Forex Strategies Resources

236# David Bradshawfx Scalping System

Submit by Maximo Trader 07/09/2012

(Written by David Bradshawfx, source: http://www.davidbradshawfx.co.uk/indicators.rar

 

 

 

  This Scalping System can be traded on any time frame but its better to trade on the 5Min charts. Always trade between 02:00 EST (07:00 UK Time) and 12:00 EST, (17:00 UK Time) 

Open EUR/USD 5Min Chart, right click on the chart a window will open, click on Template, another window will open, select Davidbradshaw. This will place all the indicators on your chart and your chart will look like the one you have on the top here. Now compare your chart with mine and when you are satisfied, open 5Min GBP/USD, USD/CHF, USD/JPY, AUD/USD and USD/CAD charts too and populate these charts too with this template. Now you are ready to trade.

The Stochastics lines should be rising above the 20 level, if it is then go Long, meaning Buy and place your stop 2 pips blow the lowest of the last three candles. (You can Add the Levels 20 and 80 manually by clicking on the Levels Tab in the Zwinner _Stochastics Indicator) 
Once you are in the trade, exit and Take Profit when you see the "Zwinnercoloursignal" Indicator change colour to Red. 

Go Short or Sell when you see the Zwinner_colour_signal" Indicator change colour to Red and the Zwinner_Stochastics is going below the 80 level. Exit and Take Profit when you see the colour change to Aqua. 
This 
Scalping System is not 100% Mechanical. At times you would also need to use your own discretion. For example you can Take Profit when you see the Stochastic lines crossover much before the line colour has changed.. 
I am sure you will make many Profitable Trades by employing my Scalping System. 
I wish you Great Success as a Forex Trader. 

Regards


David Bradshaw fx Scalping indicators and template

David Bradshaw fx Scalping indicators and template
David Bradshaw fx Scalping Trading System 5min chart based on Zwinner Stochastic indicator
indicators and template.rar
compressed file archive [15.9 KB]
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In the pictureDavid Bradshawfx Scalping System in action.

 

 

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Comments: 1

  • #1

    Andrew (Tuesday, 03 December 2013 21:24)

    Great indicator. I just got it on the 30/11/2013 and i must confess this indicator is the best i have used in my 7 years of trading fx. Great work Mr. David Bradshaw.

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