THis is a FOREX scalping system that can be optimized with almost all majors and crosses pairs.
Its made of multiple elements such as : MACD Stochastic RSI Fast VW moving average Slow VW moving average Time management( forex sessions as inputs)
Rules for entry Long Last 2 MACD values were ascending, fast moving average is below moving average and stochastic RSI is below 30 level. At the same time we are either into London or NY session.
Short Last 2 MACD values were descending, fast moving average is above moving average and stochastic RSI is above 70 level. At the same time we are either into London or NY
Rules for exit WE have 2 exit possibilities: we can exit either at the end of NY/London Session or based on a TP/SL risk management calculating % in movement.
Thank you for sharing this, this is an awesome script. I have backtested with 10 major pairs on different settings and it works like a charm!
exlux99
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@twoonetrading, glad to hear that mate, wish you good luck :)
Delber007
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This seems to work really good. But I have a question, why the fast vwma being above the slow one mean it’s time to go short? Isn’t normally the other way around?