Forex X-Scalper Strategy has appeared as a blessings to the modern day trading scalpers. It is a trend following trading system and takes care of whole day market analysis to find possible high potential trade entries. Thus, it allows you to save more time to do other jobs and presents you more relaxing trading environment every day.
Forex X-Scalper Strategy contains numbers of trading indicators and templates which you need to understand but once you master them you are on your way to make more profitable entries. This strategy is suitable for scalping and day trading purposes. You can apply it on any Forex currency pairs and on any time frame charts in between M15 to H4.
Forex X-Scalper Strategy Overview:
Once you you’re done with installing X-Scalper strategy, load it in your mt4 system, your chart will appear as the following image:
|Time Frame||Currency Pairs||Indicator Factors||Ratings|
|M15 to H4||Any||7||9.8/10|
Forex X-Scalper Strategy Anatomy:
- Super Signal: This indicator appears at the main chart window which displays the current trend status in a very straight forward manner with it’s up and down signaling arrows.
- Bollinger Bands: This tool uses upper, lower and a middle channel to scale the possible range of the current momentum to determine both entry and exit levels.
- Heiken Ashi: Heiken Ashi appears as the price bars. It indicates the strength of the current momentum with the change of its color. Red signals bearish and white color indicates bullish strength of the momentum.
- Moving Average: This strategy uses a 5-day period Moving Average to identify the sort-term trend as correctly as possible.
- Trend Arrow: Trend Arrow shows the status of mid-term trend with its series of signaling arrows as marked on the chart. With the combination of other trend following indicators it produces strong trend signals.
- Stochastic Oscillator: It is used to identify the overbought and oversold areas of the market. It also points you out the possible trade exit areas of the market.
- FX Scalper: It uses 25 period of respective time frame data to analyze the current trend condition. It assists other trendy indicator to identify the trend with better correction.
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Forex X-Scalper Strategy: Buy Parameters
- Signal Arrow is green and pointing upwards
- Price bouncing upwards from lower or mid Bollinger Band line
- Heiken Ashi is white
- Price is above the Moving Average line
- Trend Arrow pointing upwards
- Stochastic Oscillator is not in overbought condition with bullish crossover
- FX Scalper turns green
- Exit the trade whenever Super signal shows red downward arrow and Stochastic Oscillator showing overbought condition with bearish crossover
Forex X-Scalper Strategy: Sell Parameters
- Signal Arrow is red and pointing downwards
- Price bouncing downwards from upper or mid Bollinger Band line
- Heiken Ashi is red
- Price is below the Moving Average line
- Trend Arrow pointing downwards
- Stochastic Oscillator is not in oversold condition with bearish crossover
- FX Scalper turns red
- Exit the trade whenever Super signal shows green upnward arrow and Stochastic Oscillator showing oversold condition with bullish crossover