395# Momentum Scalper Trading System
Momentum Scalper with Ergodic indicator
Submit by Joy22 12/11/2013
This Trading system is a pure momentum scalping forex strategy, It's based on the on two momentum indicators. Momentum Scalper and Ergodic BH indicator.
Time Frame 5 min.
Currency pairs major with the spread >0,0001 (< 1 pips). Or 15 min with normal spread.
Momentum Scalper indicator ( 5 , period);
BH Ergodic indicator (1, 2,2,2,2,).
Rules for Momentum scalper tradinfg system
Remeber do not trade before the news!!!
When appears the black bar of the momentum scalper indicator above the zero line, buy at opening of the next bar if the BH Ergodic indicator is >0 (red line).
When appears the black bar of the momentum scalper indicator below the zero line, buy at opening of the next bar if the BH Ergodic indicator is <0 (red line).
Profit target 4-5 pips. EUR/USD ,and AUD/USD 4 pips, GBP/USD 5 pips.
Place Stop loss below or above the entry bar.
Momentum Scalper, trades with the trend
add two moving averages smoothed:
moving average 25 period High;
moving average 25 period Low.
Only buy when the price is above moving average High with the previous rules.
Only when the price is sell below moving average low with the previous rules.
With this change, this idea of trading is best.