The 15 Pips Forex scalper system is an excellent strategy to trade short-term trend reversals. This method consists of a trend line and a few indicators to predict where to buy and to sell in the fast-moving currency market.
How To Use The System:
First of all buy Setup.
- Appears blue up arrow.
- Free Scalping Indicator displays a green bar.
- Opening the Long position on the next candle.
- Take Profit of 15 pips.
- Loss is set at the bottom of the green line indicator Arrows and Curves
Strategy To Use 15 Pips Forex Scalping System:
Long Entry Rules
Enter a buy order if the following chart or indicator pattern takes center stage:
- If the price falls above the trend line after recording its latest lower highs, it signals a possible bearish reversal. Meanwhile, for the sake of the strategy, such highs are recorded i.e. the black horizontal line is drawn to depict this.
- Price is higher hence a trigger to buy the pair of focus.
- Stop for Buy Entry: Place the stop loss 2 pips below immediate support.
Exit Strategy/Take Profit for Buy Entry
- Our target for this trade is 15 pips after confirming a breakout if conditions 1 & 2 are adequately met.
- If the price falls below the trend line after Conditions 1 & 2 have been met, then an exit or take profit is advised.
- If the deep pink line of the Volume Weighted MA.ex4 custom indicator crosses the blue line of the VR moving average.ex4 custom indicator top downward, it is a trigger to exit or take profit at once.
Sell Entry Rules
Initiate a sell in the market if the following holds true:
- If price closes below the trend line after recording its most recent higher lows tested by the trend line, it signals a possible bullish reversal. Meanwhile, for the sake of the strategy, such lows are recorded i.e. the black horizontal line is drawn to depict this.
- Price is downside, hence a trigger to sell the currency of focus.
- Stop for Sell Entry: Place stop loss 2 pips above immediate resistance.
Exit Strategy/Take Profit for Sell Entry
- The target for this trade is 15 pips after confirming a breakout if conditions 1 & 2 are fully met.
- If price rises above the trend line after Conditions 1 & 2 have been met, then an exit or take profit is advised.
- If the deep pink line of the Volume_Weighted_MA.ex4 custom indicator crosses the blue line of the vr_moving_average.ex4 custom indicator bottom up, it is a trigger to exit or take profit at once.
