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694# Turtle Method Scalping

High Frquency Trading

Donchian Reversal Scalping

Submit by Dimitri

 

Turtle Method Scalping is a strategy based on Donchian Channel is a trend following system, suitable for volatile markets.

Turtle Method Scalping Strategy
Turtle Method Scalping Strategy

Setup strategy
Time Frame 1 min but also higher time frame but here there is the setting for 1 minute time frame.
Financial markets: volatile markets like GBP /JPY, EUR / JPY, OUT / AUD, GBP / USD, EUR / NZD
Don't trade 20 minutes before and after high news impact.
Make sure you have low spreads (<1.3 pips)
Metatrader 4 Indicators (all non-repaint):
Turtle channel 50-20

Turtle channel 50-15
RSI (period 2, oversold level 15, overbought level 85).

Ilyaz4 (12, periods), trend indicator.

Oscillator Stochastic (5, 3,3).
Trading Rules
Buy:

- trend changed from red to white;
- when the price entered the oversold area of the turtle channel;
- when the RSI is/was oversold;
- then wait that stochastic crosses upward from oversold.

Sell

- Trend changed from white to red;
- when the price entered the overbought area of the turtle channel ;
- when the RSI is/was overbought;
- then wait that stochastic crosses downward from overbought.

Max two trades in the same direction.
Exit position

Place initial stop loss below/above the previous swing high/low.

Profit Target ratio stop loss 1:2.

 

Example of trades.

Turtle Method Scalping Strategy
Turtle Method Scalping Strategy
Turtle Method Scalping Strategy
Turtle Method Scalping Strategy
Turtle Method Scalping Strategy
Turtle Method Scalping Strategy
Turtle Method Scalping Strategy
Turtle Method Scalping Strategy
Turtle Method Scalping Strategy
Turtle Method Scalping Strategy
Turtle Method Scalping Strategy
Turtle method Scalping Strategy.rar
compressed file archive 49.9 KB
Comments: 0
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