Horizzontal Scalping is a forex trading system. The system is designed for the scalpers. The best time frames to use with this system are 5 minute and 15 minutes. Any other time frames than this would be mistake. The Horizzontal Scalping is quite a simple forex trading system. Its users can be newbies, intermediate traders, and experienced traders as well. The Horizzontal Scalping consists of plenty of information on the main chart. There are summaries of technical indicators like MACD, STR, and EMA on different time frames. Also, there are the summaries of other indicators like Momentum, strength, and Trend. The Horizzontal Scalping generates the high quality trading signals. Upon applying those high quality signals with complete self discipline, you will be able to make as much money as you want by trading in the forex market. Remember, trading system alone will not guarantee your success in this business. It’s more about yourself, your actions, and the way you think. First of all, get you mind right to become a successful trader.
There are five technical indicators in the main chart window and two other indicators in the indicator window. The Horizzontal Scalping is suitable in a trending market rather than in a ranging market. When the Horizzontal Scalping is correctly installed on your trading platform, your chart should look like this:
- Trend Magic 1
Trend Magic 1 is a technical indicator which consists of four bands. We should open position in the market based on the crossovers of these bands.
CCI stands for commodity channel index. Here, it consists of three oscillators. It can be used to know the strength of the market. We will be buying when the CCI is trending upward and we would be selling when the CCI is trending downward.
Buying Conditions Using Horizzontal Scalping System.
- Market should be above the green oscillator of Trend Magic 1
- The CCI indicator should be trending higher.
- 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 green oscillator comes down to touch other oscillators.
Selling Conditions Using Horizzontal Scalping System.
- Market should be below the green oscillator of Trend Magic 1
- The CCI indicator should be trending lower.
- 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 oscillator rises to touch other oscillators.
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