SSL Bar Forex Scalping Strategy


SSL Bar Forex Scalping Strategy

This system is an intraday system that works on a 15-minute chart. The currency pairs that are applicable to this kind of system are EU, GU, UCHF, AU, GJ, EJ, NU and AJ. Use this strategy between 6:00 GMT and 21:00 GMT.

Metatrader indicators:

  • IN10Tion newsreader lite V 9.99(the last version, require CPU) it will remind you economic news releases, session open and close times;
  • SSl Bar (set 240 min) – identifies trend.
  • SFX MCL ( 13, 6, 2) -this strategy determines an entry. The red line shows daily open value.
  • Fibo pivots daily indicator.

Buy Entry:

  • Go long when SFX MCL crosses upward and SSL bar are green.

Sell Entry:

  • Go short when SFX MCL crosses downward and SSL bar is red.

Exit Position:

  • Take profit at 30 pips or at the pivot levels.
  • Place initial stop loss at 30 pips.

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