MFX Gann Forex Scalping Strategy
This scalping system is a volatility-trend following strategy for intraday trading. It can also be used for swing trades. This is useful in a 1 minute or higher timeframe. This system is applicable to major currency pairs and indices.
Metatrader Indicators:
- MFX Gann (indicator of the short trend),
- RCS Fibo,
- MFX tr (indicator of the short trend),
- THV4 Tz pivots,
- Trend combo (indicator of direction),
- Val band (volatility indicator for entry in the markets).
Buy Entry:
- MFX Gann Tr is above MFX Gann.
- Trend Combo shows blue bar.
- Val band bar is above the yellow line.
- Enter at the opening of the next bar.
Sell Entry:
- MFX Gann Tr is below MFX Gann.
- Trend Combo shows red bar
- Val band bar is above the yellow line.
- Enter at the opening of the next bar.
Tips:For the best entries, wait that when the price bounces the MFX tr lines.
Quick take profit is suggested for exit position but depends on the currency pairs or the pivot levels.
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