For high-frequency trading (HFT), the Dragon Scalping Indicator is a system that provides simple buy/sell indications. Typically, HFT Scalping Indicator is marketed for $37 per lifetime. It has a currency and timeline switcher, as well as an ON-SCREEN dashboard with a currency strength meter and other useful data.
The trading system comes with tools that make it simple to view the market and make precise trades. The key characteristic is the series of arrows that can be readily filtered with the band of moving averages and the trendline, which must be in agreement with the arrows or with a double breakout when the trendline and the band of moving averages are inverted.
In order to hit strong currencies against weak currencies, the Dragon 5 minute scalping approach offers a currency of strength that signals strong and weak currencies.
HFT Scalping Strategy leverages indications from a variety of technical indicators, including trend trading, countertrend trading, and others, to enter the market. As a result, there is a greater opportunity for long-term growth and less exposure to isolated pairs or individual operations.
It detects swift and profitable price changes and provides clear buy and sell signals. In order to generate just the trades with the highest likelihood, the system thoroughly examines each trading signal.
You can use the trade signals provided by the Dragon indicator system as-is or, as is advised, combine them with extra chart research to further filter them. Although this strategy can be used by traders of all experience levels, it may be helpful to practice trading on an MT4 demo account first until you are reliable and self-assured enough to trade in real time.
Stick to your money management plan and avoid trading during a period of breaking news. Before a half-hour and an hour of the high-impact forex news, stop trading.
A signal alert can be sent to you by the Forex Dragon Scalping System by email, mobile notification, or platform pop-ups. This is advantageous since it allows you to monitor numerous charts at once and eliminates the need to spend the entire day staring at the charts in anticipation of signals.
Any Forex currency pair as well as other assets including equities, commodities, cryptocurrencies, precious metals, oil, gas, etc. can be traded using the Forex HFT Indicator System. Additionally, you may apply it to any time frame that works best for you, including charts for one minute to one month.
Trading rules
prior to opening your preferred trading pairs and beginning to trade. Please keep in mind that this technique performs best on volatile currency pairs and indices like the S&P 500, Dow, and Dax that have modest spreads.
- Duration: 5 minutes
- Trading Hours: 7 to 18 UTC
- trades only in the moving average band’s direction.
- When trading strong currencies versus weak currencies, use the Dragon 5 minute Scalping Template.
buy
- Place a buy order at candle closure if the price of the current candle is higher than the MA bands at the time the green arrow shows.
- Check the trendline’s concordance as well.
- The green arrow, the price candle breaking the trendline, and the upward movement of the MA bands must all occur simultaneously in the event of an inversion.
Sell
- When the pink arrow emerges, place a sell order at candle close if the price of the current candle is below the MA bands.
- Check the trendline’s concordance as well.
- The red arrow, the price candle breaking the trendline, and the upward movement of the MA bands must all occur simultaneously in the event of an inversion.