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4 Timeframe Gann Hilo Forex Scalping Strategy
This is a scalping strategy wherein indicators such us the Gann hilo and Bollinger bands are used. this system works on a 5-minute timeframe and useful in any currency pairs. This is also a trend following strategy.
Metatrader indicators:
- Adaptive Gann High-low Activator indicator;
- 4-time frame Gann Hilo indicator;
- Bollinger Bands Indicator (10, 2).
Buy Entry:
- Adaptive Gann High-low Activator shows an aqua arrow.
- The 4-time frame Gann Hilo indicator 3 or 4 bars;.
- The price must bounce into the middle band.
Sell Entry:
- Adaptive Gann High-low Activator red arrow.
- The 4-time frame Gann Hilo indicator 3 or 4 bars;
- The price must bounce into the middle band.
Exit Position:
- Adaptive Gann High-low Activator will change its color.
- Target profit should be at 8-12 pips depends on the currency pair.
- Place stop loss on the previous swing.
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