Price Action With I-target Forex Scalping Strategy

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Price Action With I-target Forex Scalping Strategy

This is a scalping strategy based on price action that uses an I target indicators. Some indicators are used for confirmation purposes. This is useful in a 1 minute or 5 minute timeframe and is applicable to all major pairs.

Metatrader Indicators:

  • Gamma* (time frame 1 min)
  • Gamma (time frame 5 min)
  • Beta oscillator /time frame (1 min)
  • i-targets.

Setup for 1 minute:

Buy Entry:

  • Red Dot Gamma indicator TF 1min, TF5min, and Beta red bar.

Sell Entry:

  • Green Dot Gamma indicator TF 1min, TF5min, and Beta red bar.

Setup for 5 minute:

Buy Entry:

  • Red Dot Gamma indicator TF 5min, TF15min, and Beta (TF5min) red bar.

Sell Entry:

  • Green Dot Gamma indicator TF 5min, TF5min, and Beta (TF 5min) red bar.

Exit Position:

  • Pink lines = Targets for buy trades but fast target also grey line.
  • Green lines = Targets for sell trades but fast target also grey line.

For 5 minute, target profit are predetermined (8-14) pips.

Stop loss should always be on the previous line or bar.

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