A method called the Dragon Scalping Indicator provides simple buy/sell recommendations for high-frequency trading (HFT). 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 activities.
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.
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.
Trading Window 5 Minutes 7:00–18:00 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.
