ABC Pattern Scalping Forex Indicator MT4
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Archive : ABC Pattern Scalping Forex Indicator MT4 Digital Download
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Scalping indication approach based on the ABC or 123 patterns
The ABC Pattern, also known as the 123 Pattern Reversal, is useful for more than simply intraday trading. It may be used to assist in determining appropriate entry opportunities for all types of trading, including scalping, day trading, swing trading, and long-term investment.
A 123 Reversal Pattern occurs regularly when employed as part of an intraday trading strategy and, if discovered early enough, may help generate high probability, low-risk entry chances.
Forex Scalping Strategy Using the ABC or 123 Pattern
This is a scalping approach that trades on price movement. This is a trend-following strategy, which implies that trading in the direction of the trend may broaden your trade. Use this method in a 5- or 15-minute chart. The currency pairings that may be employed with this strategy include EURUSD, GBPUSD, USDCHF, and AUDUSD.
Purchase Entry:
Indicator of 123 chart patterns Make purchase signals and place a blue arrow on the chart.
Place a pending buy order with a 100-pip stop loss on the 1-2-3 indicator pattern.
MA 10 > MA50 > MA 100 > MA200 must all be rising.
Selling Entry:
Creates an indicator for 123 chart patterns. When there are sell signals, a blue arrow shows on the chart.
MA 10, MA 50, MA 100, and MA 200 must all be going downward.
Place a pending sell order with a 100pip goal on the 1-2-3 pattern.
Stop loss: If you’re buying, place your stop loss 2 pips below the MA lines. For a sell order, set the stop loss 2 pips above the MA lines.
Money management principle:
Don’t put more than 5% of your money at danger with each transaction. and follow money management guidelines.
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