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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
ScalpingSecret V.4 Sell
ScalpingSecret V.4 Sell
errata corrige T3 Dragon 1
Scalping secret V.4 Buy
Comments: 2
  • #2

    Forextradingstrategiesresources (Wednesday, 21 August 2013 14:17)

    5 and 15 min.

  • #1

    AJ (Wednesday, 21 August 2013 10:47)

    will this work on 1 min chart also?

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