250# Scalping Secret V.4 Forex System

Forex Scalping Trading System

Submit by Robinood Fx 13/12/2012

 

Secret Scalping V.4” is a scalping trading system that works by following current trend in the market, and also by analyzing wave’s direction.

 

Time frame 5min

Currency pairs majors

 

System Metatrader 4 Indicators

Time zone trading;

Pivot lines;

1 – T3 Dragon 1 (0, 1, 0, 2) ( Green bar = Up trend, Buy Signal. Red Bar = Down trend, Sell Signal.

Settig t3 Dragon1 (0, 1, 0, 2);

Trend Filter (RSI 56) (25; 75),

Signals generated by this indicator are:

- Up Trend = Green Bars = Buy Signal

- Down Trend = Red Bars = Sell Signal

 


Arrow

Signals generated by this indicator are:

When we see a red arrow = sell signal, Green arrow = buy signal

 

 

Volatility Meter

An signal buy or sell is valid when Volatility>0.00025

Buy Signal

1- T3 Dragon 1 = Green Candles;

2- Trend Filter RSI Signal = Green Bar;

3- Volatility meter > 0.0025 Line.

 

 

Sell Signal

1- T3 Dragon 1 = Red Candles;

2- Trend Filter RSI Signal = Red Bar;

3- Volatility meter > 0.0025 Line.

 

 

Stop Loss

For stop loss – with buy and sell orders – we’re going to use the Fractals/Arrows indicator.

With Sell Trades Place your stop 5 pips Above the previous swing

With BuyTrades Place your stop 5 or 10 pips Below the entry Arrow


Targets.

1 st strategy, use a specific fixed number (levels pivot) or an profit target predeterminded 9 or 15 pips.

2 nd strategy, is to close each trade manually when you see an opposite Arrow.

 

 

In the pictures Scalping Secret V.4 Forex System in action.

Scalping+Secret+V.4
Scalping+Secret+V.4 trading system
Scalping+Secret+V.4.rar
compressed file archive 16.7 KB
Scalping Secret V.4
Scalping Secret V.4
ScalpingSecret V.4 Sell
ScalpingSecret V.4 Sell
errata corrige T3 Dragon 1
Scalping secret V.4 Buy

Write a comment

Comments: 2
  • #1

    AJ (Wednesday, 21 August 2013 10:47)

    will this work on 1 min chart also?

  • #2

    Forextradingstrategiesresources (Wednesday, 21 August 2013 14:17)

    5 and 15 min.

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