forex scalping strategy 2019

Time frame:1 min;

forex scalping strategy 2019

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 the picture below an example of the TrendLine Scalper Forex System in action.

Trendline Scalper Trading System

Trendline Scalper Trading System

Share your opinion, can help everyone to understand the forex strategy.

  • Platform: Metatrader4
  • Currency pairs: Any pairs, indices and metals
  • Trading Time: Around the clock
  • Recommended broker: icmarkets, XM
  • How to install MT4 indicator?
  • 1. On the desktop, double-click to open the MT4 trading platform software you installed.
  • 2. Click on “File” – “Open Data Folder” in the upper left corner, double-click the MQL4 folder, and double-click the Indicators folder
  • 3. Copy the metrics you need to install to the Indicators folder
  • 4. Open MT4, find “Navigator” in the display menu, then click “Technical Indicators” of “Navigator” and right click to refresh, you will see the indicator just copied.
  • 5. In the “Technical Indicators” of “Navigator”, find the indicator file just installed, double click or click manually to the chart window