Scalping strategy ? ( Step by Step )

In this Article I will teach you my methode of trading using " Scalping " strategy , For me I don't believe Really  on trading with indicators (Trend is your friend ) but I assume that Scalping is the only one indicator strategy I can tell you , you can make some pips with it .
If you wanna make cash within the forex market you'd need to open a position with either a buy or a sell order and so close that position at future purpose in time ,as a result you will make a profit or a loss of funds in your account , So the most important thing that make difference between a profitable trader and a trader who loss his money it's his forex strategy  .
OK I will give you an easy example , we suppose you place a sell order solding the GBP/USD at 1,2000 , you anticipate that the price will decline in his action , the price decline as you anticipate and you close your position at 1,1960 you will make 40 pips as a profit or 400 dollars with 1 Full lot size and 40 dollars with 1 mini lot size . but if the price rises then you will make a loss , To avoid this loss be sure to make 15-25 pips for account security ( Never ever trade without Stop loss order ) .
You will not making money without practise a lot of strategies and then choose and develop your own strategy at the end , for me I have practise Scalping strategy for 4 months with a virtuel account , now I make 20-40 pips at less per Day with real account .

L'et us learn the scalping strategy Step by Step :

Open a New chart as you look at the image and choose GBP/USD currency pair

You choose 5 minutes as a Time Frame (TF)

 

Then Choose japanese candelstick as a bar and click at Zoom Out (-) , put it at maximum then click 3 times at the icon Zoom in (+) , it's allow you to analyse 3 hours of the price past history action .

Now you must Open 7,3,50 Of Moving average indicator as you look on the next image (1) and (2) :
2 ways to open the MA

Or

Then you choose differentes colors , and you choose periodes ( for our scalping strategy we choose three periodes 50,7 and 3 MA )

 As results you must have like this chart :

Ok right now it's great as you look I explain to you step by step ...
Now we must using the  3 and 7 and 50 moving averages to trade GBP/USD currency
( This strategy is available to all pairs currencies not only for GBP/USD pair , we take it just as an example )

Notice (1) : You can use Support and resitence lignes to determine your profit and your stopp loss order , but in general we choose 8-10 pips (8-10 pips are a great profit for a scalper ) as a profit and 10-15 as a stopp loss .
Notice (2) : We pay attention to 3 and 7 MA crosses , we Use the 50 MA to see if the market is bearish (uptrend) or bullish (downtrend)

 Notice (3: Sell Order ) : when the fifty MA is declining we'll enter the market ( we enter with sell order ) once the three MA has crossed the seven MA to the downside at the top of the five minutes candelstick and not before ( pay attention : and not before .)  then we'll keep within the market until the three MA starts crossing the seven MA in Associate in Nursing upward motion and Close our position using the button " close order " .

 
Notice (4 : Buy order ) :  if the fifty MA was in upward trend we have a tendency to place a buy position once the three MA crossed the seven MA to the face at the top of a five minutes candlestick and not before and close our position once the three MA starts to cross the seven MA to the draw back.

 Right now you have the basics Let's us make some Online positions : Open your plateforme and make your analyse using the rules that I have explain to you above .

Notic (5) : Never make position if the 50 moving average is in a Sedline condiction :

Example of a position :

As result I make 10 pips in 3 minutes ,, :)

more results :

In next Topics I will share with you my own methode to trade without Indicators and specially trading following the trend price action using a high time frames like H1,H4,D1,W1 , To get high profit 70 pips per day at less and Also the best times to trade forex and when not to do that to be a profitable scalper and more ...

Thank you for reading :)

Josef Amalric,,

www.tradingg.blogspot.com

Tags : Scalping strategy , How to trade , trade using scalping , Scalping , strategy trading , forex trading strategies , profitable forex trading strategies , high probability forex trading strategies .