514# Dax Scalping

Submit by Ifogenius6 09/04/2016

Dax Scalping is a system trend following very simple and clear. This system was created for Dax but can also be used on other stock indices and major forex pairs.

Time frame 5 min or higher.

Financial Markets: Dax, S&P 500, Dow, FTSE, CAC40, MIB30 and other indices, EUR/USD, GBP/USD, USD/JPY, USD/CAD.

Metatrader Indicators:

Confirm1 (line dot blue and line dot red);

Confirm2 (dot blue and red);

Confirm3 (dot blue, dot yellow and red);

You can use this trading system as a filtering tool, of other indicators of arrow.

In this case it is very efficient.

Trading rules

Simple buy entry

line dot blue crosses above line dot red.

Confirm 2 blue dot,

Confirm 3 indicator two blue dot.

Simple sell entry

line dot red crosses above line dot blue.

Confirm 2 red dot,

Confirm 3 indicator two red dot.

When the confirm 3 has a yellow dot the direction is flat.

Another type of entry is on the retracement of the price on the lines, for experts.

Exit positions:

at the opposite cross, with predetermined profit target or at the pivots levels.

In the pictures, Dax scalping in action.

Share your opinion, can help everyone to understand the forex strategy