Thai Scalper System

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Name Time Frame Indicators Thai Scalper System 15 minutes and above Parabolic SAR (0.02, 0.2) , Stochastic Oscillator (5, 3, 3) USING THIS SCALPING STRATEGY We can start off by opening a 15 minute chart on your desired pair, preferably forex pair with low spreads. Attach the Parabolic SAR with the settings mentioned above The Parabolic SAR can be used by giving us a sense of direction similar to a moving average. Once we find a trend in the market, we want to keep an look out for a cross in t
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  Thai Scalper System15 minutes and aboveParabolic SAR (0.02, 0.2) ,Stochastic Oscillator (5, 3, 3) NameTime FrameIndicators We can start off by opening a 15 minute chart on your desired pair, preferably forex pair with low spreads.Attach the Parabolic SAR with the settings mentioned above The Parabolic SAR can be used by giving us asense of direction similar to a moving average. Once we find a trend in the market, we want to keep an lookout for a cross in the Stochastic Oscillator to confirm the entry USING THIS SCALPING STRATEGY SELL SCENARIO If the Parabolic SAR is in a downtrend we needto wait for a confirmation of the StochasticOscillator to cross above the 70 level. Once thesetwo criterias are confirmed, we would enter at theopening of the next candle. The stops can be kepton the high of the previous candle or can beadjusted/tweeked as per your risk appetite.  BUY SCENARIO If the Parabolic SAR is in a uptrend we need to wait for aconfirmation of the Stochastic Oscillator to cross belowthe 30 level. Once these two criterias are confirmed, wewould enter at the opening of the next candle. The stopscan be kept on the low of the previous candle or can beadjusted/tweeked as per your risk appetite. EXIT STRATEGIES Option 1Option 2Option 3Option 4 1:1 Risk to reward. If your stop is -12 pipsyour limit should be +12 pips.Open 2 lots. If your stop is at -10 pips, once yourtrades goes in your favor and you're at +10 pips, close 1 lotand let the other one run. Exit at Support and Resistance levels.Exit at the nearest 50 or 00 level. These are psychological levels. (make sure your exit is at least the same numberof pips as your stop, otherwise dont enter the trade)Trailing Stop. Once in a trade, at the close of each candle, place your stop 1 pip belowthe low (if in a buy trade). Vise versa for sell trade.
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