Forex Luxury Scalping Strategy
Forex Luxury Scalping Strategy:
Time Frame 5min.
Currency Pairs: majors.
Indicators:
20EMA
50EMA
200EMA
MAX OBOS oscillators (30-40) (10-20);
Long Entry:
20EMA>50EMA>200EMA
MAX Oscillators (10-20 red)> Max Oscillators (30-40 Blue).
Re-Entry: the price to pullback towards the rising EMA’s with the previous conditions.
Short Entry:
20EMA<50EMA<200EMA
MAX Oscillators (10-20 red)< Max Oscillators (30-40 Blue).
Re-Entry: the price to pullback towards the rising EMA’s with the previous conditions.
Stop Loss2 pips+spread below or above 50 EMA
Profit Target:
1)EUR/USD 8pips, AUD/USD 6 pips, GBP/USD 10 pips;
2) for Buy when EMA 20 is below EMA 50, for Sell when EMA 20 is above EMA 50.
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 Luxury Scalping Strategy?
- Download Forex Luxury 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 Luxury 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”.
