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Prediction Forex Scalping Strategy
This is a scalping strategy that uses Forex Prediction indicator for confirmation of entry position in the market. This indicator is a probability meter. This system works on a 5 and 15-minute timeframe. This is applicable to any currency pairs. Trade only in the direction of the trend.
Metatrader Indicators:
- Exponential moving average ( 10, open);
- Exponential moving average (30, open);
- Exponential moving average (50, open);
- BrianTrend 2sig;
- Forex prediction.
Buy Entry:
- Brian Trend arrow to buy;
- 10 EMA is greater than 30 EMA and 50 EMA.
- Forex Prediction confirms an uptrend through the moving averages.
Sell Entry:
- Brian Trend arrow to sell;
- 10 EMA is less than 30 EMA and 50 EMA;
- Forex Prediction confirms a downtrend through the moving averages.
Exit position:
- On the pivot daily levels or with profit target predetermined.
- Place initial stop loss at 15-25 pips.
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