Ultra Profit Scalping Strategy For MT4
Table Of Contents:
- Ultra Profit Scalping Strategy For MT4
- Ultra Profit Scalping Strategy For MT4 Long trade setup
- Ultra Profit Scalping Strategy For MT4 Short trade setup
- Trade management technique
Please note: This strategy was publicly published in the trading community and is free to use. We do NOT make an attempt to decide if this strategy is profitable or not, because we know that the major factors regarding trading results are the skills/experience of the trader who executes the strategy. Therefore, we are mainly explaining the components and rules of the strategy. If applicable, we are highlighting advantages, disadvantages and possible improvements of the strategy.
The Ultra Profit Scalping Strategy For MT4 provides powerful techniques for traders who want to earn the reputation of a professional scalper. Scalping is not an easy job and you should not expect to win trades easily. People who are good at analyzing the trade setup in a lower time frame and can book profit with great ease are known as the professional scalper.
There is a misconception among the traders, scalping is designed only for the experts. But this is not all true. Anyone can become a scalper in this modern world as we can get a robust trading method in template form. Bands, Super-fast EMA, Support, and resistance as the target, Channel trend, EMA 9, Flat pulse, deviations 2.0, Kelt pro 20, kelt factor 1.5, mom, STC color (10, 23, 50) and Slow stochastic (20, 4, 5) is used as main indicators.
You should never get biased with such a long list as the settings will be curated in the main chart with a simple template. Before you dive into the scalping method, we will enlighten you about the importance of timing. Scalping is a powerful way to improve the growth in your equity curve. As the growth is somewhat exponential, you must be careful enough to take the trades with low risk.
Unless you chose to trade with low risk, the frequent execution of the trade may result in a series of losses. People who have less skill in the investment world don’t know and will power to withstand such losses. So, it is important, you chose to trade with a 1% risk. We will discuss the things in detail in the trade management portion. For now, let’s learn about short and long order.
Ultra Profit Scalping Strategy For MT4 Long trade setup
Formulating the long trade with this edge is a very simple task. The bunch of red and blue lines is going to act as a strong trading zone. Usually, it will work as a trend line or channel tool which gives powerful points to open trade. For the long, you need minimum of 3-4 black arrows pointing up.
The black arrow will form at the blue line that provides the support. To open the trade, a strong bounce at the aqua color line is required. The bounce in the aqua color line will suggest the price will go to a new high. Have a look at the flat pulse indicator and you should see a series of green histogram bars.
The green histogram bar will tell you to open the long trade with a tight SL below the low of the candle. In case, you chose to take trade in the volatile asset, you can set a buy limit order at the aqua band. The stop loss for the buy limit will be 12-14 pips and the take profit will be more than 30 pips. But to be on the safe side, thousands of traders are using 28 pips as the standard TP distance.
Though the system can help you to win most of the trades, you must be cautious about the losses.
Ultra Profit Scalping Strategy For MT4 Short trade setup
For the short, we will teach you how to open trade at the green band. The aqua band is the mid-band and the SL is not tight when the aqua band is used. In case you open the trade at the green band, you can set SL of 7-8 pips and take the profit will remain the same.
The greenish band should merge with the red line and it will impose a strong barrier for the rally in the price. A downward arrow will also appear at the greenish band. Note that, we don’t require three downward arrows for the trade that is taken at the top band. But the top band must match with the red lines to consider the reversal is valid.
The color-changing the line in the Flat Pulse indicator will be above the 90 levels and this should give you a clear idea about the perfect place to short. Note the color of the Flat Pulse indicator will change to red when you see the black arrow. The bars in the Flat pulse indicator will also turn red indicating the sell setup is authentic.
The short trade should be taken with less than 2% risk. In case you want to trade with higher risk, it will be very dangerous since you never know how to manage the risk profile most efficiently. Elite traders often trade with big volume and boost up the equity curve with a powerful thrust.
But taking such thrust by increasing the lot size is a bit risky for the novice trader who has less knowledge and skill about the market. Let’s learn more about money management so that we become good at analyzing the essential elements of trading which directly control the profit potential.
Trade management technique
To manage the trade while using a scalping strategy, you have to be super cautious about the timing. It will be only possible when you have learned to manage the emotions. Managing the emotional stress at trading is a very risky task and people don’t have the clear knowledge to control it.
We spent too much time learning the key metrics of a new system but we never have the time to focus on our mental development. Read books on psychology and prepare your mind to accept losing trades. Without having the strong ability to lose the trade, it will be a very challenging task to overcome the obstacles and you will lose money most of the time.
The novice investors should use the scalping edge just with a 1% risk. After they know what it feels like to lose a few trades, they can take risks according to their risk acceptance level. But investors who are trading with big volume and have access to big capital should lower down the risk less than 1%.
The bigger the size of the capital, the lower risk you should take as a trader. Gain knowledge on the scalping system and you will know why bigger capital requires lower risk. Lastly, never think of breaking the rules or ignoring the steps as it will create faults in the system.
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