283# Trap for the price scalping
1 min Scalping Forex System
Submit by Mike 20/01/2013
Setup for 1 min chart
Currecy pairs: any.
Bollinger Bands: (period 100, deviation 2 levels 1.0 2.0, 3.0, 4.0, 5.0 # -1.0, -2.0, -3.0, -4.0, -5.0 ;
2 MA Crossover For Entry and re-rentry
This Trading System not repaint, is simple but is not for beginners.
This trend forex system is based on retracement price into the bollinger trap.
DeltaTrend1 is green the trend is up. Wait that the price breaks the last upper aqua band or the black upper band, when the price retraces into the trap bands color aqua and appears blue arrow (ma Crossover) Buy. The arrow is good entry only in the trap!
DeltaTrend1 is red the trend is up. Wait that the price breaks the last lower aqua band or the black lower band, when the price retraces into the trap bands color aqua and appears red arrow (ma Crossover) Sell. The arrow is good entry only in the trap!
Exit position options:
At oppposite arrow;
Stop loss 10-12 pips;
Profit target 6-12 pips.
This System have an great profitability
In the pictures Trap for the price scalping in action.
Share your opinion, can help everyone to understand the forex strategy.
1 min Scalping forex Strategies