Simple scalping strategy reddit
| Simple scalping strategy reddit. Welcome to FXGears. Even the big boys understand the market is not predictable beyond 5 minutes. It is actually a scalping strategy developed for traders who prefer short duration trades where they enter and exit the market in a matter of minutes rather than hours. I look for opening range breaks, high-of-day breaks, flags, and modified version of live traders buy set up where I only look to take it for a quick scalp. Theoretically the larger the gap -> the stronger chance of a trend. I have created a TradingView script to backtest and live trade it so you can easily try it for yourself. Micro Trading Strategy with 1 Minute Charts. Gives a chance to know what levels are solid and tradeable for 5-60 seconds. com Rule #1: Apply the Best Scalping Strategy Indicator: Volume. I have a similar strategy that I have found some success with, using confluence and strict barriers to entry, but yeah you're absolutely right. You have to be a step ahead. scalping strategies Scalping is 90% accurate with a win/loss of 1:3 or maybe even more like 1:5. 1st wait for a trend to form 2nd buy the pullbacks 3rd set SL at swing high/low or 25 pips 4th Set a 1:1. Essentially, you make entry based on crossover of some ADX threshold (indicating a strong trend) and the gap between alligator indicator values and your candle. Here's what a simple trading system, in my opinion, should look like. Rule #2: Go to an M5 or M15 Time Chart. This is actually my first ever post on Reddit and I'm feeling generous. Having an edge doesn’t necessarily equate to profitability without discipline and risk management. Scalping strategies require traders to closely monitor the trading station and to open/close a large number of positions. Traders generally build their scalping strategies on a 1-minute chart to a maximum of 15 . com, a trading forum run by professional traders. Now obviously there are some additional confluences are looking for but you will have to go find my youtube video breakdowns as it is to much to breakdown here. Even the simplest strategy requires complex infrastructure to execute. Trade crypto until I have an account worth $25K Start trading stocks. I scalp off specific setups: double-top or bottom, 3 or 4 bar play, and break and retest of support/resistance. Access to accurate data live feed as well as the ability to rapidly execute trades is a necessity for these traders. comments I've been trading on and off for the last few years, mostly just messing around and I've always have gravitated towards the scalping strategy. View community ranking In the Top 1% of largest communities on Reddit. If a successful trader were to reveal their strategy online, I don’t think everyone who trades that strategy will be profitable. waiting for cross down to exit, and I don't even bother using it in a ranging market, only trending markets. 5RR or attempt to trail using the bollinger bands. May 24, 2024 · On the surface, scalping strategies appear simple and more lucrative than swing trading due to the fact that traders have the ability to collect a full day’s profit in just a few minutes. As always - the strategy is pretty simple - 1) we are waiting for a strong trend to form & 2) we are looking for a pulldown below the range filter. My current plan is: Trade on paper account for a few months to get comfortable and learn good fundamentals. What I have found to work for me, is a very aggressive scalping strategy where I rarely hold my trades for more than a minute or two. Scalpers may be high-frequency traders who enter and exit several Scalping is a trading strategy designed to profit from small price changes, with profits on these trades taken quickly and once a trade has become profitable. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. A community to discuss Affiliate marketing (AM,) paid traffic, SEO, email marketing, and more - has now been disabled indefinitely in solidarity with the current Reddit blackout to protest the new rules and regulations by Reddit CEO /spez. We call the indicator the MEERKAT! The strategy is simple. The best way to scalp is to use the higher time frame for analysis, take position sizes that will not cripple your account, following your strategy and stop loss and take profit placement. Being profitable with something like a PATs strategy scalping one point requires a much higher win rate than swing trading supply and demand zones, especially if you trade low amounts of contracts. I am also sharing with you some key tips that allowed me to become consistently profitable. For about a year now I have been trying to find a scalping strategy (1 minute or 5 minute) that has a high win rate and at the same time also provides at least 2-3 trading opportunities in a forex major pair every day. Edit: id like to add that a 50% win rate is quite low for a scalping strategy… it should be up around 70-90%, at least in small cap nasdaqs, i dont know about futures. Apr 10, 2024 · This scalp trading strategy is easy to master. Ema, Rsi, Vwap- with a trend. Rule #3: Analyze the Volume Indicator. Why? Here's a better question: is scalping in any form a reliable strategy? Yes, there are plenty of people who do it. Technical tools used : Jan 8, 2024 · Traders are either scalping in the same direction (a trend-following approach) or in the opposing direction (a contrarian approach). Scalping is more likely to be done watching a DOM so that you can literally watch the ranges being bounced around. In reality, the successful implementation of 1-minute scalping strategies can create unexpected challenges when it comes to both the technical and mental The strategy uses a custom indicator I coded for trading view which is 100% free - just DM me or join my DC link in bio. Prices are driven by trades. Rule #4: Make Your Trading Decision Based on Current Apr 10, 2024 · Scalping is a short-term trading strategy that seeks to profit from small price movements in stocks throughout the day. Today I want to share with you my EUR/USD scalping strategy that has helped me become consistently profitable. My Easy 5 Min Scalping Strategy. This micro trading technique is ideal for those traders who only have a short time to trade the market during each session. That will lead to disastrous financial results and can potentially blow up your account even with an edge. "Scalping strategy targets minor changes in intra-day stock price movement, frequently entering and exiting throughout the trading session, to build profits. See full list on tradingsim. Well, can you guys share with me which scalping strategy you personally follow in between -. The ES is one of the most popular trading vehicles in the world, so scalping it is also common. Profitable strategies can predict the behavior of the simple strategies, and trade based on that. Scalping doesn't mean take a huge position that will eat your account alive. Personally, I prefer the NQ for the volatility. Simple, well-known strategies are going to be the ones that more people are using. Is it easy? That depends entirely on you and how you manage risk. You can be profitable adhering to any proven strategy. The 5-8-13 ribbon will align, pointing higher or lower, during strong trends that keep prices glued to the 5- or 8-bar SMA. You gotta find a method that suits your personality, it sounds like you’re more of a longer hold type of trader so use those strategies for yourself instead. I was doing some digging around on strategies to back test and stumbled upon a very (veryy) simple scalping strategy. Scalping requires large size, small moves and quick profits. I've worked myself up to a $10k position on each trade. I know that a lot of the people here are struggling to find consistency, or to even find a trading system that actually works. Trading the right Stock is 50% of the strategy. It's basically a scalping strategy to grab a small bite of the move, have a PT set vs. I’ve backtested that strategy 16 times now and I’m at the same net portfolio value, if not a little lower, than I was when I started my strategy… What I didn’t account for Detection for the current market trend — max gain and max loss can based on the volatility of the market (affects risk-reward ratio) You gotta find a method that suits your personality, it sounds like you’re more of a longer hold type of trader so use those strategies for yourself instead. oasyg jlb skb ljkehit toibo odi mbi aky aphjfh trmc |