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Thread: What is Scalping and What are the Best Scalping EA?

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    Lightbulb What is Scalping and What are the Best Scalping EA?

    Name: BEST SCALPING EA1.png Views: 11 Size: 14.1 KB
    Instead of focusing on optimizing the capital returns from each transaction, scalping is a short-term trade tactic that stresses profiting from the number of trades placed.

    Learn how, in multiple small-profit transactions, scalping can be used to raise large profits.

    WHAT IS SCALPING?
    Even shorter than certain other types of day trading, scalping reflects the shortest-term trading type. It got its name when traders who follow the form, known as scalpers, easily join and leave the market to skim off small gains during the trading day from a vast number of transactions. Ideally, these tiny gains eventually contribute to what the dealer would have gained to make a single, more lucrative profitable day trade.

    Scalping is a trading approach aimed at profiting from minor price changes in the price of a stock. Traders implementing this strategy place from 10 to a few hundred trades in a single day with the assumption that small stock price movements are easier to catch than large ones; scalpers are known as traders implementing this strategy. If a strict escape plan is used to stop major losses, many small earnings will quickly become huge gains.

    Scalping is a trading technique in which traders profit from minor shifts in a stock's price. For implementation, scalping depends on scientific analysis, such as candlestick charts and MACD. The limited profits gained from this approach will accumulate, provided that an exit plan is regularly used by the trader to reduce risks and reap gains.

    Well, scalping is a kind of method that attempts to make little profit from a small price movement. In scalping, traders sell or buy currency pairs to get a little profit while holding their position.

    By taking advantage of changes in the price of each currency pair, these traders repeat this process frequently during the day.

    BASICS OF SCALPING
    In the smallest span of keeping time, scalping uses greater place sizes with smaller price gains. It is an intraday result. The primary aim is to purchase or sell a quantity of shares at the bid-or ask-price and then sell them a few cents higher or lower for a profit quickly. The holding periods will range from seconds to minutes, and up to several hours in several situations.

    SCALPING CHARACTERISTICS
    For nimble traders, scalping is a fast-paced operation. Precision timing and execution are necessary. To boost gains from the most shares in the shortest period of keeping time, scalpers use day trading purchasing power of four to one margin. This includes concentrating on the narrower period time frame tables, such as the candlestick charts of one and five minutes. Indicators of momentum are widely used, such as stochastic, moving average convergence divergence (MACD) and relative strength index (RSI). As reference points for price support and resistance thresholds, price chart markers such as moving averages, Bollinger bands, and pivot points are used.

    To escape the Pattern Day Trader (PDT) rule break, scalping allows account equity to be greater than the required $25,000. To conduct short-sale trades, margin is required.

    Scalpers buy low and sell big, buy high and sell higher, or high short and low cover, or low short and lower cover. They prefer to use Level 2 and time of distribution periods for fast executions to channel orders to the most liquid market makers and ECNs. The best strategies for the fastest order fills are the point-and-click style execution through the Level 2 window or pre-programmed hotkeys. Scalping is solely dependent on technological analyses and volatility in short-term costs. Scalping is considered a high-risk form of trading due to the heavy use of leverage.

    Bad implementation, poor policy, not taking stop-losses, over-leveraging, late entries, late exits, and overtrading are some of the typical errors that scalpers make. Due to the high number of transactions, scalping generates heavy commissions. Scalpers benefit from a per-share commission pricing structure, particularly for those who tend to scale smaller pieces into and out of positions.

    PSYCHOLOGY BEHIND SCALPING
    Scalpers must be disciplined and must adhere very closely to their trading regimen. Every decision that needs to be taken should be reached with confidence. But scalpers can still be very agile because market conditions are very volatile and they would need to address the problem as soon as possible without incurring too much of a loss if a transaction is not going as planned.

    SCALPING PERSONALITY
    Scalping is not for everybody, however. For this risky process, you have to have the temperament. For the whole session, scalpers need to love sitting in front of their screens, and they need to enjoy the deep attention it takes. When you are trying to scalp a small move, such as five pips at a time, you can not take your eye off the ball.

    You must be the kind of person who can respond very easily without contemplating your every breath, even though you find you have the temperament to sit in front of the screen all day or all night if you are an insomniac. There's no time for reflection. A necessary key quality for a scalper is to be able to "pull the trigger" This is particularly true for a place to be cut if it should pass against you by even two or three pips.

    HOW DOES SCALPING WORK?
    From a market volatility standpoint, scalpers think it's faster and less expensive to benefit from minor changes in asset values rather than take the gamble of depending on major shifts. This includes setting tight windows for trade, both in terms of market change and timeline.

