PB Forex Signal Scalping Strategy For MT4

PB  Forex Signal Scalping Strategy For MT4

The PB Forex Signal Scalping Strategy For MT4 is a Bright channel based indicator. As you might have traded with any other price channel, the basic logic behind such method is to look for reversals when price moves to the upper or the lower price channel bands. Therefore, there PB Forex signal strategy follows the same logic.

Although there are only a few indicators used in the PB Forex signal strategy, the trading template that comes with this method is quite heavy. This is largely due to the fact that it makes use of the quick simple change or indicator. This is the indicator that is responsible for plotting the buttons on the right corner of the price chart. Using this indicator, you can quickly navigate between different instruments. However, this tremendously slows down the performance of your trading terminal and therefore we recommend that he should remove this indicator from the strategy.

It does not add any value to the trading system per se and it also keeps the trader from over trading or getting confused with too many positions. The main indicator used in the PB Forex signal strategy is of course the TMA indicator. This is the indicator that is responsible for plotting the price channel.

Traders should be paying attention to both the slope of the TMA indicator as well as the reversals that appear. When there is a reversal, that is the 2nd indicator which is responsible for plotting the up and down arrows near the price channel lines. This suggest when there is a reversal going to happen and therefore allows the traders to potential trading opportunities.



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Finally, in the PB Forex signal strategy we also have an indicator in the sub window this is called the Hales visual indicator. This is an indicator which resembles a regular MACD along with an additional signal line. Buy and sell signals can be confirmed depending on the bullish and bearish crossovers of both the signal lines and the histogram as well.

Let's now take a look at how you can trade long and short positions using PB Forex signal strategy for MT4.




PB Forex Signal Scalping Strategy For MT4 – Long positions




To take long positions using the PB Forex signal strategy, wait for price action to fall to the lower channel line of the TMA indicator. Following this, you should then wait for price to either break out from the lower channel or to make a reversal here. Regardless of what happens here, you should be looking at least three upward pointing arrows showing up.

Once you see this, you can then take a long position at market. Set your stop loss to the recent swing low that has formed. For your take profit level identify the immediate upper price channel of the TMA indicator and set your take profit to this level.

Same time when there is a reversal happening, you should also look to the indicator in the sub window. Here the indicator should already have at least the two signal lines making a bullish crossover. It is also ideal if the histogram indicator is already above zero. But this is not the case all the time. Therefore, you could look for a validation for at least one of these two signals.

With that TMI indicator, it is also ideal to see the slope of this price channel. Ideally in a long position, that TMI indicator should be sloping upward. This will suggest that the market momentum is also to the upside and therefore any movements to the downside will see a reversal sooner or later.




PB Forex Signal Scalping Strategy For MT4 – Short positions




To take short positions using the PB Forex signal strategy, wait for price action to rise to the upper channel line of the TMA indicator. Following this, you should then wait for price to either break out from the upper channel or to make a reversal here. Regardless of what happens here, you should be looking at least three downward pointing arrows showing up.

Once you see this, you can then take a short position at market. Set your stop loss to the recent swing high that has formed. For your take profit level identify the immediate lower price channel of the TMA indicator and set your take profit to this level.

Same time when there is a reversal happening, you should also look to the indicator in the sub window. Here the indicator should already have at least the two signal lines making a bearish crossover. It is also ideal if the histogram indicator is already below zero. But this is not the case all the time. Therefore, you could look for a validation for at least one of these two signals.

With that TMI indicator, it is also ideal to see the slope of this price channel. Ideally in a short position, that TMI indicator should be sloping downwards. This will suggest that the market momentum is also to the downside and therefore any movements to the upside will see a reversal sooner or later.




Is PB Forex Signal Scalping Strategy For MT4 profitable?


The PB Forex signal strategy is merely a simple price channel based reversal trading system. There is nothing really unique about this trading strategy and there is a good chance that we have already covered this type of our trading system in one of the previous articles. Perhaps the only thing that makes the PB Forex signal strategy unique is the fact that it also makes use of the instrument buttons on the right corner of the price chart.

This comes from the symbol changer indicator. However, it slows down the performance of your trading terminal quite quickly. Therefore we recommend that you do not make use of this indicator and once you load the template, you should remove the simple changer indicator which will help you to speed up the performance of your trading system as well as make your charts less cluttered.

The buy and sell signals that come based off the PB Forex signal strategy are quite simple to use and therefore this is a trading system that is also quite beginner friendly.

Download the complete system description and the files here:

FREE PB Forex Signal Scalping Strategy

Download the FREE PB Forex Signal Scalping Strategy for MT4.

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