JungleLion Scalping Method
February 28, 2009 by hyiperz
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This system is designed for eurusd on 1 min charts, though it can be used on any pair and any timeframe of your choice.
The basics is simple:
Trade only on the cross of tsf and t3, if they do not cross, do not enter.
The EA does the job of closing the trade in profits.
Scalp conditions:
* Avoid scalping when the xpma line is flat, this is a consolidation stage and dangerous.
* Scalp only when we are near vertical.
* Closer to vertical is stronger trend, closer to flat is weaker trend.
* So we trade only strong trends.
* Define trade range before you begin with both the weekly fib lines and 60 period murrey lines.
* Weekly lines are stronger than the murrey lines.
* Plan your trades then trade your plan.
* And for gods sake keep your eyes open.
The Indicators:
Use default settings on all.
Entry:
xpma blue means short, xpma red means long, enter on the cross of the two lines.
Trade on demo first, for a few trades, the win ratio is closer to 80%.
The EA:
Trendchaser is the EA which trails the trade based on T3.
Junglelion Scalping System
Creator of this forex trading system : JungleLion
Download this forex trading system
Filed under: Forex Trading System
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2 Responses to “JungleLion Scalping Method”
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its a formidable site i so much learn about some methods for forex you have to help me
thanks and good continuations i recommanded you site for my friends …ciao
i have tried EA on fxcm /uk mt4 demo it does nt work. It works on manually only. Could you tell me if it is better using in hihg time frame instead of 1min?