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best forex broker for scalping

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									Forex Scalping Strategy - Megascalping on the Principle of
Grebenshikov       The Grebenshikov principle is the basis of
this strategy as described in the book 'Forex and We'. In terms
of scale, megascalping has a close resemblance to this strategy.
Although different currency pairs can be used, megascalping using
the principle of Grebenshikov works using the EUR/USD as the
primary pairing.
 A reliable forex broker that offers Metatrader 4 should be used
with this forex scalping system. Description of the Forex
Trading Strategy The Metatrader 4, like most trading platforms,
will have the Bollinger indicator that you can use to enter the
market. Should the Bollinger indicator show parallel lines, Buy
stop and Sell stop orders should be placed 20 pips above and
below the borders of the horizontal channel accordingly. Any
timeframe can be used.
Prior to placing any orders that are pending you should perform
some technical analysis on the higher timeframes. As an example,
using H1 to place orders, D1 should be looked at beforehand.
Were the price to be next to the upper channel border using the
day timeframe, we place only the Buy stop (and the opposite for
Sell stop). You can place a stop-loss at 20 points beneath the
channel border opposite.    Transaction Support According to the
Trading Strategy When a pending order has been initiated there
are two possible scenarios. A) Should a profit not hit 25 points
and so closes on a stop-loss or the transaction is not
profitable. At the point of trend reversal, the principle used to
set in place a sell stop is the same as the one previously used
to set up a buy stop. I.e. a long transaction closes on stop loss
and a short position is then immediately opened.
The same two scenarios will exist here. b) There is immediate
profit with the opened transaction. The transaction moves into a
break-even at the point a 25 point level has been breached. With
the price continuing to go in the right direction, a trailing
stop is used. When opening up further positions, pending orders
are placed 20 points above the maximums using the 4-hour chart.
You can place orders after the summary stop for all of the
positions that are in a positive area or break even position.
This is for safety reasons due to the volatility of the forex
market. A further variant would be the only open transaction
shifts to break-even at the 25 point level.
You can take your profit when the trailing stop or stop loss is
hit. And finally, it is vital to have a clear and thorough
strategy for trading when trading forex due to the complexity of
the market.   The basis of this comes from the Grebenshikov
principle and this is also seen in 'Forex and We'. In terms of
scale, megascalping has a close resemblance to this strategy.
Although different currency pairs can be used, megascalping using
the principle of Grebenshikov works using the EUR/USD as the
primary pairing. Look for a trustworthy Forex scalping broker
that offers the Metatrader 4 trading platform in order to use it.

Description of the Forex Trading Strategy   You can enter the
market using the Bollinger indicators that can be found on all
trading platforms, including the Metatrader 4. When there are
parallel lines showing on the Bollinger indicator, you can place
Buy stop and Sell stop orders at 20 pips above and below the
horizontal channel borders. This can have any timeframe. Prior
to placing any orders that are pending you should perform some
technical analysis on the higher timeframes. To give an example,
when looking to place orders on H1, D1 should be looked at first.
Were the price to be next to the upper channel border using the
day timeframe, we place only the Buy stop (and the opposite for
Sell stop). A stop-loss can be placed 20 points below the
opposite channel border.
Transaction Support According to the Trading Strategy Upon
activation of a pending order, there are two potential scenarios.
A) Should a profit not hit 25 points and so closes on a stop-loss
or the transaction is not profitable. At the point of trend
reversal, the principle used to set in place a sell stop is the
same as the one previously used to set up a buy stop. I.e. a long
transaction closes on stop loss and a short position is then
immediately opened. The same two scenarios will exist here. b)
There is immediate profit with the opened transaction. Breaching
the 25 point barrier moves the transaction to break-even. With
the price continuing to go in the right direction, a trailing
stop is used.
 When opening up further positions, pending orders are placed 20
points above the maximums using the 4-hour chart. Following the
summary stop for all positions inn area that is 'positive' or in
a break even position orders can be placed. Because of the
volatility of the forex market this is a safety reason. Another
variant would be the movement of an open transaction at break-
even when the 25 point mark is achieved. You can take your
profit when the trailing stop or stop loss is hit. And last of
all, because of the volatility of the market, you must ensure
that you have a well-designed and comprehensive trading strategy
when trading forex.

								
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