As you can see from the name of one of the indicators, this Forex Strategy «Scalp Gann» was originally a scalper. However, over time, it was upgraded and became less active and received more distant targets. The conclusion of transactions on this trading system occurs quite often, but still not so much that trading on it requires the full employment of the trader.
Statistics:
Over the past six months, from September 2022 to March 2022, the strategy showed a positive result of +130%. The risk for each individual trade is 2% of the initial deposit.
- Time interval — m15.
- Currency pair — GBP/USD.
Indicators:
- Scalper_MA indicator with 3 parameters; 80; 5.
- Ganns Signal Stop Loss_V4 indicator with +2 parameters; 5; 1.
Conditions for purchases according to the Forex Strategy «Scalp Gann»:
1) Scalper_MA indicator changed its color from red to blue. It is necessary to wait so that at least two candles in a row last. (A new signal in the same direction can only be received if this indicator has completely changed color to red and only then back to blue.)
2) If at this moment at the close of the previous hour (not a candlestick, but exactly an hour) the Ganns Signal Stop Loss_V4 indicator has already been colored green, then the signal from it is already considered received. If this indicator has not yet been green, then you should wait for the next hour to close, at which the indicator will turn green.
3) The price must be above the Scalper_MA indicator.
4) As soon as all signals are confirmed a couple of points above the high of the last candle, a buy stop order is placed.
5) Stop loss is set a couple of points below the signal candle. But no more than 50 and no less than 15 points.
6) Take profit is set at a distance of 8 times the size of the stop.
7) If the order has not yet been activated, and the Scalper_MA indicator has changed color, then it should already be deleted.
8) The order is transferred to breakeven only if the Scalper_MA indicator has already risen above the entry point.
9) Also, at the close of the day, any active order should be closed at the market price.
Conditions for sale — Scalp Gann:
1) Scalper_MA indicator changed its color from blue to red. It is necessary to wait so that at least two candles in a row last. (A new signal in the same direction, to sell, can only be received if this indicator has completely changed color to blue and only then back to red.)
2) If at this moment at the close of the previous hour (not a candle, but an hour) the Ganns Signal Stop Loss_V4 indicator was already colored red, then the signal from it is already considered received. If this indicator has not yet been red, then you should wait for the close of the next hour, at which the indicator will turn red.
3) The price must be below the Scalper_MA indicator.
4) As soon as all signals are received and confirmed, a pending sell order is placed a couple of points below the low of the last candle — sell stop.
5) Safety order — stop loss is set a couple of points above the signal candle. But it should not be more than 50 and not less than 15 points.
6) We fix the profit on the take profit, which is set at a distance 8 times greater than the size of the set stop loss.
7) If the order has not yet been activated, and the Scalper_MA indicator has changed its color, then it should be deleted — do not trade!
8) The order is transferred to the breakeven point only if the Scalper_MA indicator has already fallen below the market entry point.
9) Also at the close of D1 candle, any active order should be closed at the current market price.
Video version of the forex strategy «Scalp Gann»:
Video from our partners. Recommended to watch with English subtitles!
- Download MT4 template — ganns_scalp_tpl (archived).
- Download forex indicators for MetaTrader 4 — skalp_ganna_indicators (also in the archive).