Another Priceless Moments!

ENJOY!

fxcruiser

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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.

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lOl. Either u use scalp correctly or not...

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.

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B

Hi guys, am looking for a good Scalping EA, I know there are a few around but not sure which one to choose. Any help is much appreciated.

Dave

do not believe everything on the internet. Those EAs are complete failures. The only thing that they will scalp is you equity.

Regards
Yanni
Welcome to My Fx Report - Live Forex Trading


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The Raibow concept in Forexfactory is on fire!

... 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...

What style of scalping you are looking for?

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thank you