Hama Scalping System

Forex trading systems are quite exciting as they are composed of some non-traditional indicators and are meant to reveal trading opportunities without much analysis. The Hama Scalping System is one such system that is composed of both classic and contemporary indicators.

What is the Hama Scalping System?

Hama Scalping System is comprised of eight different indicators that include:

  • FTI Hama Scalping indicator
  • 11-period SMA
  • MACD histogram
  • Kijun Tenkan
  • PivotsD V5
  • Daily open line
  • X3 Semafor
  • MinySinyal V1

The system is primarily designed to ease analyzing the forex market. It can be used in scalping, day trading, or swing trading. Let’s take a look at the chart setup:

Hama Scalping System on chart
Hama Scalping System on chart

How to trade Hama Scalping System?

The Hama Scalping System gives you a powerful combination of indicators that help you analyze the market in no time. For example, look at the MinySinyal indicator in the top right corner. It shows you the trend in all timeframes. Therefore, you can look for opportunities to trade in the right direction.

The pivot and daily open indicators show whether the price is trending up or down. If the price is above the daily open, it shows the potential bullish trend, looking to acquire the next level pointed out by the pivot indicator.

The Kijun Tenkan, 11-period SMA, and MACD are traditional trend indicators showing whether the price is trending or consolidating. Although MACD and 11-period SMA are lagging indicators, they can be used for confirmatory analysis.

The FTI Hama indicator and X3 Semafor are custom indicators. The FTI indicator prints candles on the chart revealing the direction and strength of the trend, while the X3 indicator shows dots on the chart, indicating the potential trend reversal.

You can use all these tools to find the right market direction and enter the trade when the chart shows a new X3 dot. Moreover, you can use the pivot indicator to set profit and loss targets.

Hama Scalping System buy strategy

Let’s take a look at long strategy:

Hama Scalping System buy setup
Hama Scalping System buy setup
  • The MinySinyal indicator should have blue dots and arrows from M30 to D1.
  • The MACD should be above the zero line.
  • The FTI Hama indicator should change direction.
  • The X3 dot should appear below the trigger candle, and then you can enter the long position.
  • You could place the stop-loss around the recent swing low.
  • You could place the take profit at the next level visible on the chart or use the pivot indicator level.

Hama Scalping System sell strategy

Let’s take a look at the short strategy:

Hama Scalping System sell setup
Hama Scalping System sell setup
  • The MinySinyal indicator should have red dots and arrows from M30 to D1.
  • The MACD should be below the zero line.
  • The FTI Hama indicator should change direction.
  • The X3 dot should appear above the trigger candle, and you can enter the long position.
  • You could place the stop-loss around the recent swing high.
  • You could place the take profit at the next level visible on the chart or use the pivot indicator level.

Conclusion

The Hama Scalping System is quite awesome for traders. However, it needs cautiousness to trade. You should not invest into it without vetting the system on a forex demo account for enough time. You may play around with the settings to find better results according to your own trading style as everyone is different.