Forex Mega Trend Scalping Strategy

Forex Mega Trend Scalping Strategy

Forex Mega Trend Scalping Strategy;

Forex Mega Trend Scalping Strategy

This is an trend following scalping system based on the indicator megatrend.

Time Frame 5min

Megatrend Forex Scalping Metatrader Indicators:

Indicator settings FIP_LINE default ;

ZIG ZAG POINTER default;

MEGATREND (hull moving average) PERIOD = 50 ;

Pivot.

RULES

Buy

FIP_LINE show trend up ;

wait for MEGATREND to change color (red to blue) to up, after FIP_LINE show trend up ;

Buy only when the bar open above the pivot levels.

Sell

FIP_LINE show trend down ;

wait for MEGATREND to change color (blue to red) to down:

Sell only when the bar open below pivot levels.

Exit Position

Repaintig zig zag pointer does not go to next candle support or resistance;

levels pivots has been reached;

Profit Target Predetermined : EUR/USD 8 pips, GBP/USD 9-10 pips, AUD/USD 6-7 pips.

In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.

For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.

How to install Forex Mega Trend Scalping Strategy?

  • Download Forex Mega Trend Scalping Strategy.zip
  • Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
  • Copy tpl file (Template) to your Metatrader Directory / templates /
  • Start or restart your Metatrader Client
  • Select Chart and Timeframe where you want to test your forex strategy
  • Load indicator on your chart

How to uninstall Forex Mega Trend Scalping Strategy?

To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.

Download Free Forex Mega Trend Scalping Strategy

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