Scalping trading strategy on 4 screens

Uncomplicated scalping trading strategy , non-syndicator trading strategybased on the 4-screen system, which nevertheless allows you to make very good deals with a good chance to be profitable, and with the right risk management and clear adherence to simple rules - to earn steadily.

Marketplace: Forex;
Currency pair: multicurrency trading strategy;
Trading Indicators: -;
Trading strategy: scalping;
Timeframes: H1, M30, M15, M5;
Protective ordersTakeProfit, StopLoss, TrallingStop, Breakeven level.

Algorithm of work on scalping strategy

Create in the trading terminal 4 windows of the same currency pair with different timeframesM5, M15, M30 and H1. For clarity, in the Metatrader 4 menu item "Window" select "Vertical", then all 4 screens will be placed in the trading terminal in order in the neighboring windows, approximately as in the figure:

Now we wait for all the last candles to close: if green - buy, red - sell.

Scalping Strategy Trading Signals :

1) on the H1 timeframe the 11th hour candle closed at 12:00 in green.
2) go to M30 timeframe - candle from 11.30 closed also at 12.00 in green color.
3) go to M15 timeframe - candle from 11.45 is also closed at 12.00 in green color.
5) go to M5 timeframe - candle from 11.55 is similarly closed at 12.00 in green color.

All conditions of this strategy are fulfilled - we conclude purchase transaction at the current price.

The picture, of course, is an ideal example, but if, for example, on the timeframes H1 and M30 the conditions are met, but on M15 the candle closed in red color, then you need to wait for the next candle. For the correct working out of this scalping strategy it is important to always check whether all of the closed previous candles in one color, and only if this condition is met, open a trading position.

Scalping trading strategy protective orders

1) installing fixed stop loss at a distance of 15-20 pips from the market entry. In this case Take Profit is equal to 30-40 pips. When the price reaches +15 pips of profit we move the stop-loss to BreakevenWe fix a part of the trading position or close the deal completely depending on the trader's preferences. Also, if desired, you can use trailing stop.

2) Stop Loss place under the nearest local minimum (fractal) for buy trades or over the nearest local maximum (reverse fractal) for sell trades. Take Profit at the same time should be at least 2-3 times as large as possible stop loss. We fix the profit according to the same scheme described in (1).