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GP Trend Forex Scalping Strategy
This is a scalping strategy that is based on the esignal macd indicator, GP Trend indicator and delta trend indicator. You can use this system during London and New York sessions. The currency pairs that is to be used in this strategy
are EU, GU, GJ, AU and AJ. This works on a 15 minute timeframe. Take note that this strategy is not for beginners.
Metatrader Indicators:
- Exponential Moving average (EMA) 4,
- Exponential Moving average (EMA) 16,
- Exponential Moving average (EMA) 60,
- MMPrice,
- GPClock,
- ipanel trends indicator,
- Bands,
- Pivot Auto,
- Delta Trend,
- Esignal MACD (5, 13, 1),
- Esignal MACD (8, 21, 8),
- GP Trend indicator.
Rules:
Trade with the trend. You will know if it’s an uptrend if EMA 4 is greater than EMA 16 and EMA 16 is greater than EMA 60. It is downtrend if EMA 4 is less than EMA 16 and EMA 16 is less than 60.
Buy Entry:
- Trend is up delta trend arrow confirmed by esignal MACD Green (5,13,1) is less than esignal MACDGreen (8,21,8).
- GP Trend is blue.
Sell Entry:
- Trend is down delta trend arrow confirmed by esignal MACD Green (5,13,1) is less than esignal MACD Green (8,21,8).
- GP Trend is blue.
Exit when at the Pivot daily support/resistance line or wit profit Target predetermined ( 8-18) pips depend by currency pair.
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