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:
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
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