Turtle Trading Channel Forex Scalping Strategy

September 13, 2016

492

Turtle Trading Channel Forex Scalping Strategy

This is a trend following strategy develop by Dennis Gartman and Bill Eckhart. It relies on breakouts of historic highs and lows to get and exit trades. This is tested to be a profitable system. This works on a 15 minute timeframe
and is applicable to all major pairs.

Forex Indicators:

CCI (14);
Barry Support and resistance;
Turtle Channel.

Long Entry:

Turtle Channel Blue;
CCI is greater than 75.
Open buy position if the candle price close above red dot Barry resistance.

Short Entry:

Turtle Channel Red;
CCI is less than < -75.
Open sell position if the candle price close below blue dot barry support.
Profit Target must be 8-13 pips depends by Currency pairs.

Stop loss:

for buy 3 pips below blue dot barry support.
for sell 3 pips above red dot barry resistance.

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