Welcome, fellow brokers. And I want to offer you a manual for scalping strategy called M1 Scalp system.
The system works on M1, M5 and timeframes for any currency pair, which makes it very convenient. And now a little about scalping.
Scalping - a technique Forex trading with small fluctuations of currencies. The main point, which is to earn 10 to 15 pips on each trade risking only two or three. As a result of work per day for M1-M5 timeframes, it makes a lot of transactions. The main thing - a quick entry and exit from the transaction, using limit orders.
The basic rules of scalping are:
The presence of a very small spread, no more than 3-4 paragraphs.
Large enough Bid or Offer;
Trader should have sufficiently extensive experience trading the instrument
Small but quiet price fluctuations.
Pros scalping - trade virtually with minimal risk.
Disadvantages scalping - large volume of trade. Trading on limit orders, ie entry and exit should be very fast. With all the advantages of scalping is considered to be a very nervous type of trading, because of the need to constantly monitor the level of feet.
It should be borne in mind, it highlights the indicators for scalping does not work:
when publication of important economic news and events
when nizkovolatilnom market (holidays);
while profit at the end of sessions (Asian, European and American), usually accompanied by not weak movements courses.