0000 1.3186 2012.12.18 10:09 1.3186 0.00 0.00 0.00 9.00
[tp]
20046258 2012.12.18 09:40 sell 3.00 eurusd 1.3176 0.0000 1.3172 2012.12.21 14:50 1.3172 0.00 0.00 -4.50 12.00
[tp]
20046238 2012.12.18 09:22 sell 3.00 eurusd 1.3174 0.0000 1.3171 2012.12.18 09:32 1.3171 0.00 0.00 0.00 9.00
[tp]
20046218 2012.12.18 09:14 sell 3.00 eurusd 1.3175 0.0000 1.3171 2012.12.18 09:16 1.3171 0.00 0.00 0.00 12.00
[tp]
20045507 2012.12.18 05:36 buy 1.00 eurusd 1.3175 0.0000 1.3200 2012.12.18 15:40 1.3200 0.00 0.00 0.00 25.00
[tp]
20045482 2012.12.18 05:20 buy 3.00 eurusd 1.3177 0.0000 1.3178 2012.12.18 06:13 1.3178 0.00 0.00 0.00 3.00
[tp]
20045481 2012.12.18 05:20 sell 3.00 eurusd 1.3175 0.0000 1.3172 2012.12.18 05:28 1.3172 0.00 0.00 0.00 9.00
[tp]
20045266 2012.12.18 03:56 sell 3.00 eurusd 1.3174 0.0000 1.3171 2012.12.18 04:10 1.3171 0.00 0.00 0.00 9.00
[tp]
20045231 2012.12.18 03:38 sell 3.00 eurusd 1.3177 0.0000 1.3174 2012.12.18 03:44 1.3174 0.00 0.00 0.00 9.00
[tp]
20045167 2012.12.18 03:13 sell 3.00 eurusd 1.3172 0.0000 1.3171 2012.12.18 04:10 1.3171 0.00 0.00 0.00 3.00
[tp]
20045166 2012.12.18 03:13 buy 3.00 eurusd 1.3174 0.0000 1.3177 2012.12.18 03:36 1.3177 0.00 0.00 0.00 9.00
[tp]
20035404 2012.12.14 10:35 sell 2.00 eurusd 1.3078 0.0000 1.3072 2012.12.14 13:35 1.3072 0.00 0.00 0.00 12.00
[tp]
20034512 2012.12.14 09:05 buy 2.00 eurusd 1.3086 0.0000 1.3093 2012.12.14 10:54 1.3093 0.00 0.00 0.00 14.00
[tp]
20034425 2012.12.14 08:58 sell 2.00 eurusd 1.3080 0.0000 1.3069 2012.12.14 10:33 1.3075 0.00 0.00 0.00 10.00
20032834 2012.12.14 07:04 buy 2.00 usdjpy 83.70 83.57 83.75 2012.12.14 08:35 83.75 0.00 0.00 0.00 11.94
[tp]
20032159 2012.12.14 05:50 buy 2.00 usdjpy 83.91 83.75 83.86 2012.12.14 06:32 83.75 0.00 0.00 0.00 -38.21
[sl]
0.00 0.00 -4.50 281.73
Closed P/L: 277.23
Open Trades:
Ticket Open Time Type Size Item Price S / L T / P Price Commission Taxes Swap Profit
No transactions
0.00 0.00 0.00 0.00
Floating P/L: 0.00
Working Orders:
Ticket Open Time Type Size Item Price S / L T / P Market Price
20299353 2013.02.05 03:02 buy stop 1.00 eurusd 1.3635 1.3620 1.3650 1.3366
20312089 2013.02.06 07:48 buy stop 1.00 eurusd 1.3605 1.3590 1.3650 1.3366

Summary:
Deposit/Withdrawal: 0.00 Credit Facility: 0.00
Closed Trade P/L: 277.23 Floating P/L: 0.00 Margin: 0.00
Balance: 3 345.02 Equity: 3 345.02 Free Margin: 3 345.02

Details:

Gross Profit: 319.44 Gross Loss: 42.21 Total Net Profit: 277.23
Profit Factor: 7.57 Expected Payoff: 8.15
Absolute Drawdown: 38.21 Maximal Drawdown: 38.21 (1.25%) Relative Drawdown: 1.25% (38.21)

Total Trades: 34 Short Positions (won %): 21 (95.24%) Long Positions (won %): 13 (84.62%)
Profit Trades (% of total): 31 (91.18%) Loss trades (% of total): 3 (8.82%)
Largest profit trade: 46.00 loss trade: -38.21
Average profit trade: 10.30 loss trade: -14.07
Maximum consecutive wins ($): 18 (172.94) consecutive losses ($): 1 (-38.21)
Maximal consecutive profit (count): 172.94 (18) consecutive loss (count): -38.21 (1)
Average consecutive wins: 10 consecutive losses: 1

Hello Azim,
Please can u share your support and resisitance indicator? Can't pick it out the hundreds online.
Thanks!

But with a so small target don't will the spread take all the profit?

unbelivable EA, I am using it very successfully on IC Markets True ECN account.

Hello again,

Anyone who don't like to float may cut your losses short or BE by using candlestick pattern.

Hi Guys

I have been trading this system on a software called ForexTester which allows you to trade the past forex data 1000 x faster than real time.
So I traded it for 1 week and my results are very impressive.

But I must also admit that I had very big drawdowns which at the end resulted in a winning trade because price went back. I do not know how risky this can be when such situation happens.

This has a high accuracy. But you can only trade this strategy with very low lots because you need enough margin to protect you from margin calls when price hits not the TP and goes to the other direction :O

Hai Waseem Alvi,

I've tried to make the EA, I've been backtesting it for a few months but its kind of difficult to find the Support & Resistance. With Zigzag, Swing Zz indicators, it's just not working. I believe drawing it manually is better.

I will keep u guys updated if I found the solution to it.

Hi Azim,
I've tried this strategy and its fantastic. Though it requires lots of patiance to wait for the true singnal but the results are superb. Thanks for sharing such a wonderful strategy. I was wondering if you like to share its EA? if you can it will be highly appriciated. Kind regards, Waseem Alvi. w44sem(at)yahoo.co.uk

Hi Azim,

Can You share this EA??

Everyone on this forum trading these stupid strategies with some stupid Metatrasher4 bucket shop with their stupid $100 accounts is....stupid.

2-3 pip per trade? what about the spreads? i'm confuse the spread for one minute chart is the same for the weekly chart right? most spread are at least 16-70pips so why would you make a trade for 2-3 pips am I missing something? someone please clear this up for me thanks email [email protected]


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