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Price Action With I-target Forex Scalping Strategy
This is a scalping strategy based on price action that uses an I target indicators. Some indicators are used for confirmation purposes. This is useful in a 1 minute or 5 minute timeframe and is applicable to all major pairs.
Metatrader Indicators:
- Gamma* (time frame 1 min)
- Gamma (time frame 5 min)
- Beta oscillator /time frame (1 min)
- i-targets.
Setup for 1 minute:
Buy Entry:
- Red Dot Gamma indicator TF 1min, TF5min, and Beta red bar.
Sell Entry:
- Green Dot Gamma indicator TF 1min, TF5min, and Beta red bar.
Setup for 5 minute:
Buy Entry:
- Red Dot Gamma indicator TF 5min, TF15min, and Beta (TF5min) red bar.
Sell Entry:
- Green Dot Gamma indicator TF 5min, TF5min, and Beta (TF 5min) red bar.
Exit Position:
- Pink lines = Targets for buy trades but fast target also grey line.
- Green lines = Targets for sell trades but fast target also grey line.
For 5 minute, target profit are predetermined (8-14) pips.
Stop loss should always be on the previous line or bar.
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