Using scalping in trading short-term contracts is a fast and simple way to increase your trading capital. However, the main advantage to scalping is the absence of connections between trading and some event or another, such as trading the news, or having to wait long periods to earn a profit, like you do with long-term rates. All that that a trader needs for scalping is a highly effective strategy and a volatile financial asset. We recommend “Plank” as a trading strategy, and you can get a volatile tool on any trading platform where they offer a wide and varied selection of financial tools.

Technical Demands

So, the strategy works using highly technological indicators, which aren’t available on electronic futures contract operators’ trading platforms. Therefore, we suggest using the well-known terminal, Meta Trader 4. You can easily download the service online. Besides that, safetradebinaryoptions.com, a resource for professional traders, offers a selection of all the necessary analytical services (we will need live chart for this strategy). As a demonstration, we propose using terminal MT4. To set up the strategy template, follow the instructions below:

* Drop down in the platform catalogue to МТ4, as shown in the picture below:

 

Using scalping in trading short-term contracts

 

* Copy the file «Indicators» from the article archive and put it in the platform file MQL4;

* Copy the content from the file «templates» in the main platform catalog МТ4.

* Restart the program and set up the strategy template for «Plank» on the live rate chart:

 

Meta Trader 4

 

If you have completed everything as per the instructions, then you should see a rate chart like the one depicted here:

 

Moving Average (МА) is a simple trading indicator which shows the direction of the trend

 

STRATEGY INDICATORS

* Moving Average (МА) is a simple trading indicator which shows the direction of the trend

* QQE are services with various setups which pin point changes in trend directions

Trading Platform

Using a third-party technical resource for analysis allows you to perform the strategy correctly on any terminal. However, in order to get a high level of trading security and optimal working conditions on the market, we recommend using only licensed companies with good reputations. Specifically, we would recommend using Binomo as an example. The company has been ranked highly for many years, and provides all the technical indicators needed for trading and offers the most attractive financial terms for working on the market.

TRADING SIGNALS

For BUYING options:

* The service’s Moving Average QQE with a frequency of 6 (in the upper indicator window) crossing over level 50

* A Moving Average QQE with a frequency of 60 crossing above

* On the rate chart a cluster of green lines cross over the pink MA

* The price candle closes above the pink MA

After the signal’s candle closes BUY:

 

QQE are services with various setups which pin point changes in trend directions

 

For SELLING options:

* A Moving Average QQE with a period of 6 (in the upper indicator window) crossing under level 50

* A Moving Average QQE with a period of 60 crossing below

* On the rate chart a cluster of green lines cross under the pink MA

* The price candle closes below the pink MA

After the signal’s candle closes, SELL:

 

TRADING SIGNALS

APPLICABLE CONTRACTS

This trading strategy was thought up to use for rates with short lifespans. Therefore, use “Turbo” contracts with expiration periods up to 300 seconds, or traditional futures rates with contract life spans up to 45 minutes. During this, it is vital to choose a chart rate timeframe for analysis, where the price expiration period forms no more than 4 candles, ideally M5 and higher.

PROFITABILITY AND MONEY MANAGEMENT

As you understand, it’s hard to discern how profitable any strategy is, therefore we’ll give some examples of average indicators, which the strategy shows when trading with simple futures rates. On average, the strategy produces a profit on 8 out of 10 contracts. With regular trading activity, this means you can grow your deposit 85-100% in a week. Turning a profit trading on the futures market is directly dependent on a trader’s ability to correctly manage their capital. There’s nothing magical about it, just don’t use more than 3% of your total capital when placing a contact.

OPEN DEMO ACCOUNT

“General Risk Warning: Binary options trading carry a high level of risk and can result in the loss of all your funds.”

The “Plank” Strategy: Profit On Futures Rates
5 (100%) 1 vote

Leave a Reply

Your email address will not be published. Required fields are marked *

Pin It on Pinterest

Share This