Forex Z Winner Scalping Strategy
Forex Z Winner Scalping Strategy;
THE SETUP:
Time Frame: 15 Minutes and 1 Hr whichever you prefer
Instrument : All Major Pairs
Trading Time : US Session 7:00 to 17:00 Eastern Time
Indicators: CCI 14 Period, Delete +100 and -100 Horizontal lines and add +50 Horizontal line instead.
Moving Averages : 3SMA and 9SMA
HOW TO TRADE
Here is an example chart showing how the Z-WINNER System is traded.
As I mentioned earlier, its a very simple and easy system to trade, we look for the CCI to cross the +50 line
(marked in red) either from above or below.
In the following example chart, the CCI crossed the +50 line from below ( Blue Arrow) giving us a Buy
Signal and as soon as the next candle opened, we went long at 1.4926.
We also got entry confirmation by the 2 SMA crossovers a little earlier.
Before we start our trading in the morning, we must make a note of the time of News Releases.
STOP LOSS
Always place your Stop Loss 2 pips above the most recent Swing High if you are Short and if you are Long then place your Stop 2 pips below the most recent Swing Low.
It is very rare that you would get stopped out but it is wise to place your stops for reasons beyond your control such as Power Failure or Computer Crash, an Earthquake, Bomb Blast, or Sudden Change in the Market.
Once you are in the Market and the trade is going nicely in your favour, stay in the trade until you see the Exit Signal marked with a red circle on the chart below or just before the end of the US Session at 17:00 Eastern Time.
We get our Exit signal when we see the CCI crossing the +50 line from the opposite side. Please see the chart
below. We got in the market at 09:15 ET and we exit at 15:30 ET at 1.5026, making 98 pips Net Profit.
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 Z Winner Scalping Strategy?
- Download Forex Z Winner 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 Z Winner 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”.
