ITMS Scalping Strategy For MT4
The ITMS Scalping Strategy For MT4 is the ultimate edge that can be used in stocks and the Forex market. The scalping system is very sophisticated and we have used different protocols to use different kinds of markets.
But for this edge, you will get classic signals in Forex majors and minor pairs. You can trade major stocks and cryptocurrencies. Two simple fast moving average, MACD customized and Oscillator Stochastic are three simple tools that we will be using. As the strategy focuses on the main elements and simple techniques, it becomes easier for us to trade any form of the financial market. The strategy comes in the form of a template and investors having experience of any level can use this structured format.
Most people consider the steps from the main chart while using an edge. In this system, we do have to follow a different technique. Following the standard sequence is never going to work. Orthodox steps will be taken for taking the reading from the template. But this should not become a key cause for the frustration as this guide will teach you every single detail.
But one thing you must consider is the time frame. This is a scalping method and it is important to choose the minute 5 or the 1-minute chart. People who have more than 4 years of trading experience may take advantage of the 1-minute chart.
Or else, the 5 minute time frame would be the best time frame for doing the key analysis. Read the steps and follow it accordingly and you can expect to win 85% of the time.
ITMS Scalping Strategy For MT4 Long trade setup
Very few traders know to analyze the ITMS breaker curve. The ITMS breaker works more like a stochastic signal line and it is at the bottom part of the chart. The position of the red and yellow signals must stay in the buying zone. The buying zone is marked in the 0 to 20 level. After you find the buying state of the asset, it’s time to move to the main chart. At the MA 2 signal V2, we have to find the buying signal. The red signal line is relatively fast and it should push above the blue line.
The bullish cross will be confirmed once you get a blue arrow right below the junction of the cross. Now comes the tricky part. At the ITMS breaker 60-second indicator, you should notice a gradual shift in price momentum. To define the bullish momentum in this advance tool, the bars in the ITMS breaker 60 breakers should gradually decrease in length.
And the bars will be on the negative side. Open your long trade with a stop around 7-10 pips. But setting up such tight stop loss might seem that you are taking too much risk. But in reality, you are taking the right steps. It’s not about using the big stop loss rather it's finding the perfect price to trade so that you can reduce the stop to improve your winning chance.
ITMS Scalping Strategy For MT4 Short trade setup
We are going to teach you a different method to take a short trade. In the past, we used the ITMS oscillator to find an extreme zone. But now, we will be using the momentum. The signal lines should be sharply falling when we open the short trade. For the MA 2 Signal V2 indicator, the bearish cross should be vivid. The red line must fall below the blue line and the red arrow should confirm the sellers have taken into action.
But we are not ready to short the asset. At the ITMS bars, we must see a Signiant decrease in the sizes of the bars on the positive side. If the bar is not decreasing in size, the market momentum is not changing. For our safety, we have to follow a safe protocol to open the trade. As the condition gets filled, we have to evaluate the news timing.
If you have any news factors upcoming in the next 5 minutes, opening up the new short order is going to be a big mistake. You have to choose a stable asset or and stable time. So, it’s important to learn about trading hours and major news. Some you can get lucky by taking trades in news but luck is something that you should never look for a trader. This is a scalping system and we must be prepared to deal with all kinds of odds.
Bringing some change to the system by introducing the concept of the price action pattern would be a great idea. But for that, you have to open yourself up to take the trade in the demo platform. Unless the demo platform is used in a significant manner, you won’t be earning any money and most of the time you will regret your decision.
Managing the trades
Before you worry about trade management, you must be connected to this market. That means you must know how the shift in momentum takes place and create new opportunities for investors. It’s not going to be as easy as the historic price movement must be studied. It will consume your valuable time but getting used to the price pattern by studying historic movement gives significant advantages.
For the stop loss, never change it even though you may have a chance to turn a bad trade into a good one. The stop loss is a scalping system that is more like a safe break. If you change it, you are damaging the safe break and ultimately putting your capital at risk. In each order, the risk factor should be only 1%. If you intend to change to a risk factor more than that, you better be careful about the losses.
Losing more than 3% in one trading session or day is not going to make you emotionally stable. Traders with years of experience can’t handle such stress. So, lower the risk in the trade and when you are down by 2%, take the day off. Lastly, you must not forget the important factors like news timing, RR ratio, and self-confidence while using this edge.
Download the complete system description and the files here: