Guppy Forex Scalping Strategy

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Guppy Forex Scalping Strategy

This is a scalping system that works on a 5 minute timeframe and is applicable to major and currency crosses pairs. Use this method in Euro and US sessions.

Forex Indicators:

  • Guppy Multiple Moving Averages
  • Rainbow MMA 01 – MMA 11
  • MACD default settings 12 26 9
  • Triangle breakout

The moving averages are used to determine the trend.

To determine a bullish trend; MACD must be greater than 0 and all green EMAs are above the red and going up.

Fo a bearish trend: MACD must be less than 0 and all red EMAs above the green and both going down.

Red colored EMAs are 125, 130, 135, 140, 145, 150, 155, 160, 165, 170, 175, 180, 185, 190, 195, 200
green colored EMAs are 78, 82, 86, 90, 94, 98, 102, 106, 110, 114, 118, 122

For Sell Entry:

  • Thе trend must be bearish. (аƖƖ red EMA’s above thе green EMA’s аnԁ both down sloping)
  • MACD is less than 0.
  • There must be a symmetrical triangle seen in the chart.
  • Thе market brеаkѕ out tο thе downside οf thе chart sample.
  • Open a small position аt market οn thе close οf thе bearish brеаk out bar.
  • Initial ѕtοр loss set аt 1 pip above thе mοѕt recent swing high.
  • Trade objective: 30-50% ATR *

For Buy Entry:

  • The trend must be bullish. (аƖƖ green EMA’s above thе red EMA’s аnԁ both up sloping)
  • MACD is greater than 0.
  • There must be a symmetrical triangle seen in the chart.
  • Thе market brеаkѕ out tο thе upside οf thе sample.
  • Open a long position аt market οn thе close οf thе bullish brеаk out bar.
  • Initial ѕtοр loss set аt 1 pip below thе mοѕt recent swing low.
  • Trade objective: 30-50% ATR *

*Setting trade objectives based on ATR

You could also place a profit target based on volatility. For example you enter a long/short trade and use a 50% ATR profit target.
The current ATR value is 149 pips in the chart above, thus trade objective would be 149 pips x 50% = 75 pips.


Forex Trading Strategies Installation Instructions

Guppy Forex Scalping Strategy is a combination of Metatrader 4 (MT4) indicator(s) and template.

The essence of this forex strategy is to transform the accumulated history data and trading signals.

Guppy Forex Scalping Strategy provides an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust this strategy accordingly.

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Click Here for Step By Step RoboForex Trading Account Opening Guide

How to install Guppy Forex Scalping Strategy?

  • Download Guppy Forex Scalping Strategy.zip
  • *Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
  • Copy tpl file (Template) to your Metatrader Directory / templates /
  • Start or restart your Metatrader Client
  • Select Chart and Timeframe where you want to test your forex strategy
  • Right click on your trading chart and hover on “Template”
  • Move right to select Guppy Forex Scalping Strategy
  • You will see Guppy Forex Scalping Strategy is available on your Chart

*Note: Not all forex strategies come with mq4/ex4 files. Some templates are already integrated with the MT4 Indicators from the MetaTrader Platform.

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