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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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