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Forex Traffic Scalping Strategy
This system is a trend following system with many filters for range market. One useful indicator that could filter traffic is the traffic light indicator. This system works on a 15-minute or higher. This system is applicable to major currency pairs.
Metatrader indicators;
- Traffic lights indicator;
- FDM Buy Sell Pressure;
- FXDD filter indicator;
- RCS Fibo
- ASCtrend risk 4 is optional
Long Entry:
- ASCTrend shows a buy arrow.
- Traffic light 3 bars is color aqua.
- FDM Buy Sell pressure is aqua.
- FXDD filter at least 3 bars color aqua.
Short Entry:
- ASCTrend shows a sell arrow.
- Traffic light 3 bars is color brown.
- FDM Buy Sell pressure is brown.
- FXDD filter at least 3 bars is color brown.
Simple Option use only:
FDM Buy Sell Pressure and FXDD filter indicator with the same conditions.
Exit position in 15 min time frame options:
- Take profit at 10-15 pips.
- At the RCSFibo levels.
- Ratio Stop loss 1:1
- Place stop loss on the previous swing.
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