Jurik Scalp Net Trading System For MT4
The Jurik Scalp Net Trading System For MT4 can be used to take the trades in any minute time frame. Usually, expert traders prefer to take trades in 5,15, and 30-minute charts. For the development of this unique trading strategy, Jurik filter, Jurik TTM SSA Bars and Jurik MACD indicator has been used. Though these are not the traditional indicators that we usually find in the MT4 platform, learnings its function is really easy. After extracting the strategy file, you will get the template and necessary indicator. Place them in the data folder of the trading platform and load the template. You should see a simple chart with one indicator panel.
In the main chart, you should see two moving averages and this will be acting as the Jurik filter. This is going to be a key tool for finding the trade signals in the trading instrument. But skilled traders often use the manual method to find the support and resistance level. This reinforces the trade execution process in a significant manner. Finally, the Jurik MACD is used to filter the based trade signals. Many experts have been using this amazing Jurik Scalp Net Trading System to trade the most popular instrument. Since this is going to be a complete guide for this trading strategy, we will also show the advanced technique to pick the right trading instrument for this strategy.
Selecting the trading instrument
When you speak about scalping, we have to be careful about the trade timing. Since the trade is executed considered the short-term momentum of the market, a slight mistake can cost us a big amount of money. That’s why we recommend the retail traders pick the trending asset. By choosing the trending asset, we will be able to trade in the path of least resistance. Being a new trader you should be looking for the trade signals in the major currency pairs only. As you become skilled in trading a particular major currency pair, you can start taking the trades in the most popular exotic pairs.
When you use the Jurik Scalp Net Trading System to trade the exotic pair, you should be extremely cautious about your actions. At times, the spread of the exotic pair becomes extremely wide. So, if you open trades in such conditions, the risk to reward ratio for the trades will be hampered. Before you open any trade in any instrument, you should be certain that the spread is less than 4 pips. Once you start taking the trades in the tight spread trading instrument, you will be able to optimize your trading strategy professionally.
Jurik Scalp Net Trading System For MT4 - Long trade setup
After reading the basic details about the Jurik Scalp Net Trading System, you must have the idea that this system is not hard to use. A complex trading system should never be used to scalp the market. When you rely on a simple technique to take the trades, it becomes easier to make a quick decision in a short time.
And this is most important when you intend to scalp. Now let’s come to the long trade setup process. Look for the bullish cross in the Jurik Filter moving average. This means the brown color moving average will cross above the lime color line. Draw a support level in the 5 minutes or your analytical chart. This support level should match with the Jurik filter support level. Wait for the price to drop to Jurik Filter moving average and look for the doji of the bullish price action signal.
As you spot the rejection at the Jurik filter tool, wait for the big positive bar in the Jurik MACD indicator. This means, the previous bar will be much smaller and it will be very close to the reference line zero. As you spot the sudden big bar right at the formation of the bullish rejection pattern, execute the long order. The stop loss for the trade should be 7-8 pips and the take profit will be 18 pips. In case the volatility is high, you can set the stop loss to 25 pips. But note that you can’t take more than 1% risk while taking the trade with the Jurik Scalp Net Trading System.
Jurik Scalp Net Trading System For MT4 - Short trade setup
Elite traders know the Jurik Scalp Net Trading System has a very high win rate. It improves the efficiency of the system just by using the most basic rules of trading. To take your short, find the bearish cross in the Jurik Filter tool. This means the brown lines will cross below the green line imposing a bearish pressure on the asset. Markdown the resistance level and wait for the bullish correction. The corrective movement in the currency pair will come to its end when it hits the major resistance level.
Locate your bearish price action signal right at the Jurik Filter moving average. After spotting the bearish price action signal, get the data reading from the Jurik MACD indicator. In this case, we will show you a different way to use the bars in the Jurik MACD indicator. If you spot more than 5 consecutive aqua bars on the negative side before the formation of the trade signal, you can take the short trade. Set the stop loss to 7-8 pips and the take profit will be 18 pips.
By seeing the precise steps for using the Jurik Scalp Net Trading System, you might have the feeling that you can secure your financial life. But learning about the theoretical part is always easy but things become complex when you start to deal with the practical industry. So, we recommend the retail traders get a demo account and learn the proper use of the Jurik Scalp Net Trading System. In a demo account, you don’t have to think about the losing trades. So, you can vigorously test this system and master the perfect art of trading.
Successful traders are well aware that they have to manage their trades in a very professional way. that’s why they think about the worst-case scenario before they open any trade with the help of Jurik Scalp Net Trading System. While using this strategy, you should be also aware of the news event. News data can create extensive volatility in the market and this might hunt down the tight stop loss. Try to follow a trading journal all the time so that you can trade with strict discipline and this will save you from overtrading problems.
Jurik Scalp Net Trading System For MT4 - Conclusion
To be an elite trader, you have to follow a professional trading strategy. And those who are looking for such a trading method can rely on the Jurik Scalp Net Trading System. But you should give yourself some time and learn the core function of this indicator used in this trading method. The good thing about this classic trading system is the simplicity. However, you should have the basic skills to draw the support and resistance level manually since the Jurik Filter levels will be matched with the drawn levels.
While taking the trades, stop thinking to make a big profit. Having realistic expectations is one of the key rules to become successful by using the Jurik Scalp Net Trading System. The moment you start expecting unrealistic profit from the market, you will start breaking the rules. As you break the rules, the system will start falling apart causing you to lose orders. Maintain strict discipline while scalping the market and know about the economic news event. Staying yourself updated about the major economic news event can easily protect your capital from big losses.
Download the complete system description and the files here: