Scalping Chimp Forex Scalping Strategy

0
1039

Scalping Chimp

This is another strategy that helps traders for scalping. This is easy if understood clearly. Use a 5 minute in EURUSD, GBPUSD and AUDUSD pairs. Indicators are listed below:

  • ADXVMA16Bar
  • ADXVM12Bar
  • TLOMI Nonlag v.4
  • Chimp2.1 with ma
  • MA Cross OC

For LONG entry:

  • ADXVMA12Bar and TLOmi non lag must be greater than ADXVMA16 Bar;
  • MA is greater than Chimp2.1;
  • Wait for the blue arrow MA Cross OC.

For SHORT entry:

  • ADXVMA12Bar and TLOmi non lag must be less than ADXVMA16 Bar;
  • Ma is less than Chimp2.1;
  • Wait for the red arrow MA Cross OC.

To exit position, wait for the red arrow to appear if you have a buy position. When the blue arrow appears on a sell position, exit the position.

Take profit at 7 pips for EURUSD, 9 pips for GBPUSD and 5 pips AUDUSD.

Recommended MT4 Broker

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
  • Exclusive 50% Cash Rebates for all Trades!

50 Rebate

>> Sign Up for XM Broker Account here with Exclusive 50% Cash Rebates For All Future Trades [Use This Special Invitation Link]  <<

Already an XM client but missing out on cashback? Open New Real Account and Enter this Partner Code: 𝟕𝐖𝟑𝐉𝐐


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