The Best Scalping Trading Strategy for Beginners

[00:01] trading strategy for scalping, especially for people who are starting out in trading for beginners. And why is it perfect for them? Because it consists of very simple and very specific steps. We leave nothing to

[00:16] interpretation, we don't leave anything for one trader to interpret one thing and another another, therefore, execute it differently, since it is based on technical indicators. Indicators that, if they give the signal, will tell you yes; indicators

[00:30] that, if they don't give the signal, will not allow you to open a trade. It's easy, simple, and very with that strategy, I simply encourage you to subscribe to my channel to also receive notifications about the content I make about trading, and

[00:46] especially trading with robots, which is my specialty. So subscribe and we'll get started strategy. The strategy you are about to see is a scalping strategy, meaning that we will open trades within minutes and

[00:59] during a specific time frame, which is when there is the most volume. Furthermore, the vast majority of strategies I use in my live accounts are based on the same pattern of indicators that you will learn in this strategy, and which

[01:12] your trading accounts tomorrow. However, I always recommend that you start with a demo account to get used to this strategy and then, once you're comfortable, switch to your real accounts. Right now

[01:24] I have the chart of the Nasdaq American technology index displayed on a 5-minute timeframe. That will be the timeframe in which you will work on this scalping strategy for beginners. The first thing we need to do is

[01:37] configure our chart setup; that is, we're going to add the indicators and extra information we need to be able to make those entry and exit decisions. First of all, I go to indicators and look for the

[01:50] trading sessions indicator. Okay, configure this indicator, you need to select the trading sessions that have been placed at

[02:02] configure button and here you select to show the Tokyo, London or New York session. We're going to remove the Tokyo session, remove the London session, and focus solely on the New York session. In fact, I'm going to make

[02:17] New York session. In fact, I'm going to make the color less opaque so I can see the graphics better. Good. And the New York session actually runs from regardless of your schedule, you don't have to touch it because it runs from 9:30 in

[02:30] New York time until 4 pm, although it automatically converts to my time zone, since in this case I'm in Spain. Okay, so the New York starts at 3:30, which is exactly the candle we have

[02:43] here in front of us, but we still need to add two more indicators that are essential when making our entry. The first, Donchain channels. If you don't look for it, I have it in my favorites, because the Donchain channels, notice that they are

[02:56] some lines above, one line above, another lower line that continues as the minimums and another as an average. Now I'll explain what this indicator is about, but what we're going to do is in the settings we're going to remove the

[03:08] base and keep only the upper and lower values. And data entry collects the last 20 candles. You set this to 55. What does it do? What this indicator does is place the candle we currently have here at the top

[03:22] , which is this one right here. The high of this candlestick is right at 24,985. But what I've put 55 is that I want this indicator above to show me the level of the highest maximum of

[03:37] the level of the highest maximum of the last 55 candles. If you count 55 candles back, it will be more or less around here. I'm telling you that the maximum is this peak right here. It's this one here. Therefore, this throws it right at you on

[03:51] the current candle. It tells you that the maximum to surpass is this one here, the last 55 surpass is this one here, the last 55 candles. Okay, great. And the same goes for the reopen the settings, and that is that we're going to set compensation to one, because

[04:05] if compensation is at zero, it takes into account the maximum of the current candle, shouldn't take it into account. We need to analyze whether the current candle surpasses the high from the previous candle. OK? Therefore, we're going

[04:19] to set compensation to one to make it look better visually. And the next indicator is an exponential moving average . I'm going to configure the exponential moving average on the left, I'm going to set it to a length of nine, and I'm

[04:34] going to make it red to see it better and a little thicker. Okay, great. Therefore, we now have everything set up. For now, yes, it is the first candle in New York. Let's see if

[04:48] our strategy gets us in this session or not. It's a strategy where you can open both a buy and a sell order, that is, bet on a price increase or go down. Okay, the first one that opens the New York session, which in

[05:01] this case is in Spain, at 3:30 in the afternoon, I'm not going to do anything. I'm not going to do anything because look, look, this candle actually breaks through the low. Therefore, the strategy is to exceed minimums or to exceed

[05:16] maximums, maximums and minimums. In this case, the strategy would tell us to enter a sell position down here, but since the first candlestick is full of pending orders from the day are being released to the market, we're going to let the

[05:31] the day are being released to the market, we're going to let the market flow for those 5 minutes. If this candle had exceeded the previous low indicated by the downchain indicator, well something that could save us on a day like today. Are we going to let him work that much?

