Range Factor Scalping 15 min

Range Factor Scalping 15 min

Forex DM Range Factor Scalping

Time Frame 15 min

Currency pair:major.Indicators:

ZDN;

bollinger bands(20
,2)

signal line 13
an 21;

pivot;

DM
range Factor;

Bar
Trend.

Rules:

Trade only in direction of the trend, to determine
the direction of the trend to use ZDN.

Long Entry:

When the prices goes at the Bottom or out
of the lower bands, wait uptrend signal line aqua,at_Zdn aqua,rangefactor sloping up.

Short Entry:

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When the prices goes at the Top or out of
the higher bands, wait downtrend signal line red,at_Zdn
red,range factor sloping up.

Exit Position

When Signal line change color;

At the level of the
pivots;

Profit Target predetermined, or ratio 1:2 stop loss;

(Profit Target Predetermined: EUR/USD 15 pips; AUD/USD 12 pips; GBP/USD
18pips.)

Stop loss on the previous swing.

In the picture Range Factor Scalping 15 min in action.

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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