Trend Cycle Forex Scalping Strategy
Trend cycle is a scalping strategy uses comprehensive indicators. This works on a major currency pairs and uses a 5 or 15 minute timframe.
Forex Indicators needed:
- Scaff Trend Cycle nrp 1
- MACD Default
- Parabolic Sar 0.2 0.02
Long Entry:
- Schaff Trend Cycle is rising
- Schaff Trend is greater than or equal to 25.
- MACD is an uptrend.
- Parabolic is an uptrend.
Short Entry:
- Schaff Trend Cycle is declining
- Schaff Trend is less than or equal to 75.
- MACD is an downtrend.
- Parabolic is an downtrend.
Exit Position:
The exit strategy is easy to identify. Just refer to the MACD for exiting. When MACD is less than 0 then that’s the time you can exit.
Take profit at 8-12 pips and place stop loss on the previous swing.
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