....one of quick posts :-)
You can download it here.
Enjoy the trading! Tomorrow .. FED well, we will see.

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 ?

You can usually trade all day from Monday till Friday depend on your broker. But the prices are moving when other traders are trading (not sleeping).

 

 Forex market hours

New York opens 8:00 am to 5:00 pm EST

Tokyo opens 7:00 pm to 4:00 am EST

Sydney opens 5:00 pm to 2:00 am EST

London opens 3:00 am to 12:00 noon EST

 

Forex market hours best performance

There are hours when market sessions are overlapped:

 

New York and London — 8:00 am — 12:00 noon EST

EUR/USD , GBP/USD

 

Sydney and Tokyo — 7:00 pm — 2:00 am EST

AUD/JPY

 

London and Tokyo — 3:00 am — 4:00am EST

GBP/JPY

 

At those overlapping trading hours you'll find the highest volume of trades (bigger rate of change) and therefore more chances to win in the foreign currency exchange market. It's very interesting to change automated strategy for trading only at overlapping sessions. 

 

Enjoy the trading !

You can download fully working vttrs file here

[Part I - Trading strategy fx]
Which timeframe to choose ?

• Depend on your account sizen
• Depend how much time you can spend with trading

Select the right currency pair

• Look at the relative percent change
  
• Look at the spread

Use automated trading system if you can.

• Save the time
• Computer performance is similar with amateur trader.
• Safety setup your portfolio.
  

Trading strategy fx should be platform independent.