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Slope Forex Scalping Strategy
This is a strategy that uses a 1 minute and 5 minute timeframe and traders must need to follow the trend. Various Indicators are used in this system but it is nothing to be confused of. This works on a major currency trend.
Forex Indicators:
- Big Trend (HULL 240 method 3)
- Big Trend (HULL 120 method 3)
- Slope line 70
- Slope line 50
- i-paramon Work time
- Cam H2-H5 Historical
- Cam L2-L5 Historical
- TSR Daily Range
- Bar Trend
Long Entry:
- Megatrend (240, 120) light pink and slope (50, 70) aqua must be in the same direction and pointing upward.
Short Entry:
- Megatrend (240, 120) light pink and slope (50, 70) aqua must be in the same direction and pointing downward.
Exit Position:
3 options must be observe and you can choose either of the choices:
- at the first change of direction of the slope or Megatrend,
- at the levels Cam.
- Predetermined Profit Target (5- 12 pips).
Place stop loss at 15-20 pips depends by time frame ad currency pairs.
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