Best scalping method

[coinmountain]

I came across this method surfing the web.
Its something i use every day and aim for 40 pips daily at 2% of bank.
I use intertrader advanced charts on a spread betting platform
They have low spreads of 1 to 3 pips on the markets i trade
as follows
GBP/USD ALL DAY
EUR/USD ALL DAY
DAX MORNINGS
WALL ST (30) DOW JONES

open a blank screen on 5 minutes 50 units
add pivots,bollinger bands
psar 0.10 0.11

go to indicator /backtest
add MACD 5 8 9 SETTINGS

Use Psar dot as entry stop loss and enter trade when macd and psar are both same colour
only on FIRST new red or green psar
on currencies i place target as 5/10 pips and sell 70% of position at first target
the remainder whether good or bad is on a trailing stop loss.
On indices there's usually a good run a couple of times a day
I place target as 10/20 pips and apply sell 70% of position if 1st target reached and
leave the remainder to trailing stop loss.
On some occasions recently left 30 % of trade running and came back to 60 pips profit
far more than i expected.
40 pips is easily achievable and i'm allowing my account to compound and use 2%.
I have traded for over 10 years with mixed success and used to work in the city in the
fx settlements dept.
Very happy to recommend to all

[sesshoumaru]

i believe you're talking about this strategy
forex-strategies-revealed Scalping system #4 (5 pips with GBP/USD)
but it talks about psar on macd, so it's a slightly different.
could you share your template plz.
Thanks!

[coinmountain]

This is exactly the same as the other message i left
Its not a download or template
its exactly how i trade

i believe you're talking about this strategy
forex-strategies-revealed Scalping system #4 (5 pips with GBP/USD)
but it talks about psar on macd, so it's a slightly different.
could you share your template plz.
Thanks!

[Tave]

Sounds interesting can you post any screenshots of how you trade this system?
Whats your win/loss ratio so far (if you dont mind me asking).
Thanks,
Tave

[sesshoumaru]

hello, did you use the macd from mt4 itself or macd histogram? because it's different.
Thanks!

[sesshoumaru]

This is exactly the same as the other message i left
Its not a download or template
its exactly how i trade

please share your tpl on mt4. i have some confusion on the indicator setting especially the psar, which one is 0.10 and which one is 0.11.
Thanks very much!

[coinmountain]

hi

Don't use mt4 platform only spreadbetter intertrader in UK
On my platform you put psar 0.10 and space for second at 0.11

[coinmountain]

hello, did you use the macd from mt4 itself or macd histogram? because it's different.
Thanks!

not on mt4 platform only spreadbetter advanced charts
psar is not on macd its on main chart

[coinmountain]

Sounds interesting can you post any screenshots of how you trade this system?
Whats your win/loss ratio so far (if you dont mind me asking).
Thanks,
Tave

no idea how to do screen shots
As i'm only looking for 40 pips takes about 8 trades
sometimes closes after 5 pips and retraces 5 to close leaving loss/breakeven
about 6/8 trades required.
I'm trying to improve 75% success rate by trading at busier periods in other reply
good luck

[barron]

How long have you been trading using this method? Do you trade
mostly London, NY, or Asian session?

no idea how to do screen shots
As i'm only looking for 40 pips takes about 8 trades
sometimes closes after 5 pips and retraces 5 to close leaving loss/breakeven
about 6/8 trades required.
I'm trying to improve 75% success rate by trading at busier periods in other reply
good luck