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40 # Scalping Method Trading System

Price Trigger Signal

Submit by ForexStrategiesResources

 

Time Frame 5min

Pairs:EUR/USD, GBP/USD, AUD/USD.

SHORT ENTRY

If Price trigger == (-1) and the candle above the trigger opens BELOW the orange volatility pivot you enter SHORT.

This condition is enclosed in the box labeled A on the illustration below.

 

LONG ENTRY

If Price trigger == (1) and the candle above the trigger opens ABOVE the orange volatility pivot you enter LONG.

This condition is enclosed in the box labeled B,C & D on the illustration above.

 

EXIT RULES

I have spotted 2 (or actually 3) EXIT scenarios:

 

1. Exit at the opposite Price Trigger Signal (see box B)

2. Trail your STOP LOSS using the value of the Volatility Pivotindicator (see box C where the LOW wick of the last candle in the box crosses the Volatility Pivot)

3. Exit when a candle closes with an opposite nonlagdot (for example: if we go LONG we wait for a candle to close with a RED nonlagdot, if we go SHORT we wait for a closed candle with a BLUE nonlagdot.

 

Scalping trading Method
Scalping Method based on volatility and pivot point levels.
Scalping Method.rar
compressed file archive 5.2 KB

 

In the pictures below Volatility Pivot Points Levels  in action.

 

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