MTF Supertrend Forex Scalping Strategy

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MTF Supertrend Forex Scalping Strategy

This is a scalping system that follows the trend. One of the indicators used in this system that identifies the trend is the EMA or Exponential Moving Average. This is useful in a 15-minute timeframe. The applicable currency pairs to this system are EU, GU, AU, NU, UCAD, UJ and GJ.

Metatrader indicators:

  • Supertrend clear (is required for MTF Supertrend);
  • MTF Supertrend (TF 60, CCI 60, ATR -1);
  • UP Down Indicator (HL 4 this is price action indicator and repaint);
  • Exponential moving average 5-period (median price).
  • Conservative Trade:

Buy Entry:

  • SuperTrend MTF in sub-window line is color green.
  • SuperTrend clear on the chart line is color green.
  • Up down indicator dot is color green.
  • Enter position when the price retraces on 5 EMA.

Sell Entry:

  • SuperTrend MTF in sub-window line is purple.
  • SuperTrend clear on the chart line is red.
  • Up down indicator dot is color red.
  • Enter long entry when the price retraces on EMA 5.

Aggressive Trade:

  • The same conditions but use Supertrend on the chart, UP down and 5 Ema.

Exit position:

  • Place an initial stop loss on the previous high/low swing.
  • Target profit is at 20-30 pips.
  • Take profit on the pivot points level.

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