Sorry guys.. lambat skit update.. almaklumlah.. bz byk kerja..
Lastet system:-
Simple basic scalping method using basic indicator.
M1 Simple Scalping Style :
Currency: GBP/JPY , EUR/JPY or USD/JPY ( Tested Live with GBP/JPY , EUR/JPY or USD/JPY )
Timeframe: 1M, 5M, 15M
Indicators: 3 sets of bollinger bands
TP :
5-10 Pips
1) Period 50. Deviation 2 (RED)
2) Period 50. Deviation 3 (Green)
3) Period 50. Deviation 4 (Blue)
Picture
Entry Rules :
Sell
When price crosses the upper red band , at least half way to the blue band (if it gets to the green band is better but not as usual) Then the price will tend to retrace towards the center of the bollinger bands, you profit form this retracing.
Buy
It is the same as selling, the difference is that we will wait for the price to range between the lower red and blue bands, and trade the retracing towards the center.
Tips: Do not trade on ranging ,or quiet markets, do not trade previous to news releases. Great system to trade between opening of london session and the closing of the japan session.
Stop Loss: since this strategy requires you to look at the screen (remember this is the 1M time frame) I tend to have two kinds of stops: time based and loss based but for me.. i dont use stop loss
).Since you are trading a very tight time frame your stops should also very very tight. Sometimes, you will profit from a 3 minute trade and you wont be able to set a proper S/L. So your stops will be given to you by your money management system..
Time based: Try and figure out how long will it take the market to get in your expected direction, if the time that you planned is already due, then close the order. No point on waiting for a loss...
P/S : Try this first with your demo account and trade at your own risk
