The Hells Angels Forex strategy is interesting for traders who practice scalping in trading.
Trading Strategy Parameters
- Currency Pair: Any
- Timeframe: M1-M15
- Indicators: !De_Munyuk, DT_HeikinAshiCandle, EJ_CandleTime, FibonacciPivots, StatMonitor_1.1-Phat and THV3 Trixv4.01 Div
- Strategy Type: Scalping
- Trading Time: 24/7
Entry Rules
- Opening a Sell Order. Open a sell order when the bar and tail color turns red. Position opening is done after the signal candle closes.
- Opening a Buy Order. Open a buy order when the bar and tail color turns green. Position opening is done after the signal candle closes.
- Closing Positions is done when the signal bar color changes to the opposite or when a candle with different bar and tail colors appears. If desired, you can use a take profit of 10 to 30 points, depending on the timeframe you are trading on.
It is also important to pay attention to resistance and support levels set by the Fibonacci Pivots indicator, where a trend reversal may occur.
Stop-loss is placed 5 to 15 points (depending on the timeframe you are trading on) above local extremes.
Download Template and Indicators
Other Scalping Trading Strategies
- Scalping Strategy for Trading Binary Options 60 Seconds Binary
- Parabolic SAR Trend Scalper Strategy
- Scalping Forex Strategy “Waves MA”
- Tricolor – Scalping Strategy for M1
“,
“excerpt”: “The Hells Angels Forex strategy is ideal for scalping traders.”,
“slug”: “hells-angels-scalping-forex-strategy”,
“faq_html”: “
FAQ
What is the Hells Angels Forex Strategy?
The Hells Angels Forex Strategy is a scalping strategy that uses specific indicators and rules for entering and exiting trades.
What timeframes does the strategy work on?
The strategy works on M1-M15 timeframes, making it suitable for short-term trading.
How do I place stop-loss orders?
Stop-loss orders should be placed 5 to 15 points above local extremes, depending on the timeframe being traded.
”
