ForexWinners.Ru

I will try to be very short so you can easy understand strategy rules. After Installing all necessary indicators and template let's see what we have on chart. There are actually three indicators on our chart:

Strategy is based on three indicators:

1. Open Daily Line2. ForexScalpingPro Check3. and ForexScalpingPro Trader

Open Daily Line (Red Line)This line represent the price at the beginning of the day. This price is important, it's represent gravity for price on chart.

ForexScalpingPro Trader (Arrows)This arrows are created by Forex Scalping Pro Trader indicator. They suggest us about possible trades.

ForexScalpingPro Check (Alerts)This indicator alert us that ForexScalpingPro Trader is found profitable trade.

So how we trade with ForexScalpingPro?

We don't want to complicated whole thing with unnecessary information, all you need is to follow alerts after strategy detect possible profitable trade. Alert like this one:

This alert will suggest you to sell or buy. After you close alert box you will need follow simple rules for buy or sell depends what's alert suggest you.

Sell RulesAfter you get alert to sell (red arrow will appear on chart) The price must be below Daily Open Line indicator, if so you are ready to sell.

Buy RulesAfter you get alert to buy (green arrow will appear on chart) The price must be above Daily Open Line indicator, if so you are ready to buy.

More About Signals And Rules?Actually this is the worst scenario on market (chart below)

As you can see it's bearish trend (sell). How we detect bearish trend from this chart? Simply look left side and follow candles on chart, they are going down for sure. Another indicator that confirm bearish trend are daily open indicator which help us to see that all candles (most of it actually) are closed under daily line (red line).

Chart looks noisy right? No it's not! Let's continue.

How To Sell?

The most important sell rule:Price is below daily open line (red line on chart), we enter only sell signals (red arrows)!

It's easy! Check chart below, trend is bearish, candles are below red line (daily open on top chart).We had two signals and profit from both.

Second sell example.Price (candlesticks) are below daily open line (red line), we get first buy signal but we never buy if price is below daily open line. We get sell signal and profit!

How to trade this chart:

Signal #1 is not valid because we get buy signal but price is below daily open line (red line).Signal #2 is valid because we get sell signal when price is below daily open line.Signal #3 in second day we get third signal, it's walid because we get buy signal and price is above daily open line.

How To Buy?

The most important buy rule:Price is above daily open line (red line on chart), we enter only buy signals (green arrows)!

As you can see we get three profitable buy signals (buy signal - green arrows above daily line). There is one sell signal but we never sell if price is above daily open line.

Let's see how to trade this chart.

Signal #1 It's beggining of the day we don't trade it.Signal #2 we get buy signal but price is below daily open line, so we don't trade it.Signal #3 we don't sell when price is above daily open line (red line).Signal #4 #5 and #6 are valid because we get buy signal while price is abowe daily open line.

If you follow simple strategy rules you will not trade 1,2 and 3 signals. You will triger only signals by rules 4,5 and 6.

Stop Lose - Find The Best Price For Stop Lose

You need to find lastest price bottom or high point. It's usually few candles back (3-4 candles).If you buy check few last candles and setup stop below it.If you sell check few last candles and setup stop above it.

Take Profit

Use 20-50 pips as take profit level. Depends of market condition.

Curency Pair And Time Frame

I trade on eur/usd at M15 and M30 timeframes.