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Scalping Forex Strategy & quot; simple scalping & quot; (Profit 22 punta)

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Forex Scalping Strategy "Simple scalping" (Profit 22 punta)



Time - 9.15 30.03.2011. We look at the H1 chart - closed at 9.00 bullish (green) candle. M30 - green candle. M15 - 9.15 have a bullish candle. And finally, M5 - 9.15 green candle closes. All graphics are 4 1 green (bullish) candle, therefore, we buy at the price of 1.6017 a pound, putting a stop loss of 20 points - 1.5997, and take profit 30 pips - 1.6047.

Witness the open position (the best place on the M5). As you can see, the price has gone down, but has not reached the stop-loss, then turned and reached the level of 1.6039. You can tighten stop loss to breakeven and above, and you can close the position, without waiting for the take-profit and stop-loss. Ideally, we could earn 22 points, actually a little less.

If you look at these candles on TF H1, you can see two fairly large green candle, which means that profits could be even greater.

Implementation
Open in MetaTrader 4 graphics one currency pair, for example, EURUSD, set 4 different timeframes (M5, M15, M30 and H1). For convenience, in the terminal, select "Window" on "Vertical" - all 4 schedule will be visible at the same time.

Stop-loss and Take-profit
1 Take-profit put 30-40 points, stop-loss - 15-20 points. Once the price has passed 15 points in the desired direction - tightens the stop-loss to an open position (loss 0 for rollback) above (fixation of the profits), or you can close the position (gain +15 points). You can use a trailing stop - to choose from.
2 Stop-loss orders can be placed at the nearest local minimum (fractal) - with a long position or above the high (reverse fractal) - with a short position. Take-profit is better to put in 2-3 times more than the value of stop-loss. Gains recorded similar to item 1.

As you can see, nothing complicated. Pay special attention to the volume of open positions and do not be greedy when placing stop-loss and take-profit - and your chances of profits increase!

Remember that the gains from trade is highly dependent on you have chosen a broker!



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