PFE Scalping High Frequency is a forex trading system which is designed to scalp in the forex market. The system has “high frequency” in its name because it generates the trading signals in high frequency. PFE Scalping High Frequency is suitable for those scalpers who love to trade very frequently in the market. This forex trading system generates crystal clear market signals and those signals can be perceived by any level of traders, so, technically, all levels of traders can use this scalping system to make money. Unfortunately, not all the traders have the mindset that a successful scalper requires. To be a successful scalper, you need to practice a lot. You should train your mind in the right way. Scalping becomes difficult because of the emotional factors that come in to it. Seeing the market going against you, and cutting your losses earlier is one of the hardest things to do for a scalper. Those who are not disciplined one, they hold their trade in the hopes of recovery but that won’t work. There are many such psychological difficulties one has to encounter when scalping in the market.
There are six technical indicators in the main chart window and an indicator in the indicator window. When PFE Scalping High Frequency forex trading system is loaded on your metatrader platform, your chart should look like this:
- Moving Averages
There are four Moving Averages used in this forex trading system. SMA 633, EMA 200, EMA 36, and EMA 12 are used in this forex trading system. These moving averages can be used to define the major direction of the market.
- HeikenAshi
HeikenAshiis special types of chart which basically has candles, but they are quite different from those ordinary candles. The OHLC prices of HeikenAshicandles are averaged form of the past candles.
- PEF
PEF is the major signal generator indicator of this system as this system displays the buy and sells arrows in the indicator windows. Red arrows indicates selling while blue arrows indicate buying.
Buying Conditions Using PFE Scalping High Frequency.
- Price should be above the all Moving Averages.
- Blue arrow pointing upward should appear in the PFE indicator window.
- 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 pointing downward appears in the PFE indicator window.
Selling Conditions Using PFE Scalping High Frequency.
- Price should be below theall Moving Averages.
- Red arrow pointing downward should appear in the PFE indicator window.
- 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 pointing upward appears in the PFE indicator window.
Open demo account to test this system.
Download Free Forex PFE Scalping High Frequency
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