Two percent daily is a breakout
scalping strategy. Two Percent Daily” method that explains how to
profit by combining them and from using them in a unique way by
incorporating high probability entries, strict money
management and trading discipline.
Time Frame 15 min.
Currency pairs: EUR/US, GBP/USD,
USD/JPY.
Low spreads.
Open a 15min chart
The “Two Percent Daily” method
scalps pips when price breaks through major support and resistance.
There is always an opportunity to grab at least a few pips and on
some occasions catch a runner. The emphasis is on money management as
one needs to minimize loss and lock in profit
at the first available opportunity.
Ensure that you are ready to perform the following actions on EVERY
trade:
Set a stop loss of 10 pips (2% of your
account)
Set a trailing stop of 3 pips
immediately when 3 pips in profit
This will keep you out of trouble and
is the main concept that you must follow in order to reach at least
10 pips every trading day.
Entry
Wait for the m15 candle to close. Enter
long 1 pip above the blue dot of the closed candle and short 1 pip
below the red dot of that candle. You should use pending orders to
ensure you enter at the correct price. Add the spread to pending
orders when looking to go long.
If your broker does not allow hedging
then place an order at the closest dot and watch to see if price
begins to head towards the other dot – in which case you would
change your pending order. Pending orders are valid until they are
triggered or until another dot appears on an m15 candle.
Exit
Set a break even at the earliest
opportunity and trail the price closely to lock in profit and milk
the small and big moves.
Profit target GBP/USD 8 pips, EUR/USD 6
pips, USD/JPY 7 pips
Forex tool: draw support and resistance
line or apply MT4 template.
In example GBP/USD 15 min chart 6
trades win 0 loss 48 pips in gain.
Below the link for download Two percent
daily MT4 Template.
https://drive.google.com/file/d/0Bwjv2Pbf48itR2NzT3BMQWtwMUU/view?usp=sharing
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