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This is a scalper. Entry happens once a day only upon trend confirmation and exit when take profit or stop loss is reached. Trend is confirmed based on common indicators like macd on lower timeframe.
1. Raw spread account is compulsory to follow this strategy as it is a scalper.
To ensure that your result is the same as mine, please ensure that your account spread is kept below 5 points/0.5pips. The best is a zero spread account.
2. Money management is using double the amount of recommended setting to ensure all trades can be opened and to buffer against any increase of spread or required margin. On a 30:1 leverage, recommended setting is about $1000. So, it is recommended to adjust capital to about double of that.
3. The commission of a raw spread account must be as low as possible so that a profitable trade remains in a net profit.
This strategy also uses a martingale system! Use with caution, only with recommended capital.
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