649# Fire FX Scalping

Submit by Dimitri

Fire FX Scalping is pure trend momentum following system for fast scalping based on more RSI, Parabolic Sar arrow filtered and Envelopes as target price and stop loss but also to read the price dynamics optimally. but also to read the price dynamics optimally. The trading system was created to trade at 1 min time, 2 min, 3 min max 5 min or from 180 to 300 ticks (tick chart). The trading system was created to trade at 1 min time, 2 min, 3 min max 5 min or from 180 to 300 ticks (tick chart). the purpose of this system is to have fast trading with profit targe and balanced stop losses, trying to obtain a profitability approaching 60%.

Time Frame 1 min or higher.

Currency pairs: Gold, GBP/USD, EUR/USD, USD/JPY, AUD/USD, AUD/NZD, GBP/JPY, EUR/AUD, EUR/GBP.

Metatrader 4 indicators:

Main chart:

Envelopes default setting,

Parabolic Sar sep 0.02 (30-70), arrow buy yellow, arrow sell red,

RSI 13 (70, 30),

TS1 indicator defalut setting.

TS2 indicator default setting.

Trading rules Fire FX Scalping

A signal is generated when at least two indicators are in agreement.

The best signals are generated when the RSI indicator has previously gone into overbought or oversold.

Buy

RSI oscillator has been oversold, and out of that area.

Parabolic Sar buy arrow.

At least one TS indicator below the main chart with a green bar.

The price closes above the central line of the bands.

Sell

RSI oscillator has been overbougth, and out of that area.

Parabolic Sar sell arrow.

At least one TS indicator above the main chart with a red bar.

The price closes below the central line of the bands.

Initial stop loss 3° 0 4° level of the bands.

Profit target minimum 3° 0 4° level of the bands.

In the pictures Fire FX Scalping in action.

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