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MT4 Forex Spectrum Scalping Strategy
This is a scalping system that follows the trend. This is based on the retracement on the HP-M15 indicator. This can work on a 15-minute or 30-minute timeframe. The currency pairs that are applicable to this system are EU, UCHF, GU, AU, GJ, and AJ.
Metatrader Indicators:
- HP-M15 indicator (12);
- HP-M15 indicator (16);
- Entry Exit indicator;
- Auto plotter pivots.
Long Entry:
- The buy arrow must appear to enter a position.
- The price must retrace on the MP-m15 lines.
Short Entry:
- The sell arrow must appear.
- The price must retrace on the MP-m15 lines.
Exit position options:
- At the opposite arrow.
- At the pivot point level.
- Place initial stop loss at the previous swing.
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