10 PIPs a Day Forex Scalping Strategy 🔨

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★ 10 PIPs a Day Forex Scalping Strategy
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10 PIPs a Day Forex Scalping Strategy. Scalping is a seriously tricky business; your risk:reward ratio is likely to be close to 1:1; the idea is that you are going to have a higher probability of success with each trade you take as opposed to getting the edge from the risk:reward ratio. That means you have to be ultra-disciplined with your stops and exits. Trade this on a 5-minute chart and limit yourself to major forex pairs where your spreads are relatively small.

I have two indicators set on the screen; one is the Bollinger Bands set to 20 period (moving average is 20), 2 standard deviations with offset being set to 0. The other indicator is slow Stochastics; percentage K is set at 5, percentage D set at 3 and Smoothing set at 3.

The rules are these (taking a short example first). You want to look into taking a short trade when price is above the upper Bollinger Band and the Stochastics are overbought. Then, when you get the next red candle you then take a short on the close of that candle. You put in a 10-pip stop with a 10-pip target. This is supposed to be a trading strategy where the probabiliy of success is good so the risk:reward ratio doesn’t need to be high.

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Comments

Lashe Rainey says:

What lot size would you recommend for 10000 USD account?

Victor Pineda says:

what trading platform did you use?

Jak Pr says:

Nice strategy but I would go here with divergence and middle band and only short trades

Kelvin Wallz says:

SECRET: Trade with binaural beats

Wavemaker says:

You actually will be considered a rock star in forex trading if you can make 10 pips a day regularly. You will be among the elites in forex trading. It means that it is that difficult to succeed in the forex market if getting just 10 pips a day will make you an elite forex trader.

Freddie Bentley says:

How can it be advised to have a 10 Pip stop and TP…? it surely depends on the current volatility of the market ?????

600 Herb says:

This is a sell only no buys pullbacks no buys

Thomas Immler says:

cool interessant

Harold Bauer says:

Thanks for the great video but I have a question, in a buy trade we need price to close above bollinger bands, stochastic to be oversold then we enter on next green candle. Now am I wondering, do the stochastic need to be oversold for the green candle or is it okay if it has retraced into the non-oversold zone? Vice versa for sell orders.

Sean Sutton says:

I realize its a super small sample size however this strategy has SUCKED this morning for me! Counter trend strategies are scary!

Ben Harrison says:

How low does the stoch have to go?

Duduwa Ho says:

Another great clip to get some insight, I use keltner instead n btw while trading in the 5tf do u watch other higher tf charts at all….up to what tf or just focus on 5. Thanks for the great work.

Realistic Satisfaction says:

This is my everyday strategy it working trust me…but Discipline it what make you win all the time….my target is 3 pips per hour…I usually spend 5 to 6

Matthew O'Gorman says:

Surly this works best in a ranging market? If the market is heavily trending the counter trend trades will be risky as hell.

Kannapiran R.P says:

Thank you sir

Daniela Tomanovic says:

I like very much your approach.
For which pair(s) is this strategy meant please? Thank you!

Erik Mellander says:

Please use "shift left-click" on the chart when measuring pips for SL, TP etc. Makes it very easy to follow. Thanks for putting these videos up. Always interesting.

George Standers says:

How do you know when to scratch it?

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