Forex Trend Direction Scalping Strategy
This is a scalping intraday trading system that is useful in a 15 minute timeframe. It works on any currency pairs. There are indicators used in this strategy to identify the trend.
Metatrader Indicators:
- EMA 11 period,
- LWMA 21 period;
- Indicator 02;
- RSI Filter (14 period);
- RBCI Filter;
- Solar Wind (10 period);
- Solar Wind (21 period);
- Probability Meter.
Long Entry:
- EMA 11 must cross up LWMA 21 and at least 3 bar indicators are green.
Short Entry:
- EMA 11 must cross down LWMA 21 and at least 3 bar indicators are red.
Note: For a conservative trading method all 4 bar indicators are of the same color.
Exit Position:
- There must be a reversal position of 2 indicators.
- Place Stop loss at the previous swing.
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