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Retracement Finder Forex Scalping Strategy
This is a scalping strategy that is useful in a 15-minute or higher timeframes and works in any currency pairs. This system identifies a retracement. EMA indicators are also used in this system to determine the trend. Take note that the trend is up when the price is above the EMA channel. The trend is down when the price is above below the EMA channel. Trade only in with the direction of the trend.
Metatrader Indicators:
- 200 Ema (exponential moving average High)
- 200 Ema (exponential moving average Low)
- Retracement Finder
- DSS Bressert indicator (8-5) modified
Buy Entry:
- Price is above EMA 200 channel.
- Retracement Finder switches up.
- DSS Bressert indicator blue dot.
Sell Entry:
- Price must be below the EMA 200 channel.
- Retracement Finder switch down;
- DSS Bressert indicator red dot.
Exit Position:
- On the pivot points levels (only with 15 min time frame)
- Target profit depends on the timeframe.
- When there are changes of the dot of the DSS bressert indicator.
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