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forex scalping system .pdf


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Forex Scalping Strategy - Megascalping on the Principle of
Grebenshikov
This strategy uses the Grebenshikov principle,
as detailed in 'Forex and We'. In terms of scale, megascalping
has a close resemblance to this strategy.
The Grebenshikov
principle is used for megascalping mainly using the EUR/USD
currency pair but you can choose other pairings. Look for a
trustworthy best Forex broker for scalping that offers the
Metatrader 4 trading platform in order to use this Forex scalping
strategy.
Description of the Forex Trading Strategy Use the Bollinger
indicator that all trading platforms, including Metatrader 4,
will have 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. You can use any timeframe.
Before placing pending orders it is sensible to perform
technical analysis using 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). A stop-loss can be placed 20 points below the opposite
channel border.
Transaction Support According to the Trading Strategy When a
pending order has been initiated there are two possible
scenarios. A) The transaction has no profit or it has a profit
that closes on a stop-loss because it has not reached 25 points.
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. This will also have
these same two scenarios. B) The opened transaction brings an
immediate profit. Once the 25 point barrier has passed, the
transaction moves to break-even. Should price continue to go in
the right direction, trailing stop is used. Using the 4 hour
chart, you can place pending orders at 20 points over the
maximums when looking to open up further positions. 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.
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. Lastly, due to the
complexity of forex exchange, it is essential to have a thorough
and clear trading strategy in order to trade forex.
The Grebenshikov principle is the basis of this fr as described
in the book 'Forex and We'. In size terms this strategy is more
like megascalping.
Although different currency pairs can be
used, megascalping using the principle of Grebenshikov works
using the EUR/USD as the primary pairing. To use this free forex
scalping indicators you should look to use a reliable broker that
offers the Metatrader 4 trading platform. 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. 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. Use the higher timeframes to perform
some technical analysis prior to placing any pending orders. As
an example, using H1 to place orders, D1 should be looked at
beforehand.
On the day timeframe, the Buy stop can be placed if
the price is right next to the upper border channel (and the
opposite for the Sell stop). At the opposite channel border a
stop-loss can be placed 20 points below.
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. Here, once there is trend
reversal, the sell stop order has been placed using the same
principle as buy order previously. I.e. a long transaction closes
on stop loss and a short position is then immediately opened.
This will also have these same two scenarios. b) There is
immediate profit with the opened transaction. Once the 25 point
barrier has passed, the transaction moves to break-even. With the
price continuing to go in the right direction, a trailing stop is
used. Place pending orders 20 points over the maximum using the
4 hour chart when looking to open up further positions.
Orders are to be placed following the summary stop for all
positions in a 'positive' area or in a break-even position.
Because of the volatility of the forex market this is a safety
reason. 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.


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