Scalping System

[sxiqxx 0]

Hello, 

 

This scalping system works good on the 3M chart, you can use it in the 5M and 15M chart as well, but I don't find it so profitable as I am doing compound interest, so I prefer to make more trades in a day. It also works in a 1M chart but you'll get more negative trades and a lot of noise. 

 

Indicators: 

 

- Heiken Ashi Smoothed.

- TDI. 

 

Buy rules: 

 

- Heiken Ashi Smoothed has to be blue and flat on the top of the candle. 

- TDI: green line has to be above the red line and both above yellow line. 

 

Sell rules: 

 

- Heiken Ashi smoothed has to be red and flat on the base of the candle. 

- TDI: red line has to be above green line and both below yellow line. 

 

I always use trailing stop to get the best of the trade or TP on 10 pips. 

 

Hope it helps someone :))) 

[fxeconomist 11]

Thanks, look a bit complicated but will try to implement on my Hotforex account and will let you know how it goes.

[aimhi 10]

Scalping can be good during the high volatile markets however the new traders should be careful while entering and exiting the markets too quickly since they can make losses as well. If the broker support news trading we can make most out of the scalping in my opinion.

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[RJo 10]

@sxiqxx, Well done on making your first post a promising strategy.

@everyone, post up if you want this coded into an EA. Although I switched to TradeStation, I still have an active MT5 demo with MetaEditor. I can code it without referencing object oriented programming which should be retroactively compatible with MT4. Let me know...