Channel With Forecaster Forex Scalping Strategy

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Channel With Forecaster Forex Scalping Strategy

This is a scalping strategy that uses FX forescaster indicator. Indicators used in this system are not so complicated. This is for 5 minute and 15 minute timeframe and it works to all major currency pairs.

Metatrader indicators:

  • xps session;
  • Scalper channel;
  • FXForexaster.

Buy Entry:

  • Scalper Channel Buy and FXForecaster indicator is in pink bar.

Sell Entry:

  • Scalper Channel Sell and FXForecaster indicator is in pink bar.

Exit Position:

  • Quick take profit depends on the currency pairs with the minimum 7 pips to 10 pips maximum.
  • Stop loss should be 15-20 pips.

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