Forex Cycle LWMA Scalping Strategy
Forex Cycle LWMA Scalping Strategy:
Cycle scalping is an intraday system trend following system. This strategy is based on two fast LWMA 5 and 6 periods, MACD and the trend arrow indicator.
Time Frame 5 min 15min and 30 min.
Currency pairs with low spreads.
Metatrader Indicators:
LWMA 5 period, optional.
LWMA 6 period, optional.
Price action area:
MA 5 period high,
Ma 5 period lpow,
Supermath indicator,
MACD 12, 26, 9 as or,
MACD Two lines (12,26,9).
THW Pivolt lines.
Super indicator V.2 ( this is a repaint indicator based on the fracta cycle)
Trading rules Cycle Scalping
Trade only in the direction of the Super indicator
Buy
Whean appears the green alert arrow of the super indicator for entry buy wait the following conditions:
Supermath arrow buy,
Red line of Macd below blue histogram MACD. (MACD two lines line blue above red line)
Optional (LWMA5>LWMA6)
Sell
Whean appears the red alert arrow of the super indicator for entry sell wait the following conditions:
Supermath arrow sell,
Red line of Macd above blue histogram MACD. (MACD two lines, line blue below red line)
Optional (LWMA5<LWMA6)
For best entries wait that the price retraces into price action channel.
this idea of trading is not suitable for beginners but who already has experience with techniques of price action.
Exit at the opposiste arrows or at the levels of the pivot point.
Place initial stop loss ont he previous swing.
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 Cycle LWMA Scalping Strategy?
- Download Forex Cycle LWMA 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 Cycle LWMA 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”.
