We are going to share best scalping strategy. It’s very easy & simple strategy which can be use for forex & stocks. We will use only 2 simple indicators for this strategy. You can use this strategy for Gold also. People use scalping strategies for quick profits, they don’t hold their trades for long time. You don’t have to wait for hours to get the profit. For scalping you need to be very disciplined as you will have to keep monitoring your trades. Because sometimes have very quick and sharp move specially on gold one M5 bar can make you 50-70 pips easily. Let me explain the strategy now.
Timeframes for Best Scalping Strategy
- M5 & M15
Indicators To Be Used For This Strategy
- MACD : Fast ema: 34 , Slow Ema: 144 , Macd Sma: 1
- RSI : Period 7 ( Level 70 , 30)
Platform Can Be Used
- MT4/MT5 , Trading view, think or swim
Rules For Sell
- MACD bars should below 0 line.
- RSI should be overbought ( touching level 70 )
- When both condition met will take sell position as shown in the above picture.
- Stop Loss 20 Pips
Take Profit minimum 20 Pips & if you have 2 positions you can hold one & tp one position.
Rules For Buy
- MACD bars should above 0 line.
- RSI should be oversold ( touching level 30 )
- When both condition met will take buy position as shown in the above picture.
- Stop Loss 20 Pips
- Take Profit minimum 20 Pips & if you have 2 positions you can hold one & tp one position.