Trend Friend Forex Scalping Strategy
This is a scalping strategy that is useful on a 15-minute, 30-minute and 1-hour timeframe. This is applicable in all major currency pairs. This system is effective during Berlin session using a 15 and 30-minute timeframe and all sessions if it is used in a 1-hour timeframe.
Metatrader Indicators:
- Trend Filter,
- SDX TZ Pivots,
- FXI Trix ( 9, 8),
- STO JMA (with moving average 11 ),
- Trend Friend Follow (MACD EMA 1, EMA 2).
Long Entry:
- The FXI trix must appear and a buy arrow shows up to confirm.
- STO JMA must cross upward.
- Trend Filter with green circle on the same time frame or higher,
- Trend Friend three arrows green on the same time frame and 2 or 3 arrows green on the next time frame.
Short Entry:
- The FXI trix appears and a sell arrow shows up to confirm.
- STO JMA must cross downward.
- Trend Filter with red circle on the same time frame or higher,
- Trend Friend three arrows red on the same time frame and 2 or 3 arrows red on the next time frame.
Exit Position:
- Time Frame 15-30 min at the levels of the SDX pivot points.
- Target profit of a 1-hour timeframe is at 12-18 pips.
- Place an initial stop loss on the previous swing or at 20 pips.
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