15 Pips Forex Scalping System is very accurate trading system for scalping, which is intended to trade on the timeframes M5 and M15. 15 Pips Forex Scalping System consists of only 2 main (ArrowsAndCurves, freescalpingindicator) and one additional (BarTimer) indicators, which makes this strategy is also very simple.
Rules of trade by 15 Pips Forex Scalping System
Open Buy:
- Appeared blue up arrow.
- Free Scalping Indicator displays a green bar.
Open the Long position on the next candle.
Take Profit 15 pips.
Stop Loss is set at the bottom of the green line indicator ArrowsAndCurves.
Open Sell:
- Appeared red down arrow.
- Free Scalping Indicator displays a red bar.
Open the Short position on the next candle.
Take Profit 15 pips.
Stop Loss set at the upper of the green line ArrowsAndCurves indicator.
In the archive 15_Pips_Forex_Scalping_System.rar:
- ArrowsAndCurves.ex4
- BarTimer.ex4
- freescalpingindicator.ex4
- 15 Pips Forex Scalping System.tpl
Free Download Forex Scalping System
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15 pips forex scalping system very accurate trading system for scalping
The 15 Pips Forex Scalping System is a trading strategy designed for scalping, aiming to capture small profits (15 pips or less) in a short timeframe. The system is suitable for trading on the M5 and M15 timeframes.
Key Components
- Indicators: ArrowsAndCurves, BarTimer (optional), and freescalpingindicator
- Preferred time frames: 5 minutes and 15 minutes
- Preferred currency pairs: Low-spread major FX pairs (EUR/USD, USD/JPY, GBP/USD, AUD/USD)
- Trading sessions: London and New York
Strategy Guidelines
- Take Profit: 15 pips
- Stop Loss: Set at the upper end of the green line (ArrowsAndCurves indicator)
- Currency pairs: ECN accounts with zero spread (RoboForex)
- Note: The system requires a thorough understanding of the indicators and their interactions.
Additional Insights
- Scalping strategies typically involve making a large number of trades with small profit targets (5-10 pips) and stop losses (7 pips or less).
- The FX market’s volatility provides ample trading opportunities, making scalping a popular style for many traders.
Conclusion
The 15 Pips Forex Scalping System is a specific trading strategy designed for scalping, with a focus on capturing small profits (15 pips or less) on the M5 and M15 timeframes. By understanding the indicators and guidelines outlined above, traders can implement this system to achieve accurate and profitable scalping results.