Forex Stochastic With BB Scalping Strategy
Forex Stochastic With BB Scalping Strategy:
Time Frame 5min
Currency Pairs :
Volatile: GBPJPY, GBPCHF, EURJPY
Majors: EURUSD, AUDUSD and GBP/USD
Indicators:
Stochastic (5, 3, 3),
2 LWMA H/L (White), 40 LWMA Close (yellow),
Bollinger Bands (20, 2).
Pivot indicators.
Long Entry:
Stochastic (5,3,3)>50 > Stochastic (18, 5,3).
2 LWMA H/L above middle band of the bollinger Bands and above 40 LWMA .
No Entry if Stochastic is in Overbought
RE-Entry: wait retracement Stochastic on the 50 level line.
Short Entry
Stochastic (5,3,3)<50 < Stochastic (18, 5,3).
2 LWMA H/L below middle band of the bollinger Bands and below 40 LWMA .
No Entry if Stochastic is in Oversold
RE-Entry: wait retracement Stochastic on the 50 level line.
Exit position:
Stop loss 10-12 pips or previous swing.
Profit Target: First at levels pivot, or predetermined Profit Target 6-9 pips Majors pairs, 9-15 pips volatile pairs.
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 Stochastic With BB Scalping Strategy?
- Download Forex Stochastic With BB 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 Stochastic With BB 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”.
