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Extreme Heiken Ashi Forex Scalping Strategy
This is a scalping system that allows you to have a high frequency trades by following the trend and take profit quickly. This allows you to use a 15-minute timeframe and works in USD pairs such as EURUSD, GBPUSD, and AUDUSD. This system will allow you to buy only in a buy zone fibs are and sell on the sell zone fibs area.
Forex Indicators:
- Heiken Ashi
- Buy Zone fibs (100, 2)
- Sell Zone fibs (100.2)
- Infobox Indicator
- MA Crossover (fast WMA 5, slow SMA 8)
Buy Entry:
- Ma Crossover arrow is blue.
- Heiken Ashi is white.
- 3 or 4 green squares of the Forex Guide indicator.
Sell Entry:
- Ma Crossover arrow is blue.
- Heiken Ashi is white.
- 3 or 4 red squares of the Forex Guide indicator.
Exit position:
- Quick take profit or at the opposite arrow.
- Target profit in EURUSD is 9 pips, AUDUSD is 8 pips and GBPUSD is 11 pips.
- Set initial stop loss at the previous swing.
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