405# 1-2-3 Pattern MTF with Bollinger bands and Moving Averages Scalping System

1-2-3 pattern MTF Scalping System

 

Submit by FxTrader 09/12/2013

 

1-2-3 pattern MTF with Bollinger bands and Moving Averages Scalping System is a price action forex strategy trend following. This scalping system works also with higher time frame.

 

Time Frame 5 min, 15 min .

Currency pairs: EUR/USD, GBP/USD, USD/CHF, AUD/USD.

 

 

Technical Indicators:

Parabolic Sar indicator (0.02-0.2);

Moving Average Simple ( period 6, close);

Moving Average Simple ( period 12, close);

Moving Average Simple ( period 24, close);

Moving Average Simple ( period 48, close);

Bollinger Bands (12, 2 or 20 :2);

Bollinger bands (48, 2);

1-2-3 Pattern MTF v3.1;

Lab Trend Zig Zag 1.2;

 

Rules for 1-2-3 Pattern MTF with Bollinger bands and Moving Averages Scalping System

 

Trade only in the direction of th trend

 

Buy

Simple Moving Average trend up= MA 6>MA12>MA24>MA48 and MA12>MA24>MA48;

Parbolic Sar trend up with the dots below the candles;

The upper band of the Bollinger Bands (12, 2 or 20:2) is > of the upper band of the Bollinger bands (48, 2);

Lab Trend Zig Zag pointing up;

If these conditions are fulfilled enter a buy pending order at the level 100 of the indicator 1-2-3 pattern with target 161 or 261.

Place the stop loss 2 pips below the level of 23.6.

 

Sell

Simple Moving Average trend down= MA 6<MA12<MA24<MA48 and MA12<MA24<MA48;

Parbolic Sar trend down with the dots above the candles;

The lower band of the Bollinger Bands (12, 2 or 20:2) is > of the lower band of the Bollinger bands (48, 2);

Lab Trend Zig Zag pointing down;

If these conditions are fulfilled enter a sell pending order at the level 100 of the indicator 1-2-3 pattern with target 161 or 261.

Place the stop loss 2 pips above the level of 23.6.

 

This scalping system is also good for trading in with Binary Options High/Low.

1-2-3 Pattern MTF with Bollinger bands and Moving Averages Scalping System (Template and Indicators)
1-2-3 Pattern MTF with Bollinger bands and Moving Averages Scalping System (Template and Indicators Metatrader 4 )
1-2-3 pattern MTF with bollinger bands a
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1-2-3 Pattern MTF with Bollinger bands and Moving Averages Scalping System
1-2-3 Pattern MTF with Bollinger bands and Moving Averages Scalping System
1-2-3 Pattern MTF with Bollinger bands and Moving Averages Scalping System
1-2-3 Pattern MTF with Bollinger bands and Moving Averages Scalping System

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