Big Trend Forex Scalping Trading Strategy

The true essence of scalping is to simplify trading by allowing traders get in and out of positions with small profits, but when accumulated overtime can result into big gains.

The Big Trend forex trading strategy is designed to help you accomplish just that via the use of basic indicator listed herein.

Chart Setup

MetaTrader4 Indicators: guppy_multiple_moving_averages.ex4 (default setting), Big Trend.ex4 (default setting)

Preferred Time Frame (s): 1-Minute, 5-Minutes, 15-Minutes

Recommended Trading Sessions: New York Open | London Open

Currency Pairs: Majors + cross currency pairs (low spread)

Download

Download the Big Trend Forex Scalping Trading Strategy

Buy Trade Example

Fig. 1.0

Strategy

Long Entry Rules

Initiate a buy in the market if the following indicator or chart pattern gets displayed:

  1. If the Big Trend custom indicator line gets painted light blue as shown on Fig. 1.0, it is an indication that the bulls are taking the day i.e. a signal to go long on the currency pair of interest.
  2. If the green lines of the guppy_multiple_moving_averages.ex4 custom indicator crosses its red lines bottom up in such a way that prices is somewhat aligned above the lines (refer to Fig. 1.0), it is a signal that the sentiment in the market is bullish i.e. a buy alert.

Stop Loss for Buy Entry: Place stop loss below immediate support.

Exit Strategy/Take Profit for Buy Entry

Exit or take profit if the following rules or conditions are in place:

  1. If the Big Trend custom indicator line gets painted tomato during an uptrend as seen on Fig. 1.0, it is a trigger to exit or take profit without delay.
  2. If the red lines of the guppy_multiple_moving_averages.ex4 custom indicator crosses its green lines top downwards during a bullish trend, it is a reversal signal i.e. a trigger to exit or take profit accordingly.

Sell Entry Rules

Enter a sell signal if the following holds true on the activity chart:

  1. If the Big Trend custom indicator line gets tomato as depicted on Fig. 1.1, it is an indication of bearish sentiment in the market i.e. a signal to go short on the currency pair of interest.
  2. If the red lines of the guppy_multiple_moving_averages.ex4 custom indicator crosses its green lines top downward in such a way that prices is somewhat aligned below the lines (refer to Fig. 1.1), it is a trigger to sell the Forex pair in focus.

Stop Loss for Sell Entry: Place stop loss above immediate resistance.

Exit Strategy/Take Profit for Sell Entry

Exit or take profit if the following rules or conditions hold sway in the market:

  1. If the Big Trend custom indicator line gets painted light blue during a downtrend as seen on Fig. 1.1, it is a trigger to exit or take profit at once.
  2. If the red lines of the guppy_multiple_moving_averages.ex4 custom indicator crosses its green lines bottom up during a bearish trend, it is a reversal signal i.e. a trigger to exit or take profit accordingly.

Sell Trade Example

Fig. 1.1

Free Download

Download the Big Trend Forex Scalping Trading Strategy

About The Trading Indicators

The Big Trend is an indicator that follows the overall trend by drawing a light blue line to depict bulls market, while a tomato painted line shows a bears market.

The guppy_multiple_moving_averages.ex4 is a technical study that pots changing trend via the use of a technique that combines two groups of moving averages with varying time periods.

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