Hi,
Does anyone have a good scalping strategy that I can try out?
thx

A strategy that work most of the time is :
if yesterday_close > day_b4_yesterday_close => Buy at starting of the day
if yesterday_close < day_b4_yesterday_close => Sell at starting of the day

S/L = 20
T/P = 200 (TrailingStop = 15)

If the position closed because of S/L u have to open another trade with the same direction.

Close all orders by the end of the day

A long the way this strategy is proff to be working. U get some lost on the reversal days, but it will be proffitable the next day.

P.S. some of the brokers will give you Sundays as a trading day (2 hours trade). If your broker do that, u must consider Sunday and Monday as the one day.

Good luck
Eli

Might be you can use a Woodie CCI system, with Time Frame M5

you can trade over 5 times a whole day long

cheers
4xtrader

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thanks Eliyahun and 4XTrader

Hi guys,

Would anybody explain what it means "day_b4_yesterday_close", please?



THANX

REGARDS

Hi ttt123,

day_b4_yesterday_close = 2 days before today

Hope this help
4xtrader

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Elihayun,
Does your method work better on some pairs? Which are they if that is the case? Also, at what time do the positions need to be taken? If i understand correctly, the market closes at 5:00 pm New York time, right? So should it be right after that?

Thanks

I am testing it this week. From a history test on GBPUSD, just by Open midnight and close at the end of the day, I can tell it is working.
I am trying to find out the best S/L and T/P. I am closing/openning 00:00 GMT right now. I will let u know next week my finding.

Yes, It is the close price the day before yesterday.

Thank you for answering guys...



REGARDS