Ichimoku With Pallada Forex Scalping Strategy

September 22, 2016

596

Ichimoku With Pallada Forex Scalping Strategy

This system uses Ichimoku indicator as a filter of ADX advanced and pallada entry. This strategy works on a 15-minute timeframe and can be applied to all major currency pairs.

Metatrader Indicators

Ichimoku indicator,
Advanced ADX indicator,
Pallada Entry indicator,
Pivot Point levels,
Timeline indicator,
TZ Pivot D,
Heiken Ashi Candle.

Long Entry:

Heiken Ashi Candle must close above the cloud Kiju blue line.
Advanced ADX is greater than 20 and 20 is greater than 50 at the close of the candle.
Pallada Entry indicator shows a buy arrow.
Open an buy order 2 pips above the high of the signal candle when it closes.

Short Entry:

Heiken Ashi Candle must close below the cloud Kiju blue line.
Advanced ADX is greater than 20 and 20 is greater than 50 at the close of the candle;
Pallada Entry indicator shows a sell arrow.
Open a sell order 2 pips below the low of the signal candle when it closes.

Exit Position:

Place initial Stop loss at 20-25 pips.
Take profit at the pivot points levels or with profit target predetermined.

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