423# King Scalping System

King trend breakout scalping

 

Submit by Rosiji 07/04/2014

 

King Scalping system is trend breakout system for intraday trading.

This System is inspired at the Black King System., It's an evotution.

Time Frame 15 min.

Currency pairs: GBPUSD, GBPJPY, EURUSD, AUD/USD, USD/CHF.

 

Metatrader Indicators:

Heiken Aschi,

2 MA crossover,

King Trend signal,

5 moving average smoothed High,

5 moving average smoothed Low,

King's Cage indicator ( the basic Indicator for this scalping system),

QQE Alert,

King's trend detector

RCS Fibo indicator.

 

Rules for King Scalping System

Long Entry

The price broken , the breakout filter zone (King's cage indicator)upward.

Trend detector signal up trend.

Arrow Buy (2MA crossover or King's trend signal).

Heiken Ashi Bar is green and closing above SMA 5 tunnel.

SMA 5 tunnel is trending up.

QQE alert value 1 is crossing QQE alert value 3 from below.

 

Short entry

The price broken , the breakout filter zone (King's cage indicator) downward.

Trend detector signal down trend.

Arrow Sell (2MA crossover or King's trend signal).

Heiken Ashi Bar is red and closing below SMA 5 tunnel .

SMA 5 tunnel is trending down.

QQE alert value 1 is crossing QQE alert value 3 from above.

 

Exit position

Initial Stop loss 15-20 pips.

Make profit on RCS Fibo Level or profit target 12-15 pips (ratio stop loss 1:1).

King Scalping System
King Scalping System

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King Scalping System
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