Cryptocurrency Scalping Strategy That Works

If you’re a fan of fast-paced crypto market movements and you wish to get in and out of a trade as quick as possible, than the cryptocurrency scalping strategy that works will work for you.

You no longer have to wait for days for trade setups to occur, scalping will allow cryptocurrency traders enter multiple positions in a single day based on when we get a buy or sell from our system.

If you’re unable to put in the a few hours every day to implement a digital currency trading strategy, than the Cryptocurrency Scalping Strategy That Works might just be the most suitable for you.

Now let’s layout the entire strategy, so just about anyone can understand it.

Trade Setup 

Crypto MT4 Indicators: ma-heiken.ex4 (Inputs Variable Modified; MA_Period=32), Moving Average.ex4 (Inputs Variable Modified; Period=14, MA method=Exponential, Style=Magenta), macd-color-indicator.ex4 (Default Settings)

Suitable for: Scalping, day trading

Trading Time: 24/7, Around the Clock

Cryptocurrency: Any (Bitcoin and Altcoins)

Timeframes: M1, M5, M15, M30

Download

Download the Cryptocurrency Scalping Strategy That Works

Buy Trade Example: XRP/USD (Ripple / US Dollar), M5 Chart

Fig. 1.0

Strategy Rules

Buy Signal

Open a buy trade if the following trading conditions appear on the crypto chart:

  • If the yellow line section of the ma-heiken custom MT4 indicator crosses below the magenta 24 EMA Metatrader 4 indicator line (see Fig. 1.0), bulls’ power is said to building, thus a trigger to go long on the stipulated cryptocurrency.
  • If the black line plus lime green histograms of the macd-color-indicator custom indicator breaks and hovers above the 0.00 level as shown on Fig. 1.0, the general Ripple market sentiment is said to be bullish, as such a buy trigger will suffice.

Suggested Stop Loss for Buy Trade: Place stop loss below short-term support.

Suggested Exit Strategy/Take Profit for Buy Trade

Exit the buy trade if the following trading conditions appear on the chart:

  • If while a bullish trend is ongoing the ma-heiken indicator line intersects the magenta 24 EMA indicator line, price is said to be making a likely bearish reversal, and as such an exit or take profit stance is advised.
  • If the black line of the macd-color-indicator custom indicator dips below the 0.00 horizontal level as seen on Fig. 1.0, bulls power is said to be diminishing, therefore a trigger to exit or take profit immediately.

Sell Signal

Open a sell trade if the following trading conditions appear on the crypto chart:

  • If the aqua line section of the ma-heiken custom indicator crosses above the magenta 24 EMA indicator line as illustrated on Fig. 1.1, bears power is said to gaining momentum, thus a trigger to sell the designated cryptocurrency.
  • If the black line plus red histograms of the macd-color-indicator custom indicator breaks and hovers below the 0.00 level as seen on Fig. 1.1, the overall Ripple market sentiment is said to be bearish i.e. a trigger to go short on the cryptocurrency of interest.

Suggested Stop Loss for Sell Trade: Place stop loss above short-term resistance.

Suggested Exit Strategy/Take Profit for Sell Trade

Exit the sell trade if the following trading conditions appear on the chart:

  • If while a bearish trend is running the ma-heiken indicator line intersects the magenta 24 EMA indicator line, price is said to be making a probable bullish reversal, as such an exit or take profit trigger is recommended.
  • If the black line of the macd-color-indicator custom indicator surges above the 0.00 horizontal level (refer to Fig. 1.1), bears power is said to be weaning, therefore an exit or take profit stance is apt.

Sell Trade Example: XRP/USD (Ripple / US Dollar), M5 Chart

Fig. 1.1

Free Download

Download the Cryptocurrency Scalping Strategy That Works

About The Cryptocurrency Technical Indicators Used

The ma-heiken is a moving average indicator that is based on the Japanese candlestick trading variation.

It is used to better highlight trend changes on a crypto chart.

The 24 EMA is an exponential moving average that has its period set to 24 and reduces price lag on digital currencies by adding more weight to the recent price.

The macd-color-indicator is a cryptocurrency technical tool that is similar to the traditional MACD indicator.

It is known to alter the color of its histogram based on changes in the crypto market trend situation.

Easy Installation

Start using this cryptocurrency strategy in just 5 minutes. Click here to get started now.

Share Now!