Predator Forex Scalping Strategy For MT4
The Predator Forex Scalping Strategy For MT4 is used for GBPUSD, AUDUSD, and EURUSD trade execution process. The reason for which we will be limiting the use of this scalping method to these three pairs is price stability. Compared to the other asset in the Forex market, the price is much more stable and provides less noise for the traders.
QQQE alert, Moving average and the squeeze indicator are embedded to the source file of this strategy. The settings of MAs and other indicators are done by default and it perfectly syncs with the movement of the mentioned asset. We will deeply this system only to trade the 15-minute chart in high volatility and 5-minute chart in low volatility.
For the long, the QQQE alert will give us the initial confirmation. The price will be trading higher than the 200 MA and the squeeze indicator will turn into blue. The 3 MA which is a part of the fast scalper method will also be blue. Note that you will get a bold blue arrow mark pointing up when the conditions are perfect to go long. The stop loss for this predator indicator is 8 pips and the take profit is 15 pips.
In the case of short, the QQQE alert will give us confirmation. The price must be trading below the 200 MA that means the trend will down for that specific time frame. The squeeze indicator will turn to crimson red. The 3MA fast scalper MA will be red for the ideal short. Execute the sell order with 8 pips stop and 15 pips take profit.
When the volatility is very high, the risk should be limited to 1%. In a stable market, you can take a 2% risk. However, the traders must be aware of the major news as it can create massive chaos and choppy price movement. And surviving with such tight stop in the choppy state is nearly impossible. Avoid the major news or any economic announcement to ensure the safety of the capital. Read a bit about the impact of major news on the EURUSD, GBPUSD, and AUDUSD, and scaling the lots will be much easier.
Download the complete system description and the files here: