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.
Recommended MT4 Brokers
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
>> Sign Up for XM Broker Account here <<
FBS Broker
- Trade 100 Bonus: Free $100 to kickstart your trading journey!
- 100% Deposit Bonus: Double your deposit up to $10,000 and trade with enhanced capital.
- Leverage up to 1:3000: Maximizing potential profits with one of the highest leverage options available.
- ‘Best Customer Service Broker Asia’ Award: Recognized excellence in customer support and service.
- Seasonal Promotions: Enjoy a variety of exclusive bonuses and promotional offers all year round.
>> Sign Up for FBS Broker Account here <<
Click here below to download: