Hitman Forex Scalping Strategy

This is a scalping method where in it uses a five minute timeframe. Exponential Moving Averages are the one holding this system for it uses more on EMAs. It also uses Laquerre for confirmation purposes.
There is a manual attached to this strategy.
This is applicable only for a 5 minute timeframe.

Here are the methods on how to use this system:

For Long Entry:

• The closing price must stay above the EMA 16.
• The EMA 16 must be above the EMA 48
• Laguerre cuts above 0.8 level
• Place stop loss at around 30 pips form entry point.
• Take profit half of your position when price has gone above 20 pips
• Take profit the rest when the EMA 16 cuts below EMA 48 and closing price stays below the EMA 48 on 5 minute chart

For Short Entry:

• The closing price must be below the EMA 16
• The EMA 16 cuts or stays below EMA 48.
• Laguerre cuts below 0.2 level
• Place your stop loss around 30 pips from the entry point.
• Take profit half of your position when price has gone below 20 pips
• Take profit of the rest when the EMA 16 cuts above EMA 48 and closing price stays above the EMA 48 on 5 minute chart.

Recommended MT4 Broker

XM Broker

• Free $50 To Start Trading Instantly! (Withdraw-able Profit)
• Deposit Bonus up to $5,000
• Unlimited Loyalty Program
• Award Winning Forex Broker
• Additional Exclusive Bonuses Throughout The Year
• Exclusive 90% VIP Cash Rebates for all Trades!

>> Sign Up for XM Broker Account here with Exclusive 90% VIP Cash Rebates For All Future Trades [Use This Special Invitation Link]  <<

Already an XM client but missing out on cashback? Open New Real Account and Enter this Partner Code: VIP90

Click here below to download:

Save

Save