Forex Scalping Strategy Scalping In Silence
'Scalping in Silence' is a forex scalping indicator for trading on the 1-minute chart (M1). If you follow all of its rules it is undoubtedly a profitable Forex strategy. The EURUSD currency pair is the best one to use. There is a special feature of 'Scalping in Silence' and that is the time that you can trade is from 0900 to 1100 GMT.
To use this trading forex you should look for a trusted Forex broker who can offer the Metatrader 4 trading platform.
Description of the Forex Strategy 'Scalping in Silence'
Before using this Forex strategy for trading, you should adjust the chart window. Using the currency pair you have chosen you should firstly place the following indicators:
' Parabolic SAR (0.02 and 0.2) ' green
' Parabolic SAR (0.005 and 0.05) ' blue
Remember that you should only open up trades going towards the blue Parabolic SAR. We will need a Fibonacci grid as well so as to determine the points of entry. If the price breaks away from the green-colored Parabolic, we can build a Fibonacci grid. We will build this between the last local minimum and maximum of the candle on which the reversal has occurred.
A buy trade using the Forex trading strategy 'Scalping in Silence' should be opened on the Fibonacci level of 50%. A stop-loss should be placed two points below the last local minimum. It is advisable to keep your risk limited to somewhere between 2% and 4%. Take-profit should be placed on the Fibonacci level of 164.8%. Alternatively, you can use a trailing stop. You should do the exact opposite if you want to perform a sell trade.
|Forex Scalping Strategy Scalping in Silence page created by Maynard Ortolf|