Easy Scalping Strategy For MT4
Table Of Contents:
- Easy Scalping Strategy For MT4
- The Easy Scalping Strategy For MT4 – Long positions
- The Easy Scalping Strategy For MT4 – Short positions
- Is the Easy Scalping Strategy For MT4 profitable?
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 Easy Scalping Strategy For MT4 is a shocked I'm scalping forex trading strategy. Trading is primarily based off the up and down arrows plotted on the price chart and the trend gauge indicators that you see in the sub windows of this trading system. Due to the fact that there are highly customized indicators not much is known on how these indicators work. As a result, traders are left with just the arrows and the trend signals in order to trade using the easy scalping strategy.
On the main price chart, we have an indicator called AFS. This is a custom indicator that uses a set of customized para meters this indicator is responsible for plotting the comments on the top left corner of the chart. The details that you see here include the currency pair that you are trading the current signal the trend power and the time for the next candlestick session to close.
On the price chart you also see the up and down pointing arrows. This also belongs to the AFS indicator. By quickly scanning through the price chart based on the visual signals given by this indicator we can confirm that it is not recommended to only rely on these directions given out by the AFS indicator. It would be wise for traders to add an additional indicator such as moving averages or even price channels in order to further strengthen the usage of the easy scalping strategy.
In the first sub window of the easy scalping strategy we have another custom indicator called the trend filter indicator. This indicator plots the histogram and depending on the trend it can change colors from red to green or vice versa. The trend filter indicator also comes with a couple of custom settings, but we do not recommend that you make any changes. In the second sub window of the easy scalping strategy we have another oscillator called the deep bar indicator. This indicator also plots the histogram in red and green bars thus, showing the trend direction.
A combination of the above 3 indicators is what makes up for the easy scalping strategy. Looking at the choice of indicators and the signals we can determine that this is a trend following strategy. However, the AFS indicator can give signals within the trend. Therefore, traders can trade multiple times within the same trend. As with any trend following indicator one of the biggest drawbacks of the easy scalping strategy is the fact that when the markets are ranging the easy scalping strategy is prone to giving false signals.
We therefore recommend the trader should also pay attention to the trends. For example, if you trade one of the late entries within the trend there is a good chance that price action will reverse quite promptly. This can lead to your long positions for example being stopped out or vice versa.
In terms of giving an edge the easy scalping strategy does not do much due to the choice of indicators that are used. As a result, traders need to be extremely cautious when using this trading strategy. Let's now take a look at how you can trade long and short positions using the easy scalping trading strategy for forex.
The Easy Scalping Strategy For MT4 – Long positions
In order to take long position using the easy scalping trading strategy, look for price to be trading near the lows of the chart. Following this wait for price action to make a modest retracement to the upside. After you see this typically price makes a move back to the downside. As a result, what you get is a short-term swing high.
Now, set your long position with the pending order near the swing high that was formed. After the second low that is formed you can then set your stop loss to this level. Wait for price action to break out past the previous swing high that formed which will trigger the long position for your trade.
At this point you should start to see the trend filter indicator and the deep bar indicator both showing green. Note that it is not very often when both the indicators change the direction at the same time. There for a bit of subjectivity is required.
Finally, depending on the risk that you have taken you can set your take profit with the one is to three fixed risk to reward ratio. However, when the trends are strong there is a good chance that price action will continue moving in the same direction. Therefore, we recommend that you split your positions and leave the remainder of the trade to follow the trend. This means that you will need to move the stop loss levels accordingly.
The Easy Scalping Strategy For MT4 – Short positions
For positions, look for price to be trading near the highs of the chart. Following this wait for price action to make a modest retracement to the downside. After you see this typically price makes a move back to the upside. As a result, what you get is a short-term swing low.
Now, set a pending short order near the swing low. After the second high that is formed you can then set your stop loss to this level. Wait for price action to break out past the previous swing low that formed which will trigger the short position for your trade.
At this point you should start to see the trend filter indicator and the deep bar indicator both showing red. Note that it is not very often when both the indicators change the direction at the same time. There for a bit of subjectivity is required.
Finally, depending on the risk that you have taken you can set your take profit with the one is to three fixed risk to reward ratio.
Is the Easy Scalping Strategy For MT4 profitable?
In conclusion, the easy scalping strategy is a fairly simple forex trading system. While this trading strategy can be recommended for beginners, we cannot expect to see guaranteed results all the time. There is a bit of subjectivity involved when trading with the system. Therefore, traders need to bear this in mind and decide whether they want to use this trading strategy or not.
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Partially Automated Trading Besides Your Day Job
Alerts In Real-Time When Divergences Occur
