345# Retracement Finder Scalping System
Retracement Finder with DSS Bressert indicator
Submit by Joy22 02/06/2013
Time Frame 15min or Higher
Currency pairs:any
Metatrader Indicators
200 Ema (exponential moving average High);
200 Ema (exponential moving average Low);
DSS Bressert indicator (8-5) modified
Rules Retracement Finder Forex Strategy
only trade in the direction of the trend.
the trend is determined by the channel 200 EMA:
if the price is above the channel the trend is up,
if the price is belows the channel the trend is down.
Buy
Price Above 200 Ema Channel;
Retracemet Finder swith up;
DSS Bressert indicator blue dot.
Sell
Price Below 200 Ema Channel;
Retracemet Finder swith down;
DSS Bressert indicator red dot.
Exit Position
On the pivot points levels (only with 15 mim time frame)
Profit Target Fixed depends by time frame;
Whe changes the dot of the DSS bressert indicator.
ThisForex Strategy work very well
In the pictures Retracement Finder Scalping forex system in action.
Share your opinion, can help everyone to understand the forex strategy.
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Bill (Sunday, 07 June 2020 14:19)
Thank you Joy22 for this post. This strategy is excellent especially on longer timeframes.