4X-Scalper: A true Scalping system by Dean is a concise, practical guide for forex traders aiming to profit from small, consistent market moves.
“4X-Scalper: A True Scalping System” by Dean is a concise, practical guide for forex traders aiming to profit from small, consistent market moves. Designed for beginners and seasoned traders alike, this ebook unveils a straightforward scalping strategy targeting 5-10 pips daily on the EUR/USD pair using Oanda’s low-spread platform.
It combines Bollinger Bands (21, 2) and RSI (14) on a 1-minute chart to identify overbought/oversold conditions, with trades executed during specific low-volatility hours (2-5 AM, 8 AM-12 PM, 7:30-10 PM EST). Emphasizing discipline, the system includes strict rules—5-pip stops, demo practice for at least three weeks, and avoiding major news releases.
Dean highlights money management and patience, promising scalable profits (e.g., $4,000/month at $20/pip). Simple yet effective, this ebook offers a no-nonsense path to mastering scalping, perfect for those seeking financial freedom through trading.
Excerpts
We are simply trying to take 5-10 pips out of the market every day, now this may not seem like much but once you are in a position to trade $20 a pip (which doesn’t take long) then you are making $4000 a month for about 2 hours work a day! So when you get to $100 a pip you will be earning more than most people do in a full time job!
The markets move 100’s of pips every day, it really isn’t that hard to take out just 10 pips every day.
Here are a few important rules that you must follow if you want to do this full time.
1.Take you time, no need to rush the markets will be here longer than you! Rushing will only make you frustrated and want to quit with the other %95 of traders who loose money in the markets.
2.DEMO trading is you friend don’t be afraid to use you demo account for months until you feel ready to start trading live.
3.Once you do start trading live please start with a small amount of money and trade for a further month, if you are profitable then you can consider pumping up the account.
4.Don’t get greedy, shoot for 10 pips a day and then stop and go and do something else. Sometimes you might feel that the day is not going well so you can settle for 5 pips or even 1 is better than nothing.