Simple Scalp Forex Scalping Strategy

Tim Morris

August 8, 2016

543

SIMPLE SCALPER

This system works for EURUSD, AUDUSD, and GBPUSD in a 5 minute timeframe.

Forex Indicators:

Time zone trading;
BuySell
Direction
Laguerre RSI
FDM

Rules for LONG entry:

BuySell green arrow confirmed by direction green arrow
FDM green
Laguerre RSI must be greater than 40.

Rules for SHORT entry:

BuySell red arrow confirmed by direction green arrow
FDM green
Laguerre RSI is greater than 40.

To exit the position, rules must be met. Exit the trade when BuySell indicator reverse.
The recommended Target profit must be 6 pips for AUDUSD, 8 pips for EURUSD and 10 pips for GBPUSD.
Set Stop Loss: for buy, on Cyan arrow direction; for sell, in red arrow direction.

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