Maksigen Forex Scalping Strategy

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Maksigen Forex Scalping Strategy

This is a scalping system that is based on maksigen channel indicator accompanied by various indicators to support it. This works on a 15-minute timeframe and is applicable to major currency pairs. This system is trading on breakouts.

Metatrader indicators:

  • Trigger lines indicator
  • Daily Smart alerts
  • Bollinger bands (20:2)
  • Maksigen channel (in this scalping system draw two lines from 8:00 to, 22:00 GMT)
  • SMA-Crossover signal (fast ma 2 period- slow ma 5-period) optional
  • Williams Percent Range indicator
  • Bollinger Band Stops Bars
  • Double CCI14 (optional)

Long Entry:

  • The price must break the upper line of maksigen. place a pending order 3 pips above upper line.
  • Trigger line indicator must be blue.
  • Williams s Percent Range indicator is greater than 85.
  • Bollinger Band Stops Bars have blue bars.
  • CCI line red is greater than CCI line blue. This is optional.
  • Re-enter if you do no exit position at end of the day and when trigger line turns blue.

Short Entry:

  • The price must break the lower line of the maksigen. Place a pending order 3 pips below the lower line.
  • The trigger line indicator must be red.
  • Williams Percent Range indicator is less than 15.
  • Bollinger Band Stops Bars have red bars.
  • CCI line red is less than CCI line blue. This is optional.
  • Re-enter if you do no exit position at the end of the day and when trigger line turns red.

Exit position:

  • End of the day (24:00 GMT),
  • Trigger line changed its color.
  • Target profit is 12-20 pips but depends on the currency pairs.

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