447# Price reversal band scalping

Price reversal band

Submit by James 14/01/2015


Price reversal band scalping system is a reversal and trend following strategy. This system is profitable. For this trading system i show two solutions.


Time Frame 15 min.This trading system is setting for 15 min time frame but you can use also for other time frame.

Currency pairs: majors( EUR/USD, USD/jpy, AUD/USD, NZD/USD, GBP/JPY, USD/CAD, USD/CHF, GBP/USD,) Indicies (S&P 500, Dow Jones, DAX, FTSE).

Metatrader Indicators

ultimate bars,

Price Reversal band,

ultimate alerts and arrows (volatility quality indicator),

RSI extremus (aggressive),

Fibo trend optional filter.


Trading rules Price reversal band scalping

Tips 1: I shared two tmplates with two differents arrows (first with volatility quality, second with RSI Extremus, more aggressive).

Buy

When price touched or broken ,green band of the price reversal band indicator,for buy,we wait for blue arrow.

Fibotrend indicator blue bar (optional).

Sell

When price touched or broken ,red band of of the price reversal band indicator l,for buy,we wait for red arrow.

Fibotrend indicator red bar (optional).

Tips 2: with RSI Extremus arrow go for two entry see example in the picture.


Exit

At the opposite arrow or ratio stop loss 1.3.

Initial stop loss at the previos high/low swing.

In the pictures price reversal band in action.

price reversal band scalping in action.
price reversal band scalping in action.
price reversal band scalping in action with RSI Extremus (template 2)
price reversal band scalping in action with RSI Extremus (template 2)
Price reversal band scalping.rar
compressed file archive 57.8 KB

You can apply Price reversal band scalpingfor trading with binary options high/low

Expiry time 12 candles. See example.

Price reversal band scalping with binary options High/Low
Price reversal band scalping with binary options High/Low

Write a comment

Comments: 1
  • #1

    Peter (Wednesday, 21 January 2015 12:06)

    Thanks for this system, it looks very much promising. Pls, I like to use it on higher time frame say, 4hr or Daily. Is there any setting for higher time frames or it is okay using it on higher time frame with the setting uploaded here?