We continue to study simple market entry points with you.
Today I bring to your attention the idea for scalping. When there is no clear trend on D1, this is the time for such scalping strategies. Immediately I warn you, on the trend, this strategy may not give very good results.
For our educational purpose, and the selection of different strategies in the trading system, this idea may be appropriate.
Indicators:
Vstop, length 15, source hlc3, multiplier 4.
RSI, 14, hlc3.
Timeframe: M15
Currency: EURUSD
The essence of the idea: the search for entry points in the direction of movement of the indicator Vstop.
The strength of this idea is that during a wide flat, the price moves from level to level, without a certain direction. The task of the trader is to catch the impulse in each such microtrend, and quickly close the position.
In a narrow flat, there may be many small negative trades. But, when taking the impulse, these losses are more than covered.
Rules for entry into position:
We buy if:
Vstop indicator blue;
We are waiting for when the RSI indicator crosses the value of 50 from the bottom up, we enter the purchases.
We sell if:
Vstop red indicator;
We look forward to when the RSI indicator crosses the value of 50 from the top down, we enter into sales.
Exit position:
The exit from the transaction can be at the opposite signal of the intersection of 50 RSI indicator. You can use a fixed profit, or trailing stop.
Today I bring to your attention the idea for scalping. When there is no clear trend on D1, this is the time for such scalping strategies. Immediately I warn you, on the trend, this strategy may not give very good results.
For our educational purpose, and the selection of different strategies in the trading system, this idea may be appropriate.
Indicators:
Vstop, length 15, source hlc3, multiplier 4.
RSI, 14, hlc3.
Timeframe: M15
Currency: EURUSD
The essence of the idea: the search for entry points in the direction of movement of the indicator Vstop.
The strength of this idea is that during a wide flat, the price moves from level to level, without a certain direction. The task of the trader is to catch the impulse in each such microtrend, and quickly close the position.
In a narrow flat, there may be many small negative trades. But, when taking the impulse, these losses are more than covered.
Rules for entry into position:
We buy if:
Vstop indicator blue;
We are waiting for when the RSI indicator crosses the value of 50 from the bottom up, we enter the purchases.
We sell if:
Vstop red indicator;
We look forward to when the RSI indicator crosses the value of 50 from the top down, we enter into sales.
Exit position:
The exit from the transaction can be at the opposite signal of the intersection of 50 RSI indicator. You can use a fixed profit, or trailing stop.