Scalping University Lesson 4 - High Frequency Scalp

[MsDawdawdaw]

scalping you pay every time the spread you win 20 pips and pay 2-3 pips of spread i think it's limit the spread must be less than 10% of you target the best is to have 5 % of spread in comaprison to the TP

[chazteddybell]

Hi Boris,are you still trading this set-up and how is it going?Very interesting to me as I trade Cable almost exclusively.Thanks.

[jaynejal]

Hey Boris, do you add any indicators to help you increase the win ratio to > 60% and to help keep you out of trades that pull back to the 50 after hitting the 25 or the 75 level?

[BKTraderFx]

@jaynejal No. Its a pure price set up. I think the indicators would actually hurt the trade rather than improve it - but I am open to ideas.

[jaynejal]

@BKTraderFx Thanks for your reply Boris. What conditions do you look for to tighten your trade from +25 to +15?

[BKTraderFx]

@jaynejal Honestly  I am finding that +25 is the better target in the long run

[jaynejal]

@BKTraderFx Agreed, though you are right about feeling impatient once you're at 10 or 90 :)

[PureSymmetry]

Hey Boris, this is an awesome setup, I was wondering how you backtest these strategies, do you go through the setups manually or run it via a robot?

[BKTraderFx]

@PureSymmetry I like to do random manual tests of 20-50 samples across high vol and low vol environments

[PureSymmetry]

@BKTraderFx , Many Thanks Boris, I tend to backtest a lot before trying a strategy live what guidelines do you use before going live with a new strategy? How many random manual tests would you do before feeling comfortable to go live?

[amillioncars]

Thanks boris you gave me something to shoot for on your comment as i always looked at my trades at each time and not on a weekly basis . On a day to day you beat yourself up for bad trades but looking at a weekly it's alot better on and average on trades.

[BKTraderFx]

@amillioncars EXACTLY. You always have to have the long view.