Scalping Velocity Market Trading System For MT4
The Scalping Velocity Market Trading System For MT4 is a popular scalping system mostly used to trade the London and New York trading session. The strategy is extremely easy to use and any level of traders can start making a decent profit by following the key steps of this guide and basic money management rules. SSTCalc Long, SSTCalc Short, and Rebellion Evolution are the three prime indicators used to construct this unique scalping system. As the name suggests, you might have already guessed the system analyzes the velocity in the price movement to determine the potential trade signals. But to maximize your potential earnings while using the Scalping Velocity Market Trading System, you need to have decent knowledge about the support and resistance.
The strategy usually displays the major support and resistance level with the help of the SSCalc long and SSCalc long indicator. Professional usually draws the support and resistance line in the M30, M15, and H1 chart. So, if the SScalc indicator level matches with your manually drawn level, chances are very high that you will be able to execute trades maintaining high standards. And if you use the Nepticks template, you can look for the trade signals by analyzing the colored candles and EMA bands. In this guide, we will teach you the perfect way to use the Nepticks and scalping velocity market template. Prior to that, let’s see how the expert select their trading instrument while using the Scalping Velocity Market Trading System.
Selecting the trading instrument
Many experts believe that selecting the right trading instrument holds the key to success. Though the Scalping Velocity Market Trading System uses two different templates the currency pair selection process remains the same. Since the trade will be executed with a short profit target, it is important to select the asset which has a tight spread. So, traders usually go for the EURUSD, GBPUSD, and USDCAD pair. But looking at the spread factor is not enough. You need to choose an asset that is already in the trend. By taking the trades in the trending asset we can significantly reduce the risk and trade with more confidence.
At times, the news event can alter the dominating trend within a fraction of a second. To protect the capital, you must be taking the trades by evaluating the news hours. Since the trades will be executed in the lower time frame and the short term movements will be prioritized, you can still take trades by using the Scalping Velocity Market Trading System 1 hour before the news release. But if the trade fails to hit the stop loss or take profit level in the next 50 minutes, you should close the trade to protect your balance from unexpected swings in the market.
Scalping Velocity Market Trading System For MT4 - Long trade setup
The nepticks template will be used to take our long trade. The EMA 50 bands can give you a unique direction of the trend just by changing its color. When the trend is up, it will be colored in green and during the bearish trend, it will be colored in red. In an uptrend, wait for the price to fall towards the green ema. The blue square marking should appear below the chart showing the price is ready to move to a new high. Once you have received the signal from the SST Calc long indicator, you can prepare yourself to take the long order. Evaluate the news hours release and finally open the long trade with 1-2% risk.
After you have taken the long trade, set the stop loss to 10 pips and the take profit will be 20 pips. In case the average daily volatility for the major asset is greater than 70 pips, you can set the TP to 30 pips. But make sure you close the trade right before any high impact news. Though the Scalping Velocity Market Trading System has a very decent win rate still you should follow the basic rules of money management. Breaking the rules and taking trades with high risk can blow up your trading account in no time.
Scalping Velocity Market Trading System For MT4 - Short trade setup
For the short order, we will be using the Scalping velocity market indicator. While using this template, we have to manually draw the resistance level in the M15 or M30 chart. In case the volatility is very high, we can analyze the H1 chart. Wait for the red and yellow square mark above the candlestick. Once the SST Calc short gives you the signal, you should match that square level with the manually drawn resistance level. Finally, have a look at the De Munyuk indicator. If it is red in color, you can take the short trade without giving any second thought.
Scalping Velocity Market Trading System For MT4 - Conclusion
To be a professional trader, you must act like them. The experts never expect to win money from most of their trades. Instead, they focus on their risk to reward ratio factor. Though the basic rules are the following 1:2 risk to reward ratio in each trade but can actually trade with 1:3+ risk to reward ratio. But make sure you are not keeping the trades open for more than 2 hours. After using the Scalping Velocity Market Trading System for more than six months, you will slowly realize the proper way to increase the risk to reward ratio in the trades. Never rush with this system since an aggressive attitude always causes big trouble for the trades.
Professional currency traders know the exact way to manage the risk profile. They never push themselves to the limit since they know it will cost them money. If you want to keep your account balance protected, you must learn to deal with the aggression in a very systematic manner. Try not to overload your mind by thinking about too many variables. Use the techniques mentioned in this article and you will definitely do well.
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