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Ministry Of Scalping (By riuryK )

The user has deleted this system.

Ministry Of Scalping Discussion

Carlos Moreno
riuryK
Jun 28 2016 at 05:54
11 posts
https://www.myfxbook.com/members/riuryK/ministry-scalping/1684945
https://www.mql5.com/en/signals/201808

*** 1. Current parameters.
- Equity range: $0 to $400.
- Lot size per trade: 0.1 (see 4. Important note).
- Profit target per trade: $1.
- Currency pair: USD/CAD.


*** 2. About the strategy.
- Fully automated trading.
- Only 1 pair traded.
- 1 buy transaction and/or 1 sell transaction at a time (see 3. Enhanced trading).
- Do not modify or delete manually the trades.
- No S/L or T/P used.
- 2-3 trades per day in average.
- High leverage recommended.
- The profit target per trade is $1 per $200 equity in the trader's account as shown in the CSV table below:

TraderEquity, TargetPerTrade, LotSize*
$100, $1, 0.10
$200, $1, 0.10
$400, $2, 0.20
$600, $3, 0.30
$800, $4, 0.40
$1000, $5, 0.50
$2000, $10, 1.00
$10000, $100, 10.00

*See 4. Important note.


*** 3. Enhanced trading.
The trading strategy used can open only one buy trade and/or one sell trade at a time. However in order to minimize the loss the strategy uses an enhanced Martingale system consisting in opening pending orders in case the price goes against the original trade. These pending orders are activated when the price reverts, so that their profit is cumulated when the price comes back eventually matching up the loss created by the original trade. When this happens the all trades are closed with a profit. See a real example in the CSV table below:

Time, Type, Volume, Symbol, Price, Time, Price, Profit
2016.06.16 19:43, Buy, 0.10, EURUSD, 1.12135, 2016.06.16 19:44, 1.12178, 0.43
2016.06.16 12:48, Buy, 0.10, EURUSD, 1.12535, 2016.06.16 19:44, 1.12179, -3.56
2016.06.16 19:17, Buy, 0.10, EURUSD, 1.11735, 2016.06.16 19:44, 1.12173, 4.38


*** 4. Important note.
InstaForex has the particularity that one standard lot is worth 10,000 currency units instead of the usual 100,000. Therefore at this broker the signal is obliged to trade 0.1 lots per every $1 profit target on each trade rather than the usual 0.01 lots, which is what would be used if the broker had a contract size of 100,000 currency units. Please keep that in mind when copying trades so that you are not opening a high volume size (example: 0.1 lots traded by the signal must be copied onto your terminal as 0.01 in order to maintain the same risk/reward ratio).


TRADING FOREX INVOLVES RISK. PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. TRADE AT YOUR OWN RISK.
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