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Super Trend Forex Scalping System The Super Trend Forex System is a very effective scalping system designed for trading the 1 minute trading charts. The main signal generator of this system is Forex Analyzer PRO which provides us with accurate entry-and exit signals. The RSI indicator is only used for trend direction. Trade Setup Trading indicators:, RSIFilter.mq4 Recommended trading style: Scalping Timeframe: 1 Min chart Pairs: Low spread currency pairs such as EUR/USD, GBP/USD, USD/JPY, AUD/USD, Platform: Metatrader 4 Free System Download Example: USD/JPY 1 Minute Trading Chart (Click the figure to enlarge to full size) Figure 1.0 The figure above shows the USD/JPY one minute chart in an uptrend (RSI filter orange colored bars). Forex Analyzer PRO provided us with 4 excellent buy entry signals that were closed for +19 pips each (learn the trading rules below). Trading Rules: Buy Trade • RSI Filter indicator orange (up trend) • Forex Analyzer PRO draws a green arrow on screen ==> Initiate a buy order and place a protective stop-loss slightly below support. Close the buy trade at 1/10th of the average daily range provided by Forex Analyzer PRO (left corner of the screen).
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For the USD/JPY example, buy trades needed to be closed for 19 pips (average daily range: 191 pips). Grand capital Binary broker minimum deposit. binary options official website. Trading Rules: Sell Trade Enter a short position when both conditions are met as shown below: • RSI Filter indicator blue (down trend) • Forex Analyzer PRO draws a red arrow on screen ==> Initiate a sell order and place a protective stop-loss slightly above resistance. Take profit: Close the sell trade at 1/10th of the average daily range provided by Forex Analyzer PRO (left corner of the screen).