The Scalping System with I-Gentor (LSMA and EMA) was developed in 2015. It is one of the most profit making Forex trading strategies ever developed so far. Also, it is very simple to use and it is recommended even to the Forex beginners. It displays everything that the trader needs to know for him or her to place or exit an order.
This trading system is designed for trading using the 15 minutes time frame only. The reason behind this is mainly because the trading system was designed for scalping and scalpers should close their orders after a short time; they don’t keep the order running for a long time.
This trading system uses a combination of indicators which include: I-Gentor (LSMA and EMA),!FT PDV$FLv1 indicator, Support and Resistance indicator and Daily pivot indicator.
Fig.1. Snapshot of the Scalping System with I-Gentor (LSMA and EMA).
The I-Gentor (LSMA and EMA) indicator is displayed on a separate window below the main trading window. Its window has a vertical scale from -3.3 to 3.3. The indicator is responsible for drawing lines at the level of 3.3 and -3.3. The lines are discontinuous and vary in color between green and red.
The !FT PDV$FLv1 indicator on the other hand is displayed on the main trading chart. It forms a horizontal ladder like figure across the main trading chart. This ladder like figure has sections of maroon and purple.
The support and resistance indicator shows the support levels and the resistance levels.
The daily pivot indicator on the other hand show the pivot of the previous day.
Using Scalping System with I-Gentor (LSMA and EMA) scalping system are simple
- Placing the buy order/ long position
The trader should place a buy order when the two lines of I-Gentor (LSMA and EMA) are the same color of green, the ! FT PDV$FLv1 indicator ladder is purple and Resistance indicator are blue.
Placing a sell order/sell position
The trader should place a buy order when the two lines of I-Gentor (LSMA and EMA) are the same color of red, the ! FT PDV$FLv1 indicator ladder is maroon and Resistance indicator are red.
After placing the orders, the trader can use several exiting strategies. Below are three ways by which the trader can exit a position:
- When the prices hit the pivot levels. For the buy orders the order should be closed when the market prices hit/reach the next closest resistance level after placing the order. For the sell orders the order should be closed when the market prices reach/hit the nearest resistance level.
- The trader may also decide to use profit target levels of 7-14 pips depending on the currency pairs.
- The trader can also close the order when the upper line of I-Gentor (LSMA and EMA) changes. For the sell order, the trader should exit when the color changes from red to green while for the buy order, the trader should exit when the color changes from green to red.
Fig.2. Placing order using the Scalping System with I-Gentor (LSMA and EMA).
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