597# Crane Scalper

Submit by Mario 2017

Crane Scalper is a trend momentum strategy based on two indicators Crane Scalper for entry and RSX Sig Histo Indicator as filter. The main feture of this strategy is that the entries are only in the direction of the main trend and there is also the filter of OS/OB.

Time Frame 5 min or higher

Currency pairs with low spreads.

Metatrader 4 Indicators

Crane scalper period1 11, period2 12.

RSX Sig Histo Indicator period 12 with levels ob/os 20 and -20.

RSX Sig Histo Indicator is an indicator that you can use also for reversal trading.

Trading Rules Crane Scalper

Buy

Crane scalper green bar.

RSX Sig Histo Indicator green bar but below of level 20.

Fast profit target that depends by time frame and pairs.

Place initial stop loss below the low swing.

Sell

Crane scalper red bar.

RSX Sig Histo Indicator red bar but above of level -20.

Fast profit target that depends by time frame and pairs.

Place initial stop loss above the high swing.

Advantages of this trading system is simple and fast trades with a good filter.

Disadvantages are few signals then you must apply this template a more pairs and time frame in the same time.

In the pictures Crane Scalper in action.

Share your opinion, can help everyone to understand the forex strategy.