Wick Forex Scalping Strategy


You can now download the Wick Forex Scalping Strategy for free on AtoZ Market indicators gallery.

This forex trading strategy uses 2 timeframes, the 1 hour and the 5 minute. We will look at both of this timeframe and look for entries on this two timeframes. This trading strategy is applicable to EURUSD and GBPUSD pairs. There are only 2 indicators that are used in this system.

Forex Indicators:

  • Wick o Gram level 5; -5
  • CCI 150; -150

How to trade with Wick Forex Scalping Strategy?

Long Entry:

  • The wick indicator must be below -5.
  • CCI 14 is in oversold area -150.
  • Enter at the opening of the next bar.

Short Entry:

  • The wick must be below 5.
  • CCI 14 is in overbought area 150.
  • Enter at the opening of the next bar.

Wick Forex Scalping Strategy

Exit Position:

  • Place stop loss at 8-10 pips and take profit at 5 pips.

 

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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 bottom of the post.
  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 “Wick 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.

Should you trade using Wick Forex Scalping Strategy on your own at all?

Before you start trading with this scalping strategy, you'll want to read this.

Our in-house trading expert Dr Yury Safronau, PhD in Economic Sciences, gives you daily his best forex, metals, and cryptocurrencies to buy and sell signals right now.

 

 

His trading strategies which are based on non-linear dynamic models have achieved more than 65 000 pips of profits since 2015. And right now there are some very strong buy and sell signals across several markets you don't want to miss.

Want to see which ones?

 

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