Megatrend Forex Scalping Strategy

This is a scalping strategy that trade within the trend. It uses hull moving average to identify the trend. This is useful in a 5 minute timeframe. this works on any major currency pairs.

Metatrader Indicators:

• FIP_LINE default ;
• ZIG ZAG POINTER default;
• MEGATREND (hull moving average) PERIOD = 50 ;
• Pivot.

Buy Entry:

• FIP_LINE must show a trend up.
• MEGATREND must change color from red to blue and going up.
• Buy only when the bar open above the pivot levels.

Sell Entry:

• FIP_LINE show trend down.
• MEGATREND must change color from blue to red and going down.
• Sell only when the bar open below pivot levels.

Exit Position:

• Repainting zigzag pointer does not go to next candle support or resistance.
• levels pivots has been reached.
• Profit Target Predetermined: EURUSD 8 pips, GBPUSD 9-10 pips, AUDUSD 6-7 pips.

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