[[ Scalping Strategi ]] Stochastic MTF Forex Scalping Strategy

[[ Scalping Strategi ]] Stochastic MTF Forex Scalping Strategy


This is a strategy that works on a 15 minute timeframe and is applicable to any currecy pairs. This system also uses many indicators to really catch a good entry. Each indicator has an explanation on what is it all about.

Forex Indicators and its setups:

  • Clock indicator – shows the time remaining before the nest bar opens.
  • Stochastic Crossing 14, 5, 5, 3, 1 – shows the intersection of the lines of stochastic in the chart price.
  • Pivot daily – pivot levels for exit.
  • Sessions – shows the best shopping areas.
  • market price-W1 – displays the price, uses an average price spread and the number of points from the opening price.
  • HMA – trend indicator
  • Stochastic oscillator 14, 5, 5 – uses for entry point.
  • Williams ’ Percent Rage (9) – set in one window (1) with the Stochastic Oscillator (14, 5, 5).
  • MTF Stochastic v 2.0 Alert (9, 5, 5, 3, 1) to M30, Window 2 – define the trend to M30.
  • MTF Stochastic v 2.0 Alert (9, 5, 5, 3, 1) at T2, Window 3-define the trend on H1.
  • MTF Stochastic v 2.0 Alert (9, 5, 5, 3, 1) to H4, Window 3-define trend at H4.

Short Entry:

  • M15 Stoch crossing signal must appear. Must be pointing down.
  • HMA and Stoch crossing must be in the same direction. It should be upward.
  • Minimum of 3 MTF Stochastic Oscillator, the 15 along with any 2 of hte M30, H1 and H4 timeframes in the same direction with point 1.
  • Williams’ Percent Range Indicator is close and above the -90 line.
  • Enter long position at the opening of the next bar when all conditions are met.
  • Take profit would be at the daily pivot or resistance level.
  • Exit trade when WPR is overbought which is below -90 and M15 stochastic crossed to oversold area and ready to cross back up.
Note: WPR is slightly below -90 if the price moves fast.

Long Entry:

  • M15 Stoch crossing signal must appear. Must be pointing up.
  • HMA and Stoch crossing must be in the same direction. It should be downward.
  • Minimum of 3 MTF Stochastic Oscillator, the 15 along with any 2 of hte M30, H1 and H4 timeframes in the same direction with point 1.
  • Williams’ Percent Range Indicator is close and above the -10 line.
  • Enter long position at the opening of the next bar when all conditions are met.
  • Exit trade when WPR is overbought which is below -10 and M15 stochastic crossed to oversold area and ready to cross back up.
  • Place stop loss at 40 pips from the entry price.

Click here below to download:

No comments:

Post a Comment

Related Posts Plugin for WordPress, Blogger...

Cari info FX di Blog ini :