剥龙头 (Scalping The Dragon)

Hi to all. I want to share my scalping method(s) here with everyone. I have benefitted from this forum and must say I have never been the same since i joined. Thanks to all the contructive guys here.

I have tried virtually so many trading systems here and have blown to shreds so many live accounts in five years but in the end, i have evolved to be a trader with proofs to show.

With the help of you guys, i have been able to achieve a goal i set for myself and even far more. And in return, I share my GBPJPY scalping strategy.

I trade ONLY the GBPJPY so please don't discuss any other ccy here. I trade ONLY with the TREND as it is my best friend!

THE SYSTEM

INDICATORS:
= 12 and 24SMA applied to close.
= Heiken Ashi

TIME FRAMES:
= 1HR
= 5Min

CHARTS SETUP

Apply ONLY the 24 SMA on a 1HR chart
Apply the 12 and 24 SMA on the 5mins chart
Apply Heiken Ashi to your 5mins chart
Apply period separator to your charts.

THE RULES

=Wait for the 1Hr candle on the period separator to open and close. If it open and close below the 24SMA, then we are in a down trend for the day unless/until it opens and close above it again.....and vice versa.

=switch to your 5mins TF. Go long at market IF we are in an uptrend.....and vice versa.

=Heiken Ashi is for re-entry based on plan

For re-entry, we look for candle(s) with blue Heiken Ashi for re-entries when selling and vice versa.

RISK

I don't risk more than 5% on this. I divide my risk into three (3) according to plan. 1st lot is 2%, 2nd is 1.5% and 3rd is 1.5%. T otal is 5% of my equity.

=SL is 30pips
=TP is infinity
=I use a trailing stop of 30.

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