[05:45] Now we don't know if we're going to buy or sell. Let's see where Okay, it's going up. Can you tell us that it will be a purchase? When will the purchase be made? When the price crosses the blue line above. I have to tell you, and this

[06:01] is to be able to catch trades, if during the afternoon the price goes in the same direction completely in order to catch several trades, the price must first have rested below the moving average. That's why

[06:14] the moving average exists; that is, you can't buy if the price hasn't fallen below the moving average before the candlesticks. You cannot enter into sales if the price has not previously come from being above that moving average. What's the

[06:31] point of this? This helps in not catching the trend too late. That is, for example, in mint, the price has been closing below the moving average for a very long time. If the next one goes down,

[06:45] we can assume from here that the price is going down. It will most likely pull back and we may hit a stop-loss order. OK? This momentum we are seeing now is recent; it hasn't been around for a long

[06:58] time, it's recent. Therefore, our order is that we must be on top of this level here, okay? If he overtakes him, we'll get in. Let's see. In this case, he is about to overtake him, and here he

[07:12] overtakes him. Brilliant. We should enter this in real time right at this point. There it is. Just when it reaches the level. Let's place our stop-loss.

[07:24] We could place it at the low of the 3:30 candle, but in this case, since the impulse is generated from here, you can adjust it to the elephant candle in which the price heads upwards. It's true that there's a lot of

[07:37] space, but it has to be done because if space now visually in stop loss, goal we're going to go to the goal one by one. In other words, if I'm leaving

[07:50] 140 points of stop-loss here, I have to put the take-profit 140 points above, which would leave me approximately, let's see, a little bit more here. Wow, it's a very long journey already, but

[08:05] a very heavy impulse is coming, so it's possible that the price will pull back very heavily and then clear up [music] in the best case scenario. Let's see what happens in this case.

[08:18] risk-benefit ratio; you can see it here on the middle label. It gives you a risk-reward ratio of 0.99. This has to be at one. Pl. Well, it doesn't matter. One. Let's leave it at one. Okay, perfect. Good. The

[08:33] first one, look, look, the first one is already a very red candle pointing downwards. That's why in these cases you have to leave the stop loss until the last low that we had marked. Let's wait a little longer. The

[08:47] upward trend and price increase are clearing again. Let's see. He struggles. Finally, it's T Profit's turn at 4:50 PM.

[08:59] Your ticket cannot be there, you cannot enter the market 2 hours later than 3:30 or at the place where you are. In other words, if the American session starts in Spain entry cannot be later than 5:30. We need to capture the momentum of

[09:16] that session during the first few hours. In this case, stay profit. I'm going to show you two more examples of buying and then two more examples of selling so that everything is clear. Let's look at another case. Here is the 3:30 candle,

[09:30] uh, New York and it puts the label here that starts New York and the Andes. Therefore, we could be looking for a sell signal if it breaks this low, is now below the moving average. We could also look right now;

[09:45] both options are valid in this scenario. Therefore, we do nothing for the first candle. In fact, this candle marks a tiny minimum, a minimum a tiny bit lower here. Therefore, notice that the indicator drops slightly downwards now in this

[09:59] candle. Brilliant. Let's look at the next candle. Vela indecisiveness, it's okay. And the next one, boom. Now we're talking. The next one marks a break of the lows. Therefore, we're going to go

[10:15] short right at this point. We're going to place a stop-loss at the previous low. Notice that the last three peaks, sorry, peaks are very similar. In case they're very close, well, to be

[10:27] sure I always put the maximum, the highest, okay? leaving more space. It's true that you'll have to leave more room for the take you'll have to leave more room for the take profit, but when there's momentum

[10:40] , don't worry, the price will go in that direction. Therefore, I'm going to put a one-to-one risk-benefit ratio. There it is . We'll see what happens . We'll see what happens next. We are for sale.

