Algo Scalping

Algo Scalping is a template for scalping and day trading based on trend and momentum-cycle indicators. i show two types of entries with the same template one based on the trend and another based on the divergence of the MACD.

Time Frame 5 min, 15 min, 30 min, 60 min.

Currency pairs: major, minor Indices and Commodities.

Matatrader 4 indicators:

Simple moving average 8 period, close;

Exponential moving average 21 period, close;

Exponential moving average 64 period, close;

FX Divergence V.1.1 (12, 26, 9);

MACD (11, 26,3);

Schaff Trend color (10, 23, 50).

Trading rules Algo Scalping

Trend momentum Scalping strategy

Trades only in the direction of the trend.

Trend up= SMA 8> EMA 21 and EMA 64

Trend down= SMA 8> EMA 21 and EMA 64

Buy

Condition=trend up

MACD crosses upward

Schaff trend green color above or near at 90 level.

FX Divergence green bar

Sell

Condition=trend down

MACD crosses downward

Schaff trend red color below or near at 10 level.

FX Divergence red bar

Divergence Scalping

Buy

Condition: buy arrow below red histogram of FX Divergence

Timing for entry

Schaff trend green color above or near at 90 level.

MACD crosses upward

FX Divergence green bar

SMA 8> EMA 21 optional

Sell

Condition: sell arrow above green histogram of FX Divergence

Timing for entry

Schaff trend red color below or near at 10 level.

MACD crossesdownpward

FX Divergence red bar

SMA 8< EMA 21 optional.

Exit position

Place initial stop loss below/above the previous swing high/low.

Profit target ratio stop loss from 1:1 to 1:1.2.

        

This is a winning strategy but it is recommended to learn how to use it starting from the time frame 30 min or h1. The technique with the divergence is recommended to use the time frame of 60, then when you are expert you can try it at 30 min or 15 min. The best timi frame for trend momentum scalping is 5 min.

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