682# Rilix Scalping Strategy
5 minute Scalping Strategy
Dpwma an JMA as Filter
Submit by Alexander
Rilix Scalping Strategy it is a strategy of the Forex Factory forum I propose it to our readers because it is an interesting trading system for those who like scalping and intraday trading. The Rilix strategy is very simple trend-momentum to follow and provides fairly accurate signals. Here we tried to eliminate some false signals with the use of triangular moving averages so as to try to improve profitability.
Time Frame 5 min or higher
Currency pairs: Majors with low spreads
Metatrader 4 Indicators:
R1 Scalper X2
R2 Dpwma an JMA defaul setting (12,26, 9).
TMA (period 100, deviation 2.3)
Buy Arrow of TMA below the lower band (optional)
Buy arrow of R1 indicator.
R2 indicator confirm with green Histogram.
Sell Arrow of TMA above the upper band (optional)
Sell arrow of R1 indicator.
R2 indicator confirm with red Histogram.
Do not enter into position if landela obarra closes out of the opposite band.
Place initial stop loss below/above the upper or lower band.
Profit target at the opposite band, at opposite arrow or with ratio stop loss 1:1.12.
The strategy seems suitable for quick profits because it tries to get into the full swing.
In the pictures example of trading with Rilix scalping Strategy
Telegram Channel: https://t.me/freeforexresources
Share your opinion.