Stocycle Forex Scalping Strategy
This is a trend following scalping strategy that combines 2 indicators. The other one determines the trend and the other one determines the cycle. This system works on a 15-minute or higher timeframe and is applicable to any currency pairs.
Metatrader indicators:
- Trend indicator: I-High Low Middle indicator.
- Cycle indicator: Stocycle indicator.
Buy Entry:
- Stocycle indicator disc is dodger blue.
- The price is above green line of I-High Low Middle indicator.
Sell Entry:
- Stocycle indicator disc is pink.
- The price is below the green line of I-High Low Middle indicator.
Exit position:
- Target profit is determined per timeframe or at 1:1 ratio.
- Place stop loss at 3 pips above or below entry bar.
These are the examples of the take profit:
- Time Frame 15 min: EURUSD 8 pips, GBPUSD 10 pips AUDUSD 7 pips, USDCHF 7 pips;
- Time Frame 30 min: EURUSD 11 pips, GBPUSD 14 pips AUDUSD 10 pips, USDCHF 10 pips;
- Time Frame 60 min: EURUSD 14 pips, GBPUSD 16 pips AUDUSD 12 pips, USDCHF 12 pips;
- Time Frame 240 min: EURUSD 16 pips, GBPUSD 18 pips AUDUSD 14 pips, USDCHF 14 pips;
- Time Frame Daily : EURUSD 35 pips, GBPUSD 40 pips AUDUSD 35 pips, USDCHF 35 pips.
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