Forex Filtered Trend Scalping Strategy

Forex Filtered Trend Scalping Strategy

Forex Filtered Trend Scalping Strategy:

Forex Filtered Trend Scalping Strategy

his forex scalping system is not for beginners.

In this forex scalping system Stochastic indicator is a great filter.

Time Frame 5 min or higher;

Currency pairs major: (EUR/USD, GBP/USD, USD/CHF, USD/CAD, AUD/USD,).

Metatrader Indicators:

SFX MCL indicator;

RSI Indicator (5-period) with two moving averages 11 and 34 periods;

Stocastic Indicator (14,3,3)-low-High;

Pivot points Levels;

Trend Reversal indicator;

Rules:, RSI and SFX MCL filtered by Trend Revesal Scalping System

Long Entry

SFX MCL indicator line green >line blue

Wait crossing upward the RSI indicator, Moving Average of 17 and 34;

Trend Reversal indicator bars acqua;

Stochastic indicator crosses upward but is not in oversold Zone.

Not to Buy:

if the Stochastic indicator is in oversold Zone;(Stochastic as filter)

if the RSI indicator is >80;

Short Entry

SFX MCL indicator line green <line blue

Wait crossing downward the RSI indicator, Moving Average of 17 and 34;

Trend Reversal indicator bars red;

Stochastic indicator crosses downward but is not in overbougt Zone.

Not to Sell:

if the Stochastic indicator is in overbougt Zone;(Stochastic as filter)

if the RSI indicator is <20;

Exit position options

When SFX MCL Revesal position;

Profit Target 5-8 pips (example AUD/USD 6 pips, EUR/USD 7 pips, GBP/USD 8 pips);

exit at the pivot points levels;

Stop loss 10 pips below or above 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 Filtered Trend Scalping Strategy?

  • Download Forex Filtered Trend 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 Filtered Trend 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”.

Download Free Forex Filtered Trend Scalping Strategy

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