Forex Schaff Trend Scalping Strategy
Forex Schaff Trend Scalping Strategy:
Timeframe: 5,15 Min
Currency Pairs: Majors
Indicators:
Schaff Trend,
Schaff MACD,
HMA rnp.
Entry Long:
1.Schaff Trend Cycle has been rising;
2. Schaff Trend >= 10;
3. MACD >0;
4.HMA Green.
Short Entry:
1. Schaff Trend Cycle has been declining;
2. Schaff Trend <= 90;
3. Shaff MACD <0;
4.HMA rnp red.
Exit Position:
Exit when the MACD line separates itself from the Histogram while sometimes you need to Exit when the Schaff has reached to 75 level (if you’re on Long Trade).
Exit also with predetermined Profit Targetfor 5 min and 15 min Time Frame (EUR_USD 8-14 pips, AUD/USD 6-12 pips, GBP/USD 10-15 pis).
Exit also on the pivots levels.
Place 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 Schaff Trend Scalping Strategy?
- Download Forex Schaff 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 Schaff 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”.
