ABC Pattern Scalping Forex Indicator MT4
Course Description
Archive : ABC Pattern Scalping Forex Indicator MT4 Digital Download
Salepage : ABC Pattern Scalping Forex Indicator MT4
Delivery : Online With Any Device
Product Description
ABC Pattern or 123 Pattern Scalping indicator strategy
The ABC Pattern or 123 Pattern Reversal can be used for more than just intraday trading. It can be used to help determine suitable entry points for all sorts of trading, including scalping, day trading, swing trading, and long-term investing.
When used as part of an intraday trading strategy, a 123 Reversal Pattern happens frequently and, if detected early enough, can assist provide high probability, low-risk entry points.
ABC Pattern or 123 Pattern Forex Scalping Strategy
This is a scalping strategy that trades based on price action. This is a trend-following approach, which means that trading in the direction of the trend might increase the breadth of your trading. In a 5- or 15-minute chart, use this strategy. EURUSD, GBPUSD, USDCHF, and AUDUSD are the currency pairs that can be used with this technique.
Buy Entry:
123 chart pattern indicator create buy signals and display a blue arrow in the chart.
Place a pending buy order with a goal of 100 pips on the indication 1-2-3 pattern.
MA 10 > MA50 > MA 100 > and MA200 must all be moving upwards.
Sell Entry:
Indicator for 123 chart patterns creates A blue arrow appears in the chart when there are sell signs.
Simple Moving Average must be trending down: MA 10 < MA 50< MA 100 and MA 200.
On the 1-2-3 pattern, place a pending sell order with a target of 100pips.
Stop loss: Place the stop loss 2 pips below the MA lines if you’re Buy trade. Place the stop loss 2 pips above the MA lines for a sell order.
Money management rule:
For each deal, don’t risk more than 5% of your funds. and apply money management rules.