Luxury Scalping forex system

Luxury Scalping

Frame 5min.

Currency Pairs: majors.

Indicators:

20EMA

50EMA

200EMA

MAX OBOS oscillators (30-40) (10-20);

Long Entry:

20EMA>50EMA>200EMA

MAX
Oscillators (10-20 red)> Max Oscillators
(30-40 Blue).

Re-Entry:  the price to pullback
towards the rising EMA’s with the previous
conditions.
Short Entry:

20EMA<50EMA<200EMA

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MAX Oscillators (10-20 red)< Max Oscillators (30-40
Blue).

Re-Entry:  the price to pullback
towards the rising EMA’s with the previous
conditions.

Stop Loss2 pips+spread below or above 50 EMA

Profit Target:

1)EUR/USD 8pips, AUD/USD 6 pips, GBP/USD 10 pips;

2) for Buy when EMA 20 is below EMA 50, for Sell when EMA 20 is above EMA
50.

 

 

In the pictures Luxury Scalping in action.

 
 
 

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  • 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