10 PIPs a Day Forex Scalping Strategy 🔨

★ 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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[@ukspreadbetting]

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[@EZOHWEBO]

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

[@chanzanyi7194]

A 100k capital account with 100 lot size and 10 pips a day = consistent lifestyle

[@pipthief59]

did some back testing on this with a 1:1 as you said on the 5 majors. insane win rate! gonna back demo for a while then go live. love ur videos by the way!

[@slymester]

Thanks for this. Gonna add it to my scalping arsenal.

[@duduwaho8013]

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.

[@danielcius6944]

i am late ..but still happy to learn this ..later i will buy some courses bc this guy is a real deal

[@haroldbauer8724]

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.

[@Eli-zg3tj]

For having tested this I can vouch that it works ONLY in a RANGING market. Avoid at all costs TRENDING markets i.e when one currency is much stronger than the other and price is rallying up or down. If you trade in these conditions you'll lose more than you'll win, so only use it when both currencies are at equal strengh and price is RANGING up and down.

[@jakubvalenta5403]

From my experience is much easier to make 10 points on Dow, than 10 pips on forex. The disadvanage is that Dow requires much higher margin than forex pairs. But to get 10 points from Dow is sometimes almost sure thing.

[@worryphree]

Thanks, man!

[@erosmastrobuoni]

Thank you!

[@MrTheBassline]

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

[@kannapiranr.p9607]

Thank you sir

[@mostlyinafrica9861]

Good day sir, Great Video.. I am just starting out in forex and i have time on my hands and i wanna scalp all day long. Can i still use this strategy in 2021? And do you have any backtesting software you could recommend? Free though.

[@freddiebentley4310]

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

[@JacobsPros]

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

[@codemedio6418]

what the best pairs for this strategy ?

[@WelfareInc.]

nice video¡

[@jaysharma9664]

I just catch Two - 0.06% moves - on Nifty 50 Futures, I trained hard to successfully do it every day, and I am finally able to make a consistent income from stocks.