Some traders have put an enormous amount of time developing scalping strategies. One of them is a German trader named himself as Winwin. Despite of his controversial strategy in the 2007 EA Championship, his wisdom seems to be worth examined:
“….for me there are two scalping techniques.
first technique: in trendmarket take out some trend pips of the trend. if i want it to do in short term there is the problem that in a trend the market is moving fast. i cant set pending orders all the time in championship, because so i would create a very big journal. so i had to use marketorders, but in fast moving markettrends i will nearly always get a reqoute.
second technique: find out a range and trade in the opposite direction on the borders or on some points. but dont trade the whole range, only some pips. so you have more time for a marketorder because it is not a fast moving market.
i will underline, that this is my definition of scalping possibilities. it can be completely wrong to books maybe………..”
His wisdom has sparked an idea of a new strategy in my head. Especially with this idea of modifying a scalping technique to be accepted by most Metatrader brokers. Will discuss it tomorrow with Yogi, the programmer. Can’t wait for tomorrow. lol.
When having hot ideas in the head like this, i feel like being a 10 years old boy who has just been given a pair of new shoe, that he even wears the new shoe to sleep. lol.