Hitman Forex Scalping Strategy

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Hitman Forex Scalping Strategy

This is a scalping method where in it uses a five minute timeframe. Exponential Moving Averages are the one holding this system for it uses more on EMAs. It also uses Laquerre for confirmation purposes.
There is a manual attached to this strategy.
This is applicable only for a 5 minute timeframe.

Here are the methods on how to use this system:

For Long Entry:

  • The closing price must stay above the EMA 16.
  • The EMA 16 must be above the EMA 48
  • Laguerre cuts above 0.8 level
  • Place stop loss at around 30 pips form entry point.
  • Take profit half of your position when price has gone above 20 pips
  • Take profit the rest when the EMA 16 cuts below EMA 48 and¬†closing price stays below the EMA 48 on 5 minute chart

For Short Entry:

  • The closing price must be below the EMA 16
  • The EMA 16 cuts or stays below EMA 48.
  • Laguerre cuts below 0.2 level
  • Place your stop loss around 30 pips from the entry point.
  • Take profit half of your position when price has gone below 20 pips
  • Take profit of the rest when the EMA 16 cuts above EMA 48 and closing price stays above the¬†EMA 48 on 5 minute chart.

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