Over the past 10 years, I have developed several scalping strategies. However, there is one that I find particularly interesting, and it’s the strategy I would like to share with you. Before I share it, please note that this strategy may not work well if you are in the United States due to the following reasons: FIFO Rule: U.S. regulations require traders to close the oldest trades first, which can complicate scalping. Leverage Caps: U.S. brokers limit leverage to 50:1 for major pairs and 20:1 for minors, reducing potential profitability. High Transaction Costs: The cost of spreads and commissions can quickly add up, especially with the high trade volume of scalping. Time Zone Challenges: The most favorable market hours may not align well with your local time in the U.S., making active scalping more difficult. Up to this point, am I clear?
It seems more like it is an ineffective scalping strategy with maximal drawdown. Your risk : reward ratio appears to be worse than 2:1 Anyway, just post your trades (demo trade will do) and we can determine whether you have a great strategy or you are just BS-ing.
answer: because it lacks double low (a price action pattern where the price touches the same low level twice within a 4 hour time frame without breaking below it)