‘20 Pips per Day’ is a
simple, free Forex scalping strategy. As you will deduce from the
name, the strategy allows you to make 20 pips per day.
Description of Forex Scalping Strategy
“20 Pips per Day” 1. You can open transactions with this Forex
strategy only after 11:00 GMT 22 :00 GMT . It is very important to
look through the news calendar beforehand to check if there is some
important news for today 3. If a release of important news is planned
for today, you should only open a transaction once this news has been
released. It should be noted that this rule also applies to any other
trading strategy, because many Forex strategies react after the
release of important economic data . If there is no important news,
you should trade from 12:30 GMT 5.
Time Frame 30 min.
Forex indicators
Simple Moving Average 20 period, close.
Momentum 30 period, close.
Currency pairs: majors.
‘20 Pips per Day’, as well as many
other Forex trading strategies, can bring more profit when using high
volatility trading instruments .
Trading rules
Buy
A buy trade should be opened when a
candle closes above SMA (20) and the momentum indicator is above 100
level.
Sell
A sell trade
should be opened when a candle closes above SMA (20) and the momentum
indicator is below 100 level.
Initial stop loss
20 pips , after 15 pips in gain move stop at the breakeven.
Profit target 20
pips.
In the charts
below examples of trades.
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