The King Forex Scalping Strategy

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The King Forex Scalping Strategy

This scalping system is a trend breakout system for intraday. This is based on the king trend detector and king’s cage indicator. This system works on a 15-minute timeframe. The currency pairs that are applicable to this system are GU, GJ, EU, AU, and UCHF.

Metatrader Indicators:

  • Heiken Ashi,
  • 2 MA crossover,
  • King Trend signal,
  • 5 moving average smoothed High,
  • 5 moving average smoothed Low,
  • King’s Cage indicator ( the basic Indicator for this scalping system),
  • QQE Alert,
  • King’s trend detector
  • RCS Fibo indicator.

Long Entry:

  • The price must break upward the breakout filter zone.
  • Trend detector signal must be an uptrend.
  • Arrow buy appears (2MA crossover or King’s trend signal).
  • Heiken Ashi Bar must be green and will close above SMA 5 tunnel.
  • SMA 5 tunnel is trending up.
  • QQE alert value 1 is crossing QQE alert value 3 from below.

Short entry:

  • The price must break downward the breakout filter zone.
  • Trend detector signal must be a down trend.
  • Arrow sell appears (2MA crossover or King’s trend signal).
  • Heiken Ashi Bar must be red and will close below SMA 5 tunnel .
  • SMA 5 tunnel is trending down.
  • QQE alert value 1 is crossing QQE alert value 3 from above.

Exit position:

  • Place initial stop loss at 15-20 pips.
  • Take profit on RCS Fibo Level or place target profit target 12-15 pips (ratio stop loss 1:1).

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