    WARNING: The potential cost of bigger gains comes with scalping, so it needs vigilance. If the benefit goal has been met, scalpers get out of trading instead of waiting to see if they can gain more. Instead of watching to see how the deal turns around, the same goes with exiting trades after the predetermined loss threshold has been reached. If you are struggling to accept the expense of those prospects, then scalping might not be for you.

    MARKET ANALYSIS FOR SCALPING
    In contrast to fundamental analysis, traders that follow this investing style focus on technical analysis. Technical analysis is a method of market analysis which focuses on the past price movements of a security, typically with the aid of charts and other tools for data analysis. Scalpers can observe everyday time and sales trends with historical price data in hand and forecast the potential movements of defense, setting up levels of support and resistance based on moving averages and using them to enter and exit trades.

    In comparison, fundamental analysis typically includes using the financial statements of a company, discounted cash flow modeling, and other methods to determine the inherent value of a company. Understanding a company's true value will help traders mitigate risk at the right time and exit long positions.

    NOTE: Fundamental analysis is more effective for long-term investment, whereas for short-term tactics such as scalping, technical analysis performs well.

    Immediately after its publication, scalpers can trade on news or events that dramatically affect the valuation of a company. They use short-term shifts in fundamental ratios to scalp trades in some situations, but they rely more on technical charts. Since these maps display what has happened in the past, they lose importance as the time period rises, making technological analysis more relevant for short-term nature of scalping.

    Scalpers may be dealers who are either discretionary or systemic. Any trading judgment based on market conditions is easily taken by discretionary scalpers, and it is up to the trader to determine the terms of each trade (timing, profit targets, etc.). Systematic scalpers rely less on their own intuition and instead build computer systems without human trading decisions that automate scalping tactics and execute trades. When the machine sees a selling chance, without waiting for the dealer to determine the precise specifics of the deal, it makes a transaction.

    IMPORTANT: In the trading process, discretionary scalping creates bias that may pose a challenge. You can be tempted by impulses to make an ill-advised trade or neglect to take action at the right moment. In comparison, systemic scalping gives practically no human influence over trading choices, which makes it impartial.

    MARKET-MAKING VS. SCALPING
    Scalping is close to market-making rather. They immediately aim to balance the position and catch the spread when a market maker purchases a position. This method of marketing does not apply to certain bank traders who occupy the bank's own positions.

    It is very important to understand the distinction between a market maker and a scalper, though. The spread is earned by a market maker, whereas a scalper pays the spread. So, they have to wait for the market to move enough to cover the spread they have just paid when a scalper buys on the request and sells on the bid. The market maker, on the other hand, sells on the request and buys on the bid, thus immediately gaining a pip or two as profit for making the market.

    While all seek to get in and out of places very easily and very often, the probability of a market maker is much lower relative to a scalper. Market makers love scalpers because they often sell and pay for the spread, meaning that the more the scalper deals, the more one or two pips of the spread can be won by the market maker.

    SCALPING VS. DAY TRADING
    SCALPING
    • Always considered as a day trade.
    • Sometimes, positions are held for a matter of seconds instead of hours.
    • Using systematic trading systems, also automated.
    DAY TRADING
    • Scalping tactics may or may not be used.
    • Positions will be held on a given day as long as the markets are open.
    • Either systemic or voluntary trading practices can be used.
    Trading in the day and scalping are related terms, but the same thing is not generally defined. Scalping is often a method of day trading, but scalping is not known to be any form of day trading.

    As long as the markets are open, day-trading positions will be left open. A day trader could open a place right at 9:30 a.m. before markets open. EST and then shut it at 4 p.m. shortly until markets close Technically, it will also be a day of dealing, even if the place had been left open for more than six hours. A scalper, on the other hand, for longer than a few minutes, never leaves a spot free. Typically, the timeframe of a scalper can be calculated in seconds.

    Scalpers also use computer systems that automate these trades in order to work within such short timeframes. A day trader who uses longer-term tactics may be less likely to use automated systems of this kind, but they may still prefer to use them.

    See also: Wide range of InstaForex technical indicators.

    EXAMPLE OF SCALPING
    Suppose a trader uses scalping to profit from price movements for an ABC stock trading for $10. The trader will buy and sell a massive tranche, say 50,000, of ABC shares and sell them in small amounts during timely price movements. For instance, in price increments of $0.05, they might choose to buy and sell, making small profits that add up at the end of the day because they make the purchase and sale in bulk.

