Dear all,
I found this strategy and i made some rules for it and add one more indicator.
Please check it out what are you think it about.
Charts : MT4 platform (or Other)
Time frame : 1M
Pair : All pairs (Recommended GBP/JPY)
Indicator : Moving Average
Indicator : Daily Pivot Points
SETUP:
1. Open any pair and change to 1M Time Frame.
2. Select Moving Average Indicator and set the following setting ;
a) Period : 200
b) Shift : 0
c) MA Method : Simple
d) Apply to : Close
e) Style : Blue (thick line)
RULES:
1. Look at the blue MA and prepare to trade once the price HIT / CROSSED the blue MA.
2. Enter LONG when the price is ABOVE the blue MA.
3. Enter SHORT when the price is BELOW the blue MA.
4. Set STOP LOSS on previous HIGH / previous LOW.
5. Set TP 15 to 25 pips or more (Recommended for GBPJPY only).
6. And don’t get any positions against the 1H or 4H trend.
Attached you will find the template for MT4 and the indicator for daily pivot points.
Happy Trading.
I found this strategy and i made some rules for it and add one more indicator.
Please check it out what are you think it about.
Charts : MT4 platform (or Other)
Time frame : 1M
Pair : All pairs (Recommended GBP/JPY)
Indicator : Moving Average
Indicator : Daily Pivot Points
SETUP:
1. Open any pair and change to 1M Time Frame.
2. Select Moving Average Indicator and set the following setting ;
a) Period : 200
b) Shift : 0
c) MA Method : Simple
d) Apply to : Close
e) Style : Blue (thick line)
RULES:
1. Look at the blue MA and prepare to trade once the price HIT / CROSSED the blue MA.
2. Enter LONG when the price is ABOVE the blue MA.
3. Enter SHORT when the price is BELOW the blue MA.
4. Set STOP LOSS on previous HIGH / previous LOW.
5. Set TP 15 to 25 pips or more (Recommended for GBPJPY only).
6. And don’t get any positions against the 1H or 4H trend.
Attached you will find the template for MT4 and the indicator for daily pivot points.
Happy Trading.
Attached File(s)
Scalping Strategy.zip
6 KB
|
4,510 downloads
Trade only what i see