Who’s online There are currently 3 users online. Submitted by Edward Revy on June 14, 2007 – 01:53. Memahami macd forex scalping scalping has gained high popularity nowadays. We welcome you to explore our free and steady growing collection of Forex scalping strategies and ideas!
Yes, true scalping involves risks as well as any other type of trading. But if done correctly Forex scalping provides an additional degree of risk management as a result of holding trading positions for a very short period of time as well as constant monitoring of the price and collecting quick profits as they appear. Please, do not forget to read our disclaimer policy. In short, Forex scalping systems you find below if used will assume trader’s own risk and full responsibility.
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As a professional trader spending hours on hours per week looking at charts, you start to develop a technical vision which unconsciously lets you see cardinal points in the market, overlooked by the untrained eye. After working with it manually for several years and taking very nice profits from the market, I have started the phase where I am trying to automate my rules of trading as much as I can. Pips Carrier is one of them. A late night dinner with a dear friend led me to a decision.
Why not publish it and let others enjoy it as well, and, more importantly, profit from it? In addition, releasing this system goes hand in hand with my primary goal, which is to increase the level of trading for many traders out there. Pips Carrier, which turns out to be a piece of cake even for beginners, allowing them to produce amazing results right from the start. My belief is that even a trader who uses technical analysis must understand the basics of the indicator he uses in his day to day trading. The first indicator I want to talk about is the MACD indicator. MACD stands for Moving Average Convergence Divergence.
It is a very important indicator. The MACD indicator consists of 2 moving averages and a histogram. The one you got with Pips Carrier follows the classic form of the MACD. Zero level is the most important level of this histogram. You notice that the histogram consists of several slopes. A histogram’s slope determines the current direction of the market. If a histogram is above zero level and its slope is facing down, this is a sign that the market is expected to decline.
If a histogram is below zero level and its slope is facing up, it means that market is likely to go up. Then we want it to start declining towards the zero level. After it nears the zero level, we want it to reverse and go up again. This situation indicates that the market is on its way to a reliable uptrend, one that will allow us to join it. Then we want it to start rising towards the zero level.
After it nears the zero level we want it to reverse and go down again. This situation indicates that the market is on its way to a reliable downtrend, one that will allow us to join it. We want to join this downtrend. Now, you are probably wondering: when exactly should we enter this trade? Level 80 reflects the overbought zone and level 20 represents the oversold zone.
I assume that when the market reaches these levels, it is about to change its direction. So, if the Stochastic reaches level 80, I would expect the market to turn down. If it touches level 20, I would expect it to go up. After we’ve learnt about these two indicators, let’s see exactly how we should execute trades.