The scalping secret is a forex trading strategy which is specially designed to scalp in the market. Scalping is trading for short period of time. Scalping has both advantages as well as disadvantages. We must also accept the fact that scalping really consists of high amount of risk since market can move against us in any time. And the high uncertainty in the market will highly affect the scalpers mostly. Only few traders are able to scalp in the market profitably for the longer period of time because other traders can’t manage their emotions and they do emotional trading which is really bad for traders and especially for the scalpers. Scalping becomes addictive like gambling if you don’t manage your emotions well. And here is this system, The Scalping Secret, which will help you to scalp in the market profitably. It consists of much information that you need on a single chart. It also shows the amount of time remained to release an economic event so that you can avoid trading during the economic releases. Since this is a scalping strategy our time frame will be either 1 minute or 5 minutes chart. Here in the example 5 minutes chart will be used.
There are four technical indicators used in this trading system. When the scalping secret is correctly installed on your system your trading chart will look like this:
- NonLag MA: NonLag MA is a technical indicator which is customized version of the simple moving average. Basically moving averages are lagging indicator. But the developer says that this moving average does not lag at all. The period of 15 is used here.
- The Secret Trend Reversal: This indicator consists of small red and green dots that form at the indicator window of the chart.
- BB MACD: This is a custom built indicator. It consists of two moving averages of red and blue color.
- The secret TF: The secret TF consists of the market summary according to the various time frames.
Buying Conditions Using The Scalping Secret System.
- Price should be above the NonLag MA.
- The secret trend reversal indicator should show green dots.
- The blue moving average should be above the red moving average in the BB MACD indicator.
- All the time frames in the ‘The Secret’ indicator should show blue square box.
- Place your stop just below the recent swing low.
- Take your profits when anyone of the above indicator turns red.
Selling Conditions Using the Scalping Secret.
- Price should be below the NonLag MA.
- The secret trend reversal indicator should show red dots.
- The red moving average should be below the blue moving average in the BB MACD indicator.
- All the time frames in the ‘The Secret’ indicator should show red square box.
- Place your stop just above the recent swing high.
- Take your profits when anyone of the above indicator turns blue.
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