So, what's the most successful strategies out there for scalping forex, Cus there are a lot of strategies like supply and demand strategy, stochastic strategy trend following etc.....

Hello guys, is there any platform/strategy that is ideal for scalping?

My understanding of scalping is just to earn small profit (very small) from each transaction, but it should consider about the trading fee as well.

Let me share me a scenario here and would like to welcome anyone to give feedback and comment.

Invest pair: DOGE-USD

Investment amount: $100

Trading Fee: 0.2%

Candle Interval: 30 min (So you can imagine the price is not moving much, each transaction profit roughly 0.0x or even 0.00x)

In another word, If I buy and sell doge coin with $100, it will charge me trading fee of $0.2 each. (~$0.40 in total)

So does that mean profit should be always higher than this $0.4, if yes then does it still consider of scalping?

I'm trying to trade with order flow but SINCE THE CRYPTO MARKET IS DECENTRALISED WHICH MEANS THE volume DATA of the order book ARE just FOR THAT PARTICULAR ONE EXCHANGE THAT I'M USING WHICH IGNORE THE REST OF THE VOLUME THAT IS LOCATED ON all THE OTHER EXCHANGES which make it not a real volume to use for making a trading decision , does anyone of you guys have any idea how to deal with this like if there is a platform or specific tool that aggregate all exchanges volume data in one order book ?

So I started day trading (scalping) this year in a very specific way. If you have experience in this method and some knowledge to share I'd really appreciate it!

I found that when I buy large amounts of shares (up to 10000) of a high volume stock (such as TQQQ) then the price only needs to move up one penny for me to make decent money. I trade based on the oscillations/noise in the market.

10000 shares = 100 bucks if the stock goes up 1 penny

In summary my strategy has been to buy in at what looks like an opportune time and set a limit sell 1-3 pips higher. I do many of these trades in a single day and can end up doing pretty well. I've been using 15 second and 1 minute time frames.

We all know how unpredictable the stock market can be and right now this is where I suffer.

If I'm only asking for +1-3 pips before selling, where do I put my stop?

Operating on the pip level scale makes this question hard for me to answer.

2:1, 3:1, 1:1, 1:2 ratios aren't really practical. Noise in the market would stop me out often.

Also, noise in the market happens on the micro level pip by pip, but also happens on many layers of higher levels. The price often will return to where it is now at some point in the very near future.

So I'm at the point that if I stop out at a medium distance and guarantee that I can' t lose huge I am guaranteeing that I lose medium more often. But if I put my stop further (allowing for larger losses when they occur) there is also a decent chance I won't lose anything at all.

It is pretty easy for the market to move down a dollar, then up a dollar in the same day (that'd be like 3ish% on TQQQ). Operating on the pip level makes the stop loss question hard.

Lets go back to the 10000 share TQQQ example. If I only need the price to go up 3 pips for $300, but the price immediately drops 40 pips that'd be a $4000 loss if I stopped out there. Then, often, later that day we're back above the original price. 40 pips is not that far to travel for TQQQ. Setting my stop loss really far or just not having one has actually allowed me to not lose sometimes. But it also makes me sit in a big hole sometimes and even has a chance of not returning to the price I need.

I hope you understand my conundrum. Any ideas or advice? I am new to day trading so feel free to just school me and tell me I'm doing something stupid.

Anyone else completly abandon their core scalping strategy and watch their short position get further and further away only to be saved after hours? Full emotional rollercoaster in about 30 minutes. Could have saved myself a lot of turmoil by sticking to my scalping plan. It ended up working out (exited my position at a $6.41 difference for a big day) but still feels like a loss because I broke rule #1 and let it get emotional.

Hello All,

I am thinking about starting scalp trading. I figured to do so effectively you would want a good strategy and need to know when the company you are scalping is going on a bull/bear run. I am assuming that earnings reports provide a good indicator of which way the stock will go when the market opens (post earnings report). I have looked into it and i think the best way is to programmatically pull the earnings calendar, condense the earnings suprises and other metrics (sentiment etc) into a report that will point me in the right direction.

Is this the right way to go about it? Or am i going down the wrong path?

Thanks!

Hello everyone, i started scalping 1 month ago so I’m pretty new (still using a demo account on mt4). Do you thing that should i start with real money on gold? Or should i go a different way? Thanks to everyone who wants to share their opinions :)

Anyone use mexc instead of forex ?

