Scalping Tactics on signal levels

01 May 2011
This Scalping tactic is simple, and suitable for even the novice Forex .It uses only six main points, and one indicator - moving average.

Market: Forex;
Currency pairs: different;
Timeframe: H1;
Forex indicators: MA;
Strategy: Scalping;
Protective orders: stop loss, trailing stop.
Rules for Forex Tactics

1.For use of signal lines - levels of support and resistance, conducted through a maximum and minimum of the last four candles, excluding the current one.

2.To filter the signals we use a moving average MA with a period of 10 applies to Typical Price (HLC / 3). Signal consider the breakdown level of support / resistance and rejection rates by 8 points from the TP.

3.It opens to the purchase of the breakdown of the resistance level and exceeded the price level MA TP by 8 points.

4.On sell opens when reverse indicators.

5.Stop orders set at 17 points (including spread ) from the entrance. If the trading session ends, then the same 17 points from the moving average.

6. TakeProfit can not use it. Desirable to use a trailing stop with a step 15, from profit of 10 points.

1 comments:

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