Advanced 15 Minute Forex Scalping Strategy For MT4
The Advanced 15 Minute Forex Scalping Strategy For MT4 is a suitable trading system for intermediate and pro traders. This scalping method requires some complex indicators setup but the ROI is extremely good. Perky asctrend, Laguerre, MTF Psar, SHI Channel Fast, SHI Channel Force, TrendStrength, Demark indicator, and EJ Candle are used as the indicators.
All the indicators will be sequentially arranged to your chart once you set the ex4 files to the data folder. The designated time frame to use this strategy is the 15-minute chart. After loading up the tools, switch to the 15-minute chart and you can take reading to find your desired scalping options.
The large SHI channel will show a dominant uptrend. On the contrary, the small SHI channel and Demark tool will indicate a steady gain in the bullish momentum. Snakeforce, Trend strength, and Laguerre will suggest the go long on the asset. If any of these indicators tell you to go short, you should immediately discard the trade setups. It is critical that these three unique indicators always suggest you take the same trade. After the execution of the trade use the EJ Candle to determine the time-lapse for each trade. No matter what, you should not keep the trade open for more than 45 minutes. The stop will be 15 pips and the take profit is 30 pips.
The Large SHI channel will show a dominant downtrend. The small SHI channel and the Demark tool will highlight the strength of the sellers. Take look at the Snake force, Trend strength, and Laguerre. If it suggests you take the short trade, you can open a new short order. The SL for the trade will be 15 pips above the entry point. Take profit is 30 pips below the entry price.
The key problem the traders face while using this scalping method is overtrading. They start to trade too often even though they might not get the same reading from the Snake force, Trend strength, and Laguerre. By violating this simple rule, they are creating a big hole in the trade filter. As a result, the win rate drops to a great extent.
Download the complete system description and the files here:
Partially Automated Trading Besides Your Day Job
Alerts In Real-Time When Divergences Occur
