Forex SNR Bands Scalping Strategy
Forex SNR Bands Scalping Strategy:
This is a scalping trading system based on static support and resistance.
Time Frame 5 min or 15 min.
Currency pairs:any.
Support and resistance scalping metatrader indicators:
Great Support and Resistance FX, indicator,
Fibo pivot 3, indicator,
Bands Modified (deviations 2.0) indicator.
The Rules for for Support and Resistance scalping are easy.
Buy:
Wait the price breaks lower bands and touches the support line, after entry buy at open next bar.
Sell
Wait the price breaks upper bands and touches the resistance line, after entry sell at open next bar.
Exit position
At the levels of the Fibonacci pivots.
Profit Target predetermined, depends by time frame and currency, or ratio 1:1 stop loss.
Stop lossfor buy 3 pips above the lower bands.
Stop loss for sell 3 pips below the upper bands.
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 SNR Bands Scalping Strategy?
- Download Forex SNR Bands 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 SNR Bands 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”.
