As we said it before, scalping could be a good way to make some fast money, especially if you don’t have too much time to spend in front of your PC as a trader. But to stay on a good a profitable path, in time you should test several forex scalping systems before trading your real money. In our trading experience we observed that there really are trading strategies that do not have to be complex or hard to be applied to make money. Sometimes there are simple strategies that help traders get … [Read more...]
Simple Scalping System based on Directional Movement
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We are recommending you to test a very simple scalping system based on a pretty interesting indicator – Directional Movement or you will also find it as ADX. This indicator has three elements: +DI, -DI and the ADX. The most important characteristics of these elements are: - When +DI crosses above –DI then the trend is up; - When –DI crosses above +DI the trend is down; - The ADX shows the strength of the current trend. We tested this system on different … [Read more...]
Simple Gap Trading Strategy for the Forex Market
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The gaps that appear on a chart are pretty important. It is a price pattern which can offer information regarding the direction of the price and the strength of the market. On Forex, because of the high liquidity, gaps are not that frequent, but they do appear especially after the weekends. In trading a myth, that the gaps are always covered, was born. The gaps are usually covered, but it can be done very fast or it can take a longer time until it will be covered. It is important to know … [Read more...]
Simple Breakout Trading System
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Trading breakouts is usually pretty tricky. It can always become a false breakout that could ruin the trader’s trade, by hitting the Stop Loss. To use this kind of systems a trader should find a combination of elements that will lower the probability for a false breakout. As no system is 100% accurate there should always exist a Stop Loss to limit a possible loss. For this strategy to work, we recommend using currency pairs (or other types of instruments) that usually have high volatility. It … [Read more...]
Trend Following Strategy Using Parabolic SAR
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The strategy that we will present to you in this article is a trend following strategy that can be used on any liquid market, especially on the Forex market. It can be applied on any currency pair and almost any time frame (recommended time frames from 1 minute to 4 hours). The technical indicators that are used in this strategy are a combination of trend following indicators and an oscillator. The system uses the Parabolic SAR (0.01, 0.01, 0.4) and MACD (11, 22 and 9) for signals and … [Read more...]
Simple Forex Scalping Strategy For EURUSD and GBPUSD
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If you are interested in forex scalping and you are a beginner, read our Forex Scalping – Complete Beginner to Advanced Strategy Guide to understand the concept. If you past the first steps it’s time to Choose The Right Broker For Scalping and also the best Currency Pair for your simple forex scalping system. The strategy presented in this post it is one of the simplest and it can be used on currency pairs with medium volatility and low spreads like: EURUSD, GBPUSD and USDJPY. The recommended … [Read more...]
