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:
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.
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.
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
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