Golden Boy Strategy is a forex trading system. It is a scalping system. Golden Boy Strategy is a scalping forex trading system. It is one of the most powerful scalping systems out there. Successfully scalping in the market might be everyone’s dream but it’s not everyone’s cup of tea. But the good news is Golden Boy Strategy has made scalping job very easy and profitable at the same time. Golden Boy Strategy is a very simple trading system. You don’t need to know all the technical jargons to trade profitably with this trading system.
Golden Boy Strategy consists of five technical indicators in the main chart window and three indicators in the indicator window. When the Golden Boy Strategy is correctly installed in your metatrader, your chart should look like this:
- Slope Direction Line
Slope Direction Line is a custom made moving average that you see in the main chart above. The Slope Direction Line turns blue when the market is bullish and it turns red when the market is bearish.
- Entry Signal
The red and blue arrows you see in the chart are the entry signal indicators. When the blue arrow appears on the chart you should be buying and when the red arrow appears on the chart, you should be selling.
- GanCel
Gancelis the yellow line that you see in the chart. You should be buying only when the market is above this indicator and you should be selling only when this indicator is above the market.
- MACD
MACD is not a new indicator. The simple rule to use MACD is you should buy only when the MACD histogram is in positive territory and you should sell only when the MACD histogram is in negative territory.
- Hirurgia
There are green and orange bars in the Hirurgia indicator. You should know that market is bullish when the bars are green and market is bearish when the bars are orange.
Buying Conditions Using Golden Boy Strategy.
- A blue arrow should appear below the market.
- Slope Direction Line should be blue.
- The MACD indicator should be in positive territory.
- The Hirurgiaindicator 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 red arrow appears above the market.
Selling Conditions Using Golden Boy Strategy.
- A red arrow should appear above the market.
- Slope Direction Line should be red.
- The MACD indicator should be in negative territory.
- The Hirurgia indicator should form orange 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 blue arrow appears below the market.
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