371# Divergence Forex Scalping System
MACD Divergence with FXCX Divergence Scalping System
Submit by joy22 14/08/2013
This Divergence scalping system is based on two divergence indicators and works on the all time frame. Here I show how it work at the time frame 5 min.
Trading Session: London and New York.
FXCX Divergence indicator (5,13,21,),
MACD Divergence indicator (12, 26 9),
Doda Stochastic indicator ( 5,13, 5 setting for 5 min and 15 min time frame, for other time frame the setting is 5, 8, 5).
Trading Rules: Divergence Forex Scalping System
Go Long
1) Buy Arrow FXCX Divergence indicator;
2) MACD Divergence indicator>0;
3) Doda Stochastic indicator go upward from oversold area.<70
Go Short
4) Sell Arrow FXCX Divergence indicator;
5) MACD Divergence indicator<0;
6) Doda Stochastic indicator go downward from overbought area but<30
Exit Position
Fast Profit Target 6-12 pips.
Stop loss 8 pips above or below the entry bar.
In the pictures below Divergence Forex Scalping System in action.
Divergence Forex Scalping System: Indicators and Template
Share your opinion, can help everyone to understand the Divergence Forex Scalping System
