Forex Divergence Entry Scalping Strategy
Forex Divergence Entry Scalping Strategy:
This Divergence scalping system is based on two divergence indicators and works on the all time frame. Here I show how it work at the time frame 5 min.
Trading Session: London and New York.
Metatrader indicators:
FXCX Divergence indicator (5,13,21,),
MACD Divergence indicator (12, 26 9),
Doda Stochastic indicator ( 5,13, 5 setting for 5 min and 15 min time frame, for other time frame the setting is 5, 8, 5).
Trading Rules: Divergence Forex Scalping System
Go Long
1) Buy Arrow FXCX Divergence indicator;
2) MACD Divergence indicator>0;
3) Doda Stochastic indicator go upward from oversold area.<70
Go Short
4) Sell Arrow FXCX Divergence indicator;
5) MACD Divergence indicator<0;
6) Doda Stochastic indicator go downward from overbought area but<30
Exit Position
Fast Profit Target 6-12 pips.
Stop loss 8 pips above or below the entry bar.
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 Divergence Entry Scalping Strategy?
- Download Forex Divergence Entry 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 Divergence Entry 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”.
