Scalping Like A Boss | Learn An INSANELY Profitable Scalping Strategy Only Pros Know This
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In this video, I will be sharing an amazingly powerful scalping strategy that provides setups daily, along with a high win rate.
The strategy can be used for day trading and scalping stocks, forex, and crypto. When we talk about scalping strategies, most of them are trend-following strategies.
This is because intraday trends can be very powerful. But the strategy that we will discuss today is a mean reversion strategy. For this strategy, we will mainly use 2 indicators.
The first indicator that we will use is the Bollinger bands indicator. The Bollinger bands are a very popular indicator that helps us in identifying market reversals.
Bollinger bands consist of three lines. The middle line on the indicator is a simple moving average. By default, the Bollinger bands are set to 20 and 2 settings. This means that the middle line here is a 20-period moving average.
An important point to remember here is that we will need some kind of confirmation before we enter a trade. That confirmation will come from looking for divergences in the M-A-C-D indicator.
M-A-C-D is a simple indicator that oscillates from the values of +400 to -400.
It consists of thee elements, the mac d line, the signal line, and the histogram. For this strategy, we only need the histogram. So we will remove the signal line and the mac d line.