Sekar Forex Scalping Strategy
Sekar is a scalping strategy That work on a 5 minute timeframe and is applicable to EURUSD. It also uses moving averages. Indicators needed are listed below.
- Fractals
- DeMaker (8)
- Envelopes (15); (MA Method LW)
- SMA 15 High; SMA 15 Low:
Long Entry:
- The candle must close below the enveloped.
- Demak must be in oversold condition.
- Fractal must form then go long at the opening of 3° candle after the arrows.
Short Entry:
- The candle must close above envelopes.
- Demak must be in overbought condition.
- Fractal must form then go short at the opening of the 3° candle candle after the arrows.
Profit Target must be 5 pips and set stop loss 1 pip below previous swing.
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