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Advance Trendline Forex Scalping Strategy

Amandeep Sonewane | Jun. 26, 2019
Advance Trendline Forex Scalping Strategy

You can now download the Advance Trendline Forex Scalping Strategy for free on AtoZ Markets indicators gallery

Advance Trendline Forex Scalping Strategy is based on trendline trading. The rules here are easy to understand and it will give a clear entry on when to buy or sell. This system uses a 15-minute timeframe and works in any pairs.

Forex Indicators:

  • Doda Bollinger,
  • Heiken Asci,
  • Pivot, Support, and Resistance
  • TrendLine

Timeframe: 15 minutes

Currency Pair: any

Session: any

How to trade with Advance Trendline Forex Scalping Strategy?

Rules:

  • Open a 1-hour chart and identify the trend using the indicator.

Long Entry:

  • The price must be above the trend line green.
  • Enter a long position.

Short Entry:

  • The price must be below the trend line red.
  • After open the chart timeframe15 min, open trade only in the direction of the trend of 60 min chart.

Exit position:

  • Take profit at 12-18 pips depending on the currency pairs.
  • You can also take a profit on the level of pivots points.
  • exit when appears opposite dot.
  • Place Stop loss 2 pips above or below dots of Doda Bollinger indicator.

How to download and install an indicator?

In order to install the indicator on your MT4 platform, you need to follow these steps:

  1. Click on “Download Indicator” button located at the top right corner of the screen.
  2. Save the file to your computer.
  3. Extract and move the files into MT4>Indicator folder of the MetaTrader4 software file directory.
  4. Restart your Metatrader platform.
  5. Navigate to “Indicators.”
  6. And select “Advance Trendline Forex Scalping Strategy” template to apply it on the chart.

Note: This indicator was developed by T. Morris. AtoZ Markets does not carry any copyrights over this trading tool.

Disclaimer: The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZ Markets.com, nor should they be attributed to AtoZMarkets.