Precision Scalp Forex Scalping Strategy For MT4
The Precision Scalp Forex Scalping Strategy For MT4 is a straightforward scalp trading strategy to deploy in the markets. The pips which traders may gain is usually from six to a maximum of 10 pips.
Nevertheless, it is always best to capitalize on the six-pip take profit targets more especially when the spread of the currency pairs do not eat so much into the profitability of the trade taken. This strategy is tailored for the three main currency pairs - which are as follows - the AUDUSD, GBUSD and EURUSD.
The rules to the system are time sensitive - there are time filters included in this system meaning that it is only applicable to certain times within a trading day. More specifically, this system may only be traded during the New York and the London sessions. As for the indicator stack - well there are about six indicators built into this system. There is a Precision Trend indicator, a Zwuk MA indicator, a Fibo Pivot indicator, a Pro FX 8 indicator and then finally the fractal indicator. The main indicators which make up this strategy are the Precision trend and the Zwuk MA indicators.
The scalping rules for this system are basic - all the trader needs to do in order to enter a sell trade - is wait for the Zuk MA red arrow to appear which confirms the bearish trend along with the red state of the Precision trend indicator. Then with the buy entry - the trader has to ensure that the Zwuk MA shows a blue arrow which is to be confirmed by the green state of the Precision trend indicator.
The recommended take profit targets for this strategy on the AUDUSD, EURUSD and GBPUSD currency pairs are 6, 8 and 10 pips respectively. Then as for the stop losses, well it can be set below the last previous swing low for the long trade and then above the bar of the signal for a short trade. What helps along with these rules is to also be on the look out for Fibonacci pivot levels and Zwuk MA reversals - this also helps with defining the exit strategy framework.
Download the complete system description and the files here: