Forex Range Factor Scalping Strategy
Forex Range Factor Scalping Strategy;
Time Frame 15 min
Currency pair:major.
Indicators:
ZDN;
bollinger bands(20 ,2)
signal line 13 an 21;
pivot;
DM range Factor;
Bar Trend.
Rules:
Trade only in direction of the trend, to determine the direction of the trend to use ZDN.
Long Entry:
When the prices goes at the Bottom or out of the lower bands, wait uptrend signal line aqua,at_Zdn aqua,rangefactor sloping up.
Short Entry:
When the prices goes at the Top or out of the higher bands, wait downtrend signal line red,at_Zdn red,range factor sloping up.
Exit Position
When Signal line change color;
At the level of the pivots;
Profit Target predetermined, or ratio 1:2 stop loss;
(Profit Target Predetermined: EUR/USD 15 pips; AUD/USD 12 pips; GBP/USD 18pips.)
Stop loss on the previous swing.
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 Range Factor Scalping Strategy?
- Download Forex Range Factor 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 Range Factor 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”.
