Forex Wave MACD Scalping Strategy
Forex Wave MACD Scalping Strategy:
Time Frame: 1 min, 5min,15min, 30min
Currency Pairs: all.
Forex Indicators:
34EMA High (green)
34EMA Low (Red)
34EMA close (white)
161EMA
Pivot
Stochastic (8,3,3,)
RealMACD (5, 15,5)
Long Entry
When the price retraces into the wave from above the wave
wait a candle that closes above the wave
with Stochastic >50 and MACD>0
Short Entry
When the price retraces into the wave from below the wave
wait a candle that closes below the wave
with Stochastic <50 and MACD<0
Setting for 30 min time frame
Stop Loss
for sell 2 pips above 34 EMA close.
for buy 2 pip below 34 EMA close.
Profit Target on the level pivot or 35 pips.
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 Wave MACD Scalping Strategy?
- Download Forex Wave MACD 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 Wave MACD 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”.