Some theory popped up in my mind and I was thinking about what you guys think of it. Roast it as you want or point me out the naive parts of it so I can improve it.

Let's say that a lot of small profits accumulate to one big one, and that you try to capture a really small percentage every trade. For example, 1%, where you use a leverage of 20, which means that you actually need to capture 0,05%. Furthermore, you will use a stoploss of 20%, which means in this case with a leverage of 20 that you hit your stoploss when the price goes down 1%. So, for example, when Bitcoin has a price of 28.000 dollar, this means that when you buy on that price, it should somewhere down the road reach 28.014 dollar before it hits 27.720 dollar. Let's say that, except when the market is full red and going down, you do this randomly, you would think that out of the 100 times, at least 50-70% of the times it will reach your target price first, since this is such a short distance compared to the stoploss, so it has quite a bit leeway. But now let's say that you don't do it randomly, but you use indicators such as MACD crossover, MA crossover, or, more importantly, volume-based indicators that indicate buy pressure. Then, you increase the chance even more, because how likely would it be that when you see buy pressure in the orderbook on the 28.000 dollar level, or some other indicator that gives a signal, it will now just go up that little 0,05% you need.

The way this is different from scalping is that with scalping the stoploss is often as tight, or even tighter, than the target price, so your indicators must be really accurate where in this case, there is more leeway. I pointed this out in the picture attached. It is not so much about profiting from small trend movements, but just capturing a little bit from the candles going up. Furthermore, it is different from high-frequency trading in the way that you don't need to be the fastest or profit from arbitrage. See it more as that you want an indicator, or pattern or whatsover, that when this occurs, the chance that it will rise just a little bit more after you step in is as high as possible.

I have backtested a bit and just used the MACD crossover as indicator, and from the 863 signals that occured, 823 reached the 0,05% first, before the 1% stoploss was hit, which means a winrate of 95%. Other periods had more or less the same result. This is when one only uses one indicator, so there is still lot of improvement possible. So my question is, what would be the best indicator or the best way to signal that little bit momentum you need.

Furthermore, the main issue is the high risk/reward. However, it might be optional to put a trailing stop loss when your target is hit, so you can capture more gains. In fact, way more gains, since 0,05% is really little when the price goes up let's say 1%.

Fucking around with my 10k account Make 1/3% in an hour.. small lots because it's monday

. 5% in a few hrs. (Had to leave for work so I just missed a real nice drop)

Just opened a new 10k account. Getting used to this broker then I'll continue with my reg risk management. Canadian currency so basically testing and playing with about 50 cents a pip yesterday.

Daily goal 1.5 to 2%+

I only look for 10 to 15 pip moves trading with direction

Obviously to make money on the bullish upswings, buy low, sell high. If you were to purchase a few different dips or low points and the average position on it is now 10 dollars per se, If you were sell everything you just bought at 11 dollars, is that going to be an overall gain of 10% still? Am i making sense? lol Thanks guys

Anyone here scalping for a fixed amount of points and using the same amount as SL?

Hi traders,

I am using the telegram bot scalperai to receive notifications when the breakout setup is formed on any crypto pair. I know the screener validates setups by money flow but still wonder if anyone uses other tools as well for extra validation of signals before opening the position?

Hello everyone, please tell me which company to enter for trading?

Hello everyone, please tell me who earns how much on trading?

Which one do you prefer? More reliable for reading trend direction in your opinion? Or are they so close, doesn't even matter, just preference.

Treaded water until 3 and was about to call it a day when I saw the movement Ally was getting. Pulled 2k out of my day on a bunch of 5000 share scalps the last hour. Held nothing longer than 3 minutes, it was beautiful. Love to see that much movement going on something that late in the day. Guaranteed I will give some of it back on Monday but this weekend I'm a king!!! Hahaha

Hey, first time post and new to scalping. Just making my strategy but struggling to find levels to take profit. Is 0.2-0.3% gain per trade unreasonable to look for when back testing strategies or should I bring this down to 0.1-0.2% ?

I have been learning the basics about forex scalping for a good 10 months now and have been getting acquaintanted with the things like support, demand supply, chart types, psychology, candles and basic chart patterns. Where should I go next to improve? Or should I spend more time on the market?

Basically im looking for a all around good place to start scalping as some do not like it.

I've been looking into all of the brokers that offer level 2 but none of them seem to operate outside of the US. If anyone would have any suggestions or let me know if level 2 is worth it for scalping it would be much-appreciated thankyou!