• Home
  • About
  • Contact

Forexobroker

Download Our Forex Strategies and Indicators

  • Strategies
  • Articles
  • Dom’s Forex Course
  • Metatrader 4 Indicators
    • Free Metatrader Indicators
    • Paid Metatrader Indicators
  • Metatrader 4 Systems
    • Free Metatrader Systems
    • Paid Metatrader Systems
  • EA’s
    • Paid Expert Advisors
  • Forex Brokers

Power Trade Formula Scalping

July 19, 2017 by Dominic Walsh Leave a Comment

Power Trade Formula Scalping is a forex trading system that is designed for the pure scalpers. Although this forex trading system can be used for swing trading purpose too, it is more focused on the scalping aspects of the trading. Power Trade Formula Scalping is a very clean and straightforward trading system. It is all concerned about making money in a consistent basis. Power Trade Formula Scalping is based on a trend following system. This forex trading system consists of very few yet very powerful forex trading indicators. In such types of trading system discipline is must to make money consistently as the rules are not difficult in it.

When you install Power Trade Formula Scalping in your trading platform, your chart should look like this:

  • Color Candles

Color Candles are the special kinds of charting which displays the average price action bars. The blue bars indicate uptrend market while the continuous red bars indicate bearish market. Therefore, you should be long only when these color candles are blue and you should short only when the canldes are red.

  • Special Moving Average

In this forex trading system you can see specialized moving average which changes its color as per the market direction. When the market is bullish you will see a blue moving average and when the market is bearish you will see red moving average.

  • A. Explosion

W.A. Explosion consists of histograms which consist of red and blue histograms. Blue histograms indicate bullish market conditions while the red bars indicate the bearish market conditions.

  • RSI Filter

RSI Filter comprises of red and blue bars. Red bars indicate bearish market conditions and blue bars indicate bullish market conditions.

Buying Conditions Using Power Trade Formula Scalping.

  • Market should be up trending.
  • Market should be bouncing from the recent swing low.
  • The color candles should be blue.
  • Special moving average should be blue.
  • The A. Explosion indicator should be blue.
  • The RSI Filter indicator should be blue.
  • 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 color candles turn red.

Selling Conditions Using Power Trade Formula Scalping.

  • Market should be down trending.
  • Market should be bouncing from the recent swing high.
  • The color candles should be red.
  • Special moving average should be red.
  • The A. Explosion indicator should be red.
  • The RSI Filter indicator should be red.
  • 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 color candles turn blue.

Download Free Forex Power Trade Formula Scalping Strategy

Forex Power Trade Formula Scalping Strategy

Our community traders work with XM.com brokerage company. If you are thinking to open demo or real forex trading account we recommend XM. They currently offer up to 5000$ bonus on your deposit find details below:

Open Forex Account

 

Open Forex Account

Filed Under: Free Metatrader Systems Tagged With: bar indicator

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Email
  • Facebook
  • Instagram
  • LinkedIn
  • Pinterest
  • RSS
  • Twitter
  • YouTube
Forexobroker

Archives

  • June 2022 (4)
  • May 2022 (9)
  • April 2022 (5)
  • March 2022 (7)
  • February 2022 (7)
  • January 2022 (7)
  • December 2021 (1)
  • November 2021 (4)
  • October 2021 (3)
  • September 2021 (4)
  • August 2021 (2)
  • July 2021 (1)
  • June 2020 (7)
  • May 2020 (7)
  • April 2020 (9)
  • March 2020 (7)
  • February 2020 (10)
  • January 2020 (3)
  • November 2019 (1)
  • September 2019 (3)
  • August 2019 (3)
  • June 2019 (1)
  • December 2018 (1)
  • November 2018 (4)
  • October 2018 (9)
  • September 2018 (14)
  • August 2018 (5)
  • July 2018 (8)
  • June 2018 (3)
  • May 2018 (9)
  • April 2018 (3)
  • March 2018 (10)
  • February 2018 (9)
  • January 2018 (13)
  • December 2017 (12)
  • November 2017 (14)
  • October 2017 (3)
  • September 2017 (3)
  • August 2017 (13)
  • July 2017 (25)
  • June 2017 (21)
  • May 2017 (20)
  • April 2017 (21)
  • March 2017 (15)
  • February 2017 (16)
  • January 2017 (18)
  • December 2016 (11)
  • November 2016 (21)
  • October 2016 (63)
  • September 2016 (24)
  • August 2016 (22)
  • July 2016 (16)
  • June 2016 (16)
  • May 2016 (16)
  • April 2016 (23)
  • March 2016 (29)
  • February 2016 (22)
  • January 2016 (22)
  • December 2015 (29)
  • November 2015 (28)
  • October 2015 (30)
  • September 2015 (41)
  • August 2015 (52)
  • July 2015 (47)
  • June 2015 (55)
  • May 2015 (50)
  • April 2015 (58)
  • March 2015 (22)

  • Home
  • About
  • Contact

Categories

  • Strategies
  • Articles
  • Dom’s Forex Course
  • Metatrader 4 Indicators
    • Free Metatrader Indicators
    • Paid Metatrader Indicators
  • Metatrader 4 Systems
    • Free Metatrader Systems
    • Paid Metatrader Systems
  • EA’s
    • Paid Expert Advisors
  • Forex Brokers

Visit Our Forex Strategies And Forex Indicators Below:

Forex Trading Strategies

Free Forex Indicators

Paid Forex Indicators

Paid Forex Strategies

“Our order process is conducted by our online reseller Paddle.com. Paddle.com is the Merchant of Record for all our orders. Paddle provides all customer service inquiries and handles returns.”

© 2015-2022 Forexobroker

Copyright © 2022 · Magazine Pro Theme on Genesis Framework · WordPress · Log in