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Trend Dynamic Index Forex Scalping Strategy
This is a scalping strategy that uses a 5 minute timeframe or higher and is applicable to any currency pairs. It uses 4 indicators but it’s not really that hard to enter a trade for the rules are easy to understand. Just stick to the rules
and trading will be smooth.
Forex Indicators:
- RealMACD (5. 15,1);
- Stock Rainbow (1, 3)
- Trend Dynamic Index (default)
Long Entry:
- Green line TDI is greater than red and yellow line.
- Real MACD is greater than 0.
Short Entry:
- Green line must less than red and yellow line.
- Real MACD is less than 0.
Exit Position:
- Stochastic Rainbow was concentrated in oversold or overbought area.
- Take profit at 6-12 pips depending on the currency pairs and place stop loss at 5 pips above or below the bar entry.
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