Forex Sniper Scalping System

The forex sniper scalping system is designed to take advantage of short-term market movements in an existing currency trend. The main trend is defined by an RSI filtered trading indicator and the actual buy/sell signal by an advanced moving average indicator called MAAngle. Use this system on low spread currency pairs and during the London and US sessions for best trading results. You can download the system for free below.

Chart Setup

Used MT4 indicators: RSIFilter.mq4 (14 period), MAAngle.ex4 (default settings)
Preferred time frame(s): M5, M15
Recommended trading sessions: London and US session for scalping
Currency pairs: low spread pairs (3 pips max. spread)

Download

Download The Forex Sniper Scalping System.

Example: EUR/USD M15 Chart

RSI-forex-scalping-system

The figure above is an example of the Forex Sniper Scalping System in action on the 15 minute Euro/US Dollar Metatrader 4 chart. It shows our proposed buy and sell entry points along with the results from each trade. As you can see from the image above, 12 trading positions were opened on the M15 chart. 10 Ended up for a 15 pip profit (our profit target), 2 buy positions remain open (target not reached yet) with a stop-loss placed below minor support.

Strategy Trading Rules

Buy conditions:

  • RSIFilter indicator paints orange colored histogram (trend up).
  • MAAngle indicator goes above the zero-line and green color.

==> Open buy. Place your stop-loss slightly below the most recent support level.

Trade exit (TP): Close the trade for 15 pips.

Sell conditions:

  • RSIFilter indicator paints blue colored histogram (trend down).
  • MAAngle indicator goes below the zero-line and dark red color.

==> Open sell. Place your stop-loss slightly above the most recent resistance level.

Trade exit (TP): Close the trade for 15 pips.

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