scalping

What are the key indicators and timeframes most effective for scalping in the forex market, and how do you manage the rapid decision-making involved

I could teach you how to do scalping

NathanialChen posted:
What are the key indicators and timeframes most effective for scalping in the forex market, and how do you manage the rapid decision-making involved

For scalping, key indicators often include moving averages, RSI, and Stochastic Oscillator, on shorter timeframes like 1-minute or 5-minute charts. Rapid decision-making is managed through strict risk management, predefined entry/exit points, and quick reflexes, but it's not for the faint of heart!

NathanialChen posted:
What are the key indicators and timeframes most effective for scalping in the forex market, and how do you manage the rapid decision-making involved

Most of the short-term, ruled-based trading such as scalping, can be coded without much difficulty. You can also add exit rules into it (based some cancellation scenario like counter-pattern, or simple stop loss and take profit in pip). What is important in this approach is that you get significant improvement in terms of speed of making decisions, also bot's don't get tired so the risk of mistakes is pretty low