Trendline Scalping

Trendline Scalping

Time Frame 15min;

Currency pairs:any.

Indicators: (TradersCupu indicators)

Doda Bollinger,

Heiken Asci,

Pivot, Support and Resistence

TrendLine

Rules

Open the chart time frame of 60 minutes.

Determine the trend with the indicator trend
line. If the price is above the trend line green.
the trend is positive. If the price is below the trend line red the trend is negative.

After open the chart timeframe15 min, open a trade only in
the direction of the trend of 60 min chart.

Example in the chart EUR/USD to 60 min, the trend is
negative. We open the graph 15 minutes here, too,
the trend is negative. Selling only Sell.

Example in the chart EUR/USD to 60 min, the trend is
positive. We open the graph 15 minutes here, too,
the trend is negative. Not trade.

 

Exit position options:

Get E-Book Worth $100 for Free!!!

profit target 12-18 pips depens by currency pairs

take profit on the level pivots points;

exit when appears oppsite dot.

Place Stop loss2 pips above or below
dots of Doda Bollinger indicator.

 

In the pictures Trendline Scalping in action.

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