Hi, this is Maria. Today I want to share a quick scalping strategy so you can trade GBPUSD and get 5 pips every time. This strategy and many more are included in the ebook Forex Trading Strategies, in the Scalping Chater.

6. GBP/USD:

Time Frame: 5 min.; chart

Indicators: MACD (5,8, 9)

SAR on MACD (0.1, 0.11)

SAR on the chart (0.1, 0.11)

Trade only from 7:30 am EST to maximum 11:30 am EST Preferred day Tuesday to Friday.

Once both SAR are in agreement (the same buy or sell opportunity) enter with either 1 order (to get 5 pips and leave the trade) or 2 orders at once (to chase the market further).

A stop loss is adjusted upon entry to the last but one SAR dot on the chart. If at the

moment of the entry there is only one dot on the chart-set stop at this dot.

Profit target: 1^st. 5Pips

2^nd only when an opposite signal appears both SARs change direction or when the stop (by that time is usually a profit stop or at least a break even situation) is hit. If before that you feel that profits are already high to keep lock them earlier.

Want an even better entry? Then open an additional 1 min. chart with the same settings and once got a signal from 5 min. chart, look at 1 min. Does the price confirms/moves in your direction or it is going the opposite way. Wait until the price on 1 min. chart aligns with 5 min. chart.

Best regards,

María

www.fx-megaforex.com

Smart solutions to your professional trading

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