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Scalping is an interesting strategy however if you are paying say 5 pips a spread its not worth it if you are looking for 15-20 pips then to get out. Risk/reward is not great. Scalping probably works best when price action is animic and moving sideways. Also, one big loss can wipe all the small gains, therefore having a pre determined exit strategy is the most important thing with this method.
Scalping is an interesting strategy however if you are paying say 5 pips a spread its not worth it if you are looking for 15-20 pips then to get out. Risk/reward is not great. Scalping probably works best when price action is animic and moving sideways. Also, one big loss can wipe all the small gains, therefore having a pre determined exit strategy is the most important thing with this method.
Not to be rude, or to put you down, but isn't the "exit strategy" once you have 2-5 pips... Rinse and Repeat?? Just want to clarify so that some n00b investors don't get confused, thinking there is a special way to exit trades when scalping.
... with the possible exception of Pipmaker by donforex IMO
Sure, you can't just start it up and forget about it 'cos a trending market market can kill it dead but it is the best implementation yet that I have seen of this type of robot.
Same goes for gridtrading. I have a version of Makegrid on forward test for over a year now. It has over $10,000 d/d atm but it has I estimate closed at the very least, twice that amount profitably during this time. As it is currently sitting dead-centre in the middle of an 800 pip grid it will likely continue to rake in pips at a nice rate. Just checked, it made $287 dollars yesyerday alone!
Of course the problem with grids is that you need a fairly large account size to begin with and then there's the psychological impact of all that d/d...
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