15 Pips Free Forex Scalping System

A really accurate free forex scalping system that can be used on the 5 minute and 15 minute charts. It’s made up of 2 trading indicators, one for short-term trend direction and one for trade entry signals and simple stop-loss placement.

Chart Setup

Indicators: ArrowsAndCurves, BarTimer (shows time left to next bar), freescalpingindicator
Preferred time frame(s): 5 min, 15 min
Trading sessions: London, New York
Preferred Currency pairs: low spread major fx pairs (EUR/USD, USD/JPY, GBP/USD, AUD/USD)

Download

Download the 15 Pips Free Forex Scalping System.

Example: EUR/USD 15 Minute Chart

free-forex-scalping-system

As shown in the EUR/USD chart above, this system identified 6 trading opportunities. 2 Long signals and 4 short signals. 5 Trading positions were closed for 15 pips each and 1 short trade was closed for a 18 pips loss. Result: 57 pips gain.

Trading Rules

Buy Scenario:

  • Free forex scalping indicator draws green histogram (short-term bullish)
  • Blue up arrow (trade entry)

==> Go long at the open of the next candlestick and set profit target to 15 pips.

Stop-Loss: Place a stop-loss just below the lower green ArrowsAndCurves line.

Sell Scenario:

  • Free forex scalping indicator draws red histogram (short-term bearish)
  • Red down arrow (trade entry)

==> Go short at the open of the next candlestick and set profit target to 15 pips.

Stop-Loss: Place a stop-loss just above the upper green ArrowsAndCurves line.

Download Forex Analyzer PRO For Free Today!

Brand New Forex System With Super Accurate And Fast Signals Generating Technology.

Forex Analyzer PRO generates buy and sell signals right on your chart with laser accuracy and NEVER REPAINTS!

  • Up To 200 Pips Every Day
  • Buy And Sell Forex Signals
  • Advanced Daily Range Detection
  • Email & Mobile Trading Alerts
  • No Repainting Or Lagging