Crazy Nippel System - aggressive scalping for big profits

Good day. The forex market, as is known, allows you to earn a lot of money. But will you be able to carry it away? Currency trading is not a place for whiners. Today we will examine a powerful strategy from our forum called Crazy Nippel System. If you are unable to control your emotions, if this is your first week on Forex and the most you are capable of is crying about a lost hundred dollars on cozy VK, then this trading system is not for you.

Platform: Any
Currency pairs: any
Timeframe: D1+H4+M15+M5+M1
Trading time: European and American sessions
Recommended broker: Alpari (ECN accounts)

This trading system is not for beginners. Below is a list of what you need to know in order to analyze the market using the Crazy Nippel System trading strategy.

I will try to convey the rules of the trading system in the form of a short list, but it can serve only as a cheat sheet during trading. For a full understanding of the rules, watch the video at the beginning of this review.

So, our goal is to determine the direction for trading on the higher timeframes, then, having decided on the direction, open orders on the lower chart scales.

1) Analysis of daily charts

We apply horizontal levels, RSI (with a period of 7), SMA with periods 50, 100, 150 and 21; as well as 2 pairs of Bollinger Bands 200 with  deviations of 2 and 3. We determine strong levels, look for Price Action patterns, pay attention to RSI and divergence. We read the OVERALL picture, determining where the price is most likely to move in the short term.

2) H4 analysis

We mark levels on H4 (not forgetting the levels from the daily charts), look at the nearest levels from D1, analyze RSI and divergence.

3) M15 analysis

We change the RSI period to 9, add Zig Zag to the chart for a clearer determination of the trend and lows / highs. We look on the chart for double bottom / top patterns, triangles, and so on. We try to answer the question: "What is happening on the chart?"

4) M5 analysis

What is happening on M5? We determine in which direction we will open positions, look for a local extremum and try to jump in on it - buy in oversold conditions / sell in overbought conditions.

5) M1 analysis (optional)

You can enter on both M5 and M1. We enter by RSI, the target is the nearest strong level (most often a cluster of moving averages). There is no stop-loss or take-profit; we close trades manually when targets are reached.

Another important part of this strategy is working with an order grid. Everything is quite simple: if after opening an order, the price reaches our target, we close it and wait for the next trade.

If the price continues moving against us, we open new orders after a drawdown of every 10-50 points as soon as the price movement slows down again. The number of points depends on the current volatility and the volatility of the pair in general. For example, for gold it will be 30-50 points, for EURUSD 10-30. We open the second and third orders with the starting lot, orders 4-5 can be increased 2 times. It is not worth holding more than 5 orders in the market.

When a large number of levels builds up in the grid, it is best to exit with some profit without waiting for movement to the calculated profit-taking zone. If the price is not behaving as planned, then the analysis was not entirely correct and there is no point in taking extra risks. A bird in the hand is worth two in the bush.

Since an order grid is used (see above), and with lot increases at that, money management in this system plays a critical role. If you have a weak understanding of what lots are and the relationship between position size and deposit, you can close the page. You will lose.

For those who do understand the importance of position size, the author gives the following recommendations: a 0.01 lot for every 200-300 units of currency.

It is also worth defining a total stop loss for the basket of orders. That is, the point at which you will close all orders if the total loss on them reaches N %. Everyone sets this level for themselves; the optimal option is 30-35%. Closing by such a total stop loss happens extremely rarely and is compensated by the high profitability of the system as a whole.

The Crazy Nippel System forex strategy has high profitability, but trading it is not easy. Without observing money management, you will lose your deposit with a 100% probability. I also recommend studying the system thread on the forum, since there are many additional examples there and the system author's answers to forum members' questions.

Installation instructions

Forum thread

Respectfully, Pavel
TradeLikeaPro.ru