After Hours Forex Scalping Strategy

I use the after hours forex scalping strategy to exploit the euro/dollar currency pair during the forex after hours. In particular between 7: 00 PM EST and 0: 00 AM EST.

The strategy works counter-trend and trades short at the top of the range and long at the bottom of the range.

Trade Preferences:

• Preferred currency pair to trade: Euro
•Time to Trade: Between 7: 00 PM EST and 0: 00 AM EST (5 hours)
• Preferred Timeframe’s: 5 Min or 15 Min

EUR/USD After Hours Trading Example

after-hours-forex-scalping-system

The after hours forex strategy earned me 28 pips in 5 hours of trading the euro/dollar. (see screenshot)

How the strategy works:

GENERAL

• Mark off the high-low range between 4PM EST and 7PM EST.
• Important! The range should be at least 30 pips, otherwise no trading.
• Trade the range between
7: 00 PM EST and 0: 00 AM EST.
• We’d like to go short at the top of the 4PM EST and 7PM EST trading range.
• We’d like to long at the bottom of the 4PM EST and 7PM EST trading range.
• Stop trading at 0: 00 AM EST.

BUY TRADE

• Go long immediately after the euro/dollar touches the range low.
• Look to scalp 20 pips.
• Place stop loss 12 pips below the low of the trading range.

SELL TRADE

• Go short immediately after the euro/dollar touches the range high.
• Look to scalp 20 pips.
• Place stop loss 12 pips above the high of the trading range.