Instant Trend line Filter Scalping is a forex trading system. The appropriate time frame for this trading system is 5 minute and 15 minutes. The instant trend line filter scalping is a pretty simple forex trading system. The Instant Trend line filter scalping can be used to trade in any pairs. Since this is a scalping system, its better to stick with the major. Other exotic pairs tend to have wide spreads. There are six technical indicators used in this trading system. However, using only two of them are enough.
When the Instant Trend line Filter Scalping is appropriately installed in your trading platform, your chart should look like this:
- Heiken Ashi
Heiken Ashi bars are formed by averaged price therefore; they tend to be smoother than the normal chart. Open, high, low, and close are obtained using the averaged price of previous candles.
- Gold Miner
Gold Miner is a technical indicator which is used as a filtering indicator. It filters the market and indicates you if the market is bullish or bearish. When the bars are red, it is an indication that the market is bearish and when the bars are green, it is an indication that the market is bullish.
Buying Conditions Using Instant Trend line filter Scalping.
- The bars of the Goldminer indicator should be green.
- The Heiken Ashi bars should be blue.
- A blue dot should appear below the market.
- 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 the Goldminer indicator turns red.
Selling Conditions Using Instant Trend Line Filter Scalping.
- The bars of the Goldminer indicator should be red.
- The Heiken Ashi bars should be red.
- A red dot should appear above the market.
- 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 the Goldminer indicator turns green.
Download Free Forex Instant Trend line Filter Scalping System
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