Precision Trend Scalping Trading Strategy is a trending system based on the use of smoothed Heiken Ashi and reversal indicators. The strategy is intended for scalping and intraday trading, but can be used on any timeframes as a tool for trend trading.
Precision Trend Scalping strategy allows opening deals in a conservative and aggressive way.
Input parameters
- Currency pairs: any with a low spread
- Timeframe: M1 and older
- Bidding Time: Any
- Risk management: after calculating the stop loss, choose a lot size so that the risk is no more than 2-5% of the deposit per transaction
Indicators Used
- Scalper ma smoothed (3, 80)
- Colored Candles (stochastic 10, 10, 30, 20, 80)
- High Low targets 24 period, fibo period 24
- Price grid suppor and resistance
- Binary Viper (period 100, pct filter 2.00)
- Trend power (50, 14)
- Price Chart Setup
- Unpack the archive
- Copy the template to the templates folder
- Copy indicators to the MQL4 folder -> indicators
- Restart the terminal
Open the chart of the desired currency pair
Install a template called Precision Trend Scalping
The graph should look like this:
Signals indicating the opening of a long position
a green up arrow appeared;
candle Stochastic candles blue;
Scalper ma bar in blue;
Trend Power indicator bar in black (for conservative trading) or gray (for aggressive trading).
Signals indicating the opening of a short position
a red down arrow appeared;
candle Stochastic candles red;
Scalper ma red bar;
Trend Power indicator bar is red (for conservative trading) or orange (for aggressive trading).
Setting a stop loss and take profit order
Stop loss is set above / below the previous local maximum / minimum;
Take profit is set depending on the timeframe used and the currency pair, or near the support / resistance level.