371# Divergence Forex Scalping System

MACD Divergence with FXCX Divergence Scalping System

 

 

 

Submit by joy22 14/08/2013

 

This Divergence scalping system is based on two divergence indicators and works on the all time frame. Here I show how it work at the time frame 5 min.

Trading Session: London and New York.

 

 

Metatrader indicators:

FXCX Divergence indicator (5,13,21,),

MACD Divergence indicator (12, 26 9),

Doda Stochastic indicator ( 5,13, 5 setting for 5 min and 15 min time frame, for other time frame the setting is 5, 8, 5).

 

Trading Rules: Divergence Forex Scalping System

Go Long

1) Buy Arrow FXCX Divergence indicator;

2) MACD Divergence indicator>0;

3) Doda Stochastic indicator go upward from oversold area.<70

 

Go Short

4) Sell Arrow FXCX Divergence indicator;

5) MACD Divergence indicator<0;

6) Doda Stochastic indicator go downward from overbought area but<30

 

Exit Position

Fast Profit Target 6-12 pips.

Stop loss 8 pips above or below the entry bar.


 

In the pictures below Divergence Forex Scalping System in action.

Divergence Forex Scalping System: Indicators and Template

 Divergence Forex Scalping System
Divergence Forex Scalping System
 Divergence Forex Scalping System
Divergence Forex Scalping System
Divergence Forex Scalping System
Divergence Forex Scalping System: Indicators and Template
Divergence Forex Scalping System.rar
compressed file archive 13.9 KB

 

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