Forex Scalping Strategy M1, M5, M15 Time Frame with Snake Force Channel System – But this “Snake Force Border Channel System” work best 4H time frame. I find 4H time frame really takes the stress out of it and it has improved my patience exponentially.
Trading NOTES
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- Use a demo account or a small live account first to practice this trading system
- Time Frame: M1, M5, M15, or higher
- Currency pairs: EURUSD and GBPUSD
MetaTrader Trading Indicators
- Snake Force
- Snake Border
- Price Channel Stop
- Magnified Market Price
- Commodity Channel Index
- Status Monitor
BUY Rules
- Snake Force green color bars
- Snake Border blue color
- Price Channel Stop blue color
- Commodity Channel Index line above 50 level
SELL Rules
- Snake Force red color bars
- Snake Border red color
- Price Channel Stop magenta color
- Commodity Channel Index line below -50 level
Trading NOTES
- Initial stop loss on the previous swing
- Profit Target predetermined depends on the time frame and currency, or with Risk Reward Ratio 1:3 stop loss