In this post I will be reviewing the Forex Orion Scalper Strategy which is a manual forex system developed to be used in the MT4 platform which you can download free of charge from most forex brokers if you don’t already have it. To use the Forex Orion Scalper Strategy, you will require the MT4 desktop software. You can also set an alert on your mobile phone to monitor signals and keep track of them while on the move. The software will alert you to any potential buy or sell signals that it finds. The software will alert you to any opportunity and display it on your chart. This will allow you to determine if the forex software is right for you.
Forex Orion Scalper Strategy
Forex Orion Scalper Strategy was named after a Forex scalping technique. In my opinion, scalping forex is the hardest way to trade the market. Scalping relies on very small pip movements. Scalping relies on small pip movements. This is why scalpers use a larger stop loss in order to prevent being whipsawed into and out of markets. Then there may be slippage which let’s say is 1 pip for arguments sake. To break even, the scalping method would only need to lose 4 pips after all the costs. This would also mean that stop loss should be at least 10 pip to reflect these risks. Forex scalping strategies have high success rates due to their small targets, but can lose a lot of previous winners.
A forex scalping program with high success rates will require a broker that offers low spreads and no commission fees. IC Markets ranks among my top forex brokers. Their liquidity pool means they can offer forex traders the best prices on the forex market. I have found them to be very responsive and flexible in payment, as well as offering excellent customer support 24/7. The alerts give you information about the Currency Pair and Time Frame, the Price, and the Signal which generated it. You can trade the Forex Orion Scalper Strategy with any trading instrument and chart timeframe you choose. As they only need to trade a small amount of pips, scalping strategies are best used in the lower time frames (e.g. 15 minutes). The developer shared screenshots that show the software used at higher charts, such as the 4-hour chart. You can customize the forex system to suit your preferences.
Forex Orion Strategy features
- Package of signal alerts (optional sell and buy signals).
- It is relatively simple to implement a trading strategy.
- For any question you may have, 24/7 Email Support is available
- Unique trading template to use with the MT4 platform
- There’s no need to look at charts 24/7
- Useful for M1, M5, and M15 time frames, as well as H1, H4, D1 and H4 time frames.
- Trade with all currencies and any other instruments using the same template
- Setup is quick and easy.
Forex Orion Scalper Strategy
The Forex Orion Scalper Strategy has a great package and all information is clearly displayed on the charts. This strategy is simple to use and versatile for all levels of traders. However, it requires some forex trading experience. Because there are both good and poor signals, you will need to conduct market analysis before you can enter the market. Next you must ensure that your money management is in order. Forex scalping systems can produce completely different results. It’s not unusual for different forex strategies to deliver different results. Many brokers don’t allow scalping, and it may be difficult to find the right broker conditions. Demo account conditions are different from actual account conditions. They do not take into consideration forex emotions that can impact your trading performance.
There are pros
- Semi-automated BUY/SELL Signals
- Get Signal Alert Notifications
- Configurable settings
- All Forex brokers
- Any chart time frame
- All trading instruments
- Receive Free Updates
- Get Full Support
- Only in the Best Conditions
- This isn’t the right place for beginner
- You Need To Take Your Time to Learn How To Use
- MetaTrader 4 only
- Use low spreads
- Commissions are low
- Minimal slippage