395# Momentum Scalper Trading System

Momentum Scalper with Ergodic indicator

Submit by Joy22 12/11/2013

 

This Trading system is a pure momentum scalping forex strategy, It's based on the on two momentum indicators. Momentum Scalper and Ergodic BH indicator.

 

Time Frame 5 min.

Currency pairs major with the spread >0,0001 (< 1 pips). Or 15 min with normal spread.

 Metatrader indicator:

Momentum Scalper indicator ( 5 , period);

BH Ergodic indicator (1, 2,2,2,2,).

 

Rules for Momentum scalper tradinfg system

Remeber do not trade before the news!!!

 

Buy

When appears the black bar of the momentum scalper indicator above the zero line, buy at opening of the next bar if the BH Ergodic indicator is >0 (red line).

 

Sell

When appears the black bar of the momentum scalper indicator below the zero line, buy at opening of the next bar if the BH Ergodic indicator is <0 (red line).

 

Exit position

Profit target 4-5 pips. EUR/USD ,and AUD/USD 4 pips, GBP/USD 5 pips.

Place Stop loss below or above the entry bar.

Momentum scalper trading system (template)
Momentum scalper trading system (template).
Momentum Scalper with Ergodic indicator.
Momentim Scalper system.rar
compressed file archive 24.1 KB
Momentum Scalper Trading System
Momentum Scalper Trading System

Momentum Scalper, trades with the trend

 

14/11/2013

add two moving averages smoothed:

moving average 25 period High;

moving average 25 period Low.

 

Long Entry

Only buy when the price is above moving average High with the previous rules.

 

Short Entry

Only when the price is sell below moving average low with the previous rules.

With this change, this idea of trading is best.

Momentum Scalper Trading System trades with the trend (Template)
Momentum Scalper Trading System trades with the trend (Template)
momentum scalper system trades with the
compressed file archive 4.2 KB
Momentum Scalper, trades with the trend
Momentum Scalper, trades with the trend

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