683# IS Scalper Strategy
Price Action Reversal Trend Strategy
Zig Zag Strategy
Submit by Snchez (reference: Indicatores Pro)
IS Scalper Strategy is a Price Action trading system based on the Zig Zag reversal trend that generates signal in the direction of the reversal point previous.
The strategy is clear, simple and immediate based on three indicators.
This strategy can also be interpreted with the multitime frame filter in the sense that if you trade at 30 minutes or at H1, only the signals that agree with the 4H time frame are traded.
The difference between this strategy and similar ones is that it is based on a very slow entry timing signal with the purpose of entering after inversion has taken place. For this reason I recommend using this trading system with the multi time frame filter.
Time Frame 30 min, 60 min, 4H.
Currency pairs: Majors and Minors.
Metarader 4 indicators:
Renko Scalp SMF alia 3 ZZ Semafor.
Zig Zag Arrow (60,5, 3),
Break the timing for trading.
Trading Rules IS Scalper Strategy
Buy
1. Check the direction of the price with the appearance of the red circle (ZZ semafor) and the yellow arrow (Zig Zag arrow) in the same point.
2. When the light blue square appears, wait for the candle to close and buy when the next candle opens.
3. Close the position when the opposite circle (zzvsemafor) appears with the opposite arrow, or with a ratio stop loss of 1: 1.
Enter the initial stop loss at the previous swing low.
Sell
1. Check the direction of the price with the appearance of the green circle (ZZ semafor) and the sell yellow arrow (Zig Zag arrow) in the same point.
2. When the red square appears, wait for the candle to close and sell when the next candle opens.
3. Close the position when the opposite circle (zzvsemafor) appears with the opposite arrow, or with a ratio stop loss of 1: 1.
Enter the initial stop loss at the previous swing high.
In the pictures IS Scalper Strategy in action.
Telegram Channel: https://t.me/freeforexresources
Share your opinion.
Andrés (Sunday, 11 October 2020 18:57)
Is there any indicator similar to the one that you call Break indicator?