Forex Scalping Strategy With Stochastic Oscillator and Fisher Indicator

Forex Scalping Strategy With Stochastic Oscillator And Fisher Indicator:

This is a system of RKay author.

How to trade with Forex Scalping Strategy With Stochastic Oscillator And Fisher Indicator?

Time Frame : 1 minute.

Trading Sessions: Preferably the UK and US trading sessions.

Markets: Forex.

Currency Pairs: low spread pairs like EURUSD and GBPUSD AUDUSD…

Metatrader indicators: Stochastic Oscillator And Fisher Indicator.

Entry Position for Forex Scalping Strategy With Stochastic Oscillator And Fisher Indicator:

– Long (Buy) Entry: + The fisher indicator must have a green bar.
+ The stochastic indicator reaches 20 level or turning up to it or is just above it.
+ Execute a buy order if the above two conditions are met.
+ Place you stop loss below a nearest swing low or 10 pips (whichever comes first).
+ Your profit target should be 10 pips.

– Short (Sell) Entry: + The fisher indicator must have a red bar.
+ The stochastic indicator reaches 80 level or turning down to it or is just below it.
+ Execute a sell order if the above two conditions are met.
+ Place you stop loss below a nearest swing high or 10 pips (whichever comes first).
+ Your profit target should be 10 pips.