Last updated:
Ichimoku With Pallada Forex Scalping Strategy
This system uses Ichimoku indicator as a filter of ADX advanced and pallada entry. This strategy works on a 15-minute timeframe and can be applied to all major currency pairs.
Metatrader Indicators
- Ichimoku indicator,
- Advanced ADX indicator,
- Pallada Entry indicator,
- Pivot Point levels,
- Timeline indicator,
- TZ Pivot D,
- Heiken Ashi Candle.
Long Entry:
- Heiken Ashi Candle must close above the cloud Kiju blue line.
- Advanced ADX is greater than 20 and 20 is greater than 50 at the close of the candle.
- Pallada Entry indicator shows a buy arrow.
- Open an buy order 2 pips above the high of the signal candle when it closes.
Short Entry:
- Heiken Ashi Candle must close below the cloud Kiju blue line.
- Advanced ADX is greater than 20 and 20 is greater than 50 at the close of the candle;
- Pallada Entry indicator shows a sell arrow.
- Open a sell order 2 pips below the low of the signal candle when it closes.
Exit Position:
- Place initial Stop loss at 20-25 pips.
- Take profit at the pivot points levels or with profit target predetermined.
Level up your trading
Learn to read the chart — not just the indicator
eBook · Instant PDF
The Candlestick Playbook
Read and trade 40+ candlestick patterns — with exact entries, stops and exits.
Video Course · 12 modules
The Price Action Masterclass
Read clean charts the no-indicator way — pin bars, support & resistance, entries and exits.
Recommended MT4/MT5 Brokers
XM
- ✓ *FREE *$50 to start (withdrawable)
- ✓ Deposit bonus up to $5,000
- ✓ Negative balance protection
Trading forex and CFDs carries a significant risk of loss and is not suitable for everyone. Broker links are affiliate links — we may earn a commission at no cost to you.
Forex Strategy Download:
Enter Your Email Address below, download link will be sent to you.
Get Download Link