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
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