💹

Effective Scalping Strategy for Forex Trading

Aug 12, 2024

Scalping Strategy Overview

Welcome to FX Accurate! This video reveals a simple and profitable scalping strategy with a high win rate.

Key Indicator: Hull Moving Average (HMA)

  • Fast Moving Average: Eliminates lag and improves smoothing.
  • Trading Signal: Generated when HMA crosses above or below its past two candle value.
  • Usage: Can be used for momentum and trend analysis.

Trading Tools

  1. Hull White Line: Red and Green colors indicate market direction.
  2. Follow Line Indicator: Red and Blue colors in the middle.
  3. QQE Mod Histogram: Positioned at the bottom.

Trading Setup

Buy Conditions (Long Position)

  • Hull White Line: Green
  • Follow Line: Blue
  • QQE Mod Histogram: Green
  • Candle Formation: Bullish candle
  • Action: Place Buy Order
    • Stop Loss: At the Follow Line Indicator
    • Risk to Reward Ratio: 1:2

Sell Conditions (Short Position)

  • Hull White Line: Red
  • Follow Line: Red
  • QQE Mod Histogram: Red
  • Candle Formation: Bearish candle
  • Action: Place Sell Order
    • Stop Loss: At the Follow Line Indicator
    • Risk to Reward Ratio: 1:2

Important Notes

  • Always trade with the trend; never against it.
  • Strategies do not guarantee 100% success; losses can happen.

Example Trades

  1. Trade 1: Euro/NZD with conditions fulfilled for sell; trade in profit.
  2. Trade 2: Conditions fulfilled for buy; trade in profit.
  3. Trade 3: Conditions fulfilled for sell; trade in profit.
  4. Trade 4: Conditions fulfilled for buy; trade in profit.
  5. Trade 5: Conditions fulfilled for sell; trade lost.
  6. Trade 6: Conditions fulfilled for buy; trade in profit.

Setup Instructions

  1. TradingView Setup:
    • Search for "Follow Line" and apply.
      • Change settings: Hide shapes, BB period 21 to 6.
    • Search for "QQE Mod" and apply.
    • Search for "Hull Suite" and apply.
      • Change settings: Length 55 to 60 and Length Multiplier 1 to 3.

Conclusion

  • If you liked this strategy, please subscribe to the channel for more videos.
  • Thank you for watching!