Urban Towers Scalping Strategy - Forex Best Strategies

Name : Urban Towers Scalping Strategy
Indicators : Blue MA (RainbowMMA_07.zip)
Time Frame : 15min Charts


The Strategy :

During a trend, once the market retraces to the MA that is blue with least 3 consecutive lower highs (3 towers), we enter at the break of this most of the final high. Okay i'd like to explain in details one at a time.
 
Steps to Follow :
 - cost is above the MA that is blue trend up
- pricing is underneath the MA that is blue trend down
- Market retraces towards the MA that is blue with consecutive lower highs (in a uptrend)
- At the break of this high of the candle that is last we enter long (in a uptrend)

Example:

Alright, exactly what do we know quickly the bat by searching at this. The market is well known by us is in a uptrend because the marketplace is over the blue MA. Industry retraced to the line that is blue 3 consecutive lower highs (3 towers) as we could see the red candles above. Next, we joined very long at the break of the high for the retracement that is final - which in this instance is third tower as we can see above. Okay 1 more example for you personally dudes :)

EXAMPLE:

DO NOT ENTER IF:

Alright, in this example, the market had been in a uptrend, it did a 1, 2, 3 tower retrace but it never had a breakout regarding the high of this third tower, in reality, the market continued down and changed to a style that is down. This instance is to show that this plan assists avoid many trades being fake.
Exit Strategies

Option 1
1:1 Risk to reward. In case your stop is -12 pips your limit is pips which are +12.

Choice 2
Open 2 lots. If your end is at -10 pips, once your trades goes on your side and you also're at +10 pips, close 1 lot and let the other one run. Exit at Support and Resistance levels.

Option 3
Exit at the nearest 50 or 00 level. They are mental amounts. (ensure that your exit are at minimum equivalent quantity of pips as your stop, otherwise dont enter the trade)

Choice 4
Trailing Stop. As soon as in a trade, during the close of each candle, destination your stop 1 pip below the low (if in a buy trade). Vise versa for sell trade.