Forex Iregression Scalping Strategy
Forex Iregression Scalping Strategy;
Time Frame 5min or higher
Pairs:majors
Forex Indicators:
1) Linear Regression Channel (i-Regr) with the following settings: degree=3, kstd=1.5, bars=240, shift=0
2) Entry Trigger indicator with these settings: g_period_76=2, gi_80=1, Nbars=1000
3) Colored MACD with settings: FastEMA=5, SlowEMA=15, SignalSMA=1
LONG Entry:
1) Look for price to be near the Lower i-Regr band. If it is below or over the band that would be ideal. Sometimes we can open a position without this rule however the system is stronger when it is applied. As the lower i-Regr band represents a momentum support level, there is big chance that the price will retrace and if our other rules are also met, the chance for our trade to be profitable is greater. 2) Look for the MACD indicator to increase it’s value, in other words to be colored Green. If it occurs above the Zero line this is an even stronger signal however its not an absolute requirement.
3) Look for the Blue Arrow of the Entry Trigger to appear and then open a Long Position immediately. 4) Set your Stop Loss just below the previous low. 5) Set your Profit Target at 15-30 pips from entry depending on the volatility of the pair you trade and the timeframe used. If the pair is more volatile, such as GBP/JPY, and/or the time frame is higher, then you could set a larger take profit target. You can your close position manually as soon as you get 5-10 pips of profit if you feel that the price will reverse. It is better to close a trade in some profit rather than losing.
SHORT Entry:
1) Look for price to be near Upper i-Regr band. If it is above or over the band that would be ideal .Sometimes we can open position without this rule however the system is stronger when it is applied. As the upper i-Regr band represents a momentum resistance level, there is big chance that the price will retrace and if our other rules are also met, the chance for our trade to be profitable is greater.
2) Look for the MACD indicator to decrease its value, in other words to be colored Red. If its occurs below the Zero line this is an even stronger signal however its not an absolute requirement.
3) Look for the Yellow Arrow of the Entry Trigger to appear and then open a Short Position immediately.
- Set your Stop Loss just above previous high. 5) Set your Profit Target at 15-30 pips from entry depending on the volatility of the pair you trade and the time frame used. If the pair is more volatile, such as EUR/JPY, and/or the time frame is higher, then you could set a larger take profit target. You can your close position manually as soon as you get 5-10 pips of profit if you feel that the price will reverse. It is better to close a trade in some profit rather than losing.
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 Iregression Scalping Strategy?
- Download Forex Iregression 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 Iregression 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”.
