15 Pips Scalping Strategy is a forex trading system. 15 pips Scalping Strategy is a very simple forex trading strategy. 15 Pips Strategy is a trend following forex trading strategy. 15 pips strategy forex trading system comprises of three technical indicators in total. Indicators in the main chart window guide you by generating buy and sell signals while indicators in the indicator window helps to verify those signals. Since it is a scalping forex trading system it should be used in timeframes which are suitable forex scalping. You can use timeframes like 5 minutes, and 15 minutes.
When you install 15 Pips Scalping Strategy in your trading platform, your chart should look like this:
- Arrows Curves
Arrows Curves indicator looks like Bollinger band indicator. The upper band works like a resistance and lower band works like a support.
There are orange and purple arrows in the main chart. Purple arrows indicate buying signal and orange arrow indicate selling signal.
Geyser indicator consists of green and red bars. Green bars indicate bullish signal and red bars indicate bearish signal.
Buying Conditions Using 15 Pips Scalping Strategy.
- Market should be up trending.
- Market should be bouncing from arrows curves indicator.
- A purple arrow should appear on the chart.
- Geyser indicator should form green bars.
- Place your long position as soon as above conditions are met.
- Place your stop loss just below the recent swing low.
- Take your profit when a orange arrow appears above the market.
Selling Conditions Using 15 pips Scalping Strategy.
- Market should be down trending.
- Market should be falling from arrows curves indicator.
- An orange arrow should appear on the chart.
- Geyser indicator should form red bars.
- Place your short position as soon as above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profit when a purple arrow appears below the market.
Download Free Forex 15 Pips Scalping Strategy
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