Stocycle Forex Scalping Strategy

0
432

Stocycle Forex Scalping Strategy

This is a trend following scalping strategy that combines 2 indicators. The other one determines the trend and the other one determines the cycle. This system works on a 15-minute or higher timeframe and is applicable to any currency pairs.

Metatrader indicators:

  • Trend indicator: I-High Low Middle indicator.
  • Cycle indicator: Stocycle indicator.

Buy Entry:

  • Stocycle indicator disc is dodger blue.
  • The price is above green line of I-High Low Middle indicator.

Sell Entry:

  • Stocycle indicator disc is pink.
  • The price is below the green line of I-High Low Middle indicator.

Exit position:

  • Target profit is determined per timeframe or at 1:1 ratio.
  • Place stop loss at 3 pips above or below entry bar.

These are the examples of the take profit:

  • Time Frame 15 min: EURUSD 8 pips, GBPUSD 10 pips AUDUSD 7 pips, USDCHF 7 pips;
  • Time Frame 30 min: EURUSD 11 pips, GBPUSD 14 pips AUDUSD 10 pips, USDCHF 10 pips;
  • Time Frame 60 min: EURUSD 14 pips, GBPUSD 16 pips AUDUSD 12 pips, USDCHF 12 pips;
  • Time Frame 240 min: EURUSD 16 pips, GBPUSD 18 pips AUDUSD 14 pips, USDCHF 14 pips;
  • Time Frame Daily : EURUSD 35 pips, GBPUSD 40 pips AUDUSD 35 pips, USDCHF 35 pips.

Recommended MT4 Broker

  • Free $50 To Start Trading Instantly! (Withdrawable Profit)
  • Deposit Bonus up to $5,000
  • Unlimited Loyalty Program
  • Award Winning Forex Broker
  • Additional Exclusive Bonuses Throughout The Year

Recommended broker

>> Claim Your $50 Bonus Here <<

Click here below to download:

Save

Save



Get Download Access

LEAVE A REPLY

Please enter your comment!
Please enter your name here