Precision Scalping Trading System was developed by the Forex traders. It is an easy to use trading system and mainly depends on the Zwuk MA indicator.
It is designed to be used when scalping the AUD/USD, EUR/USD and the GBP/USD currency pairs. When using this scalping system, you should use the 5 minute time frame.
It was intended for use in the London and New York Trading Sessions.
The New York session opens at eight am and closes at five pm of the EST time zone while the London opens at three in the morning and closes at twelve noon EST (EDT). Therefore there are some hours when the London and the New York sessions overlap since when the New York open it finds the London session still open. The two sessions overlap between 8:00 am and 12:00 noon EST (EDT).
Trading the currencies involved in the London and New York during the time the two trading sessions overlap give the best returns. For example, trading GBP/USD currency pair would give good results between eight in the morning and twelve noon EST when two markets for those currencies are active. The main reason for this is because at those overlapping trading hours there is the highest volume of trades and therefore more chances to win in the foreign currency exchange market due to the volatility of the market prices.
It incorporates several indicators which includes:
- The precision Trend indicator
- The Zwuk MA indicator
- Fibo Pivot indicator
- Pro FX 8 indicator
- The fractional indicator
The template comes with Bar chart as its default setting but you may change it to candlesticks by clicking the candlestick’s button ones you loaded the template. Once this is done the chart appears as shown in the chart below.
Fig.1. The tempalte of the Precision Scalping Trading System.
The fractional indicator has two components that appear on the trading chart; there is the fractional up and fractional down arrows. This two arrows show the direction of the market. The fractional up arrow shows an upward short term trend is completed while the downward arrow shows a short term down trend is over. This indicator is best suited for use in the 5 minute timeframe for accuracy reasons. If you look at the chart above you can notice that it occurs very often depending on the change of the short term trend in the market. Also it is quite clear that the arrows appear exactly at the end of a trend.
The precision trend indicator appears on the candlesticks as lines of the same color as the border of the candle stick.
How to use the Precision Scalping Trading System to trade.
The trader should enter a buy order only when the Zwuk MA green arrow appears and then it is confirmed by the green precision trend indicator.
The trader should enter a buy order only when the Zwuk MA red arrow appears and then it is confirmed by the red precision trend indicator.
Fig.2. How to trade using Precision Scalping Trading System.
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