Rules for Scalping

Rules for Scalping in Spot Forex Market

Setups of the 0.3-minute Chart and the corresponding Indicators:

For Buy Entry, Observe:


1.Price decreases and drops outside the lower Keltner's band (period 20 / offset 2);

2.Full Stochastics (5,3,3); signal lines turn up from below 20% line towards 80-100% area;

3. CCI (Period, 8 / Signal ,0); signal line turns up from -100 line towards positive +100 line;

4. MACD (5,34,5); Red histogram changes to Green histogram; and also signal line pointing upwards.

Confirmation of high probability of profit with 1-minute chart and the setups:


1.Price also drops outside the lower Keltner's band (period 20 / Offset 2)

2. Full Stochastics (5,3,3) also turns up frpm 20% line towards 80% line;

3. CCI ( period 8, signal 0) turn upwards from -100 towards +100 line;

4.MACD (5,34,5) ; Red histogram changes to Green and also signal line points upwards.

For Sell Entry, Observe:

1.Price increases and protrudes outside the upper Keltner's band (period 20 / offset 2);

2.Full Stochastics (5,3,3); signal lines turn downs from 80% line towards the 20%and below;

3. CCI (Period, 8 / Signal ,0); signal line turns down from +100 line downwards to -100 line;

4. MACD (5,34,5); Green histogram changes to Red histogram; and also signal line pointing

downeards:.

Confirmation of high probability of profit with 1-minute chart and the setups:


1.Price also protrudes outside the upper Keltner's band (period 20 / Offset 2)

2. Full Stochastics (5,3,3) also turns downwards from 80% line towards 20% line;

3. CCI ( period 8, signal 0) turn downwards from +100 towards -100 line;

4.MACD (5,34,5) ; Green histogram changes to Red and also signal line points downwards..

Confirmation with Highest Probability of Profit with 5-min Chart and the setups.

5-min Chart setups


Keltner's Band same as for 0.3 and 1-min charts.


Full Stochastics set as ( 21/3/3)


MACD : (12/26/9)


CCI : 8 or 10, to get a smooth signal line