Master Probability Trading system
This scalping strategy uses a 5 minute chart and usable in all currency pair.
Forex Indicators:
- Master Probability
- MTF Gann HILO Setting for 5min: (5 period, 60 min TF).
For Long Entry:
- Master Probability must be at least greater than 20.
- Price is above MTF Gann Hilo indicator.
- A Small Square on the chart shows a sharp turning point, it indicates that the previous trend is exhausted and prices might go in the other direction. Wait for the new square to appear after you deployed the indicator. The price is expected to move up if the green square appears.
- Place stop loss 10-20 Pips below the recent dip or trend box low and Set Stop loss below or 5 pips below MTF Gann HILO
TAKE PROFIT RULES:
Ratio 1.5 – 2 Stop Loss. If stop loss is 12 pips Target Profit must be 18 0r 24 pips.
Exit also when Master Probability is equal to or less than 0.
For short entry:
The rules for short is opposite to the buy rules,
- Master probability must be less than -20.
- Price must be below MTF Gann Hilo indicator.
- Short entry rules are the opposite of long entry rules.
- The price is expected to move down if red square appear.
Set stop loss 10-20 Pips below the recent dip or trend box High and Set Stop loss above, or 5 pips above MTF Gann HILO.
TAKE PROFIT
Ratio 1.5 – 2 Stop Loss. (if stop loss is 12 pips Target Profit is 18 0r 24 pips)
Exit also when Master Probability is equal to or less than 0.
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