Urban Towers Scalping Strategy

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Name : Urban Towers Scalping Strategy by urbanforex

Indicators : Blue MA

Time Frame : 15min

Description : During a trend, when the market retraces to the blue MA with at least 3 consecutive lower highs (3 towers), we enter at the break of the high of the last high. Ok let me explain in details one by one.

Steps to Follow :

- Price is above the blue MA trend is up

- Price is below the blue MA trend is down

- Market retraces towards the blue MA with 3 consecutive lower highs (in a uptrend)

- At the break of the high of the last candle, we enter long (in a uptrend)

Trade Example Number 1

Alright, what do we know right off the bat by looking at this. We know the market is in a uptrend because the market is above the blue MA. The market retraced to the blue line with 3 consecutive lower highs (3 towers) as we can see the red candles above. Next, we entered long at the break of the high of the last retracement candle - which in this case is 3rd tower as we can see above. Ok 1 more example for you guys

Trade Example Number 2

Ok now here is a example of a no good trade.

Alright, in this example, the market was in a uptrend, it did a 1, 2, 3 tower retrace but it never had a breakout on the high of the 3rd tower, in fact, the market continued down and changed to a down trend. This example is to show that this strategy helps avoid many fake trades.

I hope you like it ! Let me know if you have any questions.

- Navin

 

Can You link to the Blue Ma indicator. Works with any cross .

 

Here are the indicators sorry about that.

Files:
RainbowMMA_07.zip  4 kb
 

Style : Aggressive

- Navin

urbanforex

 

Style : Aggressive

- Navin

urbanforex

 

Style : Conservative then Aggressive

- Navin

urbanforex

 

hey, thank's for sharing your strategy!

what timeframe(s) are you on?

good luck

 

Hi

Couldn't download the indicator, seems to be corrupt.

Any other link available?

Thanks, John

 

i think i'm blind. you're on M15 tf asyou wrote. i'm sorry for that

 

thanks for share your system , that's good strategy hope can get a stable result

 

Nice post!

What's the TP and SL for each trade? Do you use trailing stop order? What are the test results (for how long have you tested this?)

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