Super Scalper v6 is very successful system as long as you are capable to tell the directing of the trend, which as well happens to be the most difficult thing for some people. The best currency pair you can trade EUR/USD. You will use 1 Minute Chart time frame to trade.
If Trend is UP = BUY only
If Trend is DOWN = SELL only
You will install a “Slow Stochastic” with default settings:
K period = 14
D period = 3
K Slowing Period = 3
You can come across an indicator on most charting packages.
BUY SIGNAL = Red line crosses UP and OVER “20” Stochastic Line in UP Trend.
SELL SIGNAL = Red line crosses DOWN and OVER “80” Stochastic Line in DOWN Trend.
You will use a 5, 6 or 7 pip stop loss based on your forex broker platform. And, you will use a 15, 18, or 21 pip take profit to continue 3 to 1 Risk/Reward Ration. You should use 15 minute chart defines your major trend, scalp it on 1 minute chart, go behind with tight stops.
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