SSL Bar Forex Scalping Strategy
This system is an intraday system that works on a 15-minute chart. The currency pairs that are applicable to this kind of system are EU, GU, UCHF, AU, GJ, EJ, NU and AJ. Use this strategy between 6:00 GMT and 21:00 GMT.
Metatrader indicators:
- IN10Tion newsreader lite V 9.99(the last version, require CPU) it will remind you economic news releases, session open and close times;
- SSl Bar (set 240 min) – identifies trend.
- SFX MCL ( 13, 6, 2) -this strategy determines an entry. The red line shows daily open value.
- Fibo pivots daily indicator.
Buy Entry:
- Go long when SFX MCL crosses upward and SSL bar are green.
Sell Entry:
- Go short when SFX MCL crosses downward and SSL bar is red.
Exit Position:
- Take profit at 30 pips or at the pivot levels.
- Place initial stop loss at 30 pips.
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