250# Scalping Secret V.4 Forex System
Forex Scalping Trading System
Submit by Robinood Fx 13/12/2012
Secret Scalping V.4” is a scalping trading system that works by following current trend in the market, and also by analyzing wave’s direction.
Time frame 5min
Currency pairs majors
System Metatrader 4 Indicators
Time zone trading;
1 – T3 Dragon 1 (0, 1, 0, 2) ( Green bar = Up trend, Buy Signal. Red Bar = Down trend, Sell Signal.
Settig t3 Dragon1 (0, 1, 0, 2);
Trend Filter (RSI 56) (25; 75),
Signals generated by this indicator are:
- Up Trend = Green Bars = Buy Signal
- Down Trend = Red Bars = Sell Signal
Arrow
Signals generated by this indicator are:
When we see a red arrow = sell signal, Green arrow = buy signal
Volatility Meter
An signal buy or sell is valid when Volatility>0.00025
Buy Signal
1- T3 Dragon 1 = Green Candles;
2- Trend Filter RSI Signal = Green Bar;
3- Volatility meter > 0.0025 Line.
Sell Signal
1- T3 Dragon 1 = Red Candles;
2- Trend Filter RSI Signal = Red Bar;
3- Volatility meter > 0.0025 Line.
Stop Loss
For stop loss – with buy and sell orders – we’re going to use the Fractals/Arrows indicator.
With Sell Trades Place your stop 5 pips Above the previous swing
With BuyTrades Place your stop 5 or 10 pips Below the entry Arrow
Targets.
1 st strategy, use a specific fixed number (levels pivot) or an profit target predeterminded 9 or 15 pips.
2 nd strategy, is to close each trade manually when you see an opposite Arrow.
In the pictures Scalping Secret V.4 Forex System in action.
Forextradingstrategiesresources (Wednesday, 21 August 2013 14:17)
5 and 15 min.
AJ (Wednesday, 21 August 2013 10:47)
will this work on 1 min chart also?