Forex scalping strategies. Futunachi tactics
- Analyst AZA
Forex scalping strategies. Futunachi tactics
Scalping strategies are very popular in the forex market. For an effective result, it is quite enough for a trader to capture a low income with a future expectation of transactions, because the main goal of strategies is small profits, with a large number of trading operations. And the more such deals, the better. Of course, this is a rather attractive trading system that is focused on scalpers and pipers. The highest functionality of the strategy is achieved on the hourly chart. Thus, the system includes combining the minimum stop-loss levels and maximum take profit boundaries. Let's take a closer look at a scalping strategy called Futunachi.
Using it, some characteristic features can be distinguished:
1) the application of the strategy is focused specifically on the hourly chart - this is how high output rates are achieved;
2) this tactic is trending, therefore it includes special filters - tools that filter out flat movements.
Determination of trend targets and levels is carried out by zones - oversold and overbought. Such designations have specific colors - blue and red.
Blue tells us about selling by providing signals. Red is responsible for the purchase, signaling the trader that it is time to buy. These signals are visualized automatically, right in the Fibonacci chart. All that is required from the player is to download the finished example. In general, the whole system is trending, and therefore flat filters are simply necessary here.
A rather simple and visually convenient price chart, which is very important for many, will be a very pleasant addition. Trading using this scalping tactic requires the player to know about the hourly chart and about six instruments - indicators that will complement trading on the international currency market. As for the indicator filter, its main purpose is to filter out imaginary signals to select favorable ones. But what are the characteristic features of each of the filters?
1. The main purpose of the AutoFibTradeZone indicator is to highlight the zones of maximum buy or sell in shades - colors and to impose a Fibo grid on the chart. When the price approaches the red line of this instrument, the trader must start looking for notifications that signal him to sell, while the approach to the blue line provides for reverse steps.
2. The 100 pics tool can be classified as MA. It is important to assess what the intersection of the gray-to-green line is, and if the intersection occurs from the top - sales, if from the bottom - then you need to buy.
3. If the scale turns red when the TSV indicator shows a sale, RenkoFX indicates a purchase.
4. «Childish trick» - a trick that is defined by two lines, the intersection of which indicates a trade. An additional filter of the instrument is: the intersection of a green thin line with a green thick line at the upward rate indicates a purchase. When it comes to selling, the touch should be red and directed downward.
5. Interpretation of the notification of the ElliotOsc indicator.
Quite simply, if the histogram is gray and located below the zero marks, then we will be guided by the sale, if the chart is blue and the chart is above the zero levels, then we will be guided by the buy. If the bar is yellow, then do not forget that changes in the current trend are just around the corner.
How effective and profitable trading tactics will depend on the use of indicators. But due to the complexity and scalping tactics, we will have to spend a lot of time studying the details and nuances. But everything is compensated: perseverance, the concentration of attention is the key to a successful result.
Admirers of the scalping strategy would most likely be quite astonished if they learned about the use of such a Futurachi system, which is based on hourly charts. But because the system has low take-profit orders that reach only 50 points, players cannot simply attribute it to other trading directions.
The main advantage of this system is that the analysis tools used are characterized by proprietary indicators and that Futurachi provides us with a profitable result. Also speaking of the positive aspects, it is impossible to forget about the potential for high profits, and at the same time a low level of risk.
When trading on this system, it is worth remembering such an important factor as the deposit, and for this, it is necessary to personally test the system.
Scalping tactics involve following clear rules and rationality from the trader, after testing Futurachi, you can safely go to a real account.
But one should not forget that earning income and concluding an effective and profitable deal largely depends on a reliable Forex broker, which a trader chooses to work with.
Admirers of the scalping strategy would most likely be quite astonished if they learned about the use of such a Futurachi system, which is based on hourly charts.