Aggressive Trend Momentum Channel Scalping Forex Trading Strategy [8866]

Aggressive Trading with “Trend Momentum Channel Scalping Forex Trading Strategy” – Channel trading is known to work on the higher timeframes (H4 or higher). It is very simple and doable.

Many visual traders, even beginners, could easily spot a trending channel even without any assistance.

Let’s see if channel trading is something that could work even on the lower timeframes.

  • Time Frame: M5 or higher
  • Currency Pairs: Any

 

MetaTrader Trading Indicators
  • Channel (Manual Channel)
  • Stochastic Oscillator

 

How to install “Trend Momentum Channel Scalping Trading System”
  • Download “ForexWOT.Com-TrendMomentumChannelSystem” (Zip/RAR File).
  • Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
  • Copy the “ForexWOT.Com-TrendMomentumChannelSystem.tpl” file (template) to your Metatrader Directory …/templates /
  • Start or restart your Metatrader Client.
  • Select Chart and Timeframe where you want to test your forex system.
  • Right click on your trading chart and hover on “Template”.
  • Move right to select “ForexWOT.Com-TrendMomentumChannelSystem” trading  system and strategy
  • You will see “Trend Momentum Channel Scalping Trading System” is available on your Chart
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BUY Rules

  • Channel (Manual Channel):
    • Identify an up-trending channel
    • Allow price to touch the support line of the channel
  • Stochastics Oscillator:
    • Should be at the oversold level (below level 20 line)
    • Enter as soon as the fast stochastic line crosses the slow stochastic line
  • Stop Loss:
    • A few pips below the low of the fractal caused by the bounce.
  • Take Profit:
    • Target take profit would be at the same level as the body of the high of the previous thrust.
    • or you can use Risk-Reward Ratio 1:2
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SELL Rules

  • Channel (Manual Channel):
    • Identify a down-trending channel
    • Allow price to touch the resistance line of the channel
  • Stochastics Oscillator:
    • Should be at the overbought level (above level 80 line)
    • Enter as soon as the fast stochastic line crosses the slow stochastic line
  • Stop Loss: A few pips above the high of the fractal caused by the bounce.
  • Take Profit:
    • Target take profit would be at the same level as the body of the low of the previous thrust.
    • or you can use Risk-Reward Ratio 1:2

 

Trading NOTES
  • The essence of this “Aggressive Trend Momentum Channel Scalping Forex Trading Strategy” is to transform the accumulated history data and trading signals.
  • This strategy is a simple basic strategy that you could use and develop.
  • There is a lot of noise in the minute charts Time Frames, but you could always add filters to lessen the noise.
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One thought on “Aggressive Trend Momentum Channel Scalping Forex Trading Strategy [8866]

  • please can you tell me how to downlod the Trend momentum channel scarping forex trading system .
    I did all steps with my Facebook and from there is not downlod link .
    can you send me the link folder to my email please.
    Regards HC

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