T3 MA Forex Scalping Strategy For MT4
The T3 MA Forex Scalping Strategy For MT4 is an effective strategy to be used on all major currency pairs in the forex markets.
Almost every time frame is applicable for use except for the one-minute chart - it just works on the 5-minute time frame and all the higher time frames. This strategy is the epitome of simplicity when you get to the rules of it. Even though it is a simple strategy to deploy it does not warrant you to be reckless when it comes to money management.
Let us take a look at the indicators used in this system. The indicators used in this system are not so many -there is a TW trend signal indicator, a T3 MA indicator, a JRSX indicator, and an Autopivot line. The autopivot line is great because it automatically draws pivot point lines across the screen - and they work well for serving as a reliable guideline for setting both stop losses and take profit targets. The rules for trading this system are simply twofold by design, therefore, making this system not complicated to trade at all.
In order for you to place a short trade - the blue T3 MA has to be below the orange T3 MA. The TW trend signal indicator and the JRSX indicator have to be below the 50 level. That is all that is required for you to place a short trade.
The same but opposite rules apply to the long entry setup. In order for you to take up a long position - the blue T3 MA has to be above the orange T3 MA indicator. Both the JRSX and TW trend signal indicators have to above the 50 level. When those two conditions are in place you may open a long position. Your stop losses in both sell and buy instances should be ten to fifteen pips away from your entry position. The autopivot lines, as mentioned earlier - act a guideline for take profit targets. Which is the case here in this strategy.
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