Forex Cycle Waves Scalping Strategy
Forex Cycle Waves Scalping Strategy;
Cycle of Waves Scalping Strategy is one the best scalping strategy trend reversal based on Bollinger Bands and STC color (cycle indicator) filtered by Vcustom V3 indicator. The trading system start when the price touches the Bollinger Bands after wait that the price reversal.
This strategy is also good for Binary Options high/low.
Expiry time 3-5 candles.
Time Frame 5 min or 15 min.
Currency pairs: majors, Indices and majors stocks.
TLB OC Support and resistance levels.
Bollinger Bands (20, period, deviations 2.0).
Key PA levels.
Bollinger Bands Toucher (20 , 2.0).
V Custom V.3
STC color (8, 16, 40).
Trading rules Cycle of Waves Scalping Strategy
Buy
When the price touches the lower bollinger bands waith that STC color line is green and that breaks upward the Vcustom -10 level.
Initial stop loss 3 pips below the entry bar.
Exit position at the levels of support and resistance or with fast profit target.
Sell
When the price touches the upper bollinger bands waith that STC color line is red and that breaks downward the Vcustom +10 level.
Initial stop loss 3 pips above the entry bar.
Exit position at the levels of support and resistance or with fast profit target.
This trading system is suitable for money management with the martingale.
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 Waves Scalping Strategy?
- Download Forex Cycle Waves 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 Waves 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”.
