Trend Trading Strategy Turbo Scalping
Trend Trading Strategy Turbo Scalping - is a classic combination of a trend indicator and oscillator. The Hull МА indicator determines the current price trend, and the Stochastic oscillator crossing is a source of trading signals.
Input parameters
- Currency pairs: any, stock indices S&P 500, NASDAQ, Russel, DAX, FTSE 100, Nikkey, Hank Seng
- Timeframe: M15 and older
- Bidding time: any
- Risk management: after calculating the stop-loss, choose this lot sizeto risk no more than 2-5% of the deposit per transaction
Used indicators
- Hull Master (period 55)
- Stochastic Crossing (30, 10, 10)
- Pivot point levels
Setting up the price chart
- Unpack the archive
- Copy the template into the templates folder
- Copy the indicators to the folder MQL4 -> indicators
- Restarting the terminal
- Open the chart of the desired currency pair
- Install a template named Turbo Scalping
The schedule should look like this:
Signals indicating the opening of a long position
- the Hull Master indicator line is green;
- a green up arrow of the Stochastic Crossing indicator appeared.
Signals indicating the opening of a short position
- Hull Master indicator line is red;
- the red down arrow of the Stochastic Crossing indicator appeared.
Setting Stop Loss and Take Profit Orders
- stop loss is set above/below the previous local maximum/minimum;
- Take Profit is set at a ratio of 11 to 1 with a stop loss or near one of the pivot levels.
The strategy has very simple rules and will not cause difficulties for novice traders. Before you use Turbo Scalping trend trading strategy If you have a real deposit, be sure to test it on a demo account.
Download Turbo Scalping Strategy Template and Indicators
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