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Forex GANN Hilo Scalping Strategy
This is a scalping system that is effective during London and New York sessions. This system is useful in a 5-minute or higher timeframe. it works in any currency pairs. This strategy is also a trend following strategy, so it would be best if you trade in the direction of the trend.
Metatrader indicators:
- Gann Hilo profit indicator;
Long Entry:
- Identify the trend using the gann hilo indicator. The trend must be upward.
- Enter trade when buy arrow appears.
Short Entry:
- Identify the trend using the gann hilo indicator. The trend must be downward.
- Enter trade when sell arrow appears.
Initial stop loss is at 15 pips.
Place stop loss 2 pips above pink dots for sell and 2 pips below aqua dots for buy.
Exit when opposite arrow appear.
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