40 # Scalping Method Trading System

Price Trigger Signal

Submit by ForexStrategiesResources

 

Time Frame 5min

Pairs:EUR/USD, GBP/USD, AUD/USD.

SHORT ENTRY

If Price trigger == (-1) and the candle above the trigger opens BELOW the orange volatility pivot you enter SHORT.

This condition is enclosed in the box labeled A on the illustration below.

 

LONG ENTRY

If Price trigger == (1) and the candle above the trigger opens ABOVE the orange volatility pivot you enter LONG.

This condition is enclosed in the box labeled B,C & D on the illustration above.

 

EXIT RULES

I have spotted 2 (or actually 3) EXIT scenarios:

 

1. Exit at the opposite Price Trigger Signal (see box B)

2. Trail your STOP LOSS using the value of the Volatility Pivotindicator (see box C where the LOW wick of the last candle in the box crosses the Volatility Pivot)

3. Exit when a candle closes with an opposite nonlagdot (for example: if we go LONG we wait for a candle to close with a RED nonlagdot, if we go SHORT we wait for a closed candle with a BLUE nonlagdot.

 

Scalping trading Method
Scalping Method based on volatility and pivot point levels.
Scalping Method.rar
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In the pictures below Volatility Pivot Points Levels  in action.

 

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