423# King Scalping System
King trend breakout scalping
Submit by Rosiji 07/04/2014
King Scalping system is trend breakout system for intraday trading.
This System is inspired at the Black King System., It's an evotution.
Time Frame 15 min.
Currency pairs: GBPUSD, GBPJPY, EURUSD, AUD/USD, USD/CHF.
Heiken Aschi,
2 MA crossover,
King Trend signal,
5 moving average smoothed High,
5 moving average smoothed Low,
King's Cage indicator ( the basic Indicator for this scalping system),
QQE Alert,
King's trend detector
RCS Fibo indicator.
Rules for King Scalping System
Long Entry
The price broken , the breakout filter zone (King's cage indicator)upward.
Trend detector signal up trend.
Arrow Buy (2MA crossover or King's trend signal).
Heiken Ashi Bar is green and closing above SMA 5 tunnel.
SMA 5 tunnel is trending up.
QQE alert value 1 is crossing QQE alert value 3 from below.
Short entry
The price broken , the breakout filter zone (King's cage indicator) downward.
Trend detector signal down trend.
Arrow Sell (2MA crossover or King's trend signal).
Heiken Ashi Bar is red and closing below SMA 5 tunnel .
SMA 5 tunnel is trending down.
QQE alert value 1 is crossing QQE alert value 3 from above.
Exit position
Initial Stop loss 15-20 pips.
Make profit on RCS Fibo Level or profit target 12-15 pips (ratio stop loss 1:1).
Share your opinion, can help everyone to understand the forex strategy
