Forex Three MA Scalping Strategy
Forex Three MA Scalping Strategy;
Time Frame 5 min; 15min
any pair:
Session London and New york:
Metatrader Indicators:
Three exponential moving averages these are Fibonacci numbers.
144 EMA;
89EMA;
21 MA Smooth;
stochastic (13, 5,5,); ( these are Fibonacci numbers);
SHI Silver Trend.
The trade is simple:
- Trade only in trend:
- the trend is up when 21 ma Smooth>89EMA>144EMA;
- The trend is down when 21 ma Smooth>89EMA>144EMA;
- Price pullback on the moving averages and stochastic in overbought or oversold.
The trade is simple:
- Trade only in trend:
- the trend is up when 21 ma Smooth>89EMA>144EMA;
- The trend is down when 21 ma Smooth>89EMA>144EMA;
- Price pullback on the moving averages and stochastic in overbought or oversold.
Buy
The Trend is up ;(see previous conditions)
Wait the pullback price on moving averages confirmed by green dot SHI Silver Trend, Buy when color stochastic is in oversold with green color.
Sell
The Trend is down ;(see previous conditions) Wait the pullback price on moving averages confirmed by red dot SHI Silver Trend, Sell when color stochastic is inoverbough with red color.
Exit position
Stop loss 3 pip3 above below Hi or low of recent candle swing.
Profit Target fast and predetermined, depends by currency pairs and time frame 5min or 15min. Example (5 min 8-12 pips) (15 min 10-18pips). Good exit is also on the levels pivots or resistance-support.
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 Three MA Scalping Strategy?
- Download Forex Three MA 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 Three MA 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”.
