The Kevinator Retracement trading strategy is based on the principle of trading on retracements. This scalping strategy is designed for trading major currency pairs.
Trading Strategy Parameters
- Currency Pair: EUR/USD, USD/CHF, GBP/USD, AUD/USD, USD/CAD
- Timeframe: M1-M15
- Indicators: TMA, MTF Stoch 4TFx4, Retracement Finder
- Strategy Type: Scalping
- Trading Time: 24/7
Market Entry Rules
Opening a Sell Order. To open a sell order, the MTF Stoch 4TFx4 indicator (yellow line at the bottom of the chart) must be decreasing, indicating a downward trend, and we will only open positions for selling, as well as a purple signal bar appears on the Retracement Finder indicator. Position opening occurs only after the closing of the signal candle.
Opening a Buy Order. A buy order is opened when the yellow line of the MTF Stoch 4TFx4 indicator rises, indicating an upward trend, and a purple signal bar appears on the Retracement Finder indicator. Position opening also occurs only after the closing of the signal candle.
Closing Positions can be done in two ways, depending on which one you prefer or suits you better. Closing positions can be done either after the appearance of a purple bar on the Retracement Finder indicator, which indicates a possible short-term change in price direction, or by setting a take-profit level that should be equal to 10-40 points.
A stop-loss is set at 10-15 points.
Download the template and indicators
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“excerpt”: “The Kevinator Retracement scalping strategy is based on retracement trading. It’s ideal for major currency pairs.”,
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FAQ
What is the Kevinator Retracement Scalping Strategy?
The Kevinator Retracement Scalping Strategy is a trading approach focused on capturing short-term price movements by identifying retracements in the market.
Which currency pairs are best for this strategy?
This strategy is best suited for major currency pairs such as EUR/USD, USD/CHF, GBP/USD, AUD/USD, and USD/CAD.
How are positions closed using this strategy?
Positions can be closed either after a purple signal bar appears on the Retracement Finder indicator or by using a pre-set take-profit level of 10-40 points.
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