Forex Wave Scalping Strategy
This is a scalping strategy that uses a 1 minute to 30 minutes timeframe. This is applicable to all currency pairs also. In this strategy, we will be observing more on the waves and MACD as the confirmation indicator.
- 34EMA High (green)
- 34EMA Low (Red)
- 34EMA close (white)
- Stochastic (8,3,3,)
- RealMACD (5, 15,5)
- The price must retrace into the wave from above the wave.
- The candle must close above the wave
- Stochastic is greater than 50.
- MACD is greater than 0.
- The price must retrace into the wave from below the wave.
- The candle must close below the wave.
- Stochastic is less than 50.
- MACD is less than 0.
- For 30 Minutes timeframe:
- SELL: Place 2 pips above 34 EMA close.
- BUY: Place 2 pip below 34 EMA close.
Take profit at he pivot level or take it at 35 pips.
Forex Strategies Installation Instructions
Forex Wave Scalping Strategy is a combination of Metatrader 4 (MT4) indicator(s) and template.
The essence of this forex strategy is to transform the accumulated history data and trading signals.
Forex Wave Scalping Strategy provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust this strategy accordingly.
Forex Metatrader 4 Trading Platform:
- Free $30 To Start Trading Instantly
- No Deposit Required
- Automatically Credited To Your Account
- No Hidden Terms
How to install Forex Wave Scalping Strategy?
- Download Forex Wave Scalping Strategy.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Right click on your trading chart and hover on “Template”
- Move right to select Forex Wave Scalping Strategy
- You will see Forex Wave Scalping Strategy is available on your Chart
Click here below to download: