Maksigen Forex Scalping Strategy

September 21, 2016

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Maksigen Forex Scalping Strategy

This is a scalping system that is based on maksigen channel indicator accompanied by various indicators to support it. This works on a 15-minute timeframe and is applicable to major currency pairs. This system is trading on breakouts.

Metatrader indicators:

Trigger lines indicator
Daily Smart alerts
Bollinger bands (20:2)
Maksigen channel (in this scalping system draw two lines from 8:00 to, 22:00 GMT)
SMA-Crossover signal (fast ma 2 period- slow ma 5-period) optional
Williams Percent Range indicator
Bollinger Band Stops Bars
Double CCI14 (optional)

Long Entry:

The price must break the upper line of maksigen. place a pending order 3 pips above upper line.
Trigger line indicator must be blue.
Williams s Percent Range indicator is greater than 85.
Bollinger Band Stops Bars have blue bars.
CCI line red is greater than CCI line blue. This is optional.
Re-enter if you do no exit position at end of the day and when trigger line turns blue.

Short Entry:

The price must break the lower line of the maksigen. Place a pending order 3 pips below the lower line.
The trigger line indicator must be red.
Williams Percent Range indicator is less than 15.
Bollinger Band Stops Bars have red bars.
CCI line red is less than CCI line blue. This is optional.
Re-enter if you do no exit position at the end of the day and when trigger line turns red.

Exit position:

End of the day (24:00 GMT),
Trigger line changed its color.
Target profit is 12-20 pips but depends on the currency pairs.

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