660# Scalping for Equity Index, Gold and Oil

Submit by Joy22

Scalping for Equity indices, Gold and Oil is a trading system fo trading at the time frame 15 min, 30 min, 60 min on Equity indices, Gold and Oil but you can use also o forex, but it has been optimized on Oil and Gold Stock Index.

Trend Magic Arrow it is based on three WPR oscillators synthesized and then applied to the time series, of the main indices, Oil and Gold, then I extracted the setting combination that best adapted to interpret these time series. From an epistemological point of view this type of technique is only a statistical exercise. The scientific and certain interpretation of chaos does not exist. The only statistical theory similar to a philosophy of history that tries to interpret indefinite randomness is Markov 's theory of changing stages (Markovian stochastic process). I close the epistomological parenthesis. Ok.

The trading system is trend momentum based on a slow trend indicator Half Trend with amplitude 20 and in the direction of the half trend one trades when the arrows of the synthesized WPR index appear. The only type of filter in this type of system is not to enter the bars that have a width greater than the previous 10.

How to interpret the system

1) You enter arrows in the direction of the Half Trend to have a very fast profit, with tight stop loss.

2) You enter in the direction of the trend at the first arrow profit target with ratio 1: 1.6 the stop loss, or close the position when Half Trend changes direction. In general the arrow tends to enter in a moment of retracement.

Time Frame 15 min, 30 min 60 min..

Currency Pairs: Index, Oil. Gold, and Major.

Market sessions: London and New York 15 min and 30 min. TF, All sessions with the time frame at 60 min.

Metatrader Indicators:

Half Trend amplitude 20

Trend Strenth

Trend Magic Arrow ( Three WPR with Risk 1: WPR1 period 7, WPR2 Period 21, WPR 3 period 33).

Forex Symbol Chager.

Trading Rules Scalping for Equity indices, Gold and Oil

Trades only in the direction of the trend.

Half Trend Blue line trend is up.

Half Trend Red line trend is down.

Buy

Half Trend blue line.

Arrow buy of WPR indicators

Trend Strength medium or Strong (do not enter with Weak).

Sell

Half Trend red line.

Arrow sell of WPR indicators

Trend Strength medium or Strong (do not enter with Weak).

Exit options:

1) fast profit ratio stop loss 1:0.75 to 1:1 Initial stop loss n° tics below/above the enty candle.

2) enter in the Market at first arrow profit target with ratio 1: 1.6 the stop loss, or close the position when Half Trend changes direction.

In the pictures Scalping for Equity indices, Gold and Oil in action.

Telegram Channel https://t.me/freeforexresources

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