If you are looking for a high winrate strategy for daytrading forex, then the EASY scalping strategy could be the perfect fit for you. This strategy is designed to take advantage of short-term price fluctuations in the forex market, allowing traders to enter and exit trades quickly to maximize profits.

Strategy Overview

The EASY scalping strategy is a trend-following strategy that focuses on trading during the most active market hours. It uses a combination of technical indicators to identify high-probability trading opportunities.

The key to this strategy is to remain patient and disciplined. It's essential to wait for the right set-up and only trade when all the necessary conditions are met.

Indicators Used

1. Moving Averages: The strategy uses a 20-period and a 50-period moving average to determine the overall trend. When the 20-period moving average is above the 50-period moving average, the market is considered to be in an uptrend, and vice versa.

2. Stochastic Oscillator: This indicator is used to identify overbought and oversold levels in the market. When the stochastic oscillator is above 80, it indicates that the market is overbought and a potential reversal could occur. When it is below 20, it indicates that the market is oversold, and a potential reversal could occur.

Entry Signals

The EASY scalping strategy generates entry signals based on the following conditions:

1. The market is in an uptrend, as indicated by the 20-period moving average being above the 50-period moving average.

2. The stochastic oscillator is above 80, indicating that the market is overbought.

When both of these conditions are met, a short trade can be initiated.

Conversely, a long trade can be initiated when the market is in a downtrend and the stochastic oscillator is below 20.

Exit Signals

To avoid excessive risk and maximize profits, it's crucial to have a clear exit strategy. The EASY scalping strategy uses a fixed profit target and a stop loss to manage trades.

A profit target of 10-15 pips is recommended for this strategy. This means that once the trade has reached a profit of 10-15 pips, it should be closed to lock in the gains.

A stop loss of 10 pips should also be used to protect against potential losses. If the trade goes against you and the price moves 10 pips in the opposite direction, the trade should be closed to limit the loss.

Conclusion

The EASY scalping strategy is a simple yet effective strategy for daytrading forex. By following the rules of the strategy and remaining patient and disciplined, traders can increase their chances of success and achieve a high winrate.

Remember to always practice proper risk management and never risk more than you can afford to lose.