Momentum Trading Forex Scalping Strategy
This is a system that are based on 2 indicators, namely the momentum scalper and the Ergodic BH indicator. There are 2 options to trade in this method and one of these is trading in the direction of the trend. Rules will be provided below. Use this method in a 5-minute timeframe. This works on major currency pairs with a spread greater than 0.0001 or less than 1 pip. Avoid trading before the news.
- Momentum Scalper indicator ( 5 , period);
- BH Ergodic indicator (1, 2,2,2,2,).
- The black bar of the momentum scalper indicator must appear above the zero line.
- BH Ergodic indicator is greater than 0.
- Buy at the opening of the next bar.
- The black bar of the momentum scalper indicator must appear below the zero line.
- BH Ergodic indicator is less than 0.
- Sell at the opening of the next bar.
- Target profit is 4-5 pips for EU and AU and 5 pips for GU.
- Place stop loss below or above the entry bar.
For Trend Following Rules:
- Add two moving averages smoothed:
- moving average 25 period High;
- moving average 25 period Low.
- Enter a long trade when the price is above the moving average high and use the previous rules stated above.
- Enter a short trade when the price is below the moving average low and use the previous rules stated above.
Forex Strategies Installation Instructions
Momentum Trading Forex 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.
Momentum Trading Forex 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 Momentum Trading Forex Scalping Strategy?
- Download Momentum Trading Forex 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 Momentum Trading Forex Scalping Strategy
- You will see Momentum Trading Forex Scalping Strategy is available on your Chart
Click here below to download: