291# Megatrend Forex Scalping

Magatrend and Fip lines

Submit By Danny 15/02/2013

 

This is an trend following scalping system based on the indicator megatrend.

Time Frame 5min

 

Megatrend Forex Scalping Metatrader Indicators:

Indicator settings FIP_LINE default ;

ZIG ZAG POINTER default;

MEGATREND (hull moving average) PERIOD = 50 ;

Pivot.

 

RULES

Buy

FIP_LINE show trend up ;

wait for MEGATREND to change color (red to blue) to up, after FIP_LINE show trend up ;

Buy only whe the bar open above the pivot levels.

Sell

FIP_LINE show trend down ;

wait for MEGATREND to change color (blue to red) to down:

Sell only whe the bar open below pivot levels.

 


Exit Position

Repaintig zig zag pointer does not go to next candle support or resistance;

levels pivots has been reached;

Profit Target Predetermined : EUR/USD 8 pips, GBP/USD 9-10 pips, AUD/USD 6-7 pips.

 


 

In the pictures Megatrend Forex Scalping in action.

Megatrend forex scalping
Trading System:t his is an trend following scalping system based on the indicator megatrend
Megatrend forex scalping.rar
compressed file archive 13.2 KB
Megatrend Forex Scalping
Megatrend Forex Scalping
Megatrend Forex Scalping
Megatrend Forex Scalping

 

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