Scalping method number 1:
SELL Rules:
- The last candle must be the highest candle among the 5 nearest candles.
- The last candle should be a bearish candle.
- Stoploss is on top of the last candle with a few pips.
- Take profit at least about 10 pips.
BUY Rules:
- The last candle must be the lowest candle of the 5 nearest candles.
- The last candle should be a bullish candle
- Stoploss is below the bottom of the last candle a few pips.
- Take profit at least about 10 pips.
Note:
- You do not need to use any indicator to provide additional support, if necessary, you can confirm by BBs.
- Apply capital management rules
- We can use this method to scalping on 5 min, EU pair, but also trade on other currency pairs or other time frames
- Last note, always trades according to the trend, because it is the safest and most accurate way to make a profit. Limit trading in a reverse trend, it is not beneficial for us.
Below is an example
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