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Divergence Forex Scalping Strategy
This is a scalping system that is based on divergence and is using the combination of 2 divergence indicators. This system works in all time frames. This is applicable to any currency pairs and can use during the London and New York session.
Metatrader indicators:
- FXCX Divergence indicator (5,13,21,),
- MACD Divergence indicator (12, 26 9),
- Doda Stochastic indicator: 5, 13, 5 setting for 5 min and 15 min time frame; 5, 8, 5 is the setting in other timeframes.
Long Entry:
- Buy arrow must appear on FXCX Divergence indicator.
- MACD Divergence indicator is greater than 0.
- Doda stochastic indicator must go upward from the oversold area less than 70.
Short Entry:
- Sell arrow must appear on FXCX Divergence indicator.
- MACD Divergence indicator is less than 0.
- Doda Stochastic indicator must go downward from the overbought area less than 30.
Exit Position:
- Quick take profit at 6-12 pips.
- Place stop loss at 8 pips above or below the entry bar.
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