    BEST SCALPING EA
    At one stage in most traders' careers, they tend to use an automated system to experiment. Some will prefer to trade manually, while others may find a better approach to their personality that suits them. Today, the new trend is expert advisors, so that it is used by even new traders.

    Whilst using a simpler trading method is a welcome development for traders, it comes with a price. It is not an easy task to choose the best expert robot when trading; if it can be a daunting task for a professional, how much more it will be for a novice.

    Since there are plenty of options available to traders, they are looking for market opportunities. However, their mentality is always to get in and out of the market with as little profit as possible for a new trader.

    Given this, sitting and looking at your screen all day can become stressful. However, with the best EA scalping, traders can automate their trading so that even in their absence, the robot trades the market.

    WHAT IS A FOREX ROBOT?
    Basically, a forex robot or expert advisor is a tool or software that allows traders to trade without any involvement in the market. The robot follows a predetermined instruction, written once the conditions are met, to open or exit a trade. Do not forget that the broker you are using is important. We recommend that you first read this article from the Libertex Review. This is a widely trusted forex broker.

    A trader would manually analyze the market, locate an entry point and exit point. Then, to ensure that nothing goes wrong, the trader has to sit in front of his or her screen. A forex robot, however, removes all of these stresses and makes trading easy and fun.

    IMPORTANCE OF THE FOREX SCALPING ROBOTS
    Trading, no matter how traders want to speak it sweetly, is never an easy pursuit. For inexperienced traders, their decision appears to be clouded by the quest to make money fast. They are therefore searching for different solutions or methods to actualize this feat.

    However, they get the best out of their situation with their inexperience, impatience and emotion. Statistics have shown that scalpers are around 70 percent of the current merchants. Just 1 percent of the 70 percent becomes powerful at the end.

    Scalping is a difficult endeavor; differentiating between a true and a false signal is very challenging. Nonetheless, a forex scalping EA may be the best choice, especially if you use it properly.

    Undoubtedly, forex robots in the forex industry are not a recent trend. With a certain kind of robot, it is important to find an acceptable robot that fits your trading style. A forex scalping robot often uses different technological indicators and techniques to produce trade.

    A scalping EA looks at the global pattern of the market using its predefined indicator to trade on your behalf, instead of straining your eyes for the ideal trade. The EA then waits for the price to enter the region where each parameter is used before deciding if the intensity of the demand corresponds with the robot's laws. It can be a big challenge to get the finest forex predictor!

    In comparison, a scalping robot provides space for quicker execution of the order. When an asset's price passes the predefined criteria, the best forex scalping EA executes exchange easily. Additionally, unlike when you manually trade, it automatically exits the trade until it gets to your take benefit or stop-loss location. This takes away the uncertainty and greed that most traders appear to face at the beginning of their years of trading.

    BEST SCALPING- EA LIST
    • RANK : 1
      ROBOT : Forex Diamond: Brilliant and Profitable as a Diamond
      PROFIT : Myfxbook Verified Results
      RATING : 5 Stars
    • RANK : 2
      ROBOT : GPS Forex Robot 3
      PROFIT : Over 30% Profit Per Month with Live Documented Proof
      RATING : 4 Stars
    • RANK : 3
      ROBOT : Flex EA
      PROFIT : New Version since July 14th 2020
      RATING : 5 Stars
    • RANK : 4
      ROBOT : ODIN Forex Robot
      PROFIT : It is imperative that you should understand the basis upon which the robot is designed instead of only relying on it.
      RATING : 4 Stars
    • RANK : 5
      ROBOT : Forex Brokers
      PROFIT : One of the only Forex robots tested ($7 per lot, per round turn) with real tick data, real variable spreads, real slippage & trade commissions included.
      RATING : 3 Stars
    We also checked multiple scalping EAs to ensure traders get the most out of their scalping approach by using a robot. With others in the field, the scalping EA in this list has undergone extensive examination. In addition, to warrant a place in this ranking, each EA in our list has performed credibly well.

    No trader or investor wants to waste his or her money on a robot that is not going to make or produce sufficient profit. In our backtesting, we ensure that only the correct scalping EA is used with the least drawdowns.

