PFE High Frequency Forex Scalping Strategy For MT4

PFE High Frequency Forex Scalping Strategy For MT4

The PFE High Frequency Forex Scalping Strategy For MT4 is effective on the 15-minute or the 5-minute time frame when trading the following pairs. EURUSD, GBPUSD, USDCHF, AUDJPY, USDCAD, and AUDUSD. It is a trend following trading system which relies on a group of EMAs to confirm the trend direction.

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The key indicator here in this trading system is the PFE indicator. Beyond that, there are indicators included such as four Exponential Moving Averages which have the following period configurations - 12-period, 36-period, 200-period, and 633-period. Then there is a pivot points indicator - the key purpose of this indicator is to identify a solid zone or level for establishing take profit targets.

A buy signal shows once the following conditions have come into effect - the following Exponential Moving Averages have to be lined up from top to bottom in the following order - 12-period, 36-period, 200-period, and 633-period EMA being the one at the bottom. Then the PFE indicator has to be more than zero. Enter when these conditions have been met. Furthermore, you can choose to re-enter the market when the price bounces off the 633-period EMA or the 200-period EMA but you need to ensure that the 12-period EMA is above the 36-period EMA.

On the contrary, a sell signal springs to life once the following conditions have come into effect - the following Exponential Moving Averages have to be lined up from the bottom up in the following order - 12-period, 36-period, 200-period, and 633-period EMA being the one above all the other EMAs. Then the PFE indicator has to be less than zero. Enter when these conditions have been met.
Furthermore, you can opt to re-enter the market when the price bounces back off from the 633-period EMA or the 200-period EMA but you need to ensure that the 12-period EMA is below the 36-period EMA.

Use the pivot point levels to determine the best possible place to place your take profit target at. Just bear in mind that this is a scalp trading system so numerically your take profit target will range from seven to 10 pips, this depends on which currency pair you are trading.

Download the complete system description and the files here:

FREE PFE High Frequency Forex Scalping Strategy

Download the FREE PFE High Frequency Forex Scalping Strategy for MT4.

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I'm Mike Semlitsch the owner of PerfectTrendSystem.com. My trading career started in 2007. Since 2013 I have helped thousands of traders to take their trading to the next level. Many of them are now constantly profitable traders. 

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