The proposed 15-minute strategy is perfect for beginners who traditionally prefer short-term intraday deals. Scalping attracts novice traders beleggen voor beginners forex trading a magnet to the detriment of technical analysis and risk control.
You can accept the fact that it’s difficult for beginners to master a mass of indicators, but even a basic understanding of candlestick analysis can generate a regular income. If you can find a stable working scalping strategy on time, the trading account has a good chance to “survive” while its master trader gets technical knowledge and practical experience. This 15-minute strategy stands out among the various scalping systems because it was specially designed to work with popular currency pairs on short timeframes. The method is based on using a combination of standard candlestick analysis with a high degree of reliability. Now we need to define a “free candle”, which became the basis of this 15-minute strategy. This is considered to be a fully formed 15-minute candle, body and shadows of which do not touch the built moving average, despite the fact that its closing price is above the previous high for the uptrend or below the previous low for the downtrend market.
On a real chart, such candles appear quite often and give good entry points. Hammer”, “Doji”, as well as the gap situation are not used for analysis. Important: the body of the “free” candle can be long enough, i. Asian volatility may not be enough. 15 minutes, but you can actually try larger timeframe as well. Then analyze the candles location relative to the line, looking for free candles.
To enter sell, you need a “free” black candle located below the moving average. Important: the 15-minute strategy gives a profit only in standard conditions. Open position can be hold at the market price until the distance from a closure point to the average is at least half of the “free” candle. A good time to enter with the main currency pairs is 15-30 minutes after the opening of the European session, when the market has already decided on the direction of the market. The average time for an open transaction is up to 1 hour. Work without stops is not recommended. Important: the proposed 15-minute strategy is trend only and it is not recommended to use it even for the wide flat.
You can try the options of 15-minute strategy options with another EMA period: the less the average daily volatility, the slower moving average should be. Usually there is a temporary rollback from the trend movement at the beginning of every hour, so it is not recommended to enter during the first 15 minutes of the hour. Important: the method works steadily on the currency pairs, but is absolutely not applicable to any futures, where even when moving along the trend, the large “rollback” candles are consistently observed, which distort analysis and unnerve the trader. Trading system “Free Candle” is quite efficient in terms of the expectation: if you make deals not often but only in the most reliable configurations.
Since it uses the conventional principles of candlestick analysis, you can try the simultaneous operation on several instruments at a reasonable capital management. Do not forget: the longer the period, the stronger the signal. This simple 15-minute strategy is useful to both beginners and experienced traders to earn on a quiet, predictable market as a small profitable addition to more complex trading systems. All information is provided for reference and cannot be considered as a recommendation. Scalping Forex Brokers 2018In the process of searching a reliable brokerage for online currency trading a trader encounters a variety of difficult tasks and hard choices. The reason is that if the trader prefers so called scalping trading strategy, this makes the search much more difficult, as most dealing centers disallow the usage of this strategy by their customers.
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