Simple Stochastic Forex Scalping Strategy

This is a scalping strategy that uses a stochastic and BSVG-var indicators. Setup will be listed below. This scalping system is works in all timeframe but it is recommended in a 15 minute timeframe. This works in any currency pairs.

Metatrader Indicator:

• Stochastic (5,3,5); overbought 80, oversold 20.
• BSVG-var (25, 14, 14, 21); overbought 55, oversold -55.

Buy Entry:

• BSVG-var must cross the -55 line from above to know that the market is bearish.
• Stochastic must cross upward.

Sell Entry:

• BSVG-var must cross the 55 line from below to know that the market is bullish.
• Stochastic must cross downward.

Stop loss:

• Place it on the recent swing high or low.
• Buy: You can out 5 pips below the lowest low of the last 4 bars.
• Sell: 5 pips SL must be place above the highest high of the last 4 bars.
• Take profit at 8-15 pips or on the pivot of the support and resistance level.

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