173# Precision Scalping on the 15-Minute Chart

Submit by Joy22 2024

Precision Scalping on the 15-Minute Chart is a trend reversal strategy.

Strategy Title: Precision Scalping on the 15-Minute Chart

Time Frame: 15 minutes or higher
Currency Pairs: Best suited for volatile pairs

Indicators

Two Moving Averages (MA):
- Set at periods of 45 and 89.
- Defines trade direction:
  - Both MAs Red: Indicates a downtrend.
  - Both MAs Green: Indicates an uptrend.
TMA Arrow Alerts:
- Used for entry alerts.
- Only consider TMA signals that align with the direction indicated by the MAs.
Stochastic Oscillator:
- Settings: 13, 8, 5.
- Used to time entry points.
- Only consider crossovers in the same direction as the trend indicated by the MAs and TMA alert.

Precision Scalping on the 15-Minute Chart

Trading Rules

Buy Setup

Both MA lines are green.
A TMA buy alert is triggered.
Stochastic crossover upwards, signaling entry in the direction of the trend.

Sell Setup

(Inverse of Buy):
1. Both MA lines are red.
2. A TMA sell alert is triggered.
3. Stochastic crossover downwards, signaling entry in the direction of the trend.

Exit Strategy

Set exit points based on the time frame. For a 15-minute chart, place exit points 3-7 pips above/below the recent swing high/low.
Profit Target: Use a risk-to-reward ratio of 1:1 to 1:1.3, depending on market conditions and price volatility.

Aggressive exit rules at opposite arrow or exit when 2 MA changes direction. The advantage of aggressive exit is that it tends to increase the Profit/Loss ratio.

This strategy aligns multiple indicators for precision in entry and exit, taking advantage of short-term trends and optimal timing provided by stochastic crossovers in the direction of the main trend.