Stochastic on jurik Smooth Scalping System For MT4

Stochastic on jurik Smooth Scalping System For MT4

The Stochastic on jurik Smooth Scalping System For MT4 is a forex trading system that is best suited to scalp the forex markets on a 5-minute chart. As the name suggests, the main driver behind this trading system is the Stochastic on Jurik indicator.

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The number of oscillators in the Stochastic on Jurik smooth scalping trading system is just two. The main oscillator sits in the sub window. This is a combination of the Stochastics oscillator which is based on the Jurik smooth system. Buy and sell signals are generated from this oscillator alone.

On the price chart, we have the daily pivots indicator. This indicator plots the pivot levels and the immediate support and resistance levels that are formed on the intraday. These pivot levels work as potential buy and sell entry points and the main pivot acts as the take profit level.

Due to the fact that this trading system works on the smaller time frame, traders need to be quite in trading. One should also pay attention to the spreads that might come along which might potentially impact the stop loss and take profit levels.

Therefore, the Stochastic on Jurik smooth scalping trading system is best suited for trading on major currency pairs where the spreads are relatively lower comparing to other currency pairs.

Traders should also note that during volatile times, the Stochastic on Jurik smooth scalping trading system might be ideal as widening spreads can potentially disrupt you trades unless the take profit and stop loss levels are relatively far away.

Still, the overall look and feel of the Stochastic on Jurik smooth scalping trading system is good and this is quite a relatively stable intraday scalping trading strategy. Let’s now take a look at how you can buy and sell using the Stochastic on Jurik smooth scalping trading system.

Stochastic on Jurik smooth scalping trading system – Long positions




The long position example when trading with the Stochastic on Jurik smooth scalping trading system is outlined here. Firstly, switch to the 5-minute chart. Then, wait for price to near one of the support levels as pointed out by the pivots indicator.

At this point, we should see the Stochastic on Jurik smooth scalping oscillator to make a bullish crossover. This means that the stochastics indicator should cut across the jurik line on the oscillator. This triggers the signal to go long in the markets.

You can either enter a buy order at market or wait for the next candlestick to open. Set your stop loss to not more than 5 pips from the low of the candlestick that formed at or prior to taking the long position. Once your trade is set with the entry and stop loss, use the daily pivot indicator to set your take profit level.

You can do this by looking at the main pivot line. This becomes your take profit level. You can also split your position in such a way that you can set your first take profit level near the mid pivot line and followed by the second take profit level near the upper resistance level which is after the mid pivot line.

Stochastic on Jurik smooth scalping trading system – Short positions




An example of a short position when using the Stochastic on Jurik smooth scalping trading system is outlined here. In this trading system, we trade only on the 5-minute chart. Firstly, you must wait for price to near one of the resistance levels as pointed out by the pivots indicator.

At this point, we should see the Stochastic on Jurik smooth scalping oscillator to make a bearish crossover. This means that the stochastics indicator should cut across the jurik line on the oscillator. This triggers the signal to go short in the markets.

You can either enter a sell order at market or wait for the next candlestick to open and then go short. Set your stop loss to not more than 5 pips from the high of the candlestick that formed at or prior to taking the short position. Once your trade is set with the entry and stop loss, use the daily pivot indicator to set your take profit level.

You can do this by looking at the main pivot line. This becomes your take profit level. You can also split your position in such a way that you can set your first take profit level near the mid pivot line and followed by the second take profit level near the lower support level which is after the mid pivot line.

This is where you would be booking your second take profit area. Note that you should account for potential rebound in prices. Therefore, the moment your initial take profit is hit, move your stop loss on the remaining trade to break even.

Is the Stochastic on Jurik smooth scalping trading system good for trading?


The Stochastic on Jurik smooth scalping trading system is an intraday scalping strategy. As a result, traders should be very focused on their trading. Those with a full time job might find it difficult to consistently trade and make profits with this trading strategy.

The Stochastic on Jurik smooth scalping works well when the markets are relatively volatile. But we recommend not use this trading system when the markets are very volatile such as around the times during a major news release. This can lead to widening spreads and could potentially stop out your trade prematurely.

The Stochastic on Jurik smooth scalping trading system is limited to only major currency pairs. If you try using this trading strategy on longer time frames, there is a possibility. But for this, you will have to make use of the weekly pivots in order to set the take profit and stop loss levels.

Overall, the Stochastic on Jurik smooth scalping trading system is relatively easy to trade and use. The learning curve is quite quick and beginners will also find it easy to trade with this method.

Download the complete system description and the files here:

FREE Stochastic on jurik Smooth Scalping System

Download the FREE Stochastic on jurik Smooth Scalping System for MT4.

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