Trading System, 100 pips, 1 min XII
Time Frames and Pairs
- 1 min, 5 min
- All major pairs
(Works fine on EUR/USD 1 minute timeframe)
Short trades occur when the 100 changes color from Blue to red and 200EMA<365EMA.
Stop Loss
Option 1
Place your stop loss according to the popup alert number.
It is a previous bar high or low + extra number of pips.
Adjust the SL extra number of pips in the indicator INPUTS.
IMPORTANT: Set stop loss for all your trades and do not deviate from it.
Once the trade has touched your stop loss be disciplined and close the trade.
This will protect you from major capital losses.
Exiting Trades
Exit trades when the 100 Pips Daily Scalper issues the opposite trading signal.
This ensures that you trade with maximum profits and right before the market
reverses.
Another exit mechanism which is highly effective is to exit near strong support
or resistance levels. It is a method that generates exits earlier, so you take
profits early.
Never use the indicator on a weak/slow market – outside recommended trading hours ( London or US sessions ).
Scalping signals never work well on a weak market, this has been proven many times…
example:
AGAIN: Never use the indicator on a weak/slow market – outside
recommended trading hours ( London or US sessions ).
Scalping never works on a weak market, this has been proven many times…
The London session is the largest market and opens at 8.00GMT or 3AM EST
and closes at 17.00 GMT or 12 PM EST. Trading is best between
7.00GMT and 10AM GMT.
The New York session opens at 13.00 GMT or 8 AM EST and closes at
22.00GMT or 5 PM EST. The best trades occur in the first 2-3 hours.
IMPORTANT: It is extremely important to trade only following a current
trend! It will cut ALL bad trades! Never place a trade against a trend.
Example: If the current trend is up and the indicator
shows “BUY” signal – place a trade.
If the current trend is up and the indicator
shows “SELL” signal – NO TRADE! Wait for the next “BUY” signal…
Stay away from using the signals and open trades on unclear trends or
