Forex Channel Filter Scalping Strategy
Forex Channel Filter Scalping Strategy:
Time Frame :5 min.
Pairs: Aud/USD, GBP/USD, EUR/USD.
Forex Indicators:
Channel Scalper
Filter Trend (Set filter Trend 15 min time frame)
Bollinger Bands (25, 2).
Long Entry:
Channel Scalper buy confirmed by filter Trend Green. Not Entry Long if the bar entry close outside the upper band but wait retracement inside bar for buy.
Short entry:
Channel Scalper sell confirmed by filter Trend Red. Not Entry Long if the bar entry close outside the Lower band but wait retracement inside bar for sell.
Exit Position
When Channel Scalper change position.
Place Stop Loss 10- 12 pips
Profit Target: 6 pips AUD/USD, 8 pips, EUR/USD, 10 pips GBP/USD
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 Forex Channel Filter Scalping Strategy?
- Download Forex Forex Channel Filter 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 Channel Filter 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”.