    FEATURES OF THE BEST SCALPING EA
    We appreciate why you want to verify its features before you buy anything. Yeah, if you are new and don't know what to check in an EA, then when thinking about purchasing a scalping EA, here are a few features to look at.
    • Auto Trading - A scalping EA that requires little to no assistance from you should be automatic. A robot's nature is for it to trade for you when you're working on other things.
    • Proper Risk Management - An essential feature to check in a scalping EA is risk management. For each trade, you want to look for an EA that provides a 1:3 risk-to-reward ratio.
    • Accuracy - The goal of purchasing an EA is to increase your profit while reducing your losses. A good EA for scalping should be over 80 percent accurate when trading.
    • Uniqueness - You do not want all forex currency pairs to use a scalping EA. To be used, a good scalping robot must have a specific currency pair and timeframe. This implies that it has undergone backtesting and has been shown to produce the optimal result on such a currency pair.
    BEST FOREX SCALPING EA
    Are you a scalper? Would you like to move to automated EA scalping trading? Will you expect predictable outcomes to be achieved? What you need is the best forex scalping EA to take your trading to another level.

    On various currency pairs, we have run different tests on different timeframes (5M and 15M), which has contributed to us enlisting the best scalping EA for your trade.

    We have a winner with multiple scalping EA tested in our list using different variables such as currency pair, timeframe, and performance. After a series of trials using these criteria, the table above is our winner.

    However, in order to understand how to use it when scalping, you should read about our winner.

    POINTS TO REMEMBER
    • Scalping is a day-to-day trading approach requiring the development of more small-profit trades rather than less large-profit trades.
    • One of the shortest-term trading tactics is scalping, and often positions last only seconds or minutes.
    • Scalping requires restraint. The scalper has to leave the exchange after a set benefit or loss has been met.
    • In order to position trades, some scalpers use their own discretion while others create computer systems that automate their trading techniques.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Lightbulb An In-Depth Discussion of Scalping and Best Scalping EA

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    One of the most well recognized but overlooked techniques, scalp dealing, a.k.a. scalping, will be addressed. If in a short amount of time you like joining and closing markets, then this article would certainly suit you better.

    DECIMAL SYSTEM
    Years before, there was a normal spread of 1/16 of a dollar or a 'teenie' as stocks were quoted in fractions. This spread allowed scalp traders to buy a stock at the offer and sell at the inquiry immediately. The teenager then provided scalp traders with simple entry and exit thresholds. When the economy moved to the decimal system, the scalp trade game took a turn for the worse. For large volume stocks, the decimal system closes the "teenie" many times to within 1 penny. This changed the policy for scalp traders overnight. Now, a scalp trader had to focus more on their intuition, quotes from level II and the window of time and sales.

    WINNING IS CRITICAL
    Scalp traders must have a strong win/loss ratio, unlike a variety of day-trading strategies where you can have a win/loss ratio of less than 50 percent and still make profits. This is due to the fact that it is normally equal in size to lose and win trades. The key element in scalp trading is the desire to be accurate, which is such a tough way to make money on the market.

    WHAT IS FOREX SCALPING?
    Scalp trading is one of the most complex trading types to learn. It needs tremendous concentration and emphasis on trading. Scalp trading has been around for several years, but in recent days, it has lost some of its allure.

    In the investment sector, scalping is a phrase used on a daily basis to describe the "skimming" of minor gains by going several times a day in and out of places.

    In the forex market, scalping means exchanging currencies based on a real-time research package. Through buying or selling currencies and holding the place for a very short period and closing it for a small profit, the purpose of scalping is to make a profit. Throughout the trading day, several orders are placed using a method that is normally based on a series of signals extracted from technical analysis charting tools. The graph is made up of a multitude of signals that, as they point in the same direction, produce a buy or sell decision.

    For a little profit per time, a forex scalper searches for a large number of trades.

    Scalpers easily enter and leave the market, making several minor deals in the hopes of achieving gains over and over again from comparatively small price shifts. In order to succeed with certain forms of trading strategies, scalpers must be highly disciplined, aggressive by nature, and decisive decision makers.

    To help in scalping, various technological trading structures exist, many of which are sold directly by online traders or exchange platforms.

    HOW DOES FOREX SCALPING WORK?
    Scalping is not unlike day trading in which, during the current trading session, an investor will open a spot and then shut it again, never taking a position into another trading time or holding a position overnight. However, while a day trader may look to take a position once or twice, or even a few times a day, scalping is often more frenetic during a session and will trade several times.

    Whereas a day trader can trade off charts of five and 30 minutes, scalpers also trade off charts of ticks and charts of one minute. Some scalpers, in fact, want to try to capture the high-speed movements that occur at the time of the publication of economic data and news. Whatever is high on the trader's economic agenda, such news includes the release of job numbers or GDP estimates.

    Scalpers want to try to scalp from each exchange they make between five and 10 pips and to replicate this process over and over during the day. Pip is short for' percentage in point' which is the smallest shift in exchange rates a currency pair can take. It will add up by using high leverage and making deals for only a few pips of benefit at a time.

