MACD histogram and shows clearly the appearance of divergence. An indicator forex standard: fastEMA — 12, slowEMA — 1926, diver 1 0 forex divergence strategy system — 9. The appearance of the divergence in the indicators window for purchase — Forex Indicator FX5_Divergence draws the green arrow.
The appearance of the divergence in the indicators window for sale — Forex Indicator FX5_Divergence draws a red arrow. CCI indicator crosses the line — 100 from the top down. If you liked this Forex strategy – You can subscribe to receive new materials on the site Strategy4forex. Forex Strategy Schaff trend is hardly something revolutionary and new, but it is quite profitable and easy for a considerable time, and it is based on the same display schaff trend cycle, which is supplemented by an indicator stochastic.
Globus000:Hey guys, The strategy looks pretty interesting. Lukasz:hello I do not have these fields Asia London ? Tony’s website:this is an amazing post. Strategy Overview The idea behind this scalping strategy is to catch the short wave retracements that take place when the market reaches a peak overbought or oversold state. It is a low yielding strategy. That means the profits are not huge but they are consistent when the system is correctly applied. However, it can be adapted to work at higher timescales if you choose.
A key element of this strategy is that it spreads risk across a number of trades to create a scalp sequence. This averaging out is essential in restricting drawdowns and creating incremental profits. Unlike other scalping systems, trades are allowed to drawdown. Many scalping system abandon a trade as soon as it enters a loss.
However because the exposure is spread among multiple trades the impact of drawdown on the account’s balance is limited. Because of the need to allow trades to enter a loss, it is not advisable to use this method with aggressive leverage. That is, there is never more than one lot of exposure at any time. Typically, the exposure is spread over 100 trades.
However, with the entry signal I use there are rarely more than 10 trades open at once. It averages around 5 trades per day and the average total profit is 25. You can adjust the setup for more risk or less risk as required. Entry Signal I use a combined entry signal that detects high probability turning points. To do this I use a combination of the Bollinger band lines and by examining the price action at each bar. Two conditions have to be met to trigger a market entry. The first condition is that the price has to be at an extremity marked as one of the outer Bollinger band lines.
This input comes from examining the recent candle activity. For example for a buy signal, the price has to start retracing back up towards the center line of the band. For a sell signal, the price starts to retrace downwards. Essential for anyone serious about making money by scalping. It shows by example how to scalp trends, retracements and candle patterns as well as how to manage risk.