337# Bollinger Bands and Chaos Awesome Scalping System
Chaos Awesome Scalping Stystem
Submit by Marco 14/05/2013
Time Frame:1 , 5, 10, 15 ,30, min.
Currency pairs:majors.
This technique is for those who want the most simple method that is
almost fool-proof. It must be done ONLY during the busiest trading hours,
3 am to 11 am EST. This method doesn't work in sideways markets, only in
volatile trending markets.
SET UP YOUR CHARTS:
1. Open a EUR/USD candlestick chart with a white background.
2. Add a moving average of 3, Exponential, Close( EMA). Change the color of the 3
ema line to black.
4. Add your Chaos Awesome Oscillator.
Here's the strategy:
Going LONG:
Enter a long position when the black 3 EMA has crossed up through the red 20
EMA (middle band). At the same time, the Chaos should be approaching or crossing it's zeroline, going up.
Going SHORT:
Enter a short position when the black 3 EMA has crossed down through the red
20 EMA (middle band). At the same time, the Chaos should be approaching or crossing it's zero line, going down.
When to take your profit:
Simple...when your Chaos Awesome Oscillator turns a different color!
Here's a screenshot of “Bollinger Bands and Chaos Awesome Scalping System” in the 1 minute chart
Here's a screenshot (picture 2) of “Bollinger Bands and Chaos Awesome Scalping System” in the 10 minute chart.
Share your opinion, can help everyone to understand the forex strategy.
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Jaffar (Wednesday, 08 November 2023 09:44)
Hi Sir I want to use thisstratgegy in forex, could you please help me how to use this in MT5
ca (Friday, 17 March 2023 00:10)
hi Where i can find this chaos indicators i dont find him on TV?
TONY (Wednesday, 13 April 2022 21:34)
Hassan,
I agree with your thoughts on the Bollinger bands best for exit over the AO
My question is the on the entry, enter on the close of the cross and candle?
please confirm
Meneer (Thursday, 05 December 2019 15:22)
hello, thanks for sharing. very helpful.
But one thing is still a wedge, how to bring up (or set) parameters on the chaos william indicator?
In the picture listed 5, 34.5. But after I downloaded it, I did not find it.
saee (Thursday, 15 February 2018 09:32)
what time frame is better ?
Todd (Thursday, 25 January 2018 20:20)
Just found this and have done much back testing for crypto, liking it very much!
sean (Saturday, 30 July 2016 17:22)
Hello hassan shahzad！
how to use the BB channels to gain trade？
hassan shahzad (Thursday, 14 July 2016 07:56)
Hi,
i am again writing my review for this method...i tested it many times and i could not stop myself to tell you how best system this is..
benefits are as follows
1...The very first and very big advantage of this method is...You are using mt4 Default Non-repaint indicators...
2...Best Place for opening the Position...
3...Best place for closing the position ( i would always prefer to Take profit on the bollinger band channels rather than taking the profit When AO changes the color because in my experience Bollinger band channels are More safe , you can see history for yourself..when AO changes color , and you close your order then you can lose trade but when you take your profit at BB channels..you will never ever lose any trade..i give you guarantee for this)
4...No need to place SL...because method is working 100 percent (if we take profit as i mentioned above)
5...Best for scalping
Conclusion : Another 100 percent win ratio system by forexresourcesstrategies , i am in love with this site now because i found the system here , which i couldnt find anywhere else...Thanks you so much admin for making my life so easy with forex now
hassan shahzad (Tuesday, 12 July 2016 21:07)
yea Luke is right...this method also attracting me, lets see how this works , going to try it.
luke (Thursday, 27 August 2015 14:48)
best and easiest method i have ever used. thank you sooooo much.