Megatrend Forex Scalping Strategy

0
669

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.

Recommended MT4 Brokers

XM Broker

  • Free $50 To Start Trading Instantly! (Withdraw-able Profit)
  • Deposit Bonus up to $5,000
  • Unlimited Loyalty Program
  • Award Winning Forex Broker
  • Additional Exclusive Bonuses Throughout The Year

XM broker

>> Sign Up for XM Broker Account here <<

FBS Broker

  • Trade 100 Bonus: Free $100 to kickstart your trading journey!
  • 100% Deposit Bonus: Double your deposit up to $10,000 and trade with enhanced capital.
  • Leverage up to 1:3000: Maximizing potential profits with one of the highest leverage options available.
  • ‘Best Customer Service Broker Asia’ Award: Recognized excellence in customer support and service.
  • Seasonal Promotions: Enjoy a variety of exclusive bonuses and promotional offers all year round.

fbs broker

>> Sign Up for FBS Broker Account here <<

Click here below to download:

Save

Save



Get Download Access

Get Smarter About Forex Trading Using Indicators

Join 100,000+ subscribers and get our 5 min daily newsletter on what matters in forex.

We do not sell or share your information with anyone.

LEAVE A REPLY

Please enter your comment!
Please enter your name here