Forex Trend Friend Scalping Strategy

Trading Strategies 0 502


Summary : 

Trend Friend Follow Forex Scalping Strategy is simple forex strategy, And This strategy is effective during Berlin session using a 15 and 30-minute timeframe and all sessions if it is used in a 1-hour timeframe.

 

Metatrader Indicators : 

- Trend Filter,

- SDX TZ Pivots,

- FXI Trix (9, 8),

- STO JMA (with moving average 11),

- Trend Friend Follow (MACD EMA 1, EMA 2).

 

Trading Conditions

 - Chart Timeframe : 15 Minute, 30 Minute, 1 Hour.

 - Currency Pairs : Major Pairs

 

Long Position Entry : 

1.     The FXI trix indicator must appear and a buy arrow shows up to confirm.

2.     STO JMA indicator must cross upward.

3.     Trend Filter indicator with green circle on the same timeframe or higher,

4.     Trend Friend indicator three arrows green on the same timeframe and 2 or 3 arrows green on the next timeframe.

 

Short Position Entry : 

1.     The FXI trix indicator appears and a sell arrow shows up to confirm.

2.     STO JMA indicator must cross downward.

3.     Trend Filter indicator with red circle on the same timeframe or higher,

4.     Trend Friend indicator three arrows red on the same timeframe and 2 or 3 arrows red on the next timeframe.

 

Exit Rules : 

- Profit Option 1 : Time Frame 15-30 min at the levels of the SDX pivot points

- Profit Option 2 : 1 Hour timeframe is at 12-18 pips.

- Stop Loss Option 1 : on the previous swing or at 20 pips

 

How to install Files?

- Download *.zip file.

- Copy tpl file (Template) to your Metatrader Directory / templates /

- Start or restart your Metatrader

- Select Chart and Timeframe where you want to test your forex strategy

- Right click on your trading chart and hover on “Template”

- Move right to select Template

- You will see Trading System strategy is available on your Chart

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