Scalper Channel with Filter Trend
This strategy uses 5 minute chart in an AUDUSD, GBPUSD and EURUSD pairs.
Here are the list of indicators needed:
- Channel Scalper
Filter Trend (Set filter Trend 15 min time frame)
Bollinger Bands (25, 2).
For LONG entry:
- Channel Scalper has a buy confirmation by filter Trend Green.
- Do not enter long position if the bar entry closes outside the upper band but wait retracement inside bar for buy.
For SHORT entry:
- Channel Scalper has a sell confirmation by filter Trend Red.
- Do not Enter long position if the bar entry close outside the lower band but wait retracement inside bar for sell.
Exit position when Channel Scalper change its position.
Place Stop Loss 10- 12 pips and take profit at 6 pips for AUDUSD, 8 pips for EURUSD and 10 pips GBPUSD.
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