• Home
  • About
  • Contact

Forexobroker

Download Our Forex Strategies and Indicators

  • Daily Forecast
  • Tradingview Tools
  • Courses
  • 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

Trend Momentum Scalp System

June 23, 2016 by Dominic Walsh Leave a Comment

Trend Momentum Scalp System is a forex trading system. It is a scalping forex trading system. Time frames like 1 minute, 5 minute, and 15 minutes are suitable for scalping. The Trend Momentum Scalp System is a very simple trading system; it consists of six technical indicators. There are four technical indicators in the main chart window and two other in the indicator window. This system is a trend following system and allows you to ride the small up swings.

Money management is very crucial to trade successfully in forex market. Stop loss is mandatory. Holding on losing trade for too long and booking profits too soon is the common mistake made by the traders. While trading with Trend Momentum Scalp System you can avoid these common mistakes by strictly following the rules of the system.

When Trend Momentum Scalp System is correctly installed on your trading platform, your chart should look like this:

Trend Momentum Scalp System

  • Moving Average

There are two moving averages used in Trend Momentum Scalp System. One is a 20 period exponential moving average and another one is 7 period exponential moving average. The aqua color moving average moves faster than the golden color moving average. The buy/sell signal is generated when the crossovers of these two moving averages occur.

  • MFI Meter

MFI Meter is a technical indicator which consists of green and red bars. The green bars indicate the buying signal while the red bars indicate the selling signal.

  • FxGlow RSI Filtered

FxGlow RSI Filtered consists of blue and pink bars. Blue bars indicate bullish signal while the pink bars indicate the bearish signal.

Buying Conditions Using Tremd Momentum Scalp System.

Trend Momentum Scalp System

  • Aqua color moving average should be above the golden moving average.
  • MFI Meter indicator should form green bars.
  • FxGlow RSI Filtered indicator should form blue bars.
  • Daily candle (big candle on the extreme right) should be green.
  • 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 aqua color moving average falls to touch the golden moving average.

Selling Conditions Using Trend Momentum Scalp System.

Trend Momentum Scalp System

  • Aqua color moving average should be below the golden moving average.
  • MFI Meter indicator should form red bars.
  • FxGlow RSI Filtered indicator should form pink bars.
  • Daily candle (big candle on the extreme right) 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 aqua color moving average rises to touch the golden moving average.

Open demo account to test this system.

Download Free Forex Trend Momentum Scalp System

Download Free Trend Momentum Scalp System

Filed Under: Free Metatrader Systems Tagged With: bar indicator, line 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

  • January 2023 (6)
  • December 2022 (7)
  • November 2022 (19)
  • October 2022 (20)
  • September 2022 (27)
  • August 2022 (13)
  • July 2022 (4)
  • June 2022 (2)
  • May 2022 (2)
  • April 2022 (3)
  • March 2022 (5)
  • February 2022 (3)
  • January 2022 (5)
  • December 2021 (1)
  • November 2021 (3)
  • October 2021 (3)
  • September 2021 (2)
  • August 2021 (1)
  • July 2021 (1)
  • June 2020 (7)
  • May 2020 (6)
  • April 2020 (7)
  • 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 (11)
  • August 2018 (5)
  • July 2018 (6)
  • June 2018 (3)
  • May 2018 (6)
  • April 2018 (2)
  • March 2018 (9)
  • February 2018 (8)
  • January 2018 (10)
  • December 2017 (10)
  • 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 (29)
  • 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

  • Daily Forecast
  • Tradingview Tools
  • Courses
  • 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.”

© 2015-2023 Forexobroker

Copyright © 2023 · Magazine Pro Theme on Genesis Framework · WordPress · Log in