Doda Forex Scalping Strategy

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Doda Forex Scalping Strategy

This is a scalping system inspired by Daniel Malaby. this system uses a doda stochastic indicator is a stochastic indicator with less noise. This is useful in a 1-minute timeframe . This system can be used in forex, futures, CFD, commodities and stocks.

Forex indicator:

  • 2 Doda Stochastic indicators: (slow 15, 30, 9; level 90-10) and (fast 8, 13, 9; level 90-70-40-5)

Long Entry:

  • Doda stochastic must be 95 or above.
  • Doda Stochastic must cross upward level 40.
  • Doda must reach 85 or above to know that it is a strong uptrend.
  • Doda must cross upward level 40. This is to get a good risk and reward area.
  • Exit at 20-30 pips or it depends on the currency pairs. Quick take profit would be 15 pips.
  • Place stop loss at 25 pips.

Short Entry:

  • Doda must be 10 or less. This indicates a strong downtrend.
  • Doda must cross downward level 70 then enter a position.
  • The stop loss should be 25 pips.
  • Target profit would be 20-30 pips or it depends on the currency pairs.
  • For quick take profit, go for 15 pips.

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