‘Scalp in silence’ forex trading strategy

‘Scalp in silence’ forex trading strategy was designed to trade on the one-minute chart of currency pairs with the spread of 2 pips. The best choice for those conditions is EUR/USD, and it would be good if you found a broker with even less spread. The only period to trade is from 9:00 AM to 11:00 AM GMT.

The first step is to set two Parabolics on the chart:

• Parabolic SAR with settings 0.002 and 0.02 - the green one;
• Parabolic SAR with settings 0.005 and 0.05 - the blue one.

Remember that deals must be opened only in the direction of the second Parabolic with settings 0.005 and 0.05 - the blue one.

We also choose the Fibonacci Retracement Levels instruments in order to find the best entry points. After the price has crossed the second Parabolic from downside up, we build the Fibonacci instrument between the latest significant low on the chart before the Parabolic reversal and the highest rate on Japanese candle where that Parabolic reversal occurred.

As the result, we enter for LONG positions on the level of 50% Fibonacci retracement. We exit the market on the 161.8% Fibonacci level. The stop-loss order must be set 2 pips below the latest low when the Parabolic’s reversal occurred. It would be also good to use the trailing stop from one pip for this forex trading strategy.

‘Scalp in silence’ forex trading strategy


Rules for SHORT positions are the same but in the opposite. After the price has crossed the second Parabolic from upside down, we build the Fibonacci instrument between the latest significant high on the chart before the Parabolic reversal and the lowest rate on Japanese candle where that Parabolic reversal occurred.

As the result, we enter for SHORT positions on the level of 50% Fibonacci retracement. We exit the market on the 161.8% Fibonacci level. The stop-loss order must be set 2 pips above the latest high when the Parabolic’s reversal occurred. It would be also good to use the trailing stop from one pip for this forex trading strategy.
See also:
‘Step’ Forex trading strategy.
‘Step’ Forex trading strategy.
06.12.2018
Investment strategies
“Two MA’s” Forex Trading Strategy.
“Two MA’s” Forex Trading Strategy.
29.11.2018
Investment strategies