The other day, I was doing a post about the Advantages and Disadvantages of Forex Scalping.
Due to curiosity, I found out this forex scalping system on the internet.
The name of the forex scalping trading system is Mason FX
Here is how the system look like in action:
Mason FX is a forex scalping system developed to be used on lower time frames such as the M1 (1 minute ), M5 (5 minute) and the M15 (15 minute).
It is developed by creators to be a custom indicator which you can use on the Metatrader 4 trading platform.
It utilizes crucial points and reversal patterns in order for you to scalp the market.
To be clear, the Masonfx scalping system (straightforward strategy) indicates you could trade with MasonFx scalping indicator in ranging forex market at the best.
The ranging market could be discovered most of the time in the M1 - M15 timeframe.
Simple and straight forwards, enter buy when you see buy sign (arrow up) and enter sell when you see sell sign (arrow down).
Treat each trade sign with desired risk management rather than trading arrow to arrow (closing one and opening another one with the opposite trade signal occurs).
The fundamental risk management could be a 2:1 (Reward: Risk) ratio.
Assuming that you want to enter the trade with 10 pips stop loss, so 20 pips is your take profit target.
In addition, the market insight dashboard is really helpful for the straightforward strategy.
For instance, it's probably a profit trade when you enter long when MFSS indicates UPTREND (or higher level), combining with oscillator F indicates BULLISH or oscillator S indicates BULLISH.
Here is where you can download this forex scalping system:
Download HERE
Check Out my other posts here- My Justinnation
No comments:
Post a Comment