TFX Obos Scalping Trading System MT4 is one of those few scalping forex trading strategies that actually work. TFX Obos is popular because of its efficiency. TFX Obos scalping forex trading system is best because it combines dynamic forex indicators and generate fantastic trading signals. You will be surprised to hear that this scalping strategy has winning ratio of above 90%. Since you are on trendfollowingsystem.com we talk only about trend following strategies. And this is a trend following scalping system. I warn you to not take trade against the trend of the market.
TFX Obos Scalping Trading System
When you install TFX Obos Scalping Trading System in your MetaTrader 4, your chart should look similar to this:
|Time Frame||Currency Pairs||Number of Indicators||Ratings|
|M1 and M5||Major Pairs||3||9.8/10|
TFX Obos Scalping System Anatomy
In fact this forex trading system contains 6 forex trading indicators but I’ve only focused on three major indicators as they are enough to make money from the market.
- TFX Trend Bars
TFX Trend Bars are the blue and pink bars that you see in the main chart window. Blue bars indicate bullish market while the pink bars indicate bearish market condition. That means you should be buying only when these bars are blue and sell when the bars are pink.
- Buy Sell Magic
Buy Sell Magic indicator is the dotted blue and red averages that you see above and below the market. When this indicator forms blue dots it’s a bullish scenario and vice versa.
This indicator also forms green and red arrows. Green arrows indicate buy signal while red arrows indicate selling signal.
- TFX Obos Oscillator
TFX Obos Oscillator is an oscillator indicator that you see in the indicator window. When this indicator is up trending it indicates buying and vice versa.
TFX Obos Scalping Trading System: Buy Parameters
- Currency pair should be trending upward on the timeframe you are watching.
- TFX trend bars indicator should form blue bars.
- Buy Sell Magic indicator should form green arrow.
- Buy Sell Magic indicator should form blue dots.
- TFX Obos oscillator should be up trending.
- Buy at the market rate when above parameters are met.
- Put your stop loss below the recent support level.
- Book your profit when Buy Sell Magic indicator forms red arrow.
Brilliant Fx Trading Indicator: CAP Channel Trading Indicator
TFX Obos Scalping Trading System: Sell Parameters
- Currency pair should be trending downward on the timeframe you are watching.
- TFX trend bars indicator should form pink bars.
- Buy Sell Magic indicator should form red arrow.
- Buy Sell Magic indicator should form red dots.
- TFX Obos oscillator should be down trending.
- Sell at the market rate when above parameters are met.
- Put your stop loss above the recent resistance level.
- Book your profit when Buy Sell Magic indicator forms green arrow.