    If their trades are successful and can be replicated several times over the course of the day, scalpers get the best results.

    Note, the total size of a pip is around $10, for one regular lot. So, the dealer is willing to make $50 at a time for every five pips of profit made. Ten days a day, $500 will be equivalent to this.

    HOW TO SET-UP FOR SCALPING?
    Setting up to be a scalper enables you to have very strong, secure access to a network that allows for very fast purchasing or selling to the market makers. Usually, for any of the currency pairs, the portal will have a buy button and a sell button such that all the trader needs to do is press the right button to either join or leave a spot. In liquid markets, the execution can take place in a fraction of a second.
    • PICKING A BROKER
      Note that the forex market is an international market and is essentially unregulated, while policymakers and the industry are making attempts to enact regulations that will to a certain extent control over-the-counter (OTC) forex trading.

      As a dealer, the broker arrangement and exactly what the duties will be and just what responsibilities the broker has are up to you to study and appreciate. If positions go against you, you have to pay attention to how much margin is needed and what the broker can do, which could also mean an immediate liquidation of your portfolio if you are too heavily leveraged. Ask the broker's representative concerns to make sure you keep on to the records of the deal. Read a tiny print.
    • THE PLATFORM OF THE BROKER
      As a scalper, you have to get really acquainted with the trading site offered by your broker. Different brokers can provide different services, so before you're fully comfortable with it, you should always open a practice account and practice with the platform. There is simply no room for mistake in using the network, as you plan to scalp the markets.

      If you accidentally push the "Sell" button when you touch the buy button, you may be lucky if the market goes south quickly so that you profit from your error, but if you're not so lucky, you'll only have reached a role contrary of what you expected. Mistakes such as these can be very expensive. Losses will and will be triggered by platform errors and carelessness. Before you devote real money to the trade, practice using the site.
    • LIQUIDITY
      You only want to deal in the most liquid stocks as a scalper. The main currency pairs, such as EUR/USD or USD/JPY, typically include these markets. Even, some sessions can be much more liquid than others, depending on the currency pair. Although the forex markets trade 24 hours a day, the amount at all times of the day is not the same. You only want to deal in the most liquid stocks as a scalper. The main currency pairs, such as EUR/USD or USD/JPY, typically include these markets. Even, some sessions can be much more liquid than others, depending on the currency pair. Although the forex markets trade 24 hours a day, the amount at all times of the day is not the same.

      Usually, volume ramps up when London opens at about 3 AM EST, as London is the main forex trading centre. New York opens at 8 AM EST and adds to the amount being traded. Thus, this is normally the safest time for liquidity when two of the big forex centers are dealing. The other big volume generators are the Sydney and Tokyo markets.
    • GUARANTEED EXECUTIONS
      Scalpers need to make confident that they can conduct their trades at the levels they want. Make sure, therefore, to grasp the broker's trading terms. Any brokers may restrict their assurances of execution to periods when the markets are not moving quickly. Others could not have any form of assurance of execution at all.

      It is called "slippage." to put an order at a certain level only to have it executed a few pips away from where you intended. In addition to the spread, you will not afford slippage as a scalper, but you have to ensure that the order will and can be executed at the order level you require.
    • REDUNDANCY
      The practice of insuring yourself from disaster is redundancy. By redundancy in trading jargon, I mean getting more than one means of being able to join and exit transactions. Make sure that your access to the internet is as fast as possible. Know what you're going to do when the Internet goes offline. If you have a direct phone number to a dealing desk and how easily can you mark yourself and get through? When you are in a situation and need to get out quickly or make a move, all these considerations become very important.
    • CHOOSING A CHARTING TIME FRAME
      You would need to have a system that you can follow almost instantly in order to conduct trades over and over again. Since scalping does not allow you time for an in-depth review, with a reasonable amount of trust, you must have a method that you can use repeatedly. You'll need really short-term charts as a scalper, such as tick charts, or one- or two-minute charts, and maybe a 5-minute chart.
    PREPARING TO SCALP
    • GET A SENSE OF DIRECTION
      Trading with the pattern is still useful, at least if you are a beginner scalper. Set up a weekly and a regular time chart and introduce trend lines, Fibonacci levels, and moving averages to uncover the trend. These, so to speak, are your "lines in the sand," which will represent places of assistance and opposition. If the charts display an upward bias in the pattern (the values are sloping from the bottom left of the map to the top right), so if they are hit, you may want to buy at all support levels.

