Forex Day Mometum Scalping Strategy
Forex Day Mometum Scalping Strategy:
Expiry time 5 candles.
Time frame 1 mi or 5 min.
Trading Sessions: London and New York.
AFS arrow 11 period,
Trading Rules Day Mometum Strategy
Price above 144 MA.
AFS buy arrow.
MACD green color.
Stochastic oscillator crosses upward.
Profit Target options: at the pivot points levels, at the opposite arrow or with predetermined pt (5 – 8 pips).
Price below 144 MA.
AFS sell arrow.
MACD red color.
Stochastic oscillator crosses downward.
Initial stop loss on the previous swing high.
Profit Target options: at the pivot points levels, at the opposite arrow or with predetermine pt (5 – 8 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 Day Mometum Scalping Strategy?
- Download Forex Day Mometum 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 Day Mometum 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”.