Introducing the SST strategy in Forex

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Introduction:
SST strategy in Forex stands for “Seven Summits Trader” or “Simple Strategy Tester”.

The “Seven Summits Trader” Forex model is a trading system based on technical analysis and smart money management and is offered by Netpicks. This strategy aims to identify optimal trading opportunities that are most likely to be profitable in the forex market.

This strategy includes the following steps:

1. Identifying entry points: Traders identify suitable entry points in the market by using the technical analysis tools included in the SST strategy.
2. Adjusting the loss limit and profit limit (Stop Loss and Take Profit): According to the standard risk management procedures, a limit is set to control the risk in each transaction.
3. Strategy optimization: trading performance tests are used to evaluate and optimize the strategy, so that it reaches sustainable profitability.
4. Automation and testing: The SST strategy may include automated components that allow trades to be executed non-manually without trader intervention. These strategies are also often capable of being simulated and backtested to ensure their effectiveness.

The “Smart Scalp” strategy in forex is one of the trading approaches in short-term time frames where traders try to make short-term profits from minor price changes. This strategy is especially popular among day traders as well as those looking for trading opportunities on small and short time frames. “Smart Scalping” has gained attention due to the strategy’s potential to increase speed and reduce risk compared to longer-term trading.

The main characteristics of this strategy include the following:

1. Trade in short time frames: Usually in 1 minute, 5 minute or even shorter time frames.
2. Identification of quick entry and exit points: A variety of technical indicators such as moving averages, Bollinger Bands and RSI are used to identify the best entry and exit points in transactions.
3. Rigid risk management: Stop-loss setting is used for each transaction to limit possible losses.
4. Multiple and small returns: The goal of this strategy is to make small but numerous profits, which together may generate significant returns for the trader.
5. The need for constant attention and activity: Since scalping is a very active process, the trader must constantly review his trades.
6. Use of fast trading tools: Using trading platforms equipped with automatic and fast order execution capabilities.
7. Help from software and robots: Some traders may use trading algorithms and bots to improve the speed and accuracy of order execution to execute scalping strategies.

Before implementing the “Smart Scalp” strategy, it is important to be very clear with your trading rules and make sure you exercise caution and are aware of your broker’s limitations. This style of trading requires not only accurate market analysis, but also high speed of action and proper management of emotions.

The “Smart Scalp” strategy in Forex is based on the principles of scalping and technical analysis, and the following aspects are key to success in this type of trading:

• Choosing the right currency pair:

For forex scalping, currency pairs with high liquidity and lower spreads, such as EUR/USD or GBP/USD, are preferred. High liquidity allows traders to fill their orders without significant leverage.

• Detailed technical analysis:

Scalping requires traders to carefully examine spot prices and chart patterns. Traders often use indicators such as moving averages (to determine trends), support and resistance levels, RSI (to identify oversold conditions) and MACD, and also use the stock stick indicator for entry signals.

How to use to enter the transaction:

To detect the market trend, moving orij is used with 20 day settings in 30 minutes time, and moving orij 20 or 14 openings in 3 or 5 minutes time is used to detect the end of pullback. The stock stick indicator is used to receive an entry signal, so that if two stock stick curves meet (cross) and two curves are formed in the stock stick from level 20 upwards, it is a buy signal, and also if from the top and level 80, two stockstick curves collide, a sell signal is issued. This is if the RSI should be above 50 to enter a buy transaction and RSI should be below 50 for a sell transaction.

• Fast transaction management:

In scalping, timing is very important; Therefore, traders must be able to enter and exit trades quickly. This means that they must be able to keep abreast of news and economic events that may affect the markets.

• Accurate risk management:

Scalp trading involves limited but frequent risks, however, the trader tends to keep his risk level low. This may be done by using stop-loss orders, which are quickly activated if the market moves against expectations.

• Turnover:

Traders may trade large volumes because the profit from each trade may be relatively small. Therefore, the use of high leverage can lead to greater profits, but it certainly involves more risks.

• Using the right technology:

Trading platform performance and order execution speed can make a significant difference in scalping. For this reason, many scalpers use advanced trading platforms and high-speed internet connections to minimize delays in executing their orders.

• Psychological aspects:

Since scalping can put a lot of pressure on traders, the ability to maintain composure and discipline in trading is of great importance. This is especially important when the market is volatile.

Result:

Finally, we must say, “Smart Scalp” is often done with the help of algorithms and automatic tools to increase the accuracy and speed of transactions. But, even with the use of these tools, the knowledge and experience of the trader is essential in recognizing opportunities and managing risk.

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