      On the other hand, if prices are sloping down to the bottom right of your chart from the top left, then every time the price gets to a resistance level, look to sell. Different forms of charts and moving averages can be used to help you decide direction, based on the frequency of your exchange.

      The regular chart indicates that the price, at around 1.3975, has hit 127.6 Fibonacci extensions. Clearly, in the region of 1.3850, there is a risk of a pullback to the trend line anywhere. As a scalper, as soon as your shorter-term charts confirm an entry warning, you will take the short side of this deal.
    • PREPARE YOUR TRADING CHARTS
      Either manual, where the trader watches for signs and interprets whether to buy or sell, or automatic, where the trader shows the machine what signals to look for and how to interpret them, may be a forex scalping device. For forex scalpers, the timely essence of technical research makes real-time charts the method of choice.

      Set up a chart for 10 minutes and one minute. Using the 10-minute chart to get a feel of where the stock is now trading, and to actually enter and leave the trades with the one-minute chart. Be sure to set up the platform so that between the time periods you can turn.
    TRADING SYSTEM
    We've used a three-period RSI with the plot guides set at 90 percent and 10 percent in the system seen here, and there are several other systems you can use to exchange profitably. Only trades on the short side are joined once the RSI passes the 90% plot guide, and the long side once the RSI hits below the 10% plot guide.

    It's better to wait until the second crossover into one of the two zones to nuance the signal (only take the exchange if the RSI goes into the zone on the second consecutive try, either 10 percent for longs or 90 percent for shorts).

    Today, try it using a trial account before you follow the method and keep a list of all the winning trades you make and of all the losing trades. Very often, instead of depending mechanically on the machine itself, it is the way you handle the exchange that can make you a profitable merchant.

    In other words, when you have seven to 10 pips, end your losses easily and take your gain. This is a form of scalping and is not designed to keep positions by pullbacks. If you find that you can manipulate the machine and have the ability to pull the trigger easily, in one trading session, you can be able to replicate the procedure several times and receive a good return.

    Note the paralysis can be caused by so much research. Therefore, before it is routine for you, and even tedious because it becomes too routine, follow the technique. In order to make a buck, you are in the industry of scalping, not to raise your dopamine or pretend like you are playing in a casino. They are speculators who know how to quantify the chance, wait for the odds to be in their favour, and control their feelings. Experienced traders are not gamblers.

    WHEN TO SCALP AND WHEN NOT TO SCALP?
    Always remember that scalping is high-speed dealing and thus requires plenty of liquidity to ensure that transactions are completed quickly. Trade only in the main currencies with the greatest liquidity, and only when the value is very high, such as when dealing in both London and New York. The peculiar feature of forex trading is that major hedge funds and banks will compete with small investors—they just need to set up the right account.

    See also: Wide range of InstaForex technical indicators.


    Do not scalp, for whatever cause, if you don't feel centered. Late nights, flu effects, and so forth, sometimes take the game away from you. If you have a string of losses and give yourself time to regroup, stop trading. On the business, don't want to get vengeance. Scalping can be exciting and difficult, but it can be frustrating and tiring as well. You must be confident that you have the character to engage in high-speed trading.

    You can learn a lot from scalping, and then you can find that you can also become a day trader or a swing trader by slowing down because of the confidence and experience that you will get from scalping. However, remember, scalping is not for everyone.

    Often keep a list of the trades you make. To monitor your purchases, use screen capture and then print them out for your journal. This is going to tell you a lot about trading and even more about yourself as a trader.

    FOREX SCALPING EA FOR METATRADER 4
    For scalpers, it is the newest exclusive EA that provides a fully automatic scalping device for every currency pair. This Forex Scalping EA is primarily built for short time frames such as: M1, M5, M15, M30... It is perfect for beginners in forex because it can work for small accounts and sizes of lots. The test was carried out on a live account using our PaxForex broker partners. You can start trading with micro lots such as 0.01 or even better with cent account and grow it.

    Each version of our app will exchange for any time frame and currency pair, as well as inventories, metals, etc. This forex scalping robot will work with all the brokers that fund the trading platform for MT4. Both our EA's can also exchange multiple pairs divided by magic numbers at the same time.

    The program has a special memory mechanism that generates memory files and records the trading process, meaning that in the event of a platform collapse or other communication issues, you never lose your trading period.

    BEST SCALPING EA VERSION v3.0
    This new scalper EA contains the current configurations list and the show of new money management data. We also built a very detailed show of visual business statistics so that you can track any phase that EA does. We have also made the user interface for you to have complete and simple access as well.

