Scalping Forex system with trend line

This is a scalping forex system for timeframes M1, M5 or M15 from trader swilliam. For profit trading you need some simple indicators and good trend. Our goal is  from 10 to 30 pips per swing.

Settings

• Pairs: any
• Indicators:  EMA (7), EMA (20), RSI, MFI, Daily Candle
• Timeframes: M1, M5 or M15

Rules

For buy order

1. Daily candle is Green
2. RSI is above 50
3. MFI is above 50
4. Uptrend (EMA (7) is above EMA(20))
5. Price pullback inside 7 and 20 EMA
6. Draw TrendLine from highest swing
7. Wait for price to break above trendline and bar is closed
8. Set your SL/TP (from 10 to 30 pips)

For sell order

1. Daily candle is Red
2. RSI Filter is below 50
3. MFI Meter is below 50
4. Downtrend(EMA(7) is below EMA(20))
5. Price pullback inside 7 and 20 EMA
6. Draw TrendLine from lowest swing
7. Wait for price to break below trendline and bar is closed
8. Set your SL/TP (from 10 to 30 pips)

Downloads

• Indicators
• Template

More strategies

https://fortraders.org/en/forexstrategy/trend-following-trading-system-for-gbpusd.html