Scalp Modification Trading System – 90% profitable trades

Writen by Admin | Posted in Forex Trading Systems No comments

Scalp-Modification-Trading-System
Forex Strategy Scalp Modification designed for scalping on all currency pairs and is a very simple and intuitive to use. According to the authors, subject to the rules of strategy brings to 80% profitable trades. Scalp Modification designed for all currency pairs on timeframes M1 and M5.

Characteristics of Scalp Modification

Platform: Metatrader4
Currency pairs: All
Trading Time: Any
Timeframe: M1 and M5
Recommended broker: Alpari

Used indicators:

Fibo
Pivot
CCI
RSI (Period 8)
Heiken_Ashi_Smoothed
EJ_CandleTime
DoublecciWoody with parameters: Trend CCI (170), Entry CCI (34):

Scalp Modification Trading System download


Rules of long entry:

Trend CCI (170) crossed the zero line upwards; it is over and shows an upward trend
Entry CCI (34) crossed the zero line in the same direction and shows an upward trend
RSI indicator value is greater than 55
Heiken Ashi indicator changed color to blue

It is important to remember that perform at the entrance to the market value of the RSI indicator in the area of 45-55 risky. You should wait for the intersection of value 55 in the direction of trade.

Stop Loss in the strategy is fixed and amounts to 10 points.

Exit the long position if the following conditions:

Heiken Ashi indicator changed color to red
CCI (34) crossed the zero line downwards

Rules of short entry:

Trend CCI (170) crossed the zero line downwards, is under her and shows a downward trend.
Entry CCI (34) crossed the zero line in the same direction and shows a downward trend.
RSI indicator value is less than 45
Heiken Ashi indicator changed color to red.

Exit the short position if the following conditions:

Heiken Ashi indicator changed color to blue
CCI (34) crossed the zero line upwards

Do not open trades against the trend on the M5 timeframe. Should also be considered Fibo and Pivot levels as support and resistance levels when deciding whether to enter on the market.

Incoming search terms:

  • Scalp Modification Trading System

Add Your Comment