System for Forex trading “StepMA Forex Scalping”
As the name implies, this system is designed for scalping – short-term trading on Forex. This system gives accurate signals on any timeframe, but a five-minute chart is required for scalping. Trading is desirable at the most volatile time. This is usually the first half of the London session and the beginning of the American session. At other times, there are fewer signals and they are less reliable. Any currency pairs are suitable for work. The peculiarity of “StepMA Forex Scalping” system is that it is based on three non-standard indicators. The “StepMA” indicator is a modified moving average, in which several parameters are added, changing which you can optimize the indicator readings according to your trading preferences. In this system this indicator is implemented in Stochastics and displays an arrow of the corresponding color and direction. When the price of the “StepMA” indicator line crosses upwards, the blue arrow pointing upwards appears, indicating the entrance to the shopping area. When the price crosses the “StepMA” indicator line, a raspberry-colored arrow pointing downwards appears from the top to the bottom, indicating the zone of entry into the sale. Non Lag MA” indicator is a modified moving average with the period of 21 and changing color depending on the direction of price movement. The “BrainTrend2Sig” indicator shows the trend with red and blue arrows.
Example of opening a position to buy. The first condition is that the blue arrow of the “BrainTrend2Sig” indicator appears. Then the “Non Lag MA” indicator line should become blue. Buy after the red line crosses the stochastics upwards and the blue arrow of the “StepMA” indicator appears. We set the stoploss below the nearest minimum.
To enter the market, the red arrows of the “BrainTrend2Sig” indicator should appear. The “Non Lag MA” indicator line should be red. Sell after the red line crosses the stochastics downwards and the red arrow of the “StepMA” indicator appears. Set the stoploss above the nearest maximum.
In most cases, positions are closed when the “Non Lag MA” indicator changes its color. However, fixed takeprofit or trailing stop can be used. Due to the specifics of the system, see which scalping brokers offer the best conditions.
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