This forex scalping procedure seriously is not for learners.
In this currency trading scalping manner Stochastic indicator is a tremendous filter.
Time Frame 5 min or higher;
Currency pairs important: (EUR/USD, GBP/USD, USD/CHF, USD/CAD, AUD/USD,).
RSI Indicator (5-period) with two shifting averages eleven and 34 intervals;
Stocastic Indicator (14,3,3)-low-High;
Style Reversal indicator;
Rules:, RSI and SFX MCL filtered by Trend Revesal Scalping Manner
SFX MCL indicator line green >line blue
Wait crossing upward the RSI indicator, Transferring Usual of 17 and 34;
Vogue Reversal indicator bars acqua;
Stochastic indicator crosses upward however seriously is not in oversold Zone.
No longer to Buy:
if the Stochastic indicator is in oversold Zone;(Stochastic as filter)
if the RSI indicator is >eighty;
SFX MCL indicator line inexperienced <line blue
Wait crossing downward the RSI indicator, Moving Universal of 17 and 34;
Fashion Reversal indicator bars red;
Stochastic indicator crosses downward however seriously is not in overbougt Zone.
Not to Sell:
if the Stochastic indicator is in overbougt Zone;(Stochastic as filter)
if the RSI indicator is <20;
Exit position concepts
When SFX MCL Revesal situation;
Profit Goal 5-eight pips (example AUD/USD 6 pips, EUR/USD 7 pips, GBP/USD eight pips);
exit at the pivot aspects ranges;
Stop loss 10 pips lower than or above the entry bar.
This Scalping System can also be excellent for binary techniques buying and selling, see greater.
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