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
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
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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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