48# Neptune 3, 1min Scalping Trading System

Neptune Scalping

Neptune 3 Update 02/2024

Bollinger Bands and MACD reversal is a classic but very effective basic strategy.

The logic is very simple: you have to wait until the price touches or exits the Bollinger bands and wait until the price is first lower or higher than the controlling moving average and then the MACD crosses in the opposite direction.

 

Neptune Reversal Momentum Forex Strategy
Neptune Reversal Momentum Forex Strategy

Setup Strategy

5 minutes or more

Currency pairs: any. Best EURGBP, AUDNZD, AUDCHF

Strategy suitable for day trading and swing trading.

Indicators

Bollinger Bands periods 25 deviation 2.5

Simple Moving Average 9 periods close,

MACD (7,21,9).

Trading Rules

Buy

When the price touches or exceeds the lower band, first wait for the price to be greater than the 9-period moving average, then for the MACD to cross upwards.

Sell

When the price touches or exceeds the lower band, first wait for the price to be greater than the 9-period moving average, then for the MACD to cross upwards.

Stop loss on the previous high/low swing.

 

Take profit middle line or stop loss ratio 1:1.15.

Neptune Reversal Momentum Forex Strategy
Neptune Reversal Momentum Forex Strategy
Neptune Reversal Momentum Forex Strategy
Neptune Reversal Momentum Forex Strategy
Neptune Reversal Momentum Forex Strategy
Neptune Reversal Momentum Forex Strategy

Submit by Forexstrategiesresources

 

Time Frame 1min.

Pairs: Eur/USD, GBP/USD.

Indicators:

Bands: set at (20, 3), Exponential.

Moving Average 3 Exponential,

MACD Histogram Study (6,17,8)

Relative Strength Index Study set at 14.

 

Long entry:

Wait for the 3 EMA to cross up through from the 18 Bollinger Bands Middle line.

· Wait for the Relative Strength Index and MACD Histogram to line up: Above 0 (MACD) and above 50 (RSI) for

signal. Below 0 (MACD) and below 50 (RSI) for SELL signal.

 

Short Entry:

Wait for the 3 EMA to cross down through the 18 Bollinger Bands Middle line.

· Wait for the Relative Strength Index and MACD Histogram to line up: Above 0 (MACD) and above 50 (RSI) for

signal. Below 0 (MACD) and below 50 (RSI) for SELL signal.

Exit Position

Place stop loss for buy on Lower Band.

Place Stop Loss for sell on upper band.

 

 

 


Profit Target

Place profit target on  opposite band.

Profit target EUR/USD5-7 pips, GBP/USD7-9 pips

 

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Comments: 2
  • #1

    Sat150 (Wednesday, 13 June 2018 05:05)

    The settings for BB is it 20 or 18?. And how to set it to exponential

  • #2

    ferdyfinance (Monday, 18 June 2018 01:33)

    THE PIC IS 1H CHART ?