Trading strategy for scalping Free scalping

Free scalping trading strategy - is a trend-pulse system with high profitability.

Input parameters

  • Currency pairs: basic, gold
  • Timeframe: M5 and M15 (optimal), it is possible to use the strategy on M30 - H4
  • Trading times: London, New York
  • Risk management: after calculating the stop-loss, choose this lot sizeto risk no more than 2-5% of the deposit per trade.

Used indicators

  • QQE (current time frame, smooting 30);
  • free scalping system indicator (intesity 50);
  • MACD Colored (12, 26, 1);
  • Color MA (34, 1),
  • SDX-Tz Pivots.

Setting up the price chart

  • Unpack the archive
  • Copy the template into the templates folder
  • Copy the indicators to the folder MQL4 -> indicators
  • Restarting the terminal
  • Open the chart of the desired currency pair
  • Install a template named freescalping

The schedule should look like this:

Trading strategy for scalping Free scalping
Free scalping trading strategy template

Signals indicating the opening of a long position (buying)

  • On the QQE indicator, the green line crosses the red line from bottom to top;
  • free scalping system indicator has formed a green bar;
  • The histogram of the MACD Colored indicator is above the zero line;
  • The Color MA indicator is green.
Trading strategy for scalping Free scalping
Examples of long deals

Signals indicating the opening of a short position (sale)

  • On the QQE indicator, the green line crosses the red line from top to bottom;
  • free scalping system indicator has formed a red bar;
  • The histogram of the MACD Colored indicator is below the zero line;
  • The Color MA indicator is red.
Trading strategy for scalping Free scalping
Examples of short trades

Setting Stop Loss and Take Profit Orders

Order size Take Profit depends on the timeframe used:

  • M5 = 7-12 points
  • M15 = 9-15 points

Stop Loss is set above/below the previous local maximum/minimum.

Exit deals

Exit deals can be done in several ways:

  • When you change the color of the Color MA indicator;
  • When the price reaches one of the pivot levels;
  • When the profit/stop-loss ratio reaches 2 to 1.

Free scalping trading strategy - is a great strategy for scalping. With some optimization of the rules, this strategy can be used as a trending strategy on almost any timeframe.

Download Free scalping trading strategy template and indicators

Other popular trading strategies

Trend Trading Strategy 4TF-HAS with Pin Bar Detector
Trend Trading Strategy 4TF-HAS with Pin Bar Detector
Trending Strategy FX King System
Trending Strategy FX King System
Trending Strategy FX Fortune Profit
Trending Strategy FX Fortune Profit

Leave a Reply

Back to top button