    With amazing new features comes this new edition of Best Scalping EA!

    This Scalping EA Robot can be tailored for your needs. You may adjust settings such as: trading time, control of lot size, protection features, machine reverse, and many more. You don't have to keep track of the demand all the time and wait for the essential levels to come in. Let this Best Scalping EA do it for you!

    You just need to set it up, place it on your preferred currency pair map, pick the time frame you want, sit back and see as it performs its job. This Forex scalping strategy robot will trade fully automated. It has lightweight but fully customizable power over EA properties. For newcomers, it is a perfect method to get into auto trading. Don't panic if you don't know how to set this EA up as a Scalper, don't worry, the .set file and user manual guide are included, so you have everything you need to get started!

    FOREX SCALPING EA REVIEW
    This is an electronic forex trading device that exchanges multiple currency pairs with universal settings within a 5-minute time span.

    The fact that it trades several pairs of the very same universal settings shows just how diligent it is to incorporate the trading technique into this forex robot's algorithm. It has tremendous variety and resources for customers. Depending on your tastes, you can opt to trade a choice or both of the currency pairs, making it very customizable according to your needs.

    It works on the MetaTrader 4 trading platform, and you can set up and run auto pilot trading in just 5 minutes after an instant download.

    You would require a trading account with a forex broker to use this forex robot. With so many brokers to choose from, I have quickly assembled a list of my favorite forex brokers to help you choose a broker that meets your needs quickly and easily.

    FOREX SCALPING EA TRADING STRATEGY
    During periods of low volatility, the Forex Scalping EA technique is to trade on the 5-minute timeline by mixing technical and market action analysis.

    Based on the built-in algorithm, the expert advisor (EA) would analyse charts for possible trading signals. It will position and handle transactions on behalf of the user when it sends a signal. You can configure the configuration according to user preferences.

    One of the things I like best about the Forex Scalping EA is that it can use the same settings on any of the currency pairs it trades, and it has also been checked with actual spreads, commissions and slippage with real tick data from Dukascopy. What this means is that in the MT4 technique tester, the findings are as precise as possible.

    You may opt to swap certain currency pairs or both, to escape certain market conditions, maximum spread and slippage filters are built in. As always, I would like to use an ECN forex broker for the best trading conditions possible, especially when using a scalping strategy.

    FOREX SCALPING EA BACK TESTING
    On the official website, the Forex Scalping EA tick data & real variable spread back tests are available. There are an amazing 9 back experiments that use the same settings to illustrate historical outcomes from numerous different currency pairs. This will, in my view, illustrate the power of a forex scheme when it has the same settings, independent of the exchanged currency pair.

    Unlike other forex robots, each individual pair has not been optimized, which also makes it easier to set up. It should be remembered that there are no promises as to how any system will work and past events are by no means an indicator of potential success.

    FOREX SCALPING EA SUMMARY
    I think the Forex Scalping EA has potential, especially if a forex broker with tight spreads, low commissions and rapid execution speeds is used. It operates on various currency pairs and has installed spread/slippage filters to try to conform to various broker conditions.

    10 METATRADER 4 ROBOTS TO BE USED FOR PROFITABLE SCALPING
    Aside from Forex Scalping EA, here are other robots you can utilize to maximize your scalping strategy.
    • ADVANCED SCALPER
      As per the maker, Advanced Scalper is the product of more than 15 years of expert advisors analyzing the markets and programming. It uses very sophisticated exit-algorithms and has an optimized algorithm for spread-filter and slippage-control. It is entirely flexible to meet the needs of the customer and has several possibilities for configuration.
    • STAIRS TO HEAVEN
      At the most substantial support and resistance speeds, this robot is attempting to create stairs.
    • CHAOS THEORY
      The specialist advisor is focused on the philosophy of chaos-the disorderly flow of prices. The robot detects moments where the price is most involved in the first strategy and opens a grid of pending orders following the course of the price. Pending orders are placed against the price movement in the second technique. Finally, trade is carried out on the exchange with no active or pending trading orders by using the third technique.
    • FOXTRORTWO EA
      Another scalping robot with strong business feedback.
    • SFE NIGHT SCALPER
      This system takes advantage of the business stagnation that happened at the conclusion of the New York session and the first few hours since it closed. It detects slight deviations and tries to close the activity at the stage until the deviation occurs in the opposite direction. If, during the deflation hours, the process does not close with benefit, the EA seeks to leave in a desirable position in the next hours, before the European session opens again.
    • EVONIGHTEA
      EvoNightEA is a fully autonomous Expert Counselor, based on the night time scalping concept. The EA is focused solely on the idea of technological research and incorporates a variety of advances in other robotics that have been successfully implemented! On most of the trading instruments available, the EA can be used and its implementation takes only a few minutes.
    • EAGLE SCALPER
      This trading robot is used primarily for Asian hours of trading.
    • CORTEX
      Cortex is a fully automated EA scalper which trades the price chart's main levels. Each open location is handled by an advanced algorithm of modification and secured to mitigate potential drawdown by a tight hidden stop order. Benefit is gained using a clever multi-stage approach that enables the profitability of trading to be dramatically improved. The Specialist Advisor advocates trading with a fixed lot and also provides an automated lot estimation money management unit based on the preset chance per deal. I suggest you use a low-spread and fast-execution ECN account.
    • NIGHT TRADER EURUSD
      There are several currencies that the EA will exchange.
    • NIGHT OWL
      NIGHT OWL is a night scalper that deals on the market during the quietest hours.
    CONCLUSIONS
    The forex market is wide and liquid; technical research is believed to be a viable technique for trading in that market. It can also be concluded that for the retail forex dealer, scalping might be a feasible option. However, it is important to remember that the forex scalper typically needs a greater deposit in order to be able to afford the amount of leverage that he or she would take in order to make the short and small trades worthwhile.

