Are you fed up with lagging indications and market entrances? You don’t want to stare at a computer screen for hours waiting for the same work or profit to be a signal to enter? You want to make the most money possible from market price movements? Then what is a forex strategy without indicators? For You, a Forex Speedometer
Strategy will work properly only on brokers with 5 characters after the comma in quotations
Type of strategy: ScalpingPlatform: Metatrader4
Currency pair: Any
Trading Time: Round the clock
Timeframe: M15 and below
Rules of strategy Forex Speedometer
Rules for Buy:
The tick chart is in the oversold zone and is beginning to show indications of recovery.
The speedometer’s price change rate reaches 2.3 ticks per second or greater.
Exit when the price hits the overbought zone on the tick chart and begins to fall. At the same time, the speedometer’s tick rate drops below 1.5 ticks per second.
Rules for Sell:
The tick chart has reached overbought territory and is beginning to show signals of reversal. The speedometer’s price change rate reaches 2.3 ticks per second or greater.
Exit when the price hits the oversold zone on the tick chart and starts to rise. At the same time, the speedometer’s tick rate drops below 1.5 ticks per second.
Also, if the loss surpasses 10-15 points, abandon the transaction (depending on the volatility pairs).
In the Download SpeedOmeter_Pro.rar:
Manual speedOmeter_PRO User Guide
Download Forex Speedometer