150# 15 min Contrarian Scalping System

Contrarian Forex Strategy

15 min Contrarian Scalping

Submit By Joy22 07/12/2011

 

 

15 min Contrarian Scalping is an forex strategy Contrarian or counter-trend the advantage of these forex strategies is a good profitability but with do not great gain (in relation at the time frame).

Time Frame: 15 min,
Currency Pair: all

Forex Indicators:
bollinger bands[20, 2]
envelope[14]

ADX (13)(with moving Average 5)

Stochastic cross alert (14, 3,7)

Rules
When price [up]exceeds both upper bb and upper 
envelope wait arrow down stochastic if ADXCross down moving average or is below 30 enter short.

When price[down]exceeds both 
lower bb and lower envelope wait arrow up stochastic if ADXCross down moving average or is below 30 enter long.

Stop loss 2 pips above the Upper or below the Lower Band of the BB.
take profit 10 pips or on the middle band.

 


 

In the pictures 15 min Contrarian scalping system 

Stochastic Cross trading signal alert
_Stochastic_Cross_Alert_SigOverlayM_cw.r
compressed file archive 1.6 KB
Contrarian Scalping Trading System
contrarian scalping.rar
compressed file archive 923 Bytes

 

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