Accurate Scalping Method based on clear set of rules

The basis of this system comes from a French guy called HMAOUI that was created in 2011 (here is the link)

I have worked this system for some time and it took me 6 years to perfect it. The reason is that I was not able to clearly define my instruments for my entries. Now I can and I want to document it here. All the indicators used can be downloaded in MQL and I will provide links. I modified mine to suit my taste of colors and removed unwanted elements. Here is my trade for the day and this example can be reproduced day in day out. 5-20 pips per trade is the norm and losses are between 5 to 12 pips.

Indicator needed are (please get your own as everyone has their own taste. Don't ask me for help. Google it!)
Guppy MAs (ST is short term and LT means long term)
Currency strength (here the forex factory link)
ADX - DM+ and DM-, is as standard indicator within MT4
STOC 5,3,3 s as standard indicator within MT4

I have attached the Guppy Indicator and the 2MA ADX


Sync tool used for charts https://www.forexfactory.com/thread/...tic-chart-sync

I have 3 charts open at a time. 5Min to check for valid setups, 1Min for actual trade entry and 1 hour to get an overall view(verify) of the market for that instrument. Below is my third trade this morning that yielded 15 pips. I took 2 other trades on GJ, first one was a looser(-10pip), 2nd one exit with 21 pips. Therefore a bit over 25 pips within 3 hours. I live in Switzerland and trade the London open and the NY open (work times are Tu to Th morning 7:45 to about 11am and Mon and We 13:00 to 16:00)

My rules in summary are

M5 check for Guppy trend/ADX and verify this with currency strength. I don't really use STOC in this time frame
H1 - Are we with the overall trend or not
M1 - Follow the rules established by HMAOUI SL max set to 10 pips, 7 pips is better. Execute the trade by the book

Check for possible trades on M5 (tactical planning)

Rules are based on HMAOUI attached as PDF. Many thanks to Monsieur HMAOUI!!!

Here a link to a document that I compiled .

https://docs.google.com/document/d/1...cqXTUi4qKpg60/


Verify the overall situation (Verification of strategy)


Execute the trade (Operations)


YouTube link showing todays setup

YouTube showing the week and the trades
I aim to verify this method within this thread. Post setups and your reasons for taking the trade.

I have opened up the thread to have posts from all member levels. To keep the thread clean, I will remove comments that don't add value. No offence meant...

Extract from HMAOUI thread post 1

Here some great example by HMAOUI

https://www.forexfactory.com/thread/...13#post4441913

https://www.forexfactory.com/attachm...0&d=1299756270

Here a nice setup on the 27th. Clearly NZD is weak and JPY is strong. Kind of a no brainer. The question is only: Take NU or NJ. In this case the NJ is the bigger runner. In hindsight this is always easy to say.... but this trade is a real money maker at any skill level. The nice part is that the currency showed the instrument to look at. That is what makes the difference. Now you know where to look!





Nice 15 to 29 pips depending on your risk appetite....

Over 50 pips this morning.... nice clean setups - 4 trades

4 trades - four winners. Very important to look at round numbers, 50, 20 and 80 lines

Today very clear setups using HMAOUI rules. I use my own variation of it

hi what the name of indicator in picture red and blue with arrows.

Very much interested as i use Guppy since many years. i use rsi as oscillator . i have never used ADX.
will you please explain how ADX helps your trades ?
the videos you posted are unfortunately not available here .

subscribed

Do you have the indicators and tempate file please?

I couldn't let it slide without saying a massive thank you for sharing your trading knowledge with me! Your insights have been gold, and I'm stoked to apply them to my trades. You rock!

Do your eyes a favour, read Laura T's Roadmap thread.