scalping is risky ?

DFisher posted:

You are right, there is nothing like guarantee in Forex; that’s the true fact! This is why, pro traders use SL & trailing stop regularly. I think trading is not just about profits it is about how much didn't lose.
Thanks mate! Yes, it is! Even, I am more sincere on the SL rather than my TP.

I have seen according to my trading experience despite of a profitable trading policy scalping cannot use in a proper way due to many restrictions. So we the traders who are particularly scalpers always have to be more careful when choosing a broker. Scalping will be successful when you could make sure lowest trading spreads which is very supportive to make profit with certainly by scalping that brings profit in a short time.

Scalper is indeed popular, the effective strategy one, it's more of arbitrageur than speculator. But it'll be too risky if one does not have sound knowledge about it, or without proper concentration or do not use SL. Earn knowledge and risk management first to earn the fitting strategy. All the best!

I only do scalping when I see the good timing, its part of the tool kit not just sticking to one thing.
Forex is only for people who want to all risk.
scalping or not, there are always risks.

Adribaasmet posted:

togr posted:
Trading Forex as it is is risky.
Be it failure of strategy or of hardware or your greed ot broker.
Anything you deposit can be lost.
It is worth it it do your homework this time.

You are right, there is nothing like guarantee in Forex; that’s the true fact! This is why, pro traders use SL & trailing stop regularly.

Indeed. There's no guarantee in forex or in life. That is what makes the scope for both profits and loss so wide in trading. That is why it is better to be forearmed with good strategies, knowledge, skills and risk management tricks before you start trading

MikkeyBells posted:

Adribaasmet posted:

togr posted:
Trading Forex as it is is risky.
Be it failure of strategy or of hardware or your greed ot broker.
Anything you deposit can be lost.
It is worth it it do your homework this time.

You are right, there is nothing like guarantee in Forex; that’s the true fact! This is why, pro traders use SL & trailing stop regularly.

Indeed. There's no guarantee in forex or in life. That is what makes the scope for both profits and loss so wide in trading. That is why it is better to be forearmed with good strategies, knowledge, skills and risk management tricks before you start trading

Thanks mate! Yes, I agree on all of your parameters! Each & every points are crucial.

I am a scalper. Only use it in M15 EUR/USD.

TP: 6 pips

SL: 15 pips.

That means your win rate needs to be 70% just to break even (and that is with 0pip spread). Do you make any money using those values or just generate losses. I find it difficult to believe anyone can win with that risk: reward

Pacifico posted:
That means your win rate needs to be 70% just to break even (and that is with 0pip spread). Do you make any money using those values or just generate losses. I find it difficult to believe anyone can win with that risk: reward

I only generate $ for my broker.

mdundifx posted:
I am a scalper. Only use it in M15 EUR/USD.

TP: 6 pips

SL: 15 pips.

Where did you get these values? Did you try backtesing?
There is a tool to backtest even manual strategy.

Where did you get these values? Did you try backtesing?
There is a tool to backtest even manual strategy.
Yes, I have done a lot of backtesting.

My strategy is only based on pullbacks.

I wait for the first pullback into EMA20 + engolf.

The target is very small (6 pips) and very accurate.

Best regards,

What do you mean by 'There is a tool to backtest even manual strategy. '? I thought that MT4 could only backtest EAs? How would one backtest a manual strategy?

PinguPeter posted:
What do you mean by 'There is a tool to backtest even manual strategy. '? I thought that MT4 could only backtest EAs? How would one backtest a manual strategy?

there is special EA built for MT4 that allows to replay markets from past and you can trade manually as you do but much faster

every technica system you are using is risky, short term, long term.
scalping in short term is also risky. high risk high return, that is what keeps me on going everyday.

I am doing 20-50 trades a day with a winrate beetween 70-80% taking only 1-3 pips with a stoploss at 2.5 pips and are doing fine rearly i have a loosing day mayby one a month and are making beetween 20-30 pips a day and the trades are more often 1 pip than 3 pips get in and out 1-3 minutes i use 3 min chart with EMA`S as dynamic supp/ress together with pivots and fibs...

irinsexpert posted:
every technica system you are using is risky, short term, long term.
scalping in short term is also risky. high risk high return, that is what keeps me on going everyday.

That’s the point mate: good skilled traders don’t step back since they are confident. Without proper knowledge, everything is risky.

Bindaytrader posted:
I am doing 20-50 trades a day with a winrate beetween 70-80% taking only 1-3 pips with a stoploss at 2.5 pips and are doing fine rearly i have a loosing day mayby one a month and are making beetween 20-30 pips a day and the trades are more often 1 pip than 3 pips get in and out 1-3 minutes i use 3 min chart with EMA`S as dynamic supp/ress together with pivots and fibs...

What about spread and commission costs ,why did you pick 3 pips as a max , 3.25 would be the right amount as a min.

Bindaytrader posted:
I am doing 20-50 trades a day with a winrate beetween 70-80% taking only 1-3 pips with a stoploss at 2.5 pips and are doing fine rearly i have a loosing day mayby one a month and are making beetween 20-30 pips a day and the trades are more often 1 pip than 3 pips get in and out 1-3 minutes i use 3 min chart with EMA`S as dynamic supp/ress together with pivots and fibs...

Cool; do you have any specific target on trading session; or you are randomly using all of the sessions?

Admoni posted:
I have seen according to my trading experience the newcomers always looking for scalping strategy that brings profit in a short time than others techniques, but scalping sometimes causes a great loss if you don’t make sure lowest trading spreads. So for scalping, first of all, please make sure most comfortable trading spreads.