Stocycle Scalping System For MT4

Stocycle  Scalping System For MT4

The Stocycle Scalping System For MT4 is a very simple to use and trading forex trading system. We used this trading system on a 30 minute chart and the trading results are quite good. The stocycle scalping forex trading system is one of those trading systems that prove the point that in order to be successful, you do not need to use multiple indicators on your trading system.

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As you will discover in the later parts of this article, the trading rules are quite simple. The template is also very light weight and can be used on multiple charts to monitor and trade them as you need.

On the main price chart, we have the HighLow middle indicator. This is a custom channel indicator, which as the name suggests, plots the high, low and mid point on the price chart. These levels are your guard rails and are potential entry and take profit levels.

Following this indicator, we only have one oscillator. The StoCycle oscillator is a rather unique oscillator. It is made up of just one line that moves between the levels of 10 and 90. There are some dots that are printed on the oscillator. When these dots appear, they tend to conincide with the turning points in the price.

While this has a default setting of 48, you can increase it to higher number. This will in turn make the indicator to plot historical values as well, so you can see how it works.

Coming back to the high low indicator, note that prices don't always reach the high all the time, or the low all the time. In many cases, you will see that price often bounces off the middle line. As a result, pay attention to this mid line because it comes our area of going long or short as well as the price area for taking the profits.

The Sto cycle indicator is also prone to plotting dots multiple times. Therefore, you should not trust the signals from this indicator only by iteslf. We will need to combine the informaton coming from the high low indicator on the price chart along with the sto cycle indicator in order to plot the signals.

You can also experiment by adding some custom indicators of your choice on the price chart. But do not end up using too many indicators on the price chart as it could clutter your chart and make price ending up too noisy. Let's now take a look at how you can trade using the stocycle scalping forex trading system.

The stocycle scalping forex trading system – Long positions




To take a long position using the stocycle scalping forex trading system, start by looking at price trading near the middle band. Alternately, you can also look for a short position if you see that price is trading near the lower band. But this might not be the case all the time.
In this example for long position, we take the trade in the middle of the trend. You will notice how price is trading close but a few points below the middle line. This is perfectly fine as well.

Once price is trading near the middle or lower band, look to the sto cycle indicator. We need to see the cycle indicator plotting the dots near the low. This should coincide with price trading near the mid band or the lower band. Once you see this, wait for a bullish candlestick pattern or even a doji pattern.

Take a long position at the low of the candlestick while setting your stop loss a few points below the low of the candlestick. Use the immediate upper channel line as the take profit level. Do not adjust your take profit level even if the lower channel line moves down. Simply wait for price to reach the target and close out with a profit.

The stocycle scalping forex trading system – Short positions




To take a short position using the stocycle scalping forex trading system, start by looking at price trading near the middle band. Alternately, you can also look for a short position if you see that price is trading near the upper band. But this might not be the case all the time.

Once price is trading near the upper band, look to the sto cycle indicator. We need to see the cycle indicator plotting the dots near the high. This should coincide with price trading near the mid band or the upper band. Once you see this, wait for a bearish candlestick pattern or even a doji pattern.

Take a short position at the low of the candlestick while setting your stop loss a few points above the high of the candlestick. Use the immediate lower channel line as the take profit level. Do not adjust your take profit level even if the lower channel line moves down. Simply wait for price to reach the target and close out with a profit.

Is the stocycle scalping forex trading system good for you?


In conclusion, the stocycle scalping forex trading system is a very simple and easy to use trading strategy. Even beginners to forex trading will find that trading with the stocycle scalping forex trading system is easy. The trading rules are straight forward.

The results of trading with the stocycle scalping forex trading system can be further improved if you also bring in some price action techniques. Looking at the candlestick patterns and how they form can be important to making more successful trades using the stocycle scalping forex trading system.

This trading system can be applied to any chart time frame. Therefore, traders be it intraday short term traders or swing traders will find it an absolute pleasure to trade with the stocycle scalping forex trading system.

You can use the trading template on multiple chart time frames as it is very light weight. However, we recommend not using this on too many currency pairs at the same time.

Download the complete system description and the files here:

FREE Stocycle Scalping System

Download the FREE Stocycle Scalping System for MT4.

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