CVN Forex Scalping Strategy FREE Download

CVN Forex Scalping Strategy combines three default Metatrader 4 indicators. It gives signals using Bollinger Bands, Relative Strength Index (RSI), and Stochastic Oscillator. With this strategy, you’ll be able to spot trend reversals, current market bias, and overall momentum conditions of the price. Technically, it is a beginner-friendly trading strategy that suits forex, stocks, and cryptos in multiple timeframe charts.

This Forex Trading Strategy is entirely manual. The indicators produce the signals, but any decisions to enter the market and to set protection stops or profitable exit stops will depend on the trader. Therefore, the trader must be familiar with the principles of risk and reward and use initial support and resistance areas to set entries and exits.

CVN Forex Scalping Strategy can give you trading signals you can take as they are or add your additional chart analysis to filter the signals further, which is recommended. While traders of all experience levels can use this system, it can be beneficial to practice trading on an MT4 demo account until you become consistent and confident enough to go live.

Short Explanation of this Strategy

The CVN Signal Scalping Strategy is a trading strategy that uses the lower and higher Bollinger bands as dynamic support and resistance levels. When the price approaches the upper Bollinger band, it indicates that the market is oversupplied and ready to rebound. This can be an ideal opportunity to enter a sell position. To further verify the validity of the setup, the developer of this strategy suggests using the RSI and Stochastic Oscillator.

For example, if you are looking to enter a buy position following the price rejection at the lower Bollinger band, then the RSI should rebound from the oversold zone (25) and the Stochastics should jump up from the 20 levels. This can be a valid buy setup. And CVN Forex Indicator Will give a Buy signal.

This CVN Scalping Strategy is straightforward. Even a complete beginner can start trading and making profits with this system. You can set it to send you a signal alert. This is helpful as it means you do not need to stare at the charts all day, waiting for signals to appear, and you can monitor multiple charts simultaneously.

CVN Forex Scalping Strategy can be used on any Forex currency pair and other assets such as stocks, commodities, cryptos, precious metals, oil, gas, etc. You can also use it on any time frame that suits you best, from the 1-minute to the 1-month charts.

Trading rules for this Forex Scalping Strategy

Remember to tighten your Stop Losses around High Impact News Releases or avoid trading at least 15 minutes before and after these events using the Trend Following Strategy.

As always, to achieve good results, remember about proper money management. To be a profitable trader, you must master discipline, emotions, and psychology. It is crucial to know when and when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility, beyond major sessions, exotic currency pairs, wider spread, etc.

CVN Forex Indicator gives BUY/SELL signals if all three below rules match. And there is source code available so you can adjust these parameters to your liking

Buy Entry

• The price bounces upwards from the lower Bollinger band.
• RSI value exceeds the 25 level
• The stochastic Oscillator rebounds from 20.

Sell Entry

• The price is rejected by the higher Bollinger band
• RSI value drops below the 75 level
• The stochastic Oscillator starts falling from 80.

Trade Exist

Any positions with this Forex Scalping Strategy can be liquidated using a fixed profit target. Alternatively, the profit target should be set using previous support, resistance, or high-low level as a reference point. You may also exit the trade manually if the conditions of the system reverse (the opposite signal appears).

• Set SL below/above  the lower/upper Bollinger band

It is recommended to use a stop loss. Set SL below the entry price using previous support/resistance as a reference point Or on the previous high/low swing. Using fixed stop loss settings without any reference points is not advocated.

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