Forex Best Pips Reaper Scalping Strategy
Forex Best Pips Reaper Scalping Strategy:
10 pips a trade is a simple but effective strategy for scalping. This trading system is based on Awesome oscillator 2 and Pallada entry modified. This is a High Frequency Trading , but for an best profitability the setting of this MT 4 template is for 15 min e 30 min. 10 pips a trade strategy is also good for trading with renko chart.
Box size 5 pips or higher.
10 pips atrade can be applied a the trading with binary options high/low expiry time 2-3 candles.
Time Frame 15 min -30 min.
Currency pairs: majors with low spread.
I-Panel trend.
Trend lord.
Awesome Oscillator 2 (0 4, 2) is a professional indicator;
Pallada Entry (34, 12, 28, 31);
Renko live chart indicator.
Trading Rules 10 pips a trade
Buy
Pallada entry buy signal confirmed by
Awesome oscillator 2 that crosses upward or above zero level
Trend lord with green bar
I-panel trend above 55 level but optional.
Sell
Pallada entry sell signal confirmed by
Awesome oscillator 2 that crosses downward or below zero level.
Trend lord with red bar bar
I-panel trend below 45 level but optional.
Make profit with 10 pips with GBP/USD, USD/JPY, EUR/USD 8 pips, AUD/USD 7 pips. Alternatively you can have pivot levels as a profit target. Place initial stop loss 8-10 pips below/above the entry bar.
Only a trade in the same direction.
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex Best Pips Reaper Scalping Strategy?
- Download Forex Best Pips Reaper Scalping Strategy.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Load indicator on your chart
How to uninstall Forex Best Pips Reaper Scalping Strategy?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.
