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Forex Scalping Strategy With Stochastic Oscillator

High frequency scalping with the Stochastic trading oscillator. This strategy provides you with several trading opportunities every day.

We’re looking for a modest 10 pips price objective. Find the complete trading set up outlined below.

Please feel free to experiment with the different settings.

Scalping Setup

Indicators: Stochastic Oscillator with default settings, Fisher.ex4
Preferred time frame(s): 1 min, 5 min
Trading sessions: Any (London, New York, Tokyo)
Preferred Currency pairs: Low spread pairs (EUR/USD, GBP/USD, USD/JPY, AUD/USD,…) with medium to high volatility.

Download

Download the Forex Scalping Strategy With Stochastic Oscillator for Metatrader 4.

EUR/USD 1 Min Chart

forex-scalping-with-stochastic-indicator

As shown in the EUR/USD chart above, the strategy provided us with 5 valid buy trading signals in just 2 trading hours during the Asian session.

Three trades have been closed for 10 pips each (30 pips total).

Two trades remain open until target is reached (or stop hit).

Trading Rules

Buy Rules:

  • Fisher indicator green bar
  • Stochastic oscillator (5,3,3) reaches 80 level

Execute long trade! Place 10 pip stop loss (or below previous swing low) and exit the trade for 10 pips profit.

Sell Rules:

  • Fisher indicator red bar
  • Stochastic oscillator (5,3,3) reaches 20 level

Go short now! Place 10 pip stop loss (or above previous swing high) and exit the trade for 10 pips profit.

Free Download

Download the Forex Scalping Strategy With Stochastic Oscillator for Metatrader 4.

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