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Great GBP/JPY 1M scalping strategy

Discussion in 'Metatrader' started by georgeharrison, Apr 13, 2009.

  1. georgeharrison

    georgeharrison New Member

    Mar 20, 2009
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    Hi there , anyone worked with this scalping strategy, can you explain?
  2. Mirkinbar

    Mirkinbar New Member

    Feb 13, 2008
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    This is an extremely rewarding scalping technique. It seems to work on almost all the standard pairs, not just the GBP/JPY.

    Definitely good for grabbing 4 - 10 pips and getting out.

    I think this strategy would be excellent with a tight trailing stop loss EA and using .1 - 1 lot depending on your account size.

    If you can place 10 of these trades a day and your account is big enough to use a standard lot, you can easily make 400 - 1000 bucks a day.

    10 trades shouldn't be a problem in one day. S/L is tricky with this method. It's almost impossible for the trade to turn extremely against you, so I would advise a larger S/L to allow for a moderate amount of cushion. Just make sure your R/R ratio is appropriate.

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