Are you tired of lagging indicators and the entrances to the market? You do not like to wait for hours at the computer screen when the same work or take profit will be a signal to enter? You want to extract the maximum profit from price movements in the market? Then without indicators forex strategy Forex Speedometer for you.
Strategy will work properly only on brokers with 5 characters after the comma in quotations.
- Type of strategy: Scalping
- Platform: Metatrader4
- Currency pair: Any
- Trading Time: Round the clock
- Timeframe: M15 and below
Rules for Buy: Tick chart is in oversold zone and begins to show signs of upward movement. Rate of price change on the speedometer reaches 2.3 ticks per second or higher.
Exit when the price reaches on the tick chart overbought zone and starts moving down. At the same time speed on the speedometer falls below 1.5 ticks per second.
Rules for Sell: Tick chart is in overbought zone and begins to show signs of downward movement. Rate of price change on the speedometer reaches 2.3 ticks per second or higher.
Exit when the price reaches tick chart oversold zone and begins to move up. At the same time speed on the speedometer falls below 1.5 ticks per second.
Also exit the trade if the loss exceeds 10-15 points (depending on the volatility pairs).
How to download click here