XXL Scalping system is a scalping forex trading strategy or system. Like the name suggests XXL system is designed to scalp in the foreign exchange or forex market. The XXL scalping system is unique in some ways and it is very power tool for the scalpers. Wide range of levels of trader can use XXL scalping system to trade successfully in the forex market. XXL Scalping system is found to be more effective in a trending market. I mean the market need not need to trend in the long term charts, it’s okay if the market is trending in 5 minutes chart. Your time frame can be either 1 minute or 5 minutes chart. Since this is a scalping system the time frames used be smaller than 15 minutes chart.
Scalpers have to be really careful during the fundamental releases. It is best to avoid trading when the high impact news is coming out because while scalping you are basically looking for small profits. During the high impact fundamental releases the market becomes too highly volatile and your position might be swept away in a matter of seconds. So best thing about XXL Scalping system is that you will be always updated with the fundamental happenings since the upcoming fundamental are displayed on your chart by the system automatically.
There are many indicators being used in XXL scalping system but we will not be using all of them since they all are not really necessary. The main signal generated by the system is the important thing. When the XXL Scalping system is correctly installed on your trading platform your chart should look like this:
- Semafor Alert
Semafor Alert is a custom made indicator which helps you to make entry in the market. It looks like sun. When you see semafor alert indicator below the price chart with white leaves you should buy and sell when you see semafor alert indicator above the price bars with red leaves.
- Bbands Stop Bar
The customized version of Bbands Stop Bar is used in XXL scalping system. Basically you will se that the Bbands Stop Bar is filled with whether red or blue regions. You should be looking for buy positions when you see blue regions and vice versa.
Buying Conditions Using XXL Scalping System.
- Semafor Alert should appear below the price chart.
- Bbands Stop Bar should be in blue region.
- Place your stop just below the recent swing low.
- Take your profits when a semafor alert appears above your price chart.
Selling Conditions Using XXL Scalping System.
- Semafor Alert should appear above the price chart.
- Bbands Stop Bar should be in red region.
- Place your stop just above the recent swing high.
- Take your profits when a semafor alert appears below your price chart.
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