Silver Trend Scalping is a simple and profitable Day Trading Strategy"
Introduction:
Scalping with Silver Trend is a day trading strategy that primarily focuses on pure trend following. This strategy can be applied effectively in both shorter and higher time frames. Its core strength lies in executing swift trades, a key ingredient in achieving profitability through trend following. The system relies on two non-recalculating indicators - Silver Trend, which defines trends slowly, and the rapid-timing indicator, Raptor, for prompt entries and exits. This article will provide insights into setting up and applying the Scalping with Silver Trend strategy.
Setup Strategy:
Time Frame: 15 minutes or higher
Currency Pairs: Any, including cryptocurrencies, synthetic indices, VIX, Boom, and Crash
Metatrader 5 Indicators:
Silver Trend
Non-Repainting Star (fast moving averages)
Trading Rules for Scalping with Silver Trend MT5:
Trade in the direction of the trend when Silver Trend and Non-Repainting Star indicators are in agreement.
Buy Signals:
Look for a green line on the Silver Trend indicator.
Observe the Non-Repainting Star indicator positioned below the candle.
Enter a buy position at the opening of the next candle.
Sell Signals:
Identify a red line on the Silver Trend indicator.
Notice the Non-Repainting Star indicator above the candle.
Execute a sell position at the opening of the next candle.
Exit Position:
Place the initial stop loss below or above the Silver Trend line, or at the previous swing high/low.
Exit your position when the Non-Repainting Star indicator changes direction or when the Silver Trend changes direction. It is advisable to prioritize swift profits with a stop-loss ratio ranging from 1.1 to 1.4, depending on market volatility.
Note: It is advisable to focus on currency pairs displaying clear trends, particularly in the 12-hour or daily time frames.
In conclusion, Scalping with Silver Trend offers a straightforward yet successful system suitable for traders of all levels. It educates beginners on the principles of trend following trading while adhering to established rules.
Example Trades:
To illustrate the effectiveness of the Scalping with Silver Trend strategy, here are some practical trade examples that demonstrate its application in real trading scenarios.
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