Bulls Eye Forecast Forex Scalping Strategy

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Bulls Eye Forecast Forex Scalping Strategy

There are various indicators used in this scalping strategy but the main indicator is the bulls eye forecast. This is useful in a 15 minute to 1 hour timeframe. This system is applicable to any major currency pairs.

Metatrader Indicators:

  • Arrow
  • Bulls Eye Forecast
  • Market Strength
  • Pivot

Long Entry:

  • Enter long on a green arrow signal.
  • Check the average over market strength indicator is trending up for last 2 bars.
  • The price is above Bulls Eye Forecast indicator.

Sell Entry:

  • Enter sell on red arrow signal.
  • Check the average (gray Line) over market strength indicator is trending down for last 2 bars.
  • The price is below Bulls Eye Forecast indicator.

Exit Position:

  • At position at opposite arrow or on the pivot levels
  • Stop loss on the previous Swing
  • Take profit at 8 -20 pips depending on the currency pairs and time frame.

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