2-Strategy-Scalping - (KohanFx Com) Fa en
Uploaded by
MBOTAKE Lawson2-Strategy-Scalping - (KohanFx Com) Fa en
Uploaded by
MBOTAKE LawsonTranslated from Persian to English - www.onlinedoctranslator.
com
Introducing 2 strategies for scalpers
Prepared :
Fariduddin Tabatabai
04/01/2015
In the name of God
Strategy number 1:
Strategy name:Rapid-Fire
This strategy is designed based on two criteria:
1- The most floating currency pair in the market
2- Lowest time frame available
These criteria lead us to currency pairs.In the one minute time frame it leads eur/usd
The time frame of one minute is very fast and lively. If you are not careful, the rush of adrenaline in your body can negatively affect your
decisions. This problem is compounded by the frequency of situations of this strategy in one day. On average, daily between 30 and 00
positions are created based on this strategy in the market.
That is why this strategy uses two indicators to discover reasonable intraday trades. Then you can quickly shoot and
catch your prey whenever you want.
time frame :
The Rapid Fire strategy works on a 1 minute time frame. Each candle in this time frame represents the amount of price movement in one minute.
Indicators:
For this strategy we use the following indicators:
1- Parabolic Sarr): With the following settings (parabolic SAR
- Step = 0.02
- Maximum 0.2
2- simple moving origin)With period settings (SMA00 and based on Clause
(In the original PDF, he gave a more detailed explanation about both types of indicators and settings, which we do not need for our trade)
Currency pairs:
This strategy is specific to currency pairsIt is designed for eur/usd
Summary of the strategy:
This is a trend based scalping strategy which means it works best in a trending market. The strategy uses two
indicators related to the trend - simple moving origin with period 00 and parabolic SAR with default settings - moving
origin indicator is used to identify market momentum. This means that when the price is above this moving we look
for buy positions and when the price goes below this moving we will look for sell positions.
Parabolic SAR is also used for accurate entry both in the direction of buying and selling. When the EUR/USD price goes above
the SAR parabola, we open a buy deal, and when the price goes below it, we open a sell deal.
How to log in for a buy position:
Here are the steps required to enter a purchase transaction according to this strategy:
1- We wait for the market until the price goes above the simple moving average with period 00.
2- We wait for the parabolic SAR indicator to move above the market price.
3- When the market price goes above the Sar parabolic and the Sar parabolic appears below the price, this is a signal to enter a buy position.
(see the following pictures)
0- The stop loss in this strategy is 11 pips below the entry point.
1- Tick Profit is also 10 pips above the entry price.
According to the above pictures:
Entry point: 1.2230
Stop loss: 1.2212
Tick Profit: 1.2200
The risk amount of this trade is 11 pips, and the profit is 10 pips. The risk-to-reward ratio of this transaction is 1.1:1, which has a 2% yield
against a 3% risk.
How to enter for a sales position:
Here are the steps required to enter a sell deal according to this strategy:
1- We wait for the market until the price goes to the bottom of simple moving origin with period 00.
2- We are waiting for the SAR parabolic indicator to move to the bottom of the market price.
3- When the market price goes below the Sar parabolic and the Sar parabolic appears above the price, this is a signal to enter a sell
position. (See the following pictures)
0- The stop loss in this strategy is 11 pips above the entry point.
1- Tick Profit is also 10 pips below the entry price.
Conclusion :
This strategy may give you a re-entry signal before you close your previous position. It is not uncommon to open several
trades in a row based on several signals in a row.
As a scalper you have to decide how you want to manage your positions.
Remember this strategy works best in a trending market.
Strategy number 2:
Strategy name:Piranha
Most of the time, the forex market is either trending or suffering. The rapid fire strategy works best in trending markets. Piranha's strategy
is designed for the suffering market.
This strategy for the secret pair GBP/USD)In the timeframe (GBP/USD1 minute designed. On average, you can find between 11 and 20
positions in the market based on this strategy.
time frame :
1 minute
Indicator:
In this strategy, the Bollinger Band indicator is used with the following settings:
- Period 12, shift 0
- Deviation 2
Currency pairs:
British pound / US dollar)(GBP/USD
How to enter the buy position:
1- We wait for the market to touch the lower band of the Bollinger Band.
2- After touching this band, we enter the buying position.
3- We set the stop loss to 10 pips.
0- We consider tick profit as 1 pip.
You can do the same for the sales position.
tip:
When your stop is hit, this can indicate that the trend and direction of the market may be in the opposite direction, and from now on you
should look for positions opposite to the position you took and exit with the stop.
For example, if you take a buy position and stop it, look for sell positions from then on.
Pay attention, as it was said, this strategy is specific to the suffering market, and in the trending market, it may fail badly.
Good luck
