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Forex Scalping Strategy - Megascalping on the Principle of Grebenshikov This strategy uses the Grebenshikov principle, as detailed in 'Forex and We'. In size terms this strategy is more like megascalping. The Grebenshikov principle is used for megascalping mainly using the EUR/USD currency pair but you can choose other pairings. To use this forex scalping strategy you should look to use a reliable broker that offers the Metatrader 4 trading platform. Description of the Forex Trading Strategy You can enter the market using the Bollinger indicators that can be found on all trading platforms, including the Metatrader 4. When there are parallel lines showing on the Bollinger indicator, you can place Buy stop and Sell stop orders at 20 pips above and below the horizontal channel borders. Any timeframe can be used. Use the higher timeframes to perform some technical analysis prior to placing any pending orders. To give an example, when looking to place orders on H1, D1 should be looked at first. On the day timeframe, the Buy stop can be placed if the price is right next to the upper border channel (and the opposite for the Sell stop). At the opposite channel border a stop-loss can be placed 20 points below. Transaction Support According to the Trading Strategy When a pending order has been initiated there are two possible scenarios. A) Should a profit not hit 25 points and so closes on a stop-loss or the transaction is not profitable. Here, once there is trend reversal, the sell stop order has been placed using the same principle as buy order previously. I.e. a long transaction closes on stop loss and a short position is then immediately opened. Here there will be the same two scenarios. B) The opened transaction brings an immediate profit. Breaching the 25 point barrier moves the transaction to break-even. With the price continuing to go in the right direction, a trailing stop is used. When opening up further positions, pending orders are placed 20 points above the maximums using the 4-hour chart. Following the summary stop for all positions inn area that is 'positive' or in a break even position orders can be placed. This is a safety measure as the Forex exchange market is volatile. Another variant would be the movement of an open transaction at break-even when the 25 point mark is achieved. When the stop loss of trailing stop is hit, this is when you take your profit. Lastly, due to the complexity of forex exchange, it is essential to have a thorough and clear trading strategy in order to trade forex. The basis of this scalping in forex comes from the Grebenshikov principle and this is also seen in 'Forex and We'. In terms of scale, megascalping has a close resemblance to this strategy. Although different currency pairs can be used, megascalping using the principle of Grebenshikov works using the EUR/USD as the primary pairing. Look for a trustworthy Forex broker that offers the Metatrader 4 trading platform in order to use this best forex scalping. Description of the Forex Trading Strategy You can enter the market using the Bollinger indicators that can be found


on all trading platforms, including the Metatrader 4. Should the Bollinger indicator show parallel lines, Buy stop and Sell stop orders should be placed 20 pips above and below the borders of the horizontal channel accordingly. You can use any timeframe. Prior to placing any orders that are pending you should perform some technical analysis on the higher timeframes. As an example, using H1 to place orders, D1 should be looked at beforehand. Were the price to be next to the upper channel border using the day timeframe, we place only the Buy stop (and the opposite for Sell stop). At the opposite channel border a stop-loss can be placed 20 points below. Transaction Support According to the Trading Strategy When a pending order has been initiated there are two possible scenarios. A) Should a profit not hit 25 points and so closes on a stop-loss or the transaction is not profitable. Here, once there is trend reversal, the sell stop order has been placed using the same principle as buy order previously. I.e. a long transaction closes on stop loss and a short position is then immediately opened. This will also have these same two scenarios. b) There is immediate profit with the opened transaction. The transaction moves into a break-even at the point a 25 point level has been breached. With the price continuing to go in the right direction, a trailing stop is used. When opening up further positions, pending orders are placed 20 points above the maximums using the 4-hour chart. Orders are to be placed following the summary stop for all positions in a 'positive' area or in a break-even position. This is a safety measure as the Forex exchange market is volatile. Another variant would be the movement of an open transaction at break-even when the 25 point mark is achieved. You can take your profit when the trailing stop or stop loss is hit. And last of all, because of the volatility of the market, you must ensure that you have a well-designed and comprehensive trading strategy when trading forex.


Forex scalping indicators