Megatrend Forex Scalping Strategy


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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