A set of trading strategies on the principle of three screens ComeSurfing Fx. Part 3. Conservative Scalping

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The third part of a series of articles describing a set of ComeSurfing Fx trading strategies built on the principle of three screensThe article is devoted to the conservative variant of scalping on M1.

Input parameters

Currency pairs: any.
Timeframe: high screens - M15, M5; working screen - M1.
Trading hours: London and New York trading sessions.
Risk management: after calculating the stop-loss, choose this lot sizeto risk no more than 2-5% of the deposit per trade.

Installing indicators and strategy template

Unpack the archive with templates and indicators.
Copy the indicators to the folder MQL4 -> indicators.
Copy the templates into the templates folder.
Restart the terminal.
Open the chart of the desired currency pair.
Install the template with the name ComeSurfingFxConservative.
Switching to the TF M1.

The schedule should look like this:

Scalping on the principle of three screens — ComeSurfing Fx Conservative trading strategy template

Signals indicating the opening of a long position (buying)

At timeframe M1 price is at the lower limit of the channel (even better, if the price will go beyond the lower limit of the channel)
On the M1 timeframe, the thick line in the indicators THV (M15), THV (M5), THV (M1) is colored green.
On the M1 timeframe, the SuperTrend indicator is colored green.
On the M1 time frame, the green candle closed above the moving averages.
A stop loss is placed under the nearest local minimum.

Trading strategy on the principle of three screens — Example of a long deal

Signals indicating the opening of a short position (sale)

On the M1 timeframe the price is at the upper limit of the channel.
On the M1 timeframe, the thick line in the indicators THV (M15), THV (M5), THV (M1) is colored purple.
On the M1 timeframe, the SuperTrend indicator is colored purple.
On the M1 time frame, the purple candle closed below the moving averages.
Stop Loss is put over the nearest local maximum.

Trading strategy according to the method of three screens — Example of a short transaction

According to ForTrader.org experts, using M15 and M5 timeframes as higher screens will increase the number of entry points into the market, and the conservative scalping method will increase the effectiveness of the trading strategy due to more cautious entry rules, which reduce the risk level.

Download templates and indicators

A set of trading strategies on the principle of three screens ComeSurfing Fx

Other trading strategies for scalping

Scalping Strategy Template New Science of Forex Trading — **Scalping Strategy New Science of Forex Trading**

**The Secret Strategy: a simple strategy for scalping**

Scalping envelope strategy forex template — **Scalping envelope strategy: short-term scalping inside the envelope**

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