50 pips Daily Scalping is a forex scalping system. Forex Scalping system is the kind of forex trading system that you can count on. This forex trading system is the perfect system for the scalpers. The 5 pips Daily Scalping system can be used to trade in time frames like 1 minute and 5 minute. When you scalp with 50 pips Daily Scalping you should consider many other factors which are not in this forex trading system. You should consider things like economic news events and currency pairs you trade. You should not be trading during the high impact news events. And you should not trade with those pairs which have higher spreads.
When you install 50 Pips Daily Scalping trading system in your trading platform, your chart should look like this:
- Moving Averages
There are two moving averages used in this forex trading system but it’s not mandatory to use them because we have better tools out there.
Kazi is the technical indicator which is like moving average that you see in the main chart. You do not have to use this indicator in order to make decision.
Arrows are the main indicator of this forex trading system. When you see a green arrow pointing upward it’s a buy signal and when you see a red arrow pointing downward it’s a sell signal. Remember the market has to be trending in order to make decisions. you should be buying only when the market is trending upward and vice versa.
Buying Conditions Using 50 Pips Daily Scalping.
- The market should be up trending.
- The green arrow should appear below the market.
- Place your long position as soon as above conditions are met.
- Place your stop loss just below the recent swing low.
- Take your profit when the red arrow appears above the market
Selling Conditions Using 50 Pips Daily Scalping.
- The market should be down trending.
- The red should appear above the market.
- Place your short position as soon as above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profit when the green arrow appears below the market
Download Free Forex 50 Pips Daily Scalping Strategy
Our community traders work with XM.com brokerage company. If you are thinking to open demo or real forex trading account we recommend XM. They currently offer up to 5000$ bonus on your deposit find details below: