417# Ama Bands Scalping System

Ama Scalping strategy

 

Submit by Freddyforex 26/02/2014

 

Ama bands Scalping System is based on two indicators Ama Bands and 5 minute chart.

 

Time Frame 5 min.

Curency pairs: EUR/USD, GBP/USD.

 

Metatrader Indicators:

Ama Bands ( 9, 30, 2);

5 minute char.

 

Rules for Ama Bands Scalping system

General rules

-Identify a current long term trend. (Remember? Trend isyour friend?)

Example – if you trade on a 5M timeframe – go to one time frame higher

(15M timeframe Chart in this case).

 

On a 5M timeframe The5-MinuteChartIndicator will show yousmaller

intraday trends which are currently inside a broader trend

(in this case 15M timeframe trend).

 

  • Ignore all signals against a a broader 15M timeframe trend!

 

Example: 15M Timeframe Trend is up – but you get a “sell” signal

on your 5M timeframe (ignore it!) Wait for a “buy” signal to enter.

This is the most important rule #1, if you follow it you will have no

losing trades at all.

The most important rule #2: do not trade and do not use the

indicators on a side trend. This is “MUST follow” rule#2.

Stay away from using the signals and open trades on unclear trends.

 

 

Long entry

5 minute chart line subwindow indicator is blue on the 5 min chart and 15 min chart.

Ama bands blue arrow only on the 5 min chart.

 

Short entry

5 minute chart line subwindow indicator is red on the 5 min chart and 15 min chart.

Ama bands red arrow only on the 5 min chart.

 

Exit position when the 5 min chart indicator change direction or on the pivots points levels.

Intial stop loss on the previous swing

 

In the picture Ama Bands scalping system in action.

Ama Bands scalping system
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In the picture Ama Bands scalping system
In the picture Ama Bands scalping system