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MTI Trend Scalper 4.0 is my favorite system

MTI Trend Scalper 4.0 is my favorite system

I love using the MTI Trend Scalper 4.0 system. This systemwas developed by my mentors, http://www.markettraders.com/landings/forexIQ/forexIQ.aspx?id=THEFOREXMOM(Blog).  It consists of several different indicators.

When the candles are above the red automated trendline, I think bullish. I look at the Stochastic RSI indicator at the bottom of the chart (blue line with dots). When I see it hit the bottom and turn up, I look for a bullish candlestick formation and enter the trade. I set my stop below the low and my limit at the previous high.

MTI Trend Scalper 4.0

MTI Trend Scalper 4.0

Voila! I hit my limit and captured 15 pips!

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