FX Scalping is a forex trading system developed for scalping purpose. It is fantastic scalping system and it has got everything that a robust forex trading system requires. FX scalping is a very special one because it generates trading signal on different levels. I mean you have more than one indicator to notify you about the buy and sell signal. When you have multiple indicators giving you buy and sell signals at the same time you will feel confident about your trading and most importantly it will optimize your trades. The Fx Scalping system is very clean and easy to get used to.
FX Scalping Overview
A snapshot of FX Scalping looks like this:
|Time Frame||Currency Pairs||Number of Indicators||Ratings|
This forex scalping was designed to trade on 30-Minute timeframe, so it is highly recommended to trade on M30 time frame only. You can trade major pairs and it has 4 indicators in it.
FX Scalping Indicators
FX Scalping Indicators
HMA is one of the major indicators of this forex trading system as it helps to generate the signals. HMA is simply a Heiken Ashi bars with purple and red color candles. The purple bars indicate bullish signal while the red bars indicate bearish candles. Hence you should long the pair only when the bars are purple and sell only when the bars are red.
- ZigZag Arrow
ZigZag Arrow comprises of green and red arrows formed based on zigzag indicator. This indicator helps to figure out the reversal point and lets you know potential entry and exit levels.
StepMA is a filtering indicator. This indicator has blue and red bars. Blue bars indicate favorable buy position while the red bars indicate good time for selling.
QQE indicator has two oscillators. Blue oscillator and dotted oscillator. The crossovers of these two oscillators can tell you a lot about the momentum of the market. When the blue oscillator crosses above the dotted oscillator, it means the momentum has increased on the upside and vice versa.
Although these indicators generate buy and sell signals and filter them some manual work has to be done too. Like, you should figure out the major trend of the market by yourself. I mean you should not execute your buy position even if the system tells you if the major trend on M30 is down.
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FX Scalping System: Buy Parameters
Fx Scalping System Buy Parameters
- Market should be trending upward on M30 timeframe.
- HMA indicator should form purple bars.
- ZigZag arrow indicator should form green arrow on the recent support.
- StepMA indicator should form blue bars.
- The blue oscillator of QQE indicator should be above the dotted oscillator.
- Execute your buy position when above parameters are met.
- Keep your stop loss below the recent support level.
- Book your profit when HMA indicator turns red.
FX Scalping System: Sell Parameters
- Market should be trending downward on M30 timeframe.
- HMA indicator should form red bars.
- ZigZag arrow indicator should form red arrow above the recent resistance.
- StepMA indicator should form red bars.
- The blue oscillator of QQE indicator should be below the dotted oscillator.
- Execute your sell position when above parameters are met.
- Keep your stop loss above the most recent resistance level.
- Book your profit when HMA indicator turns blue.