150# 15 min Contrarian Scalping System

Submit By Joy22 07/12/2011

15 min Contrarian Scalping is an forex strategy Contrarian or counter-trend the advantage of these forex strategies is a good profitability but with do not great gain (in relation at the time frame).

Time Frame: 15 min,

Currency Pair: all

Forex Indicators:
bollinger bands[20, 2]
envelope[14]

ADX (13)(with moving Average 5)

Stochastic cross alert (14, 3,7)

Rules

When price [up]exceeds both upper bb and upper envelope wait arrow down stochastic if ADXCross down moving average or is below 30 enter short.

When price[down]exceeds both lower bb and lower envelope wait arrow up stochastic if ADXCross down moving average or is below 30 enter long.

Stop loss 2 pips above the Upper or below the Lower Band of the BB.

take profit 10 pips or on the middle band.

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