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scalping
Oct 18, 2023 at 10:50
Medlem sedan Dec 16, 2020
23 inlägg
NathanialChen posted:For scalping, key indicators often include moving averages, RSI, and Stochastic Oscillator, on shorter timeframes like 1-minute or 5-minute charts. Rapid decision-making is managed through strict risk management, predefined entry/exit points, and quick reflexes, but it's not for the faint of heart!
What are the key indicators and timeframes most effective for scalping in the forex market, and how do you manage the rapid decision-making involved
Medlem sedan Feb 12, 2016
108 inlägg
Oct 20, 2023 at 09:55
Medlem sedan Feb 12, 2016
108 inlägg
NathanialChen posted:Most of the short-term, ruled-based trading such as scalping, can be coded without much difficulty. You can also add exit rules into it (based some cancellation scenario like counter-pattern, or simple stop loss and take profit in pip). What is important in this approach is that you get significant improvement in terms of speed of making decisions, also bot's don't get tired so the risk of mistakes is pretty low
What are the key indicators and timeframes most effective for scalping in the forex market, and how do you manage the rapid decision-making involved
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