Scalping system #21 (Utmost simple scalping)
Submitted by User on October 29, 2011 - 12:11.
Submitted by Rudy
Hi Edward, this is maybe the utmost simple scalping strat there can be:
chartsetup = H1,
downcandle = red,
up candle = green.
Now, whenever bar collor changes, go in the direction of latest bar. Take some pips (scalp), and wait for another bar collor change. Thats it = kis !!
My entries:
go long if price breaks high previous bar high (green), go short if price breaks low previous bar low (red).
TP an SL : personel preferences.
Goodluck
Best regards, Rudy
Edward Revy,
http://forex-strategies-revealed.com/
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Rudy,
What if colour goes from red to green, but the next colour does not break the high of the previous candle ( the green one). Do you still wait for a break on the next candle? Or the one after that? Or do you just for the colour to change red?
Also when you say "high" do you mean the close of the candle? or do you also include the twig?
Have traded this for extended periods ?
Regards
Claude
Rudy,
I like it.
Will test.
Regards,
Reddy
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