Forex King Scalper (Enjoy Free BONUS Fibonacci Applications and Strategies)

Good indicator for reference at 1st class MOD

This scalping system is a trend breakout system for intraday. This is based on the king trend detector and king’s cage indicator. This system works on a 15-minute timeframe. The currency pairs that are applicable to this system are GU, GJ, EU, AU, and UCHF.

Metatrader Indicators:

    Heiken Ashi,
    2 MA crossover,
    King Trend signal,
    5 moving average smoothed High,
    5 moving average smoothed Low,
    King’s Cage indicator ( the basic Indicator for this scalping system),
    QQE Alert,
    King’s trend detector
    RCS Fibo indicator.

Long Entry:

    The price must break upward the breakout filter zone.
    Trend detector signal must be an uptrend.
    Arrow buy appears (2MA crossover or King’s trend signal).
    Heiken Ashi Bar must be green and will close above SMA 5 tunnel.
    SMA 5 tunnel is trending up.
    QQE alert value 1 is crossing QQE alert value 3 from below.

Short entry:

    The price must break downward the breakout filter zone.
    Trend detector signal must be a down trend.
    Arrow sell appears (2MA crossover or King’s trend signal).
    Heiken Ashi Bar must be red and will close below SMA 5 tunnel .
    SMA 5 tunnel is trending down.
    QQE alert value 1 is crossing QQE alert value 3 from above.

Exit position:

Place initial stop loss at 15-20 pips.
Take profit on RCS Fibo Level or place target profit target 12-15 pips (ratio stop loss 1:1).
The King Forex Scalping Strategy is a combination of Metatrader 4 (MT4) indicator(s) and template.

The essence of this forex strategy is to transform the accumulated history data and trading signals.

The King Forex Scalping Strategy provides an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust this strategy accordingly.

package:

Manual,indicators

Fibonacci Applications and Strategies for Traders

A fresh look at classic principles and applications of Fibonacci numbers and the Elliott Wave trading system. Demonstrates how to calculate and predict key turning points in commodity markets, analyze business and economic cycles as well as identify profitable turning points in interest rate movement. Forty charts and tables show how to use this analysis on a daily, weekly or intra-day trading basis.

• 192 pages(scanned book)
• Publisher: Wiley;
• Language: English
• ISBN-10: 0471585203
• ISBN-13: 978-0471585206

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Forex King Scalper (Enjoy Free BONUS Fibonacci Applications and Strategies)  

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