Forex 15 min chart strategy map

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Over time, these small profits can add up to substantial amounts and can prove to be very lucrative for forex traders. For this particular trading strategy, the timeframe that should be used is the minute chart. It can also work well as a scalping strategy on the 1-minute and 5-minute timeframes.

You may use any currency pair that you like for this strategy. Chart Setup It is important that you set up your charts right in order to get the best results from this trading strategy. You may choose any trading session that you desire to use, and it is recommended that you work with the 1-minute, 5-minute, and minute charts.

We will be using MetaTrader4 Indicators for this setup. Here are the indicators to use: Below is what a buy trade strategy would look like: The Stochastic with the following parameters: slowing Proceed to buy only when both of the following conditions exist: A clear buy signal is if the fast blue line of the Stochastic Indicator crosses the slow red line to the upside from inside the oversold region below 20 level on the Stochastic.

It should break and remain above the oversold region above Once this condition has been satisfied, you should proceed to buy. You may use any currency pair that you like for this strategy. Chart Setup It is important that you set up your charts right in order to get the best results from this trading strategy.

You may choose any trading session that you desire to use, and it is recommended that you work with the 1-minute, 5-minute, and minute charts. We will be using MetaTrader4 Indicators for this setup. Here are the indicators to use: Below is what a buy trade strategy would look like: The Stochastic with the following parameters: slowing Proceed to buy only when both of the following conditions exist: A clear buy signal is if the fast blue line of the Stochastic Indicator crosses the slow red line to the upside from inside the oversold region below 20 level on the Stochastic.

It should break and remain above the oversold region above Once this condition has been satisfied, you should proceed to buy. Another buy signal is the existence of bullish pressure. You should place your stop loss about 2 pips below the support level.

When to Sell The following scenarios are indicators that you should sell: If the blue line of the Stochastic crosses the red line to the downside and from inside the area above the

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