Sunday, March 25, 2012

Scalping 10 Pips Only Forex Strategy

This 10 pips forex strategy is scalping strategy very easy and simple to do, even if you are a beginner in forex trading. Use only Bolinger Band and Stochastic to predict price movements in the future. Although a simple strategy, but the author of this forex strategy claimed that it has a good profit.

Setting on your trader platform

  • Time Frame 15 or 30 M
  • Bollinger Bands Default settings
  • Stochastic 5,3,3 with level 20 and 80

That's all you need, remember because this's a scapling strategy so applies only to the currency pairs with low spreads.

Buy Order

When price out under line of bollinger bands, the price will come back in bollinger again
when the first candle close in bollinger Prove the intersection of lines in the indicator stochastic open order buy and your target be 10 pip only.

Scalping 10 Pips Only Forex Strategy

Sell Order

Do the same Buy Order with the opposite way

Scalping 10 Pips Only Forex Strategy

Source: Forum MT5