MACD Reversal Forex Scalping Strategy
This Scalping reversal system is based on the MACD indicator as its main indicators but some indicators are used to provide assistance. Use this in currency pairs such as USD/CHF, GBP/USD, EUR/USD, AUD/USD. This works on a 15 minute timeframe.
Forex Indicator:
- MACD indicator (17,7,5)
- MACD indicator (5 ,13,5)
- MACD indicator (17,14,5)
- MACD indicator (12,18,4)
- Arrow indicator (CCI arrow indicator, 21)
- Bollinger bands indicator (22, 2)
Instruction: Draw in the MACD indicator, two horizontal line.
Buy Entry:
- When the histogram MACD green bars breaks downward the horizontal green line.
- Enter at the first buy arrow.
Sell Entry:
- When the histogram MACD red bars breaks upward the horizontal red line.
- Enter at the first sell arrow.
Exit Position:
- At opposite arrow or at the middle band of the bollinger bands indicator.
Stop loss:
- Place Stop loss on the previous swing.
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