The Use of Range Bars as Forex Scalping

Use of Range bars for Forex Scalping Trading Systems and Methods is very simple. All you will use for trading are the ups and downs, and the ending of range bars. The reason why I have arrived to this technique is because I need a plain scalping method that sets out undemanding rules. When in a trade scalping in the market, you will have a hard time checking every signal as they are lining up. Things move quickly that it is difficult to monitor a certain thing for a short period of time.
What you need to efficiently run the system is a diagram of range bar. You may get the range bar chart online for mt4. In some platforms, there are already charting options that can show range bars. In my opinion, it’s better to avail cheap mt4 range bar software because the free to download ones are sometimes unsatisfying.
When you already have your software for the chart of range bar, do not miss to put the indicator of momentum in it. In my chart, you can have three levels. When a certain price is found among these levels then it is more often than not range bound. Then you will know that it’s a good time to trade if the price is not lower or higher than these levels.
For someone to succeed in this scalping system, he will need a good instinct. Unfortunately, I am not very fine as I personally cannot follow some trading systems and methods of scalping well. That’s probably the reason why I dedicate myself to lasting daily charts. But now, I can say that I am better with using range bars as a scalping system. It’s just a matter of practice.
These are the regulations.
Short if
• there’s lesser lows because of price
• there’s lower highs because of price
• momentum didn’t reach 100
• over 1 bullish bars has closed
• one bearish bar has closed an enter
Long if
• there’s higher highs because of price
• there’s higher lows because of price
• momentum exceeded 100
• over 1 bearish bars has entered
• one bullish bar has closed an enter
Exit
• half part when in your way bar shuts
• other half part where there is stalling of price
• completely at your own judgment on trade disposition
This is pretty much what the system is all about. It is not as complicated as other systems and when you get accustomed to it, it will surely bring in more pips. If needed to get your loss back, make a reverse by leaving and entering a trade.