Trend Momentum Scalp System

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:

• 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.

• 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.

• 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