Range breakout scalping is a simple and easy method for trading. This method it’s based on six ranges of the price in the London and New York sessions. The range of the price is of 30 min,. The trades of this strategy are very fast.
New York Session
Range prices:
London Session
1) 9:00 9:30
2) 10:00 10:30
3)15:30 16:00
4) 16:30 17:00
5) 18:30 19:00
Trading Rules
Setup
Place two pending orders.
Enter on a buy stop order 2 pips above the high of the 30 min range,
Enter on a sell stop order 2 pips below the low of the 30 min range.
Profit: 5-pips profit .
Stop loss: 7 pip's exit or close out position at the five minutes.
Apply this strategy 3 or 4 financial instruments and have the chance to win 120 pips per day.
In the example the strategy is applied to EUR / USD on 12.18.2015.
4 profit and no loss.
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