Janus Forex Scalping Strategy
This strategy is based on the strength currency pairs and the trend intraday. This works on a 15-minute timeframe. Use currency pairs that have a maximum 3 pips of spread.
Metatrader Indicators:
- XPS V. 8 Trend bars;
- Indicator 1 ( Trend arrow);
- ATR Projection;
- Financial banks;
- Support Resistance Level;
- Currency Heat Map;
- XPS V. 8 Oscillator.
General Rules:
First step:
- Search the best currency pairs on which to trade using a Currency Heat Map.
- Strong currency / Currency Weak.
- Currency Strong Currency Heat Map have more green rectangles on both H1 and H4.
- Weak currency Currency Heat Map have more red rectangles on both H1 and H4.
Second Step:
- Trade in the direction of the trend intraday.
Long Entry:
- Arrow is Dodger Blue.
- XPS V8 trend bar is Dodger blue;
- XPS V 8 Oscillator bar is Dodger blue;
- Do not trade in Blue Zone.
Short Entry:
- Arrow is Dodger Blue;
- XPS V8 trend bar is Dodger blue;
- XPS V 8 Oscillator bar is Dodger blue;
- Do not trade in Red Zone.
Exit Position:
- Place initial stop loss on the previous swing.
- Take profit at the opposite arrow or at the level of support/resistance.
- Target profit is predetermined (example ratio 1:1 stop loss).
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