325# VKW Bands Modified Scalping System
Submit by Joy22 22/04/2013
Intro VKW Bands
System concep t : VKW Bands were developed by Volker Knapp
VKW Bands make useful trend-following tools
in the FX market.
This system uses the following VKW Band calculations: 1) divide a 104-day look-back period into two
segments of 52 days; 2) determine the highest high and the lowest low of each 52-day period; 3) calculate
a two-period weighted moving average of both the highest highs and lowest lows.
These calculations create upper and lower bands intended to identify long-term price extre m e s .
When a market exceeds these extremes, the system assumes there will be a higher chance of catching a continuation trend move than a correction or reversal. After a band is penetrated and a trade is entered, the opposite band acts as the exit point. However, the system does not simultaneously
reverse position when a stop is hit; it waits for a “fresh” signal to enterthe market again.
VK Bands Modified Scalping System
Time Frame 15 min
Currency pairs any;
VK Bands Modified;
Go long when appears buy arrow and line white VKW Bands is above upper VK Band blue.
Go Short when appears Sell arrow and line white VKW Bands is below lower bands VKW Band red.
1 when VKWBands come back into zone between line blue and red (flat area);
2 At opposite arrow;
4 Profit Target Predetemined;
5 Support and resistances levels.
Place stop loss 15-20 pips.
VKW Bands Scalping System: Indicators and Template
Share your opinion, can help everyone to understand the forex strategy.
Forextradingstrategiesresources (Saturday, 31 August 2013 15:35)
Thanks Henry, updated.
henri (Saturday, 31 August 2013 14:40)
template and indicators do not work