Forex Speedometer - extreme scalping

Are you tired of lagging indicators and entering trades when the "train has already left"? Do you dislike waiting for hours at the monitor for take-profit to trigger or for an entry signal to appear? Do you want to extract maximum profit from price movements in the market? Then the indicator-free forex strategy "Forex Speedometer" is for you :) .

Strategy type: Scalping

Currency pair: Any

Timeframe: M15 and lower

Recommended broker: Alpari (ECN accounts)

Rules of the strategy "Forex Speedometer"

Rules for buys:

The tick chart is in the "oversold zone" and begins to show signs of upward movement.

The speed of price change on the speedometer reaches 2.3 ticks per second or higher.

Exit when the price on the tick chart reaches the "overbought zone" and starts moving downward. At the same time, the speed on the speedometer falls below 1.5 ticks per second.

Rules for sells:

The tick chart is in the "overbought zone" and begins to show signs of downward movement. The speed of price change on the speedometer reaches 2.3 ticks per second or higher.

Exit when the price on the tick chart reaches the "oversold zone" and starts moving upward. At the same time, the speed on the speedometer falls below 1.5 ticks per second.

Also exit the trade if the loss exceeds 10-15 points (depends on the pair's volatility).

The strategy is explained in more detail in the video at the beginning of the post.

Strategy discussion on the forum