• Home
  • About
  • Contact

Forexobroker

Download Our Forex Strategies and Indicators

  • Daily Forecast
  • Tradingview Tools
  • Courses
  • Metatrader 4 Indicators
    • Free Metatrader Indicators
    • Paid Metatrader Indicators
  • Metatrader 4 Systems
    • Free Metatrader Systems
    • Paid Metatrader Systems
  • EA’s
    • Paid Expert Advisors
  • Forex Brokers

Extreme Scalping Modified Trading System

May 5, 2015 by Dominic Walsh Leave a Comment

This scalping strategy was made available for online forex trader, for free download, by Max. The system is for use when trading the major currency pairs. When using it the trader has to ensure that they are using one minute to 5 minute timeframes only. Use of less tight timeframes may not give the right results since the signals will a bit be noisy.

Then choose the right major pairs depending on their spread. The spread should be preferably 25. When trading it is always a good practice to use the candlesticks. Therefore it is upon you to change from the bar chart that the template that this scalping system comes with to candlesticks. You do this by first opening the template on the chart window of the currency pair that you have chosen to trade and then clicking on the candlestick button on the top of the Metatrader platform.

The Extreme scalping modified Trading System is based on four trading indicators namely the Gann Hilo indicator, DSS Bressert Indicator, the Carmens eyes Indicator and the LSMA (68) indicator.

extreme scalping modified Trading System showing the template

Fig.showing the components of the Extreme scalping modified Trading System template.

When you look at the above templte you will be able to notice that there are two Carmens Eyes indicator.one is black while the other is yellow.

The only indicators that change their color here are the DSS indicator and the LSMA indicator. Howver the color change that is most significant during trading is that of the DSS indicator.

While using this trading system to scalp the returns are almost 100% profits. It is weel visible from the above figure that the change of the DSS indicalotr color is so perfect in response to the slightest market price change.

When is the right time to open trades while using the Extreme scalping modified Trading System?

The trader should open a buy position when the market prices move above the Gann, M5 and M5 Carmens Eyes and LSMA (68) indicators. Also the Gann Hi-Low indicator should have changed its color below the 20 line level.

For the short positions, the opposite of the buy order applies. The order is placed when the market prices move below the Gann, M5 and M5 Carmens Eyes and LSMA (68) indicators. Also the Gann Hi-Low indicator should have changed its color above the 80 line level.

extreme scalping modified Trading System opening trades using

Fig.how to use the Extreme scalping modified Trading System in trading.

If you look closely at the market on the Extreme scalping modified Trading System template, you will realise that the indicators used are so perfect in indicating the signals of when to buy and when to sell.

The trader should be very careful not to trade when the PA is between the M1 and M5 Carmens Eyes indicator.

Then the trade should be closed when there is a change of the color of the DSS Bressert indicator. When using this system to scalp you are almost not scalping. You don’t have to close your trades when a certain amount of pips have been covered. You actually wait for the indicators responsible to give the signal to close the trades. Therefore you have to be very alert.

Open demo account to test this system.

Download Free Extreme Scalping Modified Trading System

Download Extreme Scalping Modified Trading System

Filed Under: Free Metatrader Systems Tagged With: dots indicator, line indicator

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Email
  • Facebook
  • Instagram
  • LinkedIn
  • Pinterest
  • RSS
  • Twitter
  • YouTube
Forexobroker

Archives

  • February 2023 (1)
  • January 2023 (6)
  • December 2022 (7)
  • November 2022 (19)
  • October 2022 (20)
  • September 2022 (27)
  • August 2022 (13)
  • July 2022 (4)
  • June 2022 (2)
  • May 2022 (2)
  • April 2022 (3)
  • March 2022 (5)
  • February 2022 (3)
  • January 2022 (5)
  • December 2021 (1)
  • November 2021 (3)
  • October 2021 (3)
  • September 2021 (2)
  • August 2021 (1)
  • July 2021 (1)
  • June 2020 (7)
  • May 2020 (6)
  • April 2020 (7)
  • March 2020 (7)
  • February 2020 (10)
  • January 2020 (3)
  • November 2019 (1)
  • September 2019 (3)
  • August 2019 (3)
  • June 2019 (1)
  • December 2018 (1)
  • November 2018 (4)
  • October 2018 (9)
  • September 2018 (11)
  • August 2018 (5)
  • July 2018 (6)
  • June 2018 (3)
  • May 2018 (6)
  • April 2018 (2)
  • March 2018 (9)
  • February 2018 (8)
  • January 2018 (10)
  • December 2017 (10)
  • November 2017 (14)
  • October 2017 (3)
  • September 2017 (3)
  • August 2017 (13)
  • July 2017 (25)
  • June 2017 (21)
  • May 2017 (20)
  • April 2017 (21)
  • March 2017 (15)
  • February 2017 (16)
  • January 2017 (18)
  • December 2016 (11)
  • November 2016 (21)
  • October 2016 (63)
  • September 2016 (24)
  • August 2016 (22)
  • July 2016 (16)
  • June 2016 (16)
  • May 2016 (16)
  • April 2016 (23)
  • March 2016 (29)
  • February 2016 (22)
  • January 2016 (22)
  • December 2015 (29)
  • November 2015 (28)
  • October 2015 (29)
  • September 2015 (41)
  • August 2015 (52)
  • July 2015 (47)
  • June 2015 (55)
  • May 2015 (50)
  • April 2015 (58)
  • March 2015 (22)

  • Home
  • About
  • Contact

Categories

  • Daily Forecast
  • Tradingview Tools
  • Courses
  • Metatrader 4 Indicators
    • Free Metatrader Indicators
    • Paid Metatrader Indicators
  • Metatrader 4 Systems
    • Free Metatrader Systems
    • Paid Metatrader Systems
  • EA’s
    • Paid Expert Advisors
  • Forex Brokers

Visit Our Forex Strategies And Forex Indicators Below:

Forex Trading Strategies

Free Forex Indicators

Paid Forex Indicators

Paid Forex Strategies

“Our order process is conducted by our online reseller Paddle.com. Paddle.com is the Merchant of Record for all our orders. Paddle provides all customer service inquiries and handles returns.”

© 2015-2023 Forexobroker

Copyright © 2023 · Magazine Pro Theme on Genesis Framework · WordPress · Log in