THE STOCHASTIC SCALPER TRADING STRATEGY

An easy-to-use scalping strategy that combines a SMA for trend identification and the Stochastic as a trigger. It can be used for trading any financial asset.


TRADING STRATEGY

Style: Scalping Strategy

Name: The Stochastic Scalper Trading Strategy

FINANCIAL ASSETS

Forex Majors | Metals and Energy | Stocks | Indices



TIMEFRAME

M5 timeframe (5-Minutes)

■ 10-15 daily trades



INDICATORS & SETUP

This strategy combines the Stochastic Indicator with a Simple Moving Average of 200 periods.

Stochastic Oscillator

-Settings at 10,3,3 instead of the standard-setting (14,3,3)

Simple moving average (SMA) with settings:

-200 periods



TRADING SIGNALS

This is how you may implement the Stochastic Scalper Strategy.

The 200 SMA is used as a simple tool for determining the master trend. If the price chart is above the 200 SMA then there is an Uptrend while if the price chart is below the 200 SMA then there is a Downtrend.

■ (↑) Long Trades

Each time the price of an asset is above the SMA 200 and the Stochastic is recovering from 20 you get a Long Trading Signal (buy the market).

■ (↓) Short Trades

Each time the price of an asset is below the SMA 200 and the Stochastic is falling from 80 you get a Short Trading Signal (sell the market).



TRADING ORDERS

■ Take Profit: 20-30 pips | ■ Stop-Loss: 20-30 pips | ■ Profit/Loss Ratio: 1

In the chart, we have implemented this strategy on EURCAD but it is better to prefer currencies that are traded in narrower spreads.

CHART: The Stochastic Scalper

An easy-to-use scalping strategy that combines a SMA for trend identification and the Stochastic as a trigger


 

 

FIND ALSO: ► EA BUILDER TESTER | ► GET STARTED WITH FOREX | ► TRADE SYSTEMS

STRATEGIES: ► DAY-TRADE | ► SWING-TRADE | ► SCALPING STRATEGY | ► BINARY STRATEGIES

FOREX RATINGS: ► DIRECTORY | ► TRADE SPREADS | ► FOREX SCALPING | ► SWAP RATES | ► FUNDS SAFETY

 

 

■ The Stochastic Scalper Trading Strategy

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