Urban Towers Scalping Strategy

[urbanforex]

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

[joeharley]

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

[urbanforex]

Here are the indicators sorry about that.

[urbanforex]

Style : Aggressive

- Navin
urbanforex

[urbanforex]

Style : Aggressive

- Navin
urbanforex

[urbanforex]

Style : Conservative then Aggressive

- Navin
urbanforex

[blubberman]

hey, thank's for sharing your strategy!

what timeframe(s) are you on?

good luck

[JohnBa]

Hi
Couldn't download the indicator, seems to be corrupt.
Any other link available?
Thanks, John

[blubberman]

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

[fxtrendline]

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