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I-Gentor LSMA Forex Scalping Strategy
This is a scalping system that follows the trend when it comes to trading decisions. This is useful on a 15-minute chart. The currency pairs that is applicable to this kind of system are EURUSD, GBPUSD, AUDUSD, and USDCHF.
Forex Indicators:
- Open Daily Line
- I-Gentor LSMA &EMA
- Arrow Buy and Sell
- 4 RCS Fibo
Short Entry:
- The price must be below Daily Open Line indicator.
- There must be a red arrow.
- I-Gentor LSMA & EMA Red and Yellow lines.
Long Entry:
- The price must be above Daily Open Line indicator,
- There must be a green arrow.
- I-Gentor LSMA & EMA Blue and green lines.
Stop loss:
Place it at the latest price bottom or high point. You can find it usually a few candles back like 3 or 4 candles.
- Buy: Check the last few candles and place a stop below it.
- Sell: Check the last few candles and place a stop above it.
Take Profit: at 20-30 pips profit.
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