Scalping strategy consists of working in portfolios of many traders, especially those who prefer to trade in the short term. And it is very important to have in your arsenal is a good strategy that will bring a quick profit, not to eat fast deposit. And one of these scalping strategies is the system of The Secret Method V3.0. But, in spite of its secrecy, the strategy is easy to interpret and use in the trade.
Characteristics of The Secret Method V3.0
Rules of trade by The Secret Method V3.0
- Indicator SwingMan breaks the zero level from the bottom up, and it appears blue arrow pointing up.
- Further attention is translated into price graph, which synchronizes indicator T3MA submitted by the green line. In this case, the price should be above the green line, or break through the line from the bottom up.
- Blue line of indicator Momentum (Mom) must also break through the zero level from the bottom up or be higher than 0. And bar should be green.
On the next candle (marked yellow dashed line) open a Long position:
- Indicator SwingMan breaks the zero level from the top to bottom, and it appears red arrow pointing down.
- Further attention is translated into price graph, which synchronizes indicator T3MA submitted by the green line. In this case, the price should be below the green line, or break through the line from the top to bottom.
- Blue line of indicator Momentum (Mom) must also break through the zero level from the top to bottom or be less than 0. And bar should be red.
On the next candle (marked yellow dashed line) open a Short position:
Stop Loss in the strategy The Secret Method V3.0 is fixed and is equal to 15 pips. You can also use a trailing stop. To this end, the archive has EA Quik_Trailing.ex4, which will be automatically manage open positions.
Profit Target is set equal to 30 pips, but it is necessary get out of position ahead of schedule, if the indicator IX-OA-X will change its color to the opposite color. Re-Entry if the indicator IX-OA-X will return the initial color:
In the analysis of the input signals in the position to be considered as support and resistance levels, which in this strategy displays on the graph indicator 1Pro4x Pivot Lines. Do not open the position if on the path of price is present level of resistance. In contrast, the level of support will be an additional signal to the opening position.
During the day may come across a few trades, and given the multi-currency strategy, you can count on a decent profit at the end of the trading day. But before you start trading on the strategy The Secret Method, recommended some time to test it on a demo account to learn how to accurately recognize the signals to filter false and determine the most successful versions exit of trades. This scalping strategy is not complicated, but quite effective.
In the archives The Secret Method V3.0.zip:
#TheSecret4 TF PSAR Bar4.ex4
1Pro4x Pivot Lines.ex4
The Secret Method.tpl