Forex Kevinator Retracement Scalping Strategy
Forex Kevinator Retracement Scalping Strategy:
This is a scalping system based on the retracement of the price.
Time frame: 5m Kevinator system Major only.
Pairs: Majors (eur/usd, usd/chf, gbp/usd, aud/usd, usd/cad, usd/jpy, gpb/gpy).
Metatrader Indicators:
TMA,
MTF Stoch 4TFx4,
Retracement Finder.
Retracement bars are the magneta (purple) bars on the indicator on the bottom. If the market is stepping down you take the downward magneta bars as entry. If the market is stepping up you take the upward magneta bars as entry.
LONGTERM
You can either enter the market (long term) when the mtf stochastics is changing directions and hold until trend is done or at any of the retracement bars going in the direction of the trend and hold (20-400pips).
SHORT TERM
You can scalp the market by finding the direction of the current trend (stepping up or stepping down) and entering the retracement bars.
There are two ways to trade this system but the entry rules are solid.We have a solid method to define a trend (mtf stochastics) and a solid entry method (enter on retracements).
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 Kevinator Retracement Scalping Strategy?
- Download Forex Kevinator Retracement 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 Kevinator Retracement 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”.
