Wednesday, February 10, 2016

Thread Rules
If you post Nonsense or Not Related things, I will ignore you from posting.
If you bash people around, i will ignore you
Broker Discussions are not Allowed. Do your research
All indicators used, you can find free scattered around on different forums.
If you don't want the DLL indicators, just remove and replace with Bollinger Bands and Moving Average
All Indicators uploaded DOES NOT Repaint after bar is closed. Always read price/enter trades on Bar Close.
I don't want questions regarding repaint, think before you speak or i will ignore you from posting here


TimeFrame
You can use ANY time-frame, but i prefer M1,M5 M15 during the London and US trading session.

Profit/Loss to Expect on Average
M1 - 4 to 7 pips
M5 - 8 to 12pips
M15 - 12 to 20pips

StopLoss
Basic: Use Stop Loss EQUAL to Take Profit
Advance: Swing Low/Swing High, Support/Resistance, Supply/Demand, ATR Based


BE SMART IN PLACING YOUR SL
Best practice is to use Hidden SL! Never show your real SL to Broker specially for scalping.
I guess you already know the "tricks" that brokers do


Pairs
I trade major pairs. Use pairs with lowest spread possible. Recommended 1.5Pips Max Spread


Buy Rules
1. Using ADR, Todays range should NOT exceed the 5 day to 30 day range
2. MA Histogram is BLUE
3. Price touch or go Below lower MA band (Pink Line)
4. DSS Dots went below 20 and color turns PINK
5. Enter when DSS becomes BLUE and bar is closed
6. Dont trade when PA is near Upper target band. There will be no room for profit (Optional)

Exit Rules
1. Exit when price touch upper MA band
2. Exit in pips profit you prefer (around 5-20pips depending on timeframe)



Sell Rules
1. Using ADR, Todays range should NOT exceed the 5 day to 30 day range
2. MA Histogram is PINK
3. Price touch or go Above upper MA band (Blue Line)
4. DSS Dots went above 80 and color turns BLUE
5. Enter when DSS becomes PINK and bar is closed
6. Dont trade when PA is near Lower target band. There will be no room for profit (Optional)

Exit Rules
1. Exit when price touch lower MA band
2. Exit in pips profit you prefer (around 5-20pips depending on timeframe)



Indicator$ & Template

FF Scalper.zip   

FF.tpl 
Start trading Forex without risking Money.
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Start trading Forex without risking Money.
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