50# Jurik Scalp Net Trading System

Submit by joy22  update 2024

Jurik Scal Net strategy is designed for scalping in volatile markets, utilizing Jurik indicators for precise entry and exit points. The strategy is optimal for fast-moving markets, particularly on lower time frames. Below is a detailed outline of the strategy's setup, entry, and exit rules.

Strategy Setup:

• Time Frames: 3-minute and 5-minute charts.

• Currency Pairs: Volatile currency pairs (e.g., GBP/JPY, EUR/USD, etc.).

• Trading Session: Berlin session (9:00 - 22:00 GMT).

• Platform: MetaTrader 4 (MT4).

MT4 Indicators:

1. Jurik Filter: Used to determine the overall trend direction (default settin)

2. Jurik TTM SSA Bars: Indicates potential momentum shifts (default setting)

3. Jurik MACD: To confirm the strength of the trend (24, 52, 9).

4. Lucky Reversal Indicator: A key tool for defining zones of market reversals, guiding trade direction(80).

For other time frames you need to change the MACD and Lucky Reversal settings.

Long Entry (Buy):

Main Signal:

• The Lucky Reversal indicator shows a blue support zone below the price, indicating an upward bias.

Entry Conditions:

1. TTM SSA Bars must turn green, signaling positive momentum.

2. The Jurik Filter crosses upward, confirming trend shift.

3. The Jurik MACD is above 0, validating bullish strength.

Short Entry (Sell):

Main Signal:

• The Lucky Reversal indicator shows a red resistance zone above the price, indicating a downward bias.

Entry Conditions:

1. TTM SSA Bars must turn red, indicating negative momentum.

2. The Jurik Filter crosses downward, confirming trend shift.

3. The Jurik MACD is below 0, validating bearish strength.

Exit Strategy:

1. Stop Loss:

   • Place the stop loss just above the previous swing high for a short position, or just below the previous swing low for a long position.

2. Take Profit:

   • Set a profit target based on a 1:1.2 risk-to-reward ratio. For instance, if your stop loss is 10 pips, aim for a 12-pip profit.

Additional Notes:

• This strategy works best during high volatility periods when there is sufficient price movement within short time frames.

• It is crucial to monitor market conditions and avoid trading during low volatility or choppy periods, as the strategy relies on sharp and clear price movements.

• Risk Management: Adjust position sizing based on your account balance and risk tolerance, ensuring not to risk more than 1-2% of your capital per trade.

This Jurik Scal Net strategy is an advanced scalping approach, ideal for traders who are comfortable with rapid decision-making in volatile markets. It combines sophisticated Jurik indicators with the Lucky Reversal tool for high-probability trades in short timeframes. 

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