Submit by Maximo Trader

Lucky Reversal Scalping Strategy is trend revesal trading system with high profittability.

Indicators:

1. SMA (Simple Moving Average) High (20 periods)

2. SMA Low (20 periods)

3. Lucky Reversal Indicator SRZZ (60 periods)

4. Arrow Indicator (for buy and sell signals)

This scalping strategy combines a combination of trend direction with SMA and specific entry signals from the Lucky Reversal Indicator, targeting short-term, high-probability trades.

Buy Setup:

1. Trend Confirmation:

   • Price is above the 20-period SMA High line. This confirms the market is in an uptrend.

2. Swing Low Signal:

   • The Lucky Reversal Indicator forms a green circle below a swing low. This indicates a potential reversal or continuation of the upward trend.

3. Entry Signal:

   • A buy arrow appears, signaling a potential entry.

4. Entry Point:

   • Enter a buy position at the close of the candle where all conditions are met.

5. Stop Loss:

   • Place the stop loss below the previous swing low.

6. Profit Target:

   • Aim for a profit target ratio of 1:1.3 to 1:1.8 relative to the stop loss.

Sell Setup:

1. Trend Confirmation:

   • Price is below the 20-period SMA Low line, confirming the market is in a downtrend.

2. Swing High Signal:

   • The Lucky Reversal Indicator forms a red circle above a swing high, indicating a potential downward movement.

3. Entry Signal:

   • A sell arrow appears, signaling a potential entry.

4. Entry Point:

   • Enter a sell position at the close of the candle where all conditions are met.

5. Stop Loss:

   • Place the stop loss above the previous swing high.

6. Profit Target:

   • Aim for a profit target ratio of 1:1.3 to 1:1.8 relative to the stop loss.

Additional Tips for This Strategy:

• Trade Management: Move the stop loss to break-even when the price has moved halfway to the target.

• Session Selection: This strategy works best during high-volatility trading sessions (e.g., London and New York sessions).

• Risk Management: Avoid over-leveraging; keep risk per trade between 1-2% of the total account balance.

System Rules

Entries

• The first step in the strategy is to draw a channel between the highest high and the lowest low of the last 9 bars

• The second step is to draw Fibonacci Retracement lines using those two levels

• We should enter a long trade when the bar closes above the 61.8% retracement level

• We only trade in the direction of the carry.

Time Frame Traded

•4 hour charts

Currency Pairs Traded

• EUR/JPY

• GBP/JPY

• AUD/JPY

• NZD/JPY

In the pictures FX Carry Range trading system in action.

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