Hi pip makers;
Welcome to my new article, Normally I spend 12 to 16 hours in the market and tries to find good opportunities to enter day and swing trades using my day and swing strategies. But most of the time I will not trade because market is dead slow or my strategy criteria will not meet so ended up with just market watch so, I have decided to build one scalping strategy to make profit in dead market or average moving market.
I am developed many scalping strategies from past 6 months using different indicators, most of them didn’t gave good result and some of them work in different market condition and will not work in some condition finally I have arrived with online strategy which works in all market conditions with 70% to 95% accuracy which depends on the major currency pairs you are trading which I am sharing with you guys. Please use this strategy with only major pairs and I have tired with cross pairs it will not work as prefect with major pairs and below are my stats from past three and half months with different major pairs:
1.GBP/USD : 80% to 95% Accuracy
2.EUR/USD : 80% to 85% Accuracy
3.USD/JPY : 78% to 83% Accuracy
4.USD/CAD : 75% to 82% Accuracy
5.USD/CHF : 75% to 80% Accuracy
6.AUD/USD : 70% to 75% Accuracy
7.NZD/USD : 70% to 75% Accuracy

Strategy and its rule are very important to make a consistent profit so let’s start with strategy setup.
1.MACD ( default 12,26,9 - close)
2.Bollinger bands (default 20,2,2)
3.Draw the line at histogram of value 6.5(0.000065 )and -5(-0.00005)
4. 5 Minute any major pair chart.

How to get the Enter buy trade?

Please consider below chart of EUR/USD with 5 minute chart .When the histogram line touches the 6.5 value on MACD and the price action is in the middle or near to middle of Bollinger band middle line. We have to enter buy trade with take profit of 10 pips and stop loss 10 pips, in case histogram touches 0 line we have to close the trade manually with loss which will not happen frequently.


Please consider for your reference below chart of EUR/USD 5 minute chart .When the histogram line touches the -5 value on MACD and the price action is in the middle or near to middle Bollinger band middle line we have to enter for sell trade with take profit of 10 pips and stop loss of 10 pips. When the histogram touches 0 lines we have to close the trade manually.

To use this trading in live account please do lot of lots trades in demo trading account what I mean to say is do lot of practice before trading in live account. I can only explain the strategy but it depends on you how to handle losing trades and escape from it which only comes with practice/experiment/experience.

Conclusion:
Use GBP/USD 5 minute chart for more profitable trades and stick to 10 pip stop loss.
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