Robust scalper forex strategy

Even though designed as a scalper. This forex strategy proved to be most effective in higher time frames. It has a strong fundamental base. Both filter and signal are simple and almost easy to master. We have tested it on over 13 years of high quality historical data.

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Strategy uses standard MACD setup, considering its signal line to enter the trade. RSI oscillator is used to time the entry on counter trend correction end. Here it becomes crucial, to wait for signal completion (indicator returning to neutral zone).

Forex strategy is provided freely, together with expert advisor trading it by theforexkings.com.

 

Used tools and indicators

 

Moving average convergence divergence (MACD 1200,2600,900). We will consider the position of main MACD line (histogram) in relationship with signal line and zero line. This will identify downtrend / trend. We will be looking only for the signal in the direction of main trend.

 

Relative strength index (RSI 3) Overbought/oversold zone will be our signal. To enter the trade indicator must return back to the neutral zone, with candle close.

 

Trailing stop (Extra distance for trail stop pips 100). Trailing stop is placed above/below signal candle. It will be adjusted with each candle close. Additional distance may be applied. Strategy also uses predefined profit target (50 pips) for best results in scalping conditions.

 

For the best results, trade with professional ECN/STP broker with MT4. If you can't trade with profit. Automatically copy the traders that are already profitable.

 

Forex strategy rules

 

SELL

MACD histogram trending below zero. Red signal line trending above histogram (it is closer to a zero line).

RSI rises above 70 line. This will signalize a high price suitable for entry. To confirm the signal, we wait for indicator to close below 70 line. We enter the trade short. Trailing stop is placed above the high of signal candle + 100 extra pips.

 

BUY

 

MACD histogram trending above zero. Red signal line trending below histogram (it is closer to a zero line).

RSI falls below 30 line. This will signalize a low price suitable for entry. To confirm the signal, we wait for indicator to close back above 30 line. We enter the trade long. Trailing stop is placed below the low of signal candle - extra pips.

Get MT4 expert advisor trading this forex strategy

 

For best results, use this forex strategy with one of our trusted forex brokers

(STP/ECN with MT4 bridge).

To win you must trade with broker on your side.

 

Disclaimer:  Expert advisor was tested for profitability on historical data. All screen shots provided are displaying real results of the test. However past data will never guarantee future success. Every expert advisor needs to be tested properly on demo account. LIVE use only on your own risk. Read full disclaimer. TheForexKings Team does not give any financial advice. TheForexKings does not take any responsibility for any user’s investments and investment decisions. All rights reserved. Strictly for personal use.

 

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THEFOREXKINGS

“Trading FOREX since 2006. Full time trader and web developer since 2013. My two biggest hobbies are trading and web development. In TheForexKings I managed to connect both of them. Even after 12 years of trading I still have the same passion for the market as at the beginning. The aspect I enjoy the most : development and testing of new ideas.” 

 

Only in 2016 - 2017 we have created more than 400 forex strategies. During this period we have also developed and published +200 MT4 Expert advisors based on those strategies. We are dedicated to provide you with viable and complete trading systems that have thrived in extensive historical testing. We want to give you complete and transparent trading solutions, that once mastered ,will set you financially free. We want to give you a fighting and winning chance in the market. ” 

—  Marian, Proprietor of TheForexkings.com