Free download Forex Speedometer [extreme scalping] trading system for mt4
![download Forex Speedometer [extreme scalping] trading system for mt4](https://forexprofitway.b-cdn.net/wp-content/uploads/2016/04/136-300x128.jpg)
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 of strategy Forex Speedometer
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).
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tags: free forex indicators , forex trading system , forex trading strategies , forex indicator
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