Extreme Scalping Forex Trading System

Extreme Scalping Forex Trading System is a trend following trading system. It was originally designed to trade on 1 minute timeframe. It can be used to trade on other time frames to make money on consistent basis. It did very well when I tested over wide range of time frames. Since Extreme Scalping is a trend following forex trading system it should be used in trending market conditions only. This trading system might not do well when trading in a stagnant market so it is highly recommended that you trade on trending market only.

Extreme Scalping Forex Trading System Overview

Time FramePairsNumber of IndicatorsRatings
AnyAny49.7/10

When you put Extreme Scalping forex trading system in your metatrader your chart should look like this:

Extreme Scalping
Extreme Scalping

 

This forex trading system consists of three indicators in the main chart and an indicator in an indicator window.

Trend Scalping System Indicator Overview

Extreme scalping indicators
Extreme scalping indicators
  • Carmen’s eye

Carmen’s eye is an average based indicator which works in a similar mechanism of moving average.

  • LSMA

LSMA indicator is a customized moving average which moves above/below the moving average.  When the market is up trending this indicator is green and when market is down trending this indicator is red.

  • THV Gann

THV Gann is a very short term moving average. It is best when you trade in the direction of this indicator. Actually it is a moving average.

  • DSS

DSS is an oscillator based forex trading indicator. You should be buying only when this indicator is blue and you should be selling only when this indicator is red.

You Must Read: The Best Forex Trading Strategy Ever

Extreme Scalping Trading System: Buy Parameters

Extreme scalping buy parameters
Extreme scalping buy parameters 
  • Market should be up trending.
  • Carmen’s eye indicator should be below the market.
  • LSMA indicator should be green.
  • Market should be above the THV Gann
  • DSS should be blue.
  • Execute a buy position when you all of the above conditions are met.
  • Place your stop loss just below the recent swing low.
  • Take your profit when market crosses below the above indicators.

Extreme Scalping: Sell Parameters

Extreme scalping sell parameters
Extreme scalping sell parameters
  • Market should be down trending.
  • Carmen’s eye indicator should be above the market.
  • LSMA indicator should be red.
  • Market should be below THV Gann
  • DSS should be red.
  • Execute a sell position when you all of the above conditions are met.
  • Place your stop loss just above the recent swing high.
  • Take your profit when market crosses above the above indicators.
Download Extreme Scalping System
Download Extreme Scalping System 

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I have been actively trading stocks and currencies since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund which has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

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