Quote:
Originally Posted by Pip's wife  Scalping for me is not risky deal at all. Is actually all the way around, it allows you to keep small gains without having to take the risk of losing all your money. Therefore that fractional pip pricing sounds pretty interesting, even more when you do scalping. Can you please tell me if this pip pricing also works with an EA, is just that I recently found one that works using an scalping method. Thanks |
Regarding scalping I found this piece interesting
" * Don't forget about your risk management rules: you should never risk more than 3-5% of your account in a single trade and no more than 15-20% in total at any moment, or you will face a serious risk of drawdown;
* Not every currency pair is the right one to implement scalping: you should always choose the pairs with very low spread — ideally less than 5 pips, although exceptions might apply under particular market conditions;
* Not every broker is the right one to do scalping: some won't let you set a stop or limit order too close to the current market price, fearing that they might not be able to fill your order in time, and therefore potentially lose on the trade. Serious investors should spent a good deal of time to look for the broker providing them with the best trading conditions before experimenting this technique."
Linear Mode
