M1 scalping technique with MUV indicator
Ok, for the scalper technique this time, we will use the MUV indicator which is guided by EMA50 and DPO. The combination of these three indicators is quite extraordinary combination. Why do I say that? Because this technique has been tested beforehand and the results are quite extraordinary and can meet the target of consistent profit.
Before stepping into the technique of using its strategy, I will clarify what and what the MUV, EMA50 and DPO indicators are like
MUV indicator is Tom Demark's Moving Average indicator, this indicator was created by Tom Demark. Tom Demark himself is a founder and CEO of Market Studies LCC, creator of DeMark Indicator and also as a special consultant for Steven A.Cohen from SAC Capital Advisor. This indicator is not default from the meta trader so if it's not in the meta trader om please download the indicator first.
download MUV indicator MUV indicator. Zip
EMA50 is an Exponential Moving Average that is set in the 50th period, this indicator is a popular indicator among all traders and for this indicator is already available in the meta trader, you just need to pair it on the chart
Detrended Price Oscillator (DPO) is an indicator that has the only function to eliminate trends from prices and make it easier to determine the cycle (overbought / oversold), and estimate the length of the cycle. This indicator is used to isolate the short term from the long distance cycle, so it is very suitable for scalping techniques. For this indicator also not available in meta, please first
download the indicator download DOP indicator DOP.zip indicator
Ok "Without further length, let's talk about how to, as well as the use of a scalper strategy by using MUV indicators that are combined with EMA50 and DPO.
Forex Technical Strategy Concepts
For the forex strategy concept, the indicators used are:
- MUV (for default settings)
- EMA 50 (Exponential Moving Average period 50)
- DPO (As confirmation with the setting x prd = 30, Count Bars = 30000)
- Time Frame 1 minute
- The best time is when trading London and New York
- Suitable for all currencies
if you don't have MUV and DPO indicators, please download it in the sentences above, the file is provided. if it has been downloaded and installed and the settings have followed the graphic instructions it will look like this
Rules for Entry Buy- The line from the EMA50 indicator crosses the MUV indicator line from the top down, this signal indicates a signal that the price will be bullish
- If the blue line on the DPO indicator is above the signal level 0.00
- To stop lost you can place I pips or slightly below the support line
Rules for Take Profit
For Take Profit, om can determine according to their respective strategies and targets or can also follow settings based on this MUV strategy. If based on the MUV strategy the provisions for exit positions or take profit that can be taken are as follows:- If the line from the EMA 50 indicator crosses or cuts the MUV indicator line from the bottom up which means that the price will go back down
- If the indicator line from the DPO breaks below the 0.00 level
The following are examples of graphs:
From the example above the graph shows where the EMA 50 line intersects the MUV indicator line from top to bottom and for the DPO line it is above the 0.00 line. If you see the condition as shown in the graphic above, this means confirmation of the signal for the Buy entry. Meanwhile, to exit the position, if the EMA 50 indicator line crosses the MUV indicator line from the bottom up and the DPO line is below the level 0.00
Rules for Entry Sell- For entry selling, the opposite of the entry buy rule is if the line from the EMA50 indicator crosses the MUV indicator line from the bottom up, this signal is a sign that the price will experience bearish (down)
- If the DPO indicator line is below the signal level 0.00
- Stop Loss can be placed slightly above the resistance line
For the exit or take profit strategy- If the EMA 50 indicator line crosses the MUV indicator line from top to bottom which indicates that the price will rise again
- If the line from the DPO indicator breaks above the 0.00 level
Sample Chart for Sell confirmation:
From the example above the graph shows where the EMA 50 line intersects the MUV indicator line from the bottom up and for the DPO line it is below the 0.00 line. If you see the condition like the graphic picture above, it means that it will confirm the signal for the Sell entry. Meanwhile, to exit the position, if the EMA 50 indicator line crosses the MUV indicator line from top to bottom and the DPO line is above the 0.00 level