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Trade this system from around 7/8 gmt to 16/17 gmt

Avoid news times and especially 13:30 gmt

Indicators: StepMA-Stoch
Inverseind with Ema50
EMA50
CatFx50

We are jumping in when a new bar opens after the cross. It is mandatory that StepMa-Stoch makes the cross too and yellow line opens below (sell)/above (buy). If Step does not do this, the trade is not validated.

TF30 min

We only go long when price crosses EMA50 and next bar opens above it.
StepMa_Stoch must cross as well in the same direction. The open of new bar must have yellow line above blue one. StepMa_Stoch must validate the cross of EMA50 by price. IT IS MANDATORY.

We only go short when price crosses EMA50 and next bar opens below it. StepMa_Stoch must cross as well in the same direction. The open of new bar must have yellow line below blue one. StepMa_Stoch must validate the cross of EMA50 by price. IT IS MANDATORY.
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Setup:

* Open up a daily chart on EUR/JPY.
* Apply Bill Willam’s Accelerator Oscillator (AC).
* Apply Stochastic with setting 5,3,3 on top of AC. Use the template if don’t know how to.
* Try and use demo MT4 from ODL securities. Every broker has different time when they start a new daily candle.
* ODL seems to have the time that works best. I only use their demo account for charts and place my trades on totally different broker.

Short Entry: RED AC below 0 and Stot below 0
Long Entry: Green AC above 0 and Stot above 0
Exit: OppsiteBuy/Sell signal or as per Money Management.
Filter: Apply 200SMA. If price is below 200SMA then only take short trades. If Price is above 200SMA then only take long trades.

Money Management:

* Trade with 5 Lots with Stop Loss 100 pips away
* Take Profit on 1st Lot at 50 pips. Move Stop Loss to Break Even (BE).
* Take Profit on 2nd Lot at 100 pips.
* Take Profit on 3rd Lot at 150 pips.
* Take Profit on 4th Lot at 200 pips.
* Let the 5th Lot run until you see an opposite entry signal.
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“Scalping” can have various descriptions depending on whom you ask.Some folks would say that some “Forex Surfing” techniques are considered “scalps” due to small size and duration of the trades. Different trades have different techniques for scalping, but one thing that can be universally agreed upon is that scalping involves tiny trades (both in amplitude and duration).

Typically. “scalping” is specialized technique that involves making tiny trade to capture a very small movement in the market. Whereas a “position trader” may engage in trades that are intended to last for multiple days to months (aiming for targets of hundreds to thousands of pips), and a “day trader” typically engage in trades that are intended to last for less than a day (aiming for targets ranging from 20 to 100 pips), a “scalper” engages in trades that might only last a few minutes for targets of 5+ pips.
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