GOLD 10 PIPS SCALPING STRATEGY

Make sure you read the disclaimer!

STRATEGY CONCEPT

This strategy relies on identifying trends in the market and then capitalizing on pullbacks within those trends. By recognizing when an asset's price temporarily retraces against the prevailing trend, traders aim to enter positions that align with the overall market direction, enhancing their chances of profiting from trend continuation.

INDICATORS USED

BUY/SELL TOOLKIT

Enable Buy/Sell Signal : Sensitivity : 3

Enable Ultimate Trend

TREND & PULLBACK TOOLKIT

Select Mode : Elliot Wave Cycle

Time Frame

This trend and pullback strategy has undergone rigorous backtesting over one-minute intervals, demonstrating its ability to target 10 pips profit consistently across various market conditions.

Long Entry Rules

1.Buy Signal From Buy/Sell Toolkit

2.Retracement On Ultimate Trend

3.Confluence From Trend & Pullback Toolkit

4."When all the preceding conditions align harmoniously, we embark upon a journey at the precise moment when a candle emerges, bearing the strength to defy the ultimate trend, like a fearless pioneer charting a new path through the boundless wilderness of the financial markets."

5.Profit : "We gracefully secure our gains with finesse, either on the attainment of a mere 10 pips or, with a sense of vigilant artistry, we choose to trail our profits, ascending every 10 pips .

Short Entry Rules

1.Sell Signal From Buy/Sell Toolkit

2.Retracement On Ultimate Trend

3.Confluence From Trend & Pullback Toolkit

4."When all the preceding conditions align harmoniously, we embark upon a journey at the precise moment when a candle emerges, bearing the strength to defy the ultimate trend, like a fearless pioneer charting a new path through the boundless wilderness of the financial markets."

5.Profit : "We gracefully secure our gains with finesse, either on the attainment of a mere 10 pips or, with a sense of vigilant artistry, we choose to trail our profits, ascending every 10 pips .

Trading Tips

"Exercise wisdom in your trading journey, for between the mystical hours of 12:00 AM to 5:00 AM IST and the tranquil period from 11:30 AM to 1:30 PM IST, the realm of the markets often tilts towards the unyielding grip of losses, where seasoned traders tread cautiously, mindful of the odds stacked against them."