Quote:
Originally Posted by tymen1
I think that there are some errors here regarding the idea of scalping.
Scalping can involve large lots (positions) and any time frame.
The essence of scalping is that you only profit a few pips, such as 1-5 pips.
By using a large position it is still possible to profit well............but............the majority of brokers will want to shut you down.
How is this done?
It is automated and written in the computer language code of the charting program.
I am not a computer programmer but, in simple language, it goes something like this.............
If trade large
and
If trade positive
and
If pip gain small
then
trade close signal=NO SIGNAL
ie, your charting program friezes.
I do not use indicators for scalping - I do not use indicators at all. Instead, I am a candlestick trader. When I shifted from indicators to candlesticks, I stopped making repeated losses and, for the first time, started to make real profits.
I scalp (but prefer to let my trades run) using candlesticks.
I use a broker that permits scalping.
Regards, Tymen Wortel, Perth, Western Australia.
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I agree with Tymen's explanation about scalping, sorry guys, for my wrong explanation about it.
In my opinion, candlestick is an indicator too. may be you can share your experience here, so we can learn more deeply about the candlestick in scalping, if you don't mind, please.
Regards,
IIN