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10 Pips Per Day Scalping Strategy

trading strategies Sep 30, 2016 10 Comments

Learn how to use the 10 Pips Per Day Scalping Strategy. Read the article to trade
this strategy.

Name : 10 Pips Per Day Scalping Strategy

Time Frame : 5 to 15 Minute Charts
Indicators : Bollinger Bands (20, 0, 2) and Stochastic Oscillator (5, 3, 3)
Strategy By : Analyst Navin Prithyani (forexwatchers.com)

How to make 10 pips per day in Forex

First you want to setup your charts similar to the image above. If you want to use
the Stochastic indicator like mine, you can find it in the forums. Now the key is not
to earn 10 pips in one shot or in one trade. If the trade skyrockets and gives you 10
pips, then so be it. Otherwise, take what you can get. The risk to reward ratio on

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this scalping strategy is bad, but it has a higher accuracy rate. So please trade at
your own discretion.

Steps to look for to scalp your 10 pips

- Look only on the major pairs. (EURUSD, USDJPY, GBPUSD, USDCHF)
- A close must happen outside the Bollinger Band indicator
- The Stochastic Oscillator indicator must be in a oversold (below 20) or an
overbought area (above 80)
- If the market is in an uptrend, look for a red candle. If the market is in a
downtrend look for a green candle
- We will call these the “Signal Candles”
- Once you see your signal candle, enter in that same direction and scalp your pips
- Stops are hard and should be kept at 20 pips

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Name

Adabi • a year ago

Hi Armand!
Does Bollinger Bands with 20,0,2 mean that the deviation parameter is set to
zero and the shift is set to 2 or is it a typo? Usually the default is 20,2,0.
TIA for your answer.
Adabi.
△ ▽ • Reply • Share ›

Armand L'Ortije Mod > Adabi • a year ago

The middle MA is represented by the 20
And the standard is the upper and lower bands are generally set to 2
standard deviations away.

If you see it on Navin’s video - he usually doesn’t change the indicator

settings - he generally uses the default settings.
It may be a typo or it may be how that charting platform writes it :)
2△ ▽ • Reply • Share ›

Rajesh Kannan • a year ago • edited

is this 5m ttf?
can we use it in 1 m also?
△ ▽ • Reply • Share ›

Armand L'Ortije Mod > Rajesh Kannan • a year ago

Yes.
And yes, that's possible :)
1△ ▽ • Reply • Share ›

Trần Quốc Việt [Michael Tran] • a year ago • edited

" If the market is in an uptrend, look for a red candle. If the market is in a
downtrend look for a green candle"
==> It means that we must to wait the next candle (red/green). After that, we will
trade follow, right ?
△ ▽ • Reply • Share ›

Armand L'Ortije Mod > Trần Quốc Việt [Michael Tran] • a year ago

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