Volcano Forex Scalping Strategy For MT4
The Volcano Forex Scalping Strategy For MT4 is intended for operation on the one-minute time frame when trading the EURUSD pair. This is the only pair where you could realize good results with using this trading method. Nevertheless, you can try other currency pairs - however - you should be mindful that that endeavor will inherently entail more risk.
In this system, we use weighted moving averages colored in pink and blue. Their periods are 120, 90, 60, and 40 respectively. These weighted moving averages are setup in such a way that they are able to make trend direction determination easy by just looking if they are pointing in the same direction. However, opening trades requires more information than that therefore there are other requirements included in this system to help us make proper buying and selling decisions in our trading.
Each buy and sell signal entails a twofold ruleset that informs our buying and selling trades. For opening a long trade, the rules stipulate that an up arrow must show and that all lines of the Weighted Moving Averages must slant in an upward direction hinting that the market is going up. Secondly, the pink Weighted moving average must be fairly tight, and the blue Weighted Moving Average should be wide.
Set your stop loss ten pips below your entry position – and your take profit should also be placed ten pips away from your buy position. For opening a sell trade, the rules stipulate that a down arrow must show and that all lines of the Weighted Moving Averages must slant in a downward direction hinting that the market is going down. Secondly, the pink Weighted moving average must be fairly tight, and the blue Weighted Moving Average should be wide.
Set your stop loss ten pips above your entry position – and your take profit should also be place ten pips away from your sell position. Ten pips is a great deal for a scalping system however you can only be able to collect these pips on a consistent basis once you master the rules of the actual trading system.
Download the complete system description and the files here:
Partially Automated Trading Besides Your Day Job
Alerts In Real-Time When Divergences Occur
