Instant Trend Line Filter Scalping MT4 is a trend following scalping forex trading system. I found this forex trading strategy very useful to scalp in the forex market. This forex trading strategy is very clean and generates very objective trading rules. The indicators are well optimized to trade in forex market. This forex trading proved promising during its back testing process. As this forex scalping system is concerned with trend of the market it is highly recommended that you trade in trending market environment only.
Instant Trend Line Filter Scalping Overview
|Currency Pairs||Time Frame||Number of Indicators||Ratings|
|Any pair||M15 and M30||3||9.7/10|
There are three major indicators in this trading system which assist you to make sound trading decisions. Always remember that I am more concerned with making trading system easier and effective. Hence to make trading strategy look simple and effective I may give easy to remember name rather than the original name of the indicator.
- Heiken Ashi Bars
Heiken Ashi Bars used in this system are used to filter the trend of the market. Consistent formation of red bars indicate downward trend and continuous formation of purple bars indicate bullish signal.
- Moving Average
There are two moving averages used in this forex trading system although they have different names. The red moving average is a faster moving average while green moving average is slower one. Crossover of these two creates buying and selling signal.
GoldMiner indicator comprises of green and red bars. Green bars suggests bullish sentiment while red bars suggests bearish.
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Instant Trend Line Filter Scalping: Buy Parameters
- The general direction of the market should be up trending.
- Red moving average should cross above the green moving average.
- Heiken Ashi bars should be of purple color.
- Goldminer indicator should form green bars.
- Buy from the market when above parameters are met.
- Place your stop loss below the recent swing low.
- Book your profit when Goldminer indicator forms red bars.
Instant Trend Line Filter Scalping: Sell Parameters
- The general direction of the market should be down trending.
- Red moving average should cross below the green moving average.
- Heiken Ashi bars should be of red color.
- Goldminer indicator should form red bars.
- Sell from the market when above parameters are met.
- Place your stop loss above the recent swing high.
- Book your profit when Goldminer indicator forms green bars.