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i'm looking for scripts for scalping...
Posted: Sun Mar 29, 2009 9:53 pm
by lukx
I'm searching for scripts for scalping.
Basically what I want it to do is quickly open trade with for example 0.1 lot 6 pips profit target and 12 pips s/l. Does anyone have something like that working on all pairs?
Posted: Mon Mar 30, 2009 5:29 am
by vladv
To scalp the market sucessfully is no easy job,you know.......
Posted: Mon Mar 30, 2009 6:47 am
by lukx
if you know any easier way to make money I'm all ears
Posted: Mon Mar 30, 2009 3:34 pm
by eudamonia
lukx,
You can do what you just described with most brokers. As soon as you enter a trade it will have a preset target and stop.
vladv,
Scalping is easy - if you wait for the perfect opportunities. If you just go jumping into trades trying to follow the herd you will likely get slaughtered.
My favorite trades are not based purely on mechanical things, but on emotions I see in the market. Is the market boring? Is everyone stampeeding in one direction? These are the times when you have the greatest ability to capitalize on the situation with the least risk. Whether you are scalping or swing trading...it doesn't matter. EMOTION!
Edward