I-Gentor LSMA Forex Scalping Strategy

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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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