48# Neptune 3, 1min Scalping Trading System

Neptune Scalping

Submit by Forexstrategiesresources

 

Time Frame 1min.

Pairs: Eur/USD, GBP/USD.

Indicators:

Bands: set at (20, 3), Exponential.
Moving Average 3 Exponential,
MACD Histogram Study (6,17,8)
Relative Strength Index Study set at 14.

 

Long entry:

Wait for the 3 EMA to cross up through from the 18 Bollinger Bands Middle line.
· Wait for the 
Relative Strength Index and MACD Histogram to line up: Above 0 (MACD) and above 50 (RSI) for
signal. Below 0 (MACD) and below 50 (RSI) for SELL signal.

 

Short Entry:

Wait for the 3 EMA to cross down through the 18 Bollinger Bands Middle line.
· Wait for the Relative Strength Index and MACD Histogram to line up: Above 0 
(MACD) and above 50 (RSI) for
signal. Below 0 (MACD) and below 50 (RSI) for SELL signal.

Exit Position

Place stop loss for buy on Lower Band.

Place Stop Loss for sell on upper band.

 

 

 


Profit Target

Place profit target on  opposite band.

Profit target EUR/USD5-7 pips, GBP/USD7-9 pips

 

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