[10:52] Well, look, in the next candle, notice, it's time for our take profit. Great, the first one. But this case is very interesting. We already have a trade in interesting. We already have a trade in our pocket because I'm going to continue,

[11:08] going further down. Let's see how it continues. Look, look. Now the price is resting, okay? In other words, we do price continues to cross the indicator, but I repeat, the

[11:22] must have rested. You'll see that the price is starting to stabilize. Look, it has already opened above this moving average. If it has opened or closed above this moving average and it

[11:37] is not 5:30, the option to enter mint right here below is reactivated. Okay, so let's put some order back down here. I'm going to put it a little higher. Okay, the next candle breaks it, so

[11:52] , well, I'm losing everything, [laughs] but in this case we would place another order here, we would put the stor up here, okay? And we would go one by one, which is this way.

[12:09] Brilliant. Two trades and we've caught some momentum. In other words, the momentum is very heavy, the momentum is very downward, but we caught it in two trades, you don't need to extend it to infinity in one, these

[12:22] are not clear and concise rules. Don't go from one to one, don't go from two to one, go from one to one, make sure if you risk 100 you win 100 and then always be earned by someone else; don't try to earn it yourself. Okay, and now we're leaving.

[12:36] The price will probably settle again . Look at all this down. Look at all this down. Fu. Here's someone who has extended the trade, but I trade on other occasions, most of the time you'll

[12:50] end up with bad stop-los for the account, therefore, it's not worth it. And now look, it's already past 5:30, look, 5:30 Spanish time, that's it breaks down again, you do nothing. Throughout this journey you have had

[13:04] your two take profits and you go home with the account closed and the money some cases in which you shouldn't enter, because this is very important. Look, this is the 3:30 candle in buy, although the price, in this

[13:18] case, has opened below the average, it has been all these candles without being below the average. This candle is stronger than the one with the same 3 and is stronger than the one with the same 3 and breaks the high. If this is the case, don't

[13:31] enter the next one. Good. The maximum or minimum has to break but not from the first one. because many times it can be a trap, as in this step, it goes

[13:44] up and then goes down. Therefore, we will not get involved in this case. here. This is the 3:30 candle, this one here. But look at the rested above the moving average, way back, way back and way up. The

[13:59] price has been trending since before 3:30, probably due to some we are not involved in sales here. We don't enter into selling and we don't enter into buying either because look where we have the buy line, way up, therefore, this

[14:12] another case we shouldn't get into. Look, the same candlestick pattern at 3:30 breaks through the high, that is, it does break through the high , but since it's the one save you a lot of stop-loss. Now we wouldn't look for

[14:28] buys, well, we would look for buys, since the price is resting below the moving average. Look, if the price had then gone up again, surpassing this, then it would have been a safe buy, but instead the price is going

[14:41] down very decisively, many candles below, impulse, impulse, impulse, impulse, pulse. And here the minimum breaks it. We wouldn't enter this because the price has been driven below the

[14:53] moving average for quite some time and is therefore invalidated. The price, I repeat, has to come after a break on the opposite side of the moving average. Therefore, trading, you should follow this strategy to the letter, because there's no

[15:07] way to interpret it yourself; it's not like you've seen this and that. It's very clear, and you can start practicing it today, I hope you liked it and that you know, as I told you at the beginning of

[15:20] this video, I am an expert in trading, especially with robots. If I financial markets, what I do is build a trading robot and have it trade emotions involved and I don't have to be glued to the screen every day at 3:30

[15:35] . Plando, if you're into this robot thing, maybe a little later, or if you're interested now. Below I've included five free classes so you results we achieve, and how we build robots without you having to program or

[15:48] be a programmer. So I'll leave it down here for you . And that's all, subscribe to the channel to receive notifications of upcoming videos that are very interesting. See you in the next trader. Ciao.