515# Scalping Signal

Submit by Landfx 18/04/2016

Scalping signal is a good signal for scalping but that works an all time frame. This signal is indicated for markets in sideways or with an medium trend at the daily time frame.

Time Frame 5 min or higher .

Financial Markets: Forex, Indices, Shares.

How to apply this signal.

Find on daily charts the sideways markets or currency with a medium trend.

Go to the lower time frame of your choice and apply the indicator.

5 min time frame Profit Target

EUR/USD, NZD/USD, USD/CHF 4 pips

AUD/USD 3 pips

GBP/USD, USD/JPY 5 pips.

15 min time fram Profit Target

EUR/USD, NZD/USD, USD/CHF 8 pips

AUD/USD 7 pips

GBP/USD, USD/JPY 10 pips.

30 min time frame Profit Target

EUR/USD, NZD/USD, USD/CHF 12 pips

AUD/USD 10 pips

GBP/USD, USD/JPY 15 pips.

60 min time frame Profit Target

EUR/USD, NZD/USD, USD/CHF 15 pips

AUD/USD 12 pips

GBP/USD, USD/JPY 18 pips.

Stop loss 1 pips below the entry bar.

You can also use the Martingale.

Tip for entry

For better entry can wait a little retracements:

5 min: 1-2 pips;

15 min 2-3 pips;

30 min 3-5 pips;

60 min 5-7 pips;

240 min 7-10 pips.

Advanced 

(multiposition trading)

Time frame 5min

Market conditions: sideways.

Best Currency: EUR/CHF, EUR/GBP.

Indicators:

Quantum signal with alert.

Scalping signal.

Buy

When appears the blue square wait the first buy arrow for to begin positioning buy.

Close all position at the first Sell arrow.

Sell

When appears the red square wait the first sell arrow for to begin positioning sell.

Close all position at the first buy arrow.

Max 10 trades for cycle.

Place stop loss 15 pips above/below the last arrow.

Reference for Quantum trading see

http://www.forexfactory.com/showthread.php?p=8797518

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