Scalper Hourly Strategy: Scalping on Hourly Chart

The Scalper Hourly trading strategy is designed for scalping, despite the fact that it operates on hourly charts.

Input parameters

  • Currency pairs: Any
  • Timeframe: Н1
  • Trading time: 24/7
  • Type of strategy: scalping, indicator

Used indicators and rules of entry according to them

1. smHull Mavg indicator: is kind of like what a lot of people are used to muvinga (moving average) с функцией смены цвета при изменении настроения рынка (тренда). Использовать индикатор можно так же и для выхода из ранее открытой позиции в моменты, когда он меняет окраску на противоположную текущей тенденции. Для прогнозирования курса валют используется следующим образом: продажи — цвет smHull Mavg желтый, а так же его линия пересекла параллельные мувинги с периодом 21 (красный и синий) сверху вниз; покупки — цвет smHull Mavg синий и его линия пересекла мувинги снизу вверх (находится выше скользящих).

2. BBands Stop indicator: is located on the price chart and is represented as a set of points that indicate the nearest resistance and support levels. For buy signals it is necessary that the color of the indicator was blue and it was located under the price, for sell signals it is necessary that the color of the points was red and they were above the price. By the same points you can move the stop order into profit with each closing of a new candle.

3. ArenDI ATR Exclusive Indicator: Do not confuse it with the Better Volume tool. It indicates, first of all, the strength of the market, which actually makes it possible to analyze the seriousness of the currency pair's mood to rise or fall. It is important to remember that the signal is valid only when the indicator histograms are above the signal blue line. These moments confirm the truth of the signal formed by the strategy.

4. Scalper Osc D1 indicator: здесь все предельно просто — для покупок гистограмма должна окраситься в зеленый цвет (важно: не светло зеленый, а ярко зеленый); для продаж — гистограмма окрашивается в ярко красный цвет.

Scalper Hourly trading strategy
Scalper Hourly trading strategy

Strategy principle

The tactic uses five indicators in predicting changes in the exchange rate. Part of them studies the prevailing trend on the currency exchange, the other analyzes the current situation for a more accurate entry with a smaller stop order. It is desirable not to forget to set take profit 2-3 times larger stop lossso as not to violate the mathematical expectation of winning.

As mentioned above, take profit on each order should be at least two stop orders. Otherwise, the strategy may start making losses. Therefore, if you do not use fixed targets, be sure to make sure that most of the profitable orders are closed in a profit greater than 2-3 stop loss. The latter are placed as it is often accepted, on local minima or maxima and are usually no more than 25 pips for 4 digits. Take profit or target on a deal can be fixed or dynamic, если для вас не составляет труда «подсматривать» раз в час за изменениями цены. Динамический TP — это так называемое ручное закрытие рыночного ордера выполняемое трейдером при смене цвета у индикатора smHull Mavg.

According to ForTrader.org experts, the best way to control the position в рамках данной тактики, — будет привычный многим trailing stop on the BBand Stop indicator (i.e. SL movement following the indicator points under each bar). Risk management per trading position should not exceed 2%.

Download indicators and Scalper Hourly strategy template

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