DDS Scalping System is a forex trading system. It is a scalping system. Scalping refers to the very short term style of trading. Scalping can be dangerous when not done in proper manner. There are many things one should know before even thinking of scalping. Scalping is done using various methods and forex trading systems. While some prefer to use clean price action method to scalp in the market, majority of the people scalp on the basis of technical indicators. Scalp is a tough trading style and it is not recommended for the beginner traders. Only those traders who can control their emotions and trade with high level of self discipline can be successful scalper.
Scalping is grabbing small profits from small changes in price not making more money in short period of time. Many newbies fall in to this trap. They think that scalping means making higher gains in shorter period of time. Money management comes in to play in this regard. Trader should know how much he/she is willing to risk in a trade before even getting in trades. One should act immediately if the price goes against the forecasted direction instead of holding losing trades for too long.
When talking about DDS Scalping System, there are four indicators in the indicator window and one indicators in the two indicator windows. When DDS Scalping System is installed in a correct manner, your chart should look like this:
Although there are many technical indicators used in DDS Scalping System, we will focus only on three indicators to make our trading decisions. Those three indicators are described below:
- Fx Glow Target Bands
Fx Glow Target Bands indicator is the yellow moving average that you can see on the main chart window. You can use this indicator to determine the direction of the market. When the price is above this indicator you can assume its an uptrend and vice versa.
- Forex Strategist SR
This is the white and yellow line that you can see on the chart. White lines indicate the buying signal while the yellow line indicates selling signal.
- Bressert Scalper Improved
This indicator consists of an oscillator which changes its color to blue and pink. Blue color refers to buying while pink color refers to selling.
Buying Conditions Using DDS Scalping System.
- Price should be above the Fx Glow Target Bands
- Fx Strategist SR should appear below the price level.
- Bressert Scalper Improved should be blue.
- Place your long positions as soon as above conditions are met.
- Place your stop loss just below the recent swing low.
- Take your profit when a yellow Forex Strategist SR
Selling Conditions Using DDS Scalping System.
- Price should be below the Fx Glow Target Bands
- Fx Strategist SR should appear above the price level.
- Bressert Scalper Improved should be pink.
- Place your short positions as soon as above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profit when a whiteForex Strategist SR
Download Free Forex DDS Scalping System