Kumaresan System IndC: A Scalping Strategy
The Kumaresan System IndC is a scalping strategy designed for the forex market. It focuses on short-term trades and aims to capture quick profits. Below, I’ll provide details on how to use this indicator effectively:
Strategy Overview:
- Time Frame: 5 minutes
- Pairs: AUD/USD, EUR/USD, GBP/USD, GBP/JPY
- Key Indicators: Bollinger Bands (BB) and Relative Strength Index (RSI)
- Entry Signals: Look for specific conditions in the Bollinger Bands and RSI to determine whether to enter a trade.
Long Position (Buy):
- Bollinger Bands: The first consideration is the Bollinger Bands. Look for price oscillations within the bands, either in the top half or the bottom half.
- Price Position: For a bullish signal, the price should be in the bottom half of the Bollinger Bands on the following timeframes: 4 hours, 1 hour, 30 minutes, and 15 minutes.
- RSI Convergence: Check the RSI in the next panel. It should be converging from the bottom and have crossed in the 5-minute timeframe.
- Symbol Confirmation: Look for the “3” symbol on the chart.
- Trade Execution: Enter a BUY position in the next candle.
Short Position (Sell):
- Bollinger Bands: For a bearish signal, the price should be in the top half of the Bollinger Bands on the same timeframes (4 hours, 1 hour, 30 minutes, and 15 minutes).
- RSI Convergence: The RSI should converge from the top in the 15-minute timeframe and cross in the 5-minute timeframe.
- Symbol Confirmation: Again, look for the “3” symbol on the chart.
- Trade Execution: Enter a SELL position in the next candle.
Download and Installation
You can download the Kumaresan System IndC from the official website: Follow these steps:
- Visit the download page https://www.fxcracked.org/product/kumaresan-system-indc/
Visit our website https://www.fxcracked.org/ for additional resources and insights.
Contact: @yoforexpremium
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