Forex miner

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Forex scalping system ( part 1)

What is scalping ? Scalping is trading method. The trader (scalper) touch the market for few minutes or less and takes relatively very small profit.

Scalping system requirements ( proof of concept - public version ) :

  • Entry the market when the prize is moving ( high volume ). Other traders are trading. Wake up !
  • Recognize the trend.
  • Look at the price few minutes ago.
    • Compute trend line. Bull / Bear / Stay away
    • Moving average. Bull / Bear / Stay away
    • MACD. Bull / Bear / Stay away
    • Woodies CCI , chop zone . Bull / Bear / Stay away
    • and RSI
    • ... and William R%
    • ........and so on
    • .... in other words, use technical analysis to define the trend
  • Use fuzzy logic to figure out the result. ( if rule1 is strong bull and rule2 is medium bull and rule3 is strong bull and ....rule N is then go short)
  • Compute position risk. Dynamic or fixed profit target. (Fuzzy logic too).
  • Compute stop loss zone according to risk.

I really like these systems ! Are you scalping too ?

1 comments:

Anonymous said...

Hi Dear,

Which dealer allows (or does not prevents) scalping?

If you like scalping, you must be practising it.....however which dealer...:)

waiting for your reply..

Ritesh
ritesh @ mail . ru