This system is designed to scalp in the market. Not everyone likes to scalp and not everyone can scalp in the market. So this forex trading system can be useful to only certain groups of people who are aggressive scalpers.

Scalping are done using smaller time frames like one minute, 5 minutes, and 15 minutes charts. So, be sure that the time frame is small. When you scalp there are certain things you should keep in mind in order to make your trade effective and even to minimize the risk and maximize the gain.

When you are scalping, spreads also matters much as you will be trying to grab few pips out of every single trade. There are two indicators in the main chart and two indicators in the indicator window. Pet-D Scalping System automatically draws the Fibonacci levels on the chart. When Pet-D Scalping System is loaded in a right way in your forex trading software, your chart should look like this:. Pet-D indicator is a special type of custom made chart.

It is a bar chart but the colors are differently displayed so that it becomes easier for the traders to identify the market direction. SpudFibo is a Fibonacci levels that are automatically drawn by the Pet-D Scalping system. Trend CCI is a technical indicator which fluctuates in positive and negative territory. The idea is to buy when the CCI indicator is in positive territory and vice versa. Basically, you should be looking for a buy position when the RSI is above the level of 50, and you should be looking for a sell position when the RSI is below the level of Open demo account to test this system.

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Sell signal Pet-D red bar, Double CCI histogram red, RSI is below 45 level. Set your initial Stop loss at the previous swing after 8 pips in gain, move stop loss at -2 pips or breakeven level. To download the Pet-D Scalping System for Metatrader 4 MT4 for free just click the button below:. Previous post. Next post. Skip to content. How to trade with Pet-D Scalping System?

Open long trade when the following conditions are met: Buy signal Pet-D green bar, Double CCI histogram green, RSI is above 55 level. Open short trade when the following conditions are met: Sell signal Pet-D red bar, Double CCI histogram red, RSI is below 45 level.

This trading system is designed for scalping — short-term trading for the purpose of quick profit making. The system can also be used to trade binary options. In the case of binary options trading, the expiration date of contracts is candlesticks.

Binary options brokers often give the opportunity to trade indices and metals. The recommended time for trading is the opening of the London session. It differs from other candlestick coloring indicators by the fact that the tendency to price changes is determined earlier. Two more indicators are used to filter the main signal in the system.

It combines two Commodity Channel Index CCI indicators with periods 6 and 14, as well as red or green bars of the histogram clearly shows the direction of movement. The stoploss is set below the nearest Fibonacci level or the minimum of the day.

The stoploss is set above the nearest Fibonacci level or the maximum of the day. Exit a fixed Take Profit deal at pips or Fibonacci levels. It should be noted that not all brokers allow short-term trades Scalping. But there are also suitable brokers for scalping. Such a list can be found on our website. Download system files. Forex Broker Swaps brokers HOW TO CHOOSE A RELIABLE BROKER? How to choose a Forex broker? Analytics Graphics Quotes for real-time trading Forex Blog Beginner Trader Forex Basics Forex Indicators Forex Strategies Forex Psychology Forex tools An alternative to trading All about brokers Cryptocurrency Binary Options Strategies English Polski Deutsch Español.

It encourages you to make use of a number of key qualities that you really need to have in place to be consistently successful. We also use third-party cookies that help us analyze and understand how you use this website. Double CCI and RSI Scalping. ForexPipTaker will show you how to go from placing 10 trades a day to only placing 10 trades a month , and the best part is, your trading account will end with positive gains for a change! This category only includes cookies that ensures basic functionalities and security features of the website.

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