You can choose to be even more conservative or more aggressive, either way the results are very impressive. Therefore, traders dedicate many trading hours in front of the screen to rip all the benefits of Forex scalping. The average loss trade does not wipe out all the winning trades and it can go on runs of many consecutive wins growing accounts to very high amount fully automated — I have seen a consecutive run of almost trades without a loss with the Forex Scalping EA. Enter your email address below:
Forex Scalping EA
In Forex trading, money management is more important than the trading strategy. For this reason, the focus should always be on using a risk-reward ratio as big as possible. Appropriate ones when trading Forex are ratios bigger than two or close to three.
More precisely, for every pip risked, traders end up gaining two or three pips. Not bad for a trade, is it? When the first candle after the series of lower highs turned to read, or bearish, traders enter on the short side. Or, more precisely, some of them. Next, traders project the risk to find out the minimum risk-reward ratio to use.
We explained earlier that Forex scalping means taking multiple positions during the course of the trading day. To do that, traders look at different currency pairs and follow the same trend trading strategy. Or, they add to the original position. Adding increases the exposure on any one timeframe and currency pair. Conservative traders immediately move the stop loss to break-even by the time the price reaches the 1: This way, scalpers control the risk aggressively and even trail the stop to avoid losing even one single pip.
Here are three other examples of short trades part of the same Forex scalping strategy. Eventually, one of them will be stopped. The argument for that comes from the price that had the power of breaking the lower lows series. Hence, the trend trading Forex scalping strategy ends with the first trade that gets to be stopped.
Another way to do Forex scalping using the Heikin Ashi candles is to spot reversals. Despite the conventional wisdom, a trend reversal is not that obvious as trend continuation with this indicator.
We listed the most relevant ones at the start of this article. There is one reversal pattern, though, that works with the Heikin Ashi charts too. Now would be a perfect time to check the concept. As a reminder, a Doji candle has a small real body, almost invisible. Effectively, the perfect Doji candle has the same opening and closing prices. Nowadays the Forex brokers use five-digit quotations for most of the pairs part of the Forex dashboard. Hence, for a candle to get the exact closing price like the opening one is unlikely.
Therefore, traders adapted the concept and used instead candlesticks with a small real body. Spot something unusual when trends reverse? The Heiken Ashi chart shows multiple Doji candles in the same are. Next, they enter short or long. Finally, they set the take profit at a distance equal to three times the risk stop at the top or bottom. Forex scalping with Heikin Ashi candles provides an excellent opportunity to profit from the market swings. By using lower timeframes, traders take advantage of all market moves.
However, Forex scalping has the disadvantage of being a time-consuming activity. Therefore, traders dedicate many trading hours in front of the screen to rip all the benefits of Forex scalping.
All classic technical analysis patterns are easy to spot on an Heikin Ashi chart. Triangles become apparent, flags as well, etc. The indicator provides a clear picture of the overall market activity and traders use it more in trend trading strategies than in reversal ones. It is only reasonable to do that. After all, the Heikin Ashi candles chart filters the noise in the Forex market and reveals the underlying trend, if any.
All in all, this is a great indicator to use together with sound money management rules. Risk-reward ratios of 1: Yet another Japanese concept was embraced by the Western world. And, for the right reason, as it provides excellent technical analysis setups. During his bachelor and master programs, Damyan has been working in the area of financial markets as a Market Analyst and Forex Writer. You can choose to be even more conservative or more aggressive, either way the results are very impressive.
There is an impressive 9back tests showing results from 9different currency pairs and guess what? This really does show the strength of a forex system when it has the same settings regardless of the currency pair traded. Unlike other forex robots it has not been optimized for each individual pair, not only does this make it a very reliable forex robot but also even easier to setup.
The Forex Scalping EA has plenty of room to make pips on every trade, most trades it banks between pips and sometimes more thus not even making it a true scalper which is a good thing. Combine this with the ridiculously high win rate and you have an excellent reliable and accurate fully automated forex trading system. Draw down is very low and win rate very high. All the stats are perfect. To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
I am very impressed by the Forex Scalping EA. Learn how to scalp with technical indicators and other analysis tools for short-term traders. Repeating this feat successfully through the course of trading is pivotal […]. Mastery of scalping during currency trading can be quite challenging. A good forex scalping strategy does not necessarily lookout for big profits from a single trade, instead it optimizes the win-to-loss ratio across numerous trades. During scalping, it is crucial to always imbibe the quick booking of small profits along with losses as they appear […].
Trading the forex market is quite a delicate job, but tools abound in the market that if effectively put to use will ease the entire process. Scalping is one of such trading style where a trader deploys a very short hold period in the market, while having expectations of spawning small consistent profits on the […]. Analyzing the forex market with a set of amazing technical indicators allows you make prompt trade decisions.