    There's really fast-paced scalping. If you like the action and like to rely on maps of one or two minutes, so it might be for you to scalp. If you have the temperament to respond rapidly and have no compunction, not more than two or three pips, in taking very fast loses, then scalping could be for you.

    But maybe you are not appropriate for scalp trading if you want to examine and deliberate about any decision you make.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    What is Scalping
    Scalping can be regarded as a type of trading where traders participate in the market by buying or selling currency pairs within a short period of time which is usually for few seconds or few minutes in order to take advantage of slight changes in the price of currency in the market. The traders that trade scalping are called scalpers. Scalpers are type of traders that try to make small and multiple profit in the market in a day. Scalpers can open up to 100 orders in a day for the purpose of making small small profit in the market but consistent profit. Scalpers majorly make use of technical indicator tools to trade in the forex market. There are different type of trading strategy in the forex market which are fundamentals and technical analysis. Technical analysis is a type of trading strategy where traders monitor the price movement in the market and the historical price data in order to predict the outcome of trade in the market. Technical analysis make use of technical indicator tools such as support and resistance, volatility, oscillators and trend following. Traders that trade for a short period of time in the forex market such as scalpers and day traders make use of technical analysis to trade in the market. While traders that hold trading position for a long period of time in order to make huge profit from the market such as Position traders make use of fundamental analysis in order to predict the outcome of the market. Fundamental analysis is a type of trading strategy where traders predict the outcome of trade by monitoring the fundamentals that can affect the economic growth of a particular country that will also affect the price of the country's currency in the forex market. The type of fundamental factors are interest rate, inflation, economic news, balance of trade, deflation, unemployment rate etc.

    There are four types of trading in the forex market and the scalp trading is the trade with the shortest duration. Other types of trading are:
    2. Day trading.
    3. Swing trading.
    4. Position trading.

    2. Day trading: Day trading is the second type of trading where traders close all trading position before the day ends. This type of traders do not leave trade overnight, they close all their trading order before the next day. The type of traders that practice this type of trading are called day traders. Day traders mostly make use of technical analysis trading strategy in order to predict the outcome of their trade.
    3. Swing trading: Swing traders are type of traders that hold trading position for a longer period of time such as holding trading position for several days or weeks before closing the trade. These traders hold trading position for more than a day.
    4. Position trading: Position trading is the longest period a trader can hold trade in the forex market. Position traders can hold a trading position for several months or even years before closing the trade. This type of traders mostly make use of fundamental analysis to trade in the forex market.

    Pros of Scalping
    These are some of the advantages of scalp trading in the forex market.
    1. It allows traders to open multiple trades per day.
    2. Scalping gives traders the opportunity to make small and consistent profit in the forex market.
    3. Scalping attract little risk because it also involves small profit.
    4. Scalping do not need huge capital to trade in the market.
    5. Scalping do not need a lot of trading strategy to execute trade.

    Disadvantages of Scalping
    These are the disadvantages of scalping.
    1. It is difficult to predict the direction of the market in the next minutes.
    2. It is time consuming, because you need to open a lot of trade in order to make significant profit.
    3. You need to make consistent profit in your trade in order not to suffer loss when accumulating your trade at the end of the day.
    Attached Images  

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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