FREE DOWNLOAD H1 Forex Scalping Strategy with Kijun Sen. The Kijun-Sen is a major indicator line and component of the Ichimoku Kinko Hyo indicator, also known as the Ichimoku cloud. It is generally used as a metric for medium-term momentum. The Kijun-Sen line calculation utilizes the following formula:
The formula used to calculate the Kijun-Sen is almost identical to that of the formula used to calculate the Tenkan-Sen line. It differs in that the quantity of time periods used in the calculation is increased so long-term momentum can more effectively be gauged.
H1 Forex Intra Day Trading Strategy with Kijun Sen. I will try to be very short so you can easy understand strategy rules. After Installing all necessary indicators and template let’s see what we have on chart. There are actually three indicators on our chart:
Strategy is based on three indicators:
- Open Daily Line
- ForexScalpingPro Check
- and ForexScalpingPro Trader
- Icimoku (Kijun Sen)
daily open line.ex4
Open Daily Line (Red Line)
This line represent the price at the beginning of the day. This price is important, it’s represent gravity for price on chart.
ForexScalpingPro Trader (Arrows)
This arrows are created by Forex Scalping Pro Trader indicator. They suggest us about possible trades.
ForexScalpingPro Check (Alerts)
This indicator alert us that ForexScalpingPro Trader is found profitable trade.
We don’t want to complicated whole thing with unnecessary information, all you need is to follow alerts after strategy detect possible profitable trade.
This alert will suggest you to SELL or BUY. After you close alert box you will need follow simple rules for buy or sell depends what’s alert suggest you.
- You get alert to sell (red arrow will appear on chart)
- The price must be below Daily Open Line indicator,
- ForexScalpingPro Check Red Color
- ForexScalpingPro Trader Red Color
- Kijun Sen 5 below Kijun Sen 10
- The KijunSens below EMA 50
It’s easy! Check chart above, trend is bearish, candles are below red line (daily open on top chart). We had a signal and profit from it.
- You get alert to buy (green arrow will appear on chart)
- The price must be above Daily Open Line indicator,
- ForexScalpingPro Check Blue Color
- ForexScalpingPro Trader Blue Color
- Kijun Sen 5 above Kijun Sen 10
- The KijunSens above EMA 50
You need to find lastest price bottom or high point. It’s usually few candles back (3-4 candles).
- If you buy check few last candles and setup stop below it.
- If you sell check few last candles and setup stop above it.
Use 200-500 pips as take profit level. Depends of market condition.
The only thing that could make this system fail over the long term is you not sticking to the rules…….that’s it!
If you stick to the rules of the system, you’re going to be smiling from ear to ear as you watch your account grow at an astonishing rate every month from now on.
The H1 Forex Intra Day Trading Strategy with Kijun Sen is incredibly simple and easy to use. Once you are used to it and have made a few trades with it, you’ll find that you’re spending very little time actually running with this system.