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).
Forex Trading Strategies Installation Instructions
The King 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.
The King 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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How to install The King Forex Scalping Strategy?
- Download The King 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 The King Forex Scalping Strategy
- You will see The King 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.
Click here below to download:
