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Schaff Scalping Trading System
This is another scalping strategy that can help traders in their trading routine. It uses all major currency pairs in a 5 minute or 15 minute timeframe.
Forex Indicators:
- Schaff Trend,
- Schaff MACD,
- HMA rnp.
Rules for LONG entry:
- Schaff Trend Cycle has been rising;
- Schaff Trend is greater or equal to 10;
- MACD is greater than >0;
- HMA is Green.
Rules for SHORT entry:
- Schaff Trend Cycle has been declining;
- Schaff Trend must be less than or equal to;
- Shaff MACD is less than 0;
- HMA is red.
Exit position when MACD line separates itself from the Histogram. Sometimes, when the Schaff has reached to level 75, you need to exit the position if you are in a long trade.
Exit also when profit target hits in 5 minutes and 15 minute chart.
8-14 pips for EURUSD, 6-12 pips for AUDUSD and 10-15 pips for GBPUSD.
You can exit also on the pivots levels and place stop loss on the previous swing.
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