PLATFORM:  MT4
TF: M15
PAIRS: GBPUSD – EURUSD – AUDUSD
HOURS: AROUND THE CLOCK
BROKER TYPE: SCALPING – ULTRA LOW OR ZERO SPREAD ONLY

PALM TREE FX SIGNALS is a forex signal for the MT4 platform, exclusively designed for SCALPING on M15

PALM TREE FX SIGNALS: TECHNICAL SPECIFICATIONS

Indicators:

• Absolute Strength

• Pama Gann Grid

• MACD

3 conditions are necessary to be able to make any entry (BUY-SELL):
(1+2+3)

Long Entry (BUY):

• 1- When the Pama Gann Grid is direction up (green).  (do not go enter  after 3 bars that appeared the arrow Pama Gann Grid)

• 2- When in the AbsoluteStrength the light blu line is above the Horizontal line(0.0003)

• 3- When MACD is above the 0 level.

Short Entry (SELL):

• 1- When the Pama Gann Grid is direction down (red).(do not go after 3 bars that appeared the red arrow Pama Gann)

• 2- When in the AbsoluteStrength the tomato line is above the Horizontal line (0.0003)

• 3. When MACD is below the 0 level.

IMPORTANT: If a single condition is met IT´S NOT AN ENTRY TRIGGER. You must wait for the 3 conditions (1+2+3) to be met to take a trade.

Profit Target:

• 1- 14 Pips  GBP/USD, 12 pips EUR/USD, 10 pips AUD/USD.

Exit Position:

• 1- When Pama Gann Grind changes position.

   

   

Let’s see some charts:

GBPUSD M15

GBPUSD M15

DON’T Trade During News: If there is a news event and it occurs during your trading times, never trade 30 minutes before and 30 minutes after the news event.