Free
Scalping
System
( simple mathematic scalping
system – no indicators used)
DISCLAIMER
Please be aware of the loss, risk, personal or otherwise consequences
of the use and application of this book’s content. The author and the
publisher are not responsible for any actions that you undertake and will
not be held accountable for any loss or injuries.
COPYRIGHT
( free Forex system available for free on some free Forex sources )
Timeframe: One Minute
Indicator: No Indicator, but use (High+Low)/2 rather than Close.
Currency: EURUSD (Others not tested.)
Trading Rules: When the current (High+Low)/2 is 11 or more pips
higher than the previous (High+Low)/2, close any open Buy trades and
open a Sell position. When the current (High+Low)/2 is 11 or more pips
lower than the previous (High+Low)/2, close any open Sell trades and
open a Buy position.
Test these additional Options before implementing:
1. Use Martingale of 2 on the number of lots of any losing closed
positions before opening the next trade... with a maximum of 32
Martingale positions opened on any one trade.
2. Use Limit and Stop, or Trailing Stop.
3. When a Trade closes via Limit or Stop, open another either direction
(or 2, both directions) with a Trailing Stop.
Remarks:
HL/2 is simply the High added to the Low and divided by 2.
This is (High for the Period + Low for the Period)/2.
It is often a much better indicator of the true trend than the Open or the
Close.
Exit rules are simple. When a difference of 11 or more pips between the
current Period (H+L)/2 and the previous Period (H+L)/2 is reached, do 2
things: 1) close all open positions; 2) Open a new position against the
direction of the last period.
In other words:
At the close of any given minute, if Just-Closed Minute's (H+L)/2 was 11
pips or more higher than the Previous Minute's (H+L)/2, close all open
positions and open a new Sell trade.
Also, at the close of any given minute, if Just-Closed Minute's (H+L)/2
was 11 pips or more lower than the Previous Minute's (H+L)/2, close all
open positions and open a new Buy trade.
This is free system from the web ( it’s not my product ) support for this
system is very limited – please try to D.I.Y.
Karl