Free Forex Systems (MT4), Trend Following Systems

Fiber Forex Scalping Strategy

Fiber Forex Scalping Strategy is a trend-oriented short-term trading system. It has been developed based on a dual-signal filtering system that signals for both entries and exits while trading in the market. This strategy also offers great simplicity in Fiber scalping and offers good advantages for newbie traders.

Fiber Forex Scalping Strategy has been created to trade the Euros, also known as “Fiber’ around the trading world. Since the EURO mostly remains volatile during buy market hours, this system helps traders to filter and pick the best short-term signals. As a scalping strategy, you may apply it for M1 to M15 timeframe charts within the MT4 platform.

Fiber Forex Scalping Strategy Overview

After the installation of the Strategy at your MT4 terminal, your chart will appear like the following image:

Fiber Forex Scalping Strategy Overview

Fiber Forex Scalping Strategy Explanation

Fiber Forex Scalping Strategy Explanation
  • Slope Direction Line: Slope Direction Line works mostly like moving averages. But it reacts quicker than MAs and changes its colors whenever there is a change in the market trends so that traders can easily understand the trade signals. The bearish and bullishness of the trend depends on either price is closing above or below the indicator slope.
  • Instantaneous Trends: It produces the crossover signals between two specially configured MAs. The fast MA (Blue) moves above the slower MA (Red) represents the bullish crossover signal. On the other hand, the fast MA moves below the slower one when there is a bearish crossover representing the downtrend of the market.

Also Try: RoboForex Broker

Fiber Forex: Buy Conditions

Fiber Forex Buy Parameters
  • Slope Direction Line turns blue with price closing above its level
  • Instantaneous Trends plots the bullish crossover signal
  • Buy triggers when the above conditions are met
  • Set stop loss below the current Slope Direction line level
  • Exit long/take profit whenever the indicator turns red and Instantaneous Trends plots bearish crossovers

Fiber Forex: Sell Conditions

Fiber Forex Sell Parameters
  • Slope Direction Line turns red with price closing below its level
  • Instantaneous Trends plots the bearish crossover signal
  • Sell triggers when the above conditions are met
  • Set stop loss above the current Slope Direction line level
  • Exit short/take profit whenever the indicator turns blue and Instantaneous Trends plots bullish crossovers
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I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that 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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About Trend Following System

Trend Following System's goal is to share as many Forex trading systems, strategies as possible to the retail traders so that you can make real money.

Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.