Turtle Trading Channel Forex Scalping Strategy

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Turtle Trading Channel Forex Scalping Strategy

This is a trend following strategy develop by Dennis Gartman and Bill Eckhart. It relies on breakouts of historic highs and lows to get and exit trades. This is tested to be a profitable system. This works on a 15 minute timeframe
and is applicable to all major pairs.

Forex Indicators:

  • CCI (14);
  • Barry Support and resistance;
  • Turtle Channel.

Long Entry:

  • Turtle Channel Blue;
  • CCI is greater than 75.
  • Open buy position if the candle price close above red dot Barry resistance.

Short Entry:

  • Turtle Channel Red;
  • CCI is less than < -75.
  • Open sell position if the candle price close below blue dot barry support.
  • Profit Target must be 8-13 pips depends by Currency pairs.

Stop loss:

  • for buy 3 pips below blue dot barry support.
  • for sell 3 pips above red dot barry resistance.

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