Simple Secret Forex Scalping Strategy

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Simple Secret Forex Scalping Strategy

This is a trend following scalping trading system. It also works by analyzing wave direction. This strategy works on a 5 minute timeframe and is applicable to major currency pairs.

Forex Indicators

  • Time zone trading;
  • Pivot lines;
  • 1 – T3 Dragon 1 (0, 1, 0, 2) ( Green bar = Up trend, Buy Signal. Red Bar = Down trend, Sell Signal.
  • Setting t3 Dragon1 (0, 1, 0, 2)
  • Volatility Meter

Trend Filter (RSI 56) (25; 75),

Signals generated by this indicator are:

  • Up Trend = Green Bars = Buy Signal
  • Down Trend = Red Bars = Sell Signal

Arrow

Signals generated by this indicator are:

  • red arrow = sell signal,
    Green arrow = buy signal

When Volatility is greater than 0.00025, a signal then is valid to buy or sell.

Buy Signal:

  • T3 Dragon 1 must show green Green Candles.
  • Trend Filter RSI Signal has green bar.
  • Volatility meter is greater than 0.0025 Line.

Sell Signal:

  • T3 Dragon 1 must show red Candles.
  • Trend Filter RSI Signal has red bar.
  • Volatility meter is greater than 0.0025 Line.

Stop Loss:

  • Fractals or arrows is used to determine stop loss.
  • SL should be 5 pips above the previous swing for short position and 5 or 10 pips below the entry arrow for long position.

Targets Profit:

  • Use a specific fixed number (levels pivot) or an profit target predetermined 9 or 15 pips.
  • Close each trade manually when you see an opposite Arrow.

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