Forex TrendLine Scalping Strategy
Forex TrendLine Scalping Strategy;
Time frame:1 and 5 minutes;
Pair:EUR/USD, GBP/USD,AUD/USD
Spread:max 0.0015
Indicators:
Trendline;
Stochstic (5,3,3)
Short Entry
Trendline Scalper in a down trending market. The currency pair retreats on the trend line but doesn’t close above. Open a sell trade if the Stochastic oscillator crosses up from overbougth area. Long Entry Trend line in a up trending market. The currency pair retreats on the trend line but doesn’t close below. Open a buy trade if the Stochastic oscillator crosses up from oversold area. Stop Loss 2 pips above or below The previous swing. Profit Target 6 pips AUD/USD, 7 pips EUR/USD, 10 pips GBP/USD
Long Entry
• Trendline Scalper in a up trending market.
• The currency pair retreats towards the rising trend line but doesn’t close below.
• Open a buy trade if the Stochastic oscillator turns back above 20 from oversold readings below 20
• Place your stop loss 3 pips below the rising trend line.
• Price objective 7-12 pips or better.
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 TrendLine Scalping Strategy?
- Download Forex TrendLine 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 TrendLine 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”.
