Forex Dragon Fly Scalping Strategy
Forex Dragon Fly Scalping Strategy:
Time Frame 5min but Work any time frame >5min.
DSS Bressert Blue Arrow,
RSIOMA cross up,
Ribbon is green.
Not to Entry if DSS or RSIOMA is in Overbought
DSS Bressert Red Arrow,
RSIOMA cross down,
Ribbon is Red.
Not to Entry if DSS or RSIOMA is in Oversold.
- When the dot of DSS changes color from red to blue to red or blue;
- When the Rsioma Crosses in opposite direction;
- When Ribbon Change colour.For 5min chart we prefer when The RSIOMA crosses in opposite direction and Profit Target.
Stop lossfor 5 min chart is 3 pips below or above the entry point.
Profit Target for 5min chart is 8 pips for EUR/USD, 10 pips for GBP/USD and 6 pips for AUD/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 Dragon Fly Scalping Strategy?
- Download Forex Dragon Fly 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 Dragon Fly 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”.