The PFE Scalping High Frequency trading strategy is based on proprietary indicators and can be used for scalping and day trading on currency pairs in the direction of the current trend, determined by the moving average fan. Volatile assets that show good movement throughout the day are selected for trading. Additionally, it is advisable to choose active trading times: London and New York sessions.
Input Parameters
- Currency Pairs: EUR/USD, GBP/USD, AUD/USD, USD/CHF, AUD/JPY, USD/CAD.
- Timeframe: M5, M1.
- Trading Time: London, New York.
- Risk Management: After calculating the stop-loss, choose a lot size such that the risk does not exceed 2-5% of the deposit per trade.
Used Indicators
To analyze the market, several indicators are required: some are proprietary, while others can be found in the standard terminal package.
- EMA (633, close);
- EMA (200, close);
- EMA (36, close);
- EMA (12, close);
- PFE (10, 5, 10,10);
- Pivot Points;
- 00jPFE_v100
- stoch+rsi_v2
Installing Indicators and Strategy Template
To easily and without errors install all indicators on the selected chart, use the template which can be found in the attached archive. For this:
- Unzip the archive with templates and indicators.
- Copy the indicators into the MQL4 -> indicators folder.
- Copy the templates into the templates folder.
- Restart the terminal.
- Open the chart of the desired currency pair.
- Install the template named PFE Scalping High Frequency.
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Buy Signals
- A proper upward fan has formed:n
- The moving average with a period of 200 is above the moving average with a period of 633;
- The moving average with a period of 36 is above the moving average with a period of 200;
- The moving average with a period of 12 is above the moving average with a period of 36.
- The 00jPFE_v100 indicator crosses the zero level from below.
- A second entry can be made on a price bounce from the 200 or 633 moving average, but only after the 12-period moving average crosses the 36-period moving average from below.
- Stop-loss is placed 7 points below the 36-period moving average.
n
Sell Signals
- A proper downward fan has formed:n
- The moving average with a period of 200 is below the moving average with a period of 633;
- The moving average with a period of 36 is below the moving average with a period of 200;
- The moving average with a period of 12 is below the moving average with a period of 36.
- The 00jPFE_v100 indicator crosses the zero level from above.
- A second entry can be made on a price bounce from the 200 or 633 moving average, but only after the 12-period moving average crosses the 36-period moving average from above.
- Stop-loss is placed 7 points above the 36-period moving average.
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Trade Closure Rules
- At reversal levels (on the M15 timeframe at the trader’s discretion).
- Fixed take-profit, calculated based on the volatility of a specific currency pair and the working timeframe.
According to experts from fortraders.org, the PFE Scalping High Frequency trading strategy, despite its name, is more suitable for day trading. Using it for scalping during the American session, when there is increased volatility, is unlikely to be positive, so scalping using this strategy is better done during the Pacific trading session.
Download the strategy template and indicators
Other Day Trading Strategies
- <a href=”https://fortraders.org/binary-options/binary-strategy/torgovaya-strategiya-dlya-binarnyx-opcionov-i-skalpinga
FAQ
What currency pairs are recommended for this strategy?
EUR/USD, GBP/USD, AUD/USD, USD/CHF, AUD/JPY, USD/CAD.
What timeframes are used?
M5 and M1.
When are the best trading times?
London